2020-11-16T12:36:16-08:00 2019-12-31 132696850 Gruber Palumberi Raffaele Fried CPAs PC 7 Penn Plaza Suite 310 New York NY 10001 990 2019-01-01 010599150 REACHING U A FOUNDATION FOR URUGUAY REAC 7862522428 PO BOX 490522 KEY BISCAYNE FL 33149 FERNANDA GULIAK Executive Director 2020-11-16 true Robert L Manger P01593286 2125860800 2019 2021-01-29 14:40:06Z X FERNANDA GULIAK PO BOX 490522 KEY BISCAYNE FL 33149 937605 false X WWW.REACHINGU.ORG X 2001 NY TO PROMOTE INITIATIVES AND STRENGTHEN ORGANIZATIONS THAT OFFER EDUCATIONAL OPPORTUNITIES SO THAT ALL URUGUAYANS LIVING IN POVERTY CAN DEVELOP THEIR FULL POTENTIAL. 14 14 0 100 0 1527441 893005 0 52 0 -77594 -150948 1449899 742057 2625724 541618 0 192954 195748 0 53399 30109 42673 2848787 780039 -1398888 -37982 1200941 1163874 32822 33737 1168119 1130137 THE MISSION OF REACHING U IS TO PROMOTE INITIATIVES AND STRENGTHEN ORGANIZATIONS THAT OFFER EDUCATIONAL OPPORTUNITIES SO THAT ALL URUGUAYANS LIVING IN POVERTY CAN DEVELOP THEIR FULL POTENTIAL. false false 639678 541618 PROVIDED DONATIONS TO VARIOUS EDUCATIONAL AND MEDICAL FACILITIES IN URUGUAY TO FUND: TEACHERS AND PSYCHOLOGISTS FOR AFTER-SCHOOL ACTIVITES FOR STUDENTS, WORKSHOPS FOR TEENAGERS, CERTAIN MEDICAL PROJECTS, IMPROVEMENT OF FACILITIES, UPGRADING EQUIPMENT AND REPAIRING INFRASTRUCTURE. 639678 true true false false false false false false false false false false false false false true true false false true true true false false true false false false false false false false false false false false false false true true false false false false false false false true 4 0 true 0 false true OC false false false true true false 0 false false false false false false false X 14 14 true false true false false false false true true false false true true true true true true true true false CA NY X X X THE ORGANIZATION 7862522428 PO BOX 490522 KEY BISCAYNE FL 33149 FERNANDA GULIAK Executive Dir. 40.00 0.00 X 65717 0 0 CARLOS E MARTINEZ President 3.00 0.00 X X 0 0 0 ANA INES BALSA Director 1.00 0.00 X 0 0 0 INES BONICELLI Director 1.00 0.00 X 0 0 0 CLARA GIAMBRUNO Director 1.00 0.00 X 0 0 0 PABLO HABERER Director 1.00 0.00 X 0 0 0 BEATRIZ PONCE DE LEON Vice President 3.00 0.00 X X 0 0 0 FEDERICO RAVAZZANI Director 1.00 0.00 X 0 0 0 GABRIEL ROZMAN Director 1.00 0.00 X 0 0 0 RICARDO SALMON Director 1.00 0.00 X 0 0 0 NICOLAS SEIGAL VP & Treasurer 3.00 0.00 X X 0 0 0 ALVARO STAINFELD Director 1.00 0.00 X 0 0 0 NICOLAS STANHAM Director 1.00 0.00 X 0 0 0 ROMAN VINOLY Director 1.00 0.00 X 0 0 0 ROBERT WEISZ Director 1.00 0.00 X 0 0 0 65717 0 false false false 0 664693 228312 202543 893005 0 0 0 0 0 0 44600 664693 195548 -150948 0 0 0 742057 0 0 541618 541618 0 65717 32859 16429 16429 0 108455 54227 27114 27114 0 0 21576 10788 5394 5394 0 0 15196 15196 0 0 0 5194 5194 1838 1838 602 602 0 0 0 4605 4605 0 0 0 0 0 2773 186 2494 93 MISCELLANEOUS 7704 7704 BANK CHARGE & PROCESSING FEES 2950 419 2531 TELEPHONE & INTERNET 791 791 LICENSES AND FEES 738 738 282 282 780039 639678 86962 53399 1103791 1090850 0 0 95650 73024 0 0 0 0 1500 0 0 0 0 0 0 0 1200941 1163874 32822 28752 4985 32822 33737 X 1137171 1066189 30948 63948 1168119 1130137 1200941 1163874 -37982 X false true X true false X 1667087 1756081 4570931 1527441 893005 10414545 131726 104247 92670 85158 44600 458401 0 0 0 1798813 1860328 4663601 1612599 937605 10872946 134271 115545 105420 79383 99935 534554 785438 937777 3671782 990386 188492 6573875 919709 1053322 3777202 1069769 288427 7108429 3764517 3 6 6 52 67 0 3 6 6 52 67 0 3 4604 4607 1798819 1864938 4663607 1612651 937605 10877620 0.34610 0.54530 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 937605 195548 195548 742057 742057 975587 195548 195548 780039 780039 Part X : FIN48 Footnote Reaching U has adopted Accounting Standards Codification 740 ("ASC 740") "Income Taxes." ASC 740 requires that a tax position be recognized or derecognized based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in a tax return. The implementation of ASC 740 did not have an impact on the foundation's tax-exempt status or on its financial statements. Reaching U currently has procedures in place to ensure the maintenance of its tax-exempt status. These include identifying and reporting unrelated business income, determining and meeting its filing and tax obligations in jurisdictions in which it operates. The organization's management does not believe its financial statements include any uncertain tax positions.Reaching U's Forms 990, Return of Organization Exempt for Income Tax, for the years ended December 31, 2016, 2017, and 2018, are subject to examination by the IRS, generally for three years after they were filed. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 FUNDRAISING EVENTS DIRECT EXPENSES $195548 Part XII, Line 2d: Other expenses and losses per audited F/S FUNDRAISING EVENTS DIRECT EXPENSES $195548 true SOUTH AMERICA 0 0 GRANT TO RECIPIENTS 541618 SOUTH AMERICA 1 4 PROGRAM SERVICES SALARIES AND RELATED COSTS 195748 SOUTH AMERICA 0 0 PROGRAM SERVICES TRAVEL EXPENSES 4535 SOUTH AMERICA 0 0 FUNDRAISING 76739 SOUTH AMERICA 0 0 PROGRAM SERVICES BANK FEES 828 SOUTH AMERICA 0 0 PROGRAM SERVICES CONSULTING 2131 SOUTH AMERICA 0 0 PROGRAM SERVICES OTHERS 4744 SOUTH AMERICA 0 0 PROGRAM SERVICES INSURANCE 371 1 4 1 4 826714 826714 SOUTH AMERICA SEE PART V 10000 WIRE XFER SOUTH AMERICA SEE PART V 10228 WIRE XFER SOUTH AMERICA SEE PART V 103281 WIRE XFER SOUTH AMERICA SEE PART V 14355 WIRE XFER SOUTH AMERICA SEE PART V 15001 WIRE XFER SOUTH AMERICA SEE PART V 15594 WIRE XFER SOUTH AMERICA SEE PART V 17826 WIRE XFER SOUTH AMERICA SEE PART V 18000 WIRE XFER SOUTH AMERICA SEE PART V 18500 WIRE XFER SOUTH AMERICA SEE PART V 20356 WIRE XFER SOUTH AMERICA SEE PART V 25000 WIRE XFER SOUTH AMERICA SEE PART V 27000 WIRE XFER SOUTH AMERICA SEE PART V 29000 WIRE XFER SOUTH AMERICA SEE PART V 30000 WIRE XFER SOUTH AMERICA SEE PART V 30726 WIRE XFER SOUTH AMERICA SEE PART V 32000 WIRE XFER SOUTH AMERICA SEE PART V 44125 WIRE XFER SOUTH AMERICA SEE PART V 5000 WIRE XFER SOUTH AMERICA SEE PART V 54450 WIRE XFER SOUTH AMERICA SEE PART V 7744 WIRE XFER SOUTH AMERICA SEE PART V 9632 WIRE XFER 21 false false false false false false Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US The projects supported by Reaching U are all located in Uruguay and ran by public and private organizations.- In Uruguay, Reaching U's staff as well our team of volunteers conducts the evaluations of the projects. The projects financed by Reaching U are selected following a thorough evaluation process and approved by our board at the end of the year. - We also receive "earmarked donations" to support specific projects selected by the donor, within Reaching U's mission.- All projects in our portfolio, whether selected by Reaching U or by the donor, are assigned to a person in charge, in many cases volunteers, who monitors their performance. - Once the project is selected and approved by the board, an agreement is signed between the Reaching U and the grantee in which the objectives, budget, and compliance terms are established.- When the term of the agreement for the project ends, a final analysis to assess the use of funds and compliance with objectives is done. X X X X X X false NEW YORK GALA 266919 253519 13400 49244 33120 MONTEVIDEO GALA 161516 137416 24100 15950 34242 4 280858 273758 7100 7540 20769 34683 709293 664693 44600 7540 85963 102045 195548 -150948 X 39 137305 AUCTION VALUE X 22150 AUCTION VALUE X 2663 FMV X REST/EXPERIENCE 1 10500 AUCTION VALUE X REST/EXPERIENCE 1 5000 AUCTION VALUE X VACATION RENTAL 18 7090 AUCTION VALUE X REST/EXPERIENCE 54 16850 AUCTION VALUE X OTHER 7 985 AUCTION VALUE false false false Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et The Treasurer NICOLAS SEIGAL AND the board member ANA Ines BALSA ARE FAMILY MEMBERS. Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents THE BY-LAWS OF REACHING U HAVE BEEN AMENDED AND RESTATED IN ORDER TO, AMONG OTHER THINGS, AND THE SIGNIFICANT CHANGES ARE AS FOLLOWS: Article II - Section 1. Powers and DutiesAddition of "(iv)Nominate new individuals as potential new members of the Board of Directors of the Corporation, subject to the election of the Board of Directors, as set forth herein".Article II - Section 3. Election and Term of OfficeDirectors shall be elected to hold office for a term of two years that ends on December 31st, and shall continue in office until his or her successor shall have been elected and qualified, or his or her death, resignation or removal. To become a Director, a person shall be nominated by a Director and elected with the affirmative vote of a majority of the Directors then in office. Directors may be elected and serve for any number of consecutive or non-consecutive terms.Article II - Section 5. RemovalRemoval of "duly convened".Article II - Section 7. Vacancies and Newly Created DirectorshipsRemoval of "duly convened".Article II - Section 8. MeetingsAddition of "The Board must meet at least twice a year". Article II - Section 9Removal of "with receipt confirmed".Article II - Section 10. Quorum and Voting.Removal of "duly convened".Article III - Section 1. Number and QualificationsRemoval of "duly convened".Article III - Section 2. Election and Term of OfficeThe Officers of the Corporation shall be elected with the affirmative vote of a majority of the Directors then in office for a term of two years that ends on December 31st , and each shall continue in office until his or her successor shall have been elected and qualified, or until his or her death, resignation or removal. The President of the Corporation may not serve or be elected to serve for two consecutive terms, although the President is allowed to serve without limitation for more than one term, as long as the terms are not consecutive.Article III - Section 3. Employees and Other AgentsRemoval of "duly convened".Article III - Section 4. RemovalRemoval of "duly convened".Article III - Section 5. VacanciesRemoval of "duly convened".Article III - Section 8. Secretary: Powers and DutiesAddition of "such as communicating with the Directors".Article III - Section 9. Treasurer: Powers and DutiesAddition of "investments and financial reserves of the Corporation".Article IV (a)Executive CommitteeAddition of "or electronic email" and removal of "with receipt confirmed".Article IV (b)Addition of "The Executive Committee shall inform the Board of Directors of material matters discussed and decided by them. Audit Committee. An Audit Committee which shall consist of at least three (3) Directors. The other members of the Audit Committee shall be appointed by the President, subject to the approval of the Board. The Audit Committee shall review and advise the Treasurer and the Board in regard to processes for investments, preparation of the annual budget, auditing of the financial statements of the Corporation, implementation and functioning of the internal control mechanisms and compliance with the Corporations policies", and removed of "duly convened and Finance Committee. A Finance Committee which shall consist of at least three (3) Directors, one of whom shall be the Treasurer who shall serve as President of such committee. The other members of the Finance Committee shall be appointed by the President, subject to the approval of the Board. The Finance Committee shall advise the Treasurer and the Board in regard to the investments and general fiscal policy of the Corporation".(b)At each meeting of the Executive Committee at least one-third of the members (including the President of the Board) of the entire Executive Committee but not less than two members (including the President of the Board) shall constitute a quorum. At any meeting of the Executive Committee at which a quorum is present, the affirmative vote of a majority of the members present at the time of the vote at a meeting (which must include the affirmative vote of the President of the Board) shall be the act of the Executive Committee. The Executive Committee shall inform the Board of Directors of material matters discussed and decided by them. Audit Committee. An Audit Committee which shall consist of at least three (3) Directors. The other members of the Audit Committee shall be appointed by the President, subject to the approval of the Board. The Audit Committee shall review and advise the Treasurer and the Board in regard to processes for investments, preparation of the annual budget, auditing of the financial statements of the Corporation, implementation and functioning of the internal control mechanisms and compliance with the Corporations policies.Article IV (c)Addition of "members of" and removal of "by" and "on". Form 990, Part VI, Line 11b: Form 990 Review Process The organization's Form 990 is reviewed and approved at board meetings before the documents are filed with the IRS. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Reaching U's conflicts of interest policy is set forth in its bylaws. Board members and officers are aware of our conflicts of interest policy and the board members are reminded of it annually at a board meeting. On matters up for approval by the board of directors or its executive committee, a conflicted board member is required to recuse himself/herself. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management It is analyzed and approved by the board members during Board meetings. Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection REACHING U'S FORM 990 ALSO AVAILABLE AT WWW.GUIDESTAR.ORG. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available THE ORGaNIZATION'S AUDITED FINANCIAL STATEMENTS AS WELL AS Governing documents are made available to the public UPON WRITTEN REQUEST.