Island Reach Inc
- Assets
- $51.7k
- Revenue
- $35.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Newton, MA
- Founding
- 08/2019
- Data as of
- 12/2022
- EIN
- 83-3008130
Organization Overview
Island Reach Inc is located in Newton, MA. The organization was established in 2019. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Island Reach Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Island Reach Inc generated $35.0k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $16.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (14.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, ISLAND REACH (IR) CONTINUED OUR COLLABORATION WITH THE NONPROFIT ORGANIZATION UNITED PURPOSE BANGLADESH (UPB) TO BUILD RURAL WOMEN'S LEADERSHIP FOR SUSTAINABLE LIVELIHOODS AND AGROECOLOGICAL FOOD SYSTEMS. IR CAME ALONGSIDE UPB TO SUPPORT THE CREATION AND GROWTH OF A NEW MODEL OF SOCIAL ENTERPRISE COLLECTIVE CALLED NARI JHURI, WITH A VISION OF SAFE FOOD, HEALTHY LIVES, AND A SUSTAINABLE PLANET. THE IR TEAM SPENT THE MONTH OF APRIL IN BANGLADESH, OFFERING A SERIES OF 6 WORKSHOPS FOR 45 STAFF ATTENDING FROM BOTH UPB CENTRAL OFFICE IN DHAKA AND FROM REGIONAL FIELD OFFICES. IR DESIGNED WORKSHOPS TO BUILD STAFF KNOWLEDGE AND CAPACITY TO SUPPORT AGROECOLOGICAL TRANSITIONS AND THE CONSTRUCTION OF MARKETS FOR AGROECOLOGICAL PRODUCTS FOR RURAL WOMEN ENTREPRENEURS.
DURING OUR TIME IN BANGLADESH, THE ISLAND REACH TEAM TRAVELED WITH UNITED PURPOSE BANGLADESH (UPB) STAFF TO MEET WITH WOMEN ENTREPRENEURS AND SMALL-SCALE FARMERS IN THE JAMALPUR REGION AND THE CHITTAGONG HILL TRACTS. WITH TRANSLATIONS FROM STAFF, TOGETHER WE TRIALED PARTICIPATORY ACTIVITIES FOR BUILDING AGROECOLOGICAL KNOWLEDGE AND MARKETS, INCLUDING COMMUNITY WALKS, ROLE PLAY, AND VALUE WEB DESIGN. WE ALSO LED A 1-DAY CONFERENCE IN RANGAMATI CITY FOR 55 WOMEN ENTREPRENEURS REPRESENTING THE WOMEN'S BUSINESS CENTERS OF THE CHITTAGONG HILL TRACTS.
OVER THE COURSE OF 6 MONTHS, WITH WEEKLY ONLINE MEETINGS WITH UPB STAFF, WE DESIGNED A TOOLKIT FOR WOMEN ENTREPRENEURS AND FACILITATORS THAT FULLY DEVELOPS THE CONCEPT OF THE VALUE WEB, AN ISLAND REACH APPROACH TO SUPPORT AGROECOLOGICAL TRANSITIONS AND SOCIAL ENTERPRISE. THE TOOLKIT, COMPRISED OF TWO MANUALS, PLAY CARDS, AND OTHER MATERIALS, WILL BE LAUNCHED IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janis Steele President | 20 | $0 | |
L Brooks Mccutchen Treas/clerk | 20 | $0 | |
Connor Steele-Mccutchen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,000 |
| Interest on Savings | $4 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $35,004 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35 |
| Depreciation | $1,741 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,139 |
| Total operating and administrative expenses | $16,571 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $16,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,203 |
| Savings and temporary cash investments | $37,879 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,610 |
| Other assets | $0 |
| Total assets | $51,692 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |