REACH PREP INC: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
REACH PREP INC (EIN 06-1438889)
Tax period
2019-07-01 to 2020-06-30
Filed
2021-04-22
IRS object ID
202111129349300946
Schema version
2019v5.2
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)
Return2021-04-22T16:21:38-05:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN133628255PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CONDON O'MEARA MCGINTY & DONNELLY LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1ONE BATTERY PARK PLAZAAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10004ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN061438889EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1REACH PREP INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlREACBusinessNameControlTxt
Phone2034870750PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE DOCK STREET NO 100AddressLine1Txt
CitySTAMFORDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06902ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGINA LUCASPersonNm
Person TitleCHIEF EXECUTIVE OFFICERPersonTitleTxt
Phone2034870750PhoneNum
Signature2021-04-22SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJAMES J REILLYPreparerPersonNm
PTINP00183769PTIN
Phone2126617777PhoneNum
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerGINA LUCASPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE DOCK STREET NO 100AddressLine1Txt
CitySTAMFORDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06902ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,378,298GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.REACHPREP.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1995FormationYr
Legal Domicile StateCTLegalDomicileStateCd
Activity Or MissionTO PROVIDE TRANSFORMATIVE EDUCATIONAL EXPERIENCES THAT EMPOWER UNDERSERVED, HIGH- ACHIEVING STUDENTS TO GRADUATE FROM TOP COLLEGES AND EMERGE AS THE NEXT GENERATION OF LEADERS.ActivityOrMissionDesc
Voting Members Governing Body19VotingMembersGoverningBodyCnt
Voting Members Independent19VotingMembersIndependentCnt
Total Employee30TotalEmployeeCnt
Total Volunteers29TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,165,892PYContributionsGrantsAmt
CY Contributions Grants$1,547,863CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$122,039PYInvestmentIncomeAmt
CY Investment Income$78,731CYInvestmentIncomeAmt
PY Other Revenue$176,205PYOtherRevenueAmt
CY Other Revenue$67,663CYOtherRevenueAmt
PY Total Revenue$1,464,136PYTotalRevenueAmt
CY Total Revenue$1,694,257CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,093,314PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,248,698CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$171,283CYTotalFundraisingExpenseAmt
PY Other Expenses$980,267PYOtherExpensesAmt
CY Other Expenses$772,348CYOtherExpensesAmt
PY Total Expenses$2,073,581PYTotalExpensesAmt
CY Total Expenses$2,021,046CYTotalExpensesAmt
PY Revenues Less Expenses-$609,445PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$326,789CYRevenuesLessExpensesAmt
Total Assets BOY$4,304,115TotalAssetsBOYAmt
Total Assets EOY$4,096,484TotalAssetsEOYAmt
Total Liabilities BOY$92,698TotalLiabilitiesBOYAmt
Total Liabilities EOY$318,226TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,211,417NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,778,258NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSEE SCHEDULE OMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,205,258ExpenseAmt
DescMIDDLE, HIGH SCHOOL, AND COLLEGE PROGRAMS AND SERVICES (SEE SCHEDULE O):Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$428,893ExpenseAmt
DescADMISSION AND PREP ACADEMY PROGRAM (SEE SCHEDULE O):Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$63,439ExpenseAmt
DescSUMMER OPPORTUNITIES (SEE SCHEDULE O):Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$1,697,590TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document30IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee30EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members19GoverningBodyVotingMembersCnt
Independent Voting Member19IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCTStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GINA LUCASBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2034870750PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE DOCK STREET NO 100AddressLine1Txt
CitySTAMFORDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06902ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeIndIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
GINA LUCAS
CHIEF EXECUTIVE OFFICER40.00Yes (X)$184,309$0$22,151
LYNN SORENSEN
DIRECTOR OF EDUCATION40.00$128,016$0$20,997Yes (X)
ROSA ORTIZ
DEPUTY DIRECTOR40.00$103,357$0$10,361Yes (X)
KEITH D GROSSMAN
CHAIR2.00Yes (X)$0$0$0Yes (X)
SUZANNE S CABOT
VICE CHAIR2.00Yes (X)$0$0$0Yes (X)
PAUL L TRIGGIANI
TREASURER2.00Yes (X)$0$0$0Yes (X)
JUDITH COLLINS
SECRETARY2.00Yes (X)$0$0$0Yes (X)
NEIL A AUGUSTINE
DIRECTOR2.00$0$0$0Yes (X)
MAXINE K ARMSTRONG
DIRECTOR2.00$0$0$0Yes (X)
KIM JEFFERY
DIRECTOR2.00$0$0$0Yes (X)
KIMBERLY CLARKE
DIRECTOR2.00$0$0$0Yes (X)
TRISH DAVIES
DIRECTOR2.00$0$0$0Yes (X)
SARA BARTOW
DIRECTOR2.00$0$0$0Yes (X)
TONI SUBRAMANIAM
DIRECTOR2.00$0$0$0Yes (X)
RODMAN TILT III
DIRECTOR2.00$0$0$0Yes (X)
HEATHER MOSLEY
DIRECTOR2.00$0$0$0Yes (X)
LISA A AHMAD
DIRECTOR2.00$0$0$0Yes (X)
STEPHEN TOY
DIRECTOR2.00$0$0$0Yes (X)
ALEXANDRE BETTAMIO
DIRECTOR2.00$0$0$0Yes (X)
LAUREN O'SHAUGHNESSY
DIRECTOR2.00$0$0$0Yes (X)
WILLIAM OGDEN
DIRECTOR2.00$0$0$0Yes (X)
NISHA HURST
DIRECTOR2.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$415,682TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$53,509TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K3IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$912,379FundraisingAmt
All Other Contributions$635,484AllOtherContributionsAmt
Noncash Contributions$136,985NoncashContributionsAmt
Total Contributions$1,547,863TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$64,922TotalRevenueColumnAmt
Exclusion$64,922ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$525,903SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$512,094SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$13,809SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$13,809TotalRevenueColumnAmt
Exclusion$13,809ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$239,610FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$912,379ContriRptFundraisingEventAmt
Fundraising Direct Expenses$171,947FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$67,663TotalRevenueColumnAmt
Exclusion$67,663ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,694,257TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$146,394ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$212,405TotalAmt
Program Services$182,531ProgramServicesAmt
Management And General$15,459ManagementAndGeneralAmt
Fundraising$14,415FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$857,466TotalAmt
Program Services$736,866ProgramServicesAmt
Management And General$62,409ManagementAndGeneralAmt
Fundraising$58,191FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$41,371TotalAmt
Program Services$35,552ProgramServicesAmt
Management And General$3,011ManagementAndGeneralAmt
Fundraising$2,808FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$46,383TotalAmt
Program Services$39,859ProgramServicesAmt
Management And General$3,376ManagementAndGeneralAmt
Fundraising$3,148FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$91,073TotalAmt
Program Services$78,264ProgramServicesAmt
Management And General$6,628ManagementAndGeneralAmt
Fundraising$6,181FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$822TotalAmt
Program Services$397ProgramServicesAmt
Management And General$71ManagementAndGeneralAmt
Fundraising$354FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$33,521TotalAmt
Program Services$16,201ProgramServicesAmt
Management And General$2,893ManagementAndGeneralAmt
Fundraising$14,427FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$18,251TotalAmt
Management And General$18,251ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$107,000TotalAmt
Program Services$51,715ProgramServicesAmt
Management And General$9,235ManagementAndGeneralAmt
Fundraising$46,050FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$17,680TotalAmt
Program Services$15,193ProgramServicesAmt
Management And General$1,287ManagementAndGeneralAmt
Fundraising$1,200FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$36,849TotalAmt
Program Services$33,164ProgramServicesAmt
Management And General$1,842ManagementAndGeneralAmt
Fundraising$1,843FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$183,107TotalAmt
Program Services$146,487ProgramServicesAmt
Management And General$23,804ManagementAndGeneralAmt
Fundraising$12,816FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$7,984TotalAmt
Program Services$6,289ProgramServicesAmt
Management And General$1,695ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtFundraisingFundraisingAmtManagement And GeneralManagementAndGeneralAmt
STUDENT PROGRAM & SVCS$354,428$354,428
FUNDRAISING$8,818$8,818
OTHER$3,888$644$1,032$2,212

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,021,046TotalAmt
Program Services$1,697,590ProgramServicesAmt
Management And General$152,173ManagementAndGeneralAmt
Fundraising$171,283FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$290,202BOYAmt
EOY$542,106EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$3,167,699BOYAmt
EOY$1,460,458EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$52,986BOYAmt
EOY$51,250EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$12,400BOYAmt
EOY$7,362EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$42,231LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$20,484LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$26,155BOYAmt
EOY$21,747EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$735,712BOYAmt
EOY$1,994,600EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$18,961BOYAmt
EOY$18,961EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$4,304,115BOYAmt
EOY$4,096,484EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$92,698BOYAmt
EOY$97,126EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$221,100EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$92,698BOYAmt
EOY$318,226EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,678,553BOYAmt
EOY$2,550,658EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,532,864BOYAmt
EOY$1,227,600EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,211,417BOYAmt
EOY$3,778,258EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,304,115BOYAmt
EOY$4,096,484EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$326,789ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$106,370NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,063,932CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,040,464CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,175,113CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,138,789CurrentTaxYearMinus1YearAmt
Current Tax Year$1,600,430CurrentTaxYearAmt
Total$8,018,728TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,063,932CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,040,464CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,175,113CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,138,789CurrentTaxYearMinus1YearAmt
Current Tax Year$1,600,430CurrentTaxYearAmt
Total$8,018,728TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$2,255,179SubstantialContributorsTotAmt
Public Support Total170$5,763,549PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$42,672CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$49,406CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$70,623CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$83,800CurrentTaxYearMinus1YearAmt
Current Tax Year$64,922CurrentTaxYearAmt
Total$311,423TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,665CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$47CurrentTaxYearMinus3YearsAmt
Total$1,712TotalAmt
FieldValueIRS element (for citing)
Total Support$8,331,863TotalSupportAmt
Public Support CY1700.69170PublicSupportCY170Pct
Public Support PY1700.68620PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$42,231OtherCostOrOtherBasisAmt
Depreciation$20,484DepreciationAmt
Book Value$21,747BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$21,747TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescPPP LOAN PAYABALEDesc
Amt$221,100Amt
FieldValueIRS element (for citing)
Total Liability$221,100TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$1,622,203TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$106,370NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$52,567DonatedServicesAndUseFcltsAmt
Revenue Not Reported-$53,803RevenueNotReportedAmt
Revenue Subtotal$1,676,006RevenueSubtotalAmt
Investment Expenses Not Incld$18,251InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$18,251RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,694,257TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,055,362TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$52,567DonatedServicesUseFcltsAmt
Expenses Not Reported$52,567ExpensesNotReportedAmt
Expenses Subtotal$2,002,795ExpensesSubtotalAmt
Investment Expenses Not Incld2$18,251InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$18,251ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,021,046TotalExpensesPerForm990Amt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event125TH ANNIV. EVENTEvent1Nm
Gross Receipts Event1$909,986GrossReceiptsEvent1Amt
Charitable Contri Event1$670,376CharitableContriEvent1Amt
Gross Revenue Event1$239,610GrossRevenueEvent1Amt
Non Cash Prizes Event1$16,235NonCashPrizesEvent1Amt
Rent Facility Costs Event1$3,187RentFacilityCostsEvent1Amt
Food And Beverage Event1$46,085FoodAndBeverageEvent1Amt
Entertainment Event1$6,250EntertainmentEvent1Amt
Other Direct Expenses Event1$74,727OtherDirectExpensesEvent1Amt
Event2ANNUAL BENEFIT LUNCHEONEvent2Nm
Gross Receipts Event2$237,654GrossReceiptsEvent2Amt
Charitable Contri Event2$237,654CharitableContriEvent2Amt
Other Direct Expenses Event2$12,410OtherDirectExpensesEvent2Amt
Other Events Total1OtherEventsTotalCnt
Gross Receipts Other Events$4,349GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$4,349CharitableContriOtherEventsAmt
Oth Direct Expnss Other Events$13,053OthDirectExpnssOtherEventsAmt
Gross Receipts Total$1,151,989GrossReceiptsTotalAmt
Charitable Contributions Tot$912,379CharitableContributionsTotAmt
Gross Revenue Total Events$239,610GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events$16,235NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events$3,187RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$46,085FoodAndBeverageTotalEventsAmt
Entertainment Total Events$6,250EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$100,190OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$171,947DirectExpenseSummaryEventsAmt
Net Income Summary$67,663NetIncomeSummaryAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonGINA LUCASPersonNm
TitleCHIEF EXECUTIVE OFFICERTitleTxt
Base Compensation Filing Org$184,309BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$13,144DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$9,007NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$206,460TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution9ContributionCnt
Noncash Contributions Rpt F990$125,903NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (4 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990Amt
Yes (X)FLOWERS7$5,175
Yes (X)JEWELRY2$4,235
Yes (X)SUPPLIES1$1,622
Yes (X)GIFT CARDS1$50
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III - LINE 1OUR MISSION: REACH PREP PROVIDES ACCESS TO TRANSFORMATIVE EDUCATIONAL EXPERIENCES THAT EMPOWER UNDERSERVED, HIGH-ACHIEVING STUDENTS TO GRADUATE FROM TOP COLLEGES AND EMERGE AS THE NEXT GENERATION OF LEADERS. WHAT WE DO: REACH PREP HELPS MOTIVATED AND TALENTED BLACK AND LATINO STUDENTS FROM UNDERSERVED COMMUNITIES IN FAIRFIELD AND WESTCHESTER COUNTIES AND THE BRONX GAIN ADMISSION TO AND THRIVE IN RIGOROUS INDEPENDENT SCHOOLS. UPON PLACEMENT, STUDENTS BENEFIT FROM A 12-YEAR EDUCATIONAL CONTINUUM, INCLUDING COMPREHENSIVE ACADEMIC ENRICHMENT, LEADERSHIP TRAINING AND SUPPLEMENTARY INDIVIDUAL AND FAMILY GUIDANCE, WHICH PREPARES THEM TO SUCCEED AT AND GRADUATE FROM COMPETITIVE COLLEGES. REACH PREP'S MODEL OF ACCESS TO HIGH-QUALITY EDUCATION ALONG WITH SUSTAINED, COMPREHENSIVE, AND LONG-TERM SUPPORT ACHIEVES COLLEGE SUCCESS RATES THAT DEFY TRENDS AND NATIONAL STATISTICS.
FORM 990, PART III, LINE 4AMIDDLE, HIGH SCHOOL, AND COLLEGE PROGRAMS AND SERVICES: REACH PREP PROVIDES ACADEMIC SUPPORT AND ENRICHMENT OPPORTUNITIES IN MIDDLE SCHOOL AND HIGH SCHOOL. A SCHOLAR'S ACADEMIC PROGRESS IS CLOSELY MONITORED AND NURTURED THROUGH PERSONALIZED CONTACT, SCHOOL VISITS AND GRADE LEVEL-SPECIFIC PROGRAMMING. A REACH PREP COUNSELOR SUPPORTS EACH SCHOLAR, IDENTIFYING AREAS IN WHICH REACH PREP CAN PROVIDE INDIVIDUALIZED GUIDANCE AND ACADEMIC SUPPORT SUCH AS TUTORING, TEST PREPARATION, MATH AND WRITING WORKSHOPS AND OTHER CRITICAL SUPPORT THAT PROMOTES SUCCESS. REACH PREP PROVIDES SUPPLEMENTARY AND COMPLIMENTARY COLLEGE GUIDANCE TO ENHANCE THE EXCELLENT COLLEGE GUIDANCE SCHOLARS RECEIVE FROM THEIR INDEPENDENT SCHOOLS. REACH PREP IS COMMITTED TO MAKE CERTAIN EACH SCHOLAR HAS THE BEST COLLEGE OPTIONS SO THAT THE FOAL OF COLLEGE COMPLETION WILL BE MET. SCHOLARS RECEIVE INDIVIDUALIZED AND FAMILY SUPPORT INCLUDING ASSISTANCE WITH THE APPLICATION PROCESS, SAT/ACT TEST AND INTERVIEW PREPARATION, COLLEGE CAMPUS TOURS, NAVIGATING THE FINANCIAL AID PROCESS, AND ULTIMATELY MAKING THE OPTIMAL COLLEGE CHOICE. REACH PREP'S GOAL IS TO PROVIDE ONGOING GUIDANCE FOR COLLEGE STUDENTS TO MAXIMIZE THEIR SUCCESS IN THEIR ACADEMIC AND PROFESSIONAL PURSUITS. REACH PREP ASSISTS COLLEGE SCHOLARS WITH RESUME PREPARATION, CAREER COUNSELING, NAVIGATING ACADEMIC RESOURCES, REFERRALS, AND PROFESSIONAL INTERNSHIPS. REACH PREP COLLEGE STUDENTS ARE ALSO INVITED TO RETURN AS INTERNS IN OUR OFFICE OR AS PREP ACADEMY SUMMER ADVISORS.
FORM 990, PART III, LINE 4BADMISSION AND PREP ACADEMY PROGRAM: REACH PREP IDENTIFIES HIGH-ACHIEVING, MOTIVATED BLACK AND LATINX FOURTH GRADE STUDENTS FROM UNDERSERVED COMMUNITIES IN FAIRFIELD AND WESTCHESTER COUNTIES AND THE BRONX. EACH YEAR, APPROXIMATELY 20 STUDENTS ARE ACCEPTED TO REACH PREP TO BEGIN THEIR 12-YEAR JOURNEY THROUGH OUR PROGRAM. THE NEWLY ACCEPTED COHORT ATTEND PREP ACADEMY, A RIGOROUS 15-MONTH ACADEMIC PROGRAM. PREP ACADEMY OFFERS ACADEMIC ENRICHMENT TAUGHT BY INDEPENDENT SCHOOL FACULTY. THIS INTENSIVE, INTERDISCIPLINARY PROGRAM IS DESIGNED TO PREPARE STUDENTS FOR THE ACADEMIC ENVIRONMENT THEY WILL ENCOUNTER WHEN ADMITTED TO AN INDEPENDENT SCHOOL. CLASSES MIRROR THE SMALL SIZE, ACCELERATED PACE AND HIGH EXPECTATIONS TYPICAL OF INDEPENDENT SCHOOL EDUCATION. PREP ACADEMY CLASSES MEET MONDAY THROUGH FRIDAY FOR SIX WEEKS DURING THE SUMMER AFTER FOURTH GRADE, AND THE SUMMER AFTER 5TH GRADE. THROUGHOUT THE FIFTH GRADE, REACH PREP GUIDES EACH FAMILY THROUGH THE INDEPENDENT SCHOOL ADMISSIONS PROCESS. THIS INCLUDES ASSISTANCE WITH THE APPLICATION, PREPARING SCHOLARS FOR THE INTERVIEW PROCESS, ISEE TESTING, AS WELL AS HELP WITH THE FINANCIAL AID APPLICATION.
FORM 990, PART III, LINE 4CSUMMER OPPORTUNITIES: REACH PREP STRIVES TO PROVIDE CONSTRUCTIVE AND ENRICHING SUMMER EXPERIENCES FOR SCHOLARS. THROUGH REACH PREP FACILITATED PROGRAMS AND SUMMER OPPORTUNITIES OFFERED BY GENEROUS PARTNERS, OUR GOAL IS TO PROVIDE TRANSFORMATIVE, AND OTHERWISE UNOBTAINABLE, EXPERIENCES FOR PERSONAL GROWTH, EARLY CAREER EXPLORATION, AND ACADEMIC ENRICHMENT. TYPES OF SUMMER OPPORTUNITIES REACH PREP OFFERS INCLUDE CAMPING, ARTS, OUTDOOR LEADERSHIP, VOLUNTEER ABROAD, INTERNSHIPS AND PRE-COLLEGIATE EXPERIENCES. IN FISCAL YEAR 2020, SUMMER OPPORTUNITIES WERE LIMITED DUE TO THE COVID-19 PANDEMIC.
FORM 990, PART VI, SECTION A, LINE 2SUZANNE SAMMIS CABOT, VICE-CHAIR HAS A FAMILY RELATIONSHIP WITH RODMAN TILT, III, DIRECTOR.
FORM 990, PART VI, SECTION A, LINE 8BNO COMMITTEE CAN ACT ON BEHALF OF THE GOVERNING BODY, EXCEPT IF A RESOLUTION IS ADOPTED BY A MAJORITY OF THE DIRECTORS AND DOCUMENTED IN SUBSEQUENT BOARD MEETING MINUTES.
FORM 990, PART VI, SECTION B, LINE 11BFORM 990 IS REVIEWED BY THE GOVERNING BOARD OF DIRECTORS OF REACH PREP, INC.; PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 12CREACH PREP REQUIRES ALL DIRECTORS AND KEY EMPLOYEES TO READ THE CONFLICT OF INTEREST POLICY AND SIGN THE DISCLOSURE STATEMENT ANNUALLY.
FORM 990, PART VI, SECTION B, LINE 15REACH PREP'S COMPENSATION COMMITTEE IS COMPOSED OF THE BOARD OF DIRECTORS' CHAIR, TREASURER AND SECRETARY WHO REVIEW AND APPROVE COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER AND STAFF.
FORM 990, PART VI, SECTION C, LINE 19REACH PREP'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.

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