Reach-A-Star Foundation
- Assets
- $615.1k
- Revenue
- $51.3k
- Investments
- $494.3k
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 12/2001
- Data as of
- 06/2024
- EIN
- 94-3389351
Organization Overview
Reach-A-Star Foundation is located in Pennington, NJ. The organization was established in 2001. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Reach-A-Star Foundation 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 06/2024, Reach-A-Star Foundation generated $51.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $47.6k during the year ending 06/2024. While expenses have increased by 0.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Reach-A-Star Foundation has awarded 38 individual grants totaling $156,400. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Wong Ceo, Officer | 1 | $0 | |
Emily Wagner Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,491 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,715 |
| Capital Gain Net Income | $27,715 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $133 |
| Total Revenue | $51,339 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $303 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $1,578 |
| Contributions, gifts, grants paid | $46,000 |
| Total expenses and disbursements | $47,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2 |
| Savings and temporary cash investments | $120,731 |
| 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 | $494,324 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $615,057 |
| 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 |
Grants Awarded
Over the last fiscal year, Reach-A-Star Foundation has awarded $46,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DONORSCHOOSEORG PURPOSE: UNRESTRICTED GENERAL | $5,000 |
KHAN ACADEMY INC PURPOSE: UNRESTRICTED GENERAL | $1,000 |
OAKLAND SCHOOL FOR THE ARTS PURPOSE: UNRESTRICTED GENERAL | $30,000 |
JEFFERSON ELEMENTARY PTA PURPOSE: UNRESTRICTED GENERAL | $10,000 |