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REACH HIGHER FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
REACH HIGHER FOUNDATION (EIN 82-3501392)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-05-12
IRS object ID
202321329349102537
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-05-12T12:34:23-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13333 New Hyde Park Rd Ste 406AddressLine1Txt
CityNew Hyde ParkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN823501392EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Reach Higher FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlREACBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKYLE HUEBNERPersonNm
Person TitleTREASURERPersonTitleTxt
Phone8008391754PhoneNum
Signature2023-05-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstKYLEPersonFirstNm
Person LastHUEBNERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum

Additional Filer Information AdditionalFilerInformation

FieldValueIRS element (for citing)
Trusted CustomerTrustedCustomerGrp
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,311,591FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$211InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$211InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$18,464DividendsRevAndExpnssAmt
Dividends Net Invst Incm$18,464DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$13,842NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$315,668GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$163,910CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$4,833TotalRevAndExpnssAmt
Total Net Invst Incm$182,585TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Taxes Rev And Expnss$3,494TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$12,552OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$12,552OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$16,046TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$12,552TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$240,535ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$240,535ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$256,581TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$253,087TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$251,748ExcessRevenueOverExpensesAmt
Net Investment Income$182,585NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$40,227SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$117,989SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$117,989SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$1,214,134CorporateStockBOYAmt
Corporate Stock EOY$884,624CorporateStockEOYAmt
Corporate Stock EOYFMV$1,193,602CorporateStockEOYFMVAmt
Total Assets BOY$1,254,361TotalAssetsBOYAmt
Total Assets EOY$1,002,613TotalAssetsEOYAmt
Total Assets EOYFMV$1,311,591TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,254,361RetainedEarningBOYAmt
Retained Earning EOY$1,002,613RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,254,361TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,002,613TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,254,361TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,002,613TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,254,361TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$251,748ExcessRevenueOverExpensesAmt
Subtotal$1,002,613SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,002,613TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly-traded SecuritiesPropertyDesc
Gross Sales Price$315,668GrossSalesPriceAmt
Cost Or Other Basis$151,758CostOrOtherBasisAmt
Gain Or Loss$163,910GainOrLossAmt
Gains Minus Excess Or Losses$163,910GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$163,910CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,538InvestmentIncomeExciseTaxAmt
Subtotal$2,538SubtotalAmt
Tax Based On Investment Income$2,538TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,900EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$1,446ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$3,346TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$0EsPenaltyAmt
Overpayment$808OverpaymentAmt
Applied To ES Tax$808AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Kyle Huebner
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir, Treas1.0$0$0$0
Leanne Huebner
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir, Sec, Pres1.0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,421,645AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$74,212AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,495,857TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$1,495,857AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$22,438CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,473,419NetVlNoncharitableAssetsAmt
Minimum Investment Return$73,671MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$73,671MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,538TaxBasedOnInvestmentIncomeAmt
Total Tax$2,538TotalTaxAmt
Distributable Before Adj$71,133DistributableBeforeAdjAmt
Distributable Before Ded$71,133DistributableBeforeDedAmt
Distributable As Adjusted$71,133DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$253,087ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$253,087QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$71,133DistributableAsAdjustedAmt
Prior Year12020PriorYear1Yr
Prior Year22019PriorYear2Yr
Prior Year32018PriorYear3Yr
Excess Distribution Cyov Yr1$367,853ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$367,853TotalExcessDistributionCyovAmt
Qualifying Distributions$253,087QualifyingDistributionsAmt
Applied To Current Year$71,133AppliedToCurrentYearAmt
Remaining Distri From Corpus$181,954RemainingDistriFromCorpusAmt
Total Corpus$549,807TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$549,807ExcessDistriCyovToNextYrAmt
Excess From Year1$367,853ExcessFromYear1Amt
Excess From Current Year$181,954ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerKyle HuebnerContributingManagerNm
Contributing ManagerLeanne HuebnerContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
AMBASSADOR HIGH SCHOOL
2300 CRENSHAW BLVDTORRANCECA90501N/APCGeneral & Unrestricted$16,075
AMERICAN CHEMICAL SOCIETY
17 AVE UNIVERSIDAD STE 1701SAN JUANPR00925N/APCCharitable Event$6,000
AMERICAN MARTYRS SCHOOL
1701 LAUREL AVEMANHATTAN BEACHCA90266N/APCGeneral & Unrestricted$10,000
FORDHAM PREPARATORY SCHOOL
441 E FORDHAM RDBRONXNY10458N/APCGeorge Jackson Initiative fund$10,000
FULFILLMENT FUND
6100 WILSHIRE BLVD STE 600LOS ANGELESCA90048N/APCGeneral & Unrestricted$3,500
HARVARD BUSINESS SCHOOL
PO BOX 412275BOSTONMA02241N/APCGeneral & Unrestricted$10,000
MINDS MATTER
535 GRISWOLD ST STE 111-112DETROITMI48226N/APCGeneral & Unrestricted$1,250
MINDS MATTER
19360 RINALDI ST BOX 705PORTER RANCHCA91326N/APCGeneral & Unrestricted$7,000
MINDS MATTER
515 NW 43RD STSEATTLEWA98107N/APCGeneral & Unrestricted$10,000
MINDS MATTER
PO BOX 3149CHICAGOIL60654N/APCGeneral & Unrestricted$15,000
MINDS MATTER
1 EMBARCADERO CTR UNIT 2511SAN FRANCISCOCA94126N/APCGeneral & Unrestricted$5,000
TRUSTEES OF DARTMOUTH COLLEGE
6066 DEVELOPMENT OFCHANOVERNH03755N/APCGeneral & Unrestricted$100,000
TRUSTEES OF DARTMOUTH COLLEGE
6066 DEVELOPMENT OFCHANOVERNH03755N/APCFriends of Dartmouth Swimming & Diving program$10,000
VISTAMAR SCHOOL
737 HAWAII STEL SEGUNDOCA90245N/APCGeneral & Unrestricted$36,710
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$240,535TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$211ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$18,464ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$13,842ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$4,833ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$4,833TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
INVESCO QQQ TRUST$212,822$336,045
ISHARES S&P 500 INDEX FD$671,802$857,557

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$12,488$12,488
Postage/Delivery Service$39$39
State or Local Filing Fees$25$25

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
990-PF Estimated Tax for 2022$1,900
990-PF Extension for 2021$1,594

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