2016-08-15T09:04:52-05:00 2015-12-31 472778070 MANGER & ASSOCIATE CPAS PC 295 MADISON AVENUE SUITE 901 NEW YORK NY 10017 990 2015-01-01 010599150 REACHING U A FOUNDATION FOR URUGUAY REAC 9175430208 PO BOX 453935 MIAMI FL 33245 FERNANDA GULIAK EXECUTIVE DIRECTOR 9175430208 2016-08-08 1 ROBERT L MANGER P01593286 2129863025 2016-08-08 2015 2016-09-27 15:27:22Z FERNANDA GULIAK PO BOX 453935 MIAMI FL 33245 1798819 0 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. 18 18 0 90 0 0 5570097 1667087 0 0 39 3 -221599 -144789 5348537 1522301 904629 4117989 0 0 108097 168877 0 0 74896 62580 72694 1075306 4359560 4273231 -2837259 5083252 2238830 116473 109310 4966779 2129520 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. 0 0 4211379 4117989 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. 4211379 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 UY 0 0 0 1 1 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 NY X X THE ORGANIZATION 9175430208 PO BOX 453935 MIAMI FL 33245 ALVARO STAINFELD CHAIRPERSON 10.00 X X 0 0 0 INES BONICELLI DIRECTOR 1.00 X 0 0 0 ANA BALSA DIRECTOR 4.00 X 0 0 0 BEATRIZ PONCE DE LEON TREASURER 3.00 X X 0 0 0 CLARA GIAMBRUNO DIRECTOR 1.00 X 0 0 0 FEDERICO RAVAZZANI DIRECTOR 1.00 X 0 0 0 JOSE SILVEIRA DIRECTOR 3.00 X 0 0 0 NICOLAS STANHAM DIRECTOR 3.00 X 0 0 0 PABLO MILBURN DIRECTOR 0.50 X 0 0 0 RICARDO SALMON VICE CHAIRMAN 3.00 X X 0 0 0 BETTINA BERGENGRUEN DIRECTOR 1.00 X 0 0 0 NICOLAS SEIGAL DIRECTOR 1.00 X 0 0 0 ROBERT WEISZ DIRECTOR 3.00 X 0 0 0 PABLO HABERER DIRECTOR 2.00 X 0 0 0 CARLOS MARTINEZ DIRECTOR 3.00 X 0 0 0 IGNACIO PAKCIARZ DIRECTOR 1.00 X 0 0 0 GABRIEL ROZMAN DIRECTOR 1.00 X 0 0 0 ROMAN VINOLY DIRECTOR 1.00 X 0 0 0 FERNANDA GULIAK EXECTIVE DIRECTOR 40.00 X 55962 0 0 55962 0 0 0 0 0 0 0 X 896065 771022 6320 1667087 3 3 131726 896065 276518 -144792 -144792 MISCELLANEOUS 900099 3 3 3 1522301 3 0 -144789 4117989 4117989 52727 26363 13182 13182 62460 31230 15615 15615 53690 26846 13422 13422 12515 12515 18763 14072 4691 23507 23507 5357 2675 1341 1341 4896 2448 1224 1224 BANK CHARGES AND PROCES 7656 3828 1914 1914 4359560 4211379 73285 74896 2837991 2094616 25711 25714 2219550 118500 5083252 2238830 116473 109310 116473 109310 X 1052652 1248290 3914127 881230 4966779 2129520 5083252 2238830 -2837259 0 X X 0 1 X 1 0 X 291746 528143 494978 5609646 1754666 8679179 45500 92900 126000 114300 131726 510426 337246 621043 620978 5723946 1886392 9189605 20905 19385 59950 198000 134271 432511 104820 302880 101200 96204 171313 776417 125725 322265 161150 294204 305584 1208928 7980677 66 51 25 39 3 184 66 51 25 39 3 184 1158 1320 5567 3 8048 338470 622414 621003 5729552 1886398 9197837 0.86770 0.86600 0.00000 0.00010 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: TO BUILD A FREE HIGH SCHOOL AT THE CENTRO EDUCATIVO ESPIGAS AMOUNT: 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 1886398 87579 276518 364097 1522301 0 1522301 4723657 87579 276518 364097 4359560 0 4359560 PART X, LINE 2: 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, 2012, 2013, AND 2014, ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENTS 276,518. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENTS DIRECT EXPENSES 276,518. 0 SOUTH AMERICA 1 4 GRANTS TO CHARITABLE ORGANIZATIONS LOCATED IN URUGUAY 4117989 1 4 0 0 1 4 4117989 0 4117989 SOUTH AMERICA AFTER SCHOOL PROGRAMS FOR CHILDREN AND ADOLESCENTS. LEARNING SUPPORT AND SPECIALISTS TREATMENTS IN THE AREAS OF PSYCHOPEDAGOGY, PSYCHOMOTOR LEARNING, SPEECH THERAPY, PSYCHOLOGY AND PSYCHIATRY. 14128 WIRE TRANSFER SOUTH AMERICA DEVELOPMENT OF SOCIAL-EMOTIONAL SKILLS IN EARLY EDUCATION CHILDREN AND TO PROVIDE TOOLS FOR EARLY EDUCATION TEACHERS AT 10 PUBLIC SCHOOLS. 24000 WIRE TRANSFER SOUTH AMERICA AFTER-SCHOOL EDUCATIONAL AND PSYCHOLOGICAL SUPPORT FOR CHILDREN AND ADOLESCENTS LIVING IN THE LOCAL AREA. PROGRAM TO IMPROVE READING IN A PUBLIC SCHOOL. 22600 WIRE TRANSFER SOUTH AMERICA STRENGTHENING LEARNING PROCESSES FOR HIGH SCHOOL STUDENTS. 34131 WIRE TRANSFER SOUTH AMERICA STRENGTHENING LEARNING PROCESSES. AFTER SCHOOL PROGRAM FOR CHILDREN. 24883 WIRE TRANSFER SOUTH AMERICA STRENGTHENING THE LEARNING SKILLS OF PRESCHOOLERS, CHILDREN AND ADOLESCENTS WHO PARTICIPATE IN GURISAES AFTER SCHOOLS PROGRAMS. 20839 WIRE TRANSFER SOUTH AMERICA ACADEMIC SUPPORT FOR HIGH SCHOOL STUDENTS, EARLY CHILDHOOD EDUCATION AND SPECIALISTS FOR THE AFTER SCHOOL PROGRAM. 36220 WIRE TRANSFER SOUTH AMERICA MULTIDISCIPLINARY APPROACH AT PUBLIC SCHOOL TO PROMOTE THE EDUCATIONAL CONTINUITY. 24968 WIRE TRANSFER SOUTH AMERICA MULTIPURPOSE ROOM CONSTRUCTION. STIMULATION AND PROMOTION OF LEARNING IN CHILDREN(AFTER SCHOOL PROGRAMS) AND ADOLESCENTS (HIGH SCHOOL PROGRAMS). 60033 WIRE TRANSFER SOUTH AMERICA WORKSHOPS FOR CHILDREN AT PUBLICS SCHOOLS. EDUCATION THROUGH THE ART. 23350 WIRE TRANSFER SOUTH AMERICA QUALITY TEACHERS IN PUBLIC HIGH SCHOOLS. 25000 WIRE TRANSFER SOUTH AMERICA ACADEMIC SUPPORT FOR PUBLIC HIGH SCHOOL STUDENTS. 12200 WIRE TRANSFER SOUTH AMERICA CONSTRUCTION OF HIGH SCHOOL IN THE ESPIGAS EDUCATION CENTER IN URUGUAY. 3615698 WIRE TRANSFER SOUTH AMERICA LEARNING EVALUATION OF THE CHILDREN PARTICIPATING IN THE AFTER SCHOOL PROGRAMS FUNDED BY REACHING U. 9100 WIRE TRANSFER SOUTH AMERICA COACHING AND SUPPORT FOR HIGH SCHOOL STUDENTS WITH OUTSTANDING ACADEMIC PERFORMANCE. 18552 WIRE TRANSFER SOUTH AMERICA SCHOLARSHIPS AND LEARNING SUPPORT FOR CHILDREN (SCHOOL). LEARNING SUPPORT FOR ADOLESCENTS (AFTER SCHOOL PROGRAM). 41054 WIRE TRANSFER SOUTH AMERICA STRENGTHENING LEARNING PROCESSES. FE Y ALEGR A AFTER SCHOOL PROGRAMS FOR CHILDREN. 44129 WIRE TRANSFER SOUTH AMERICA SOCIAL-EMOTIONAL HEALTH PROGRAM TO DEAL WITH ANXIETY, VIOLENCE AND LACK OF INTEREST IN PUBLIC SCHOOLS. 13330 WIRE TRANSFER 18 0 0 0 0 0 0 NEW YORK 372990 294240 78750 30987 48079 15519 MONTEVIDEO 435812 382836 52976 6454 12604 124613 4 218989 218989 8036 9130 21096 1027791 896065 131726 45477 69813 161228 276518 -144792 X 80 291720 AUCTION VALUE X 30460 AUCTION VALUE X 6320 FAIR MARKET VALUE X REST/EXPERIENCE CERTS 33 13985 AUCTION VALUE X VACATION RENTALS 25 11761 AUCTION VALUE X OTHER 5 1240 AUCTION VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S FORM 990 IS REVIEWED AND APPROVED AT BOARD MEETINGS BEFORE THE DOCUMENTS ARE FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12 REACHING U REQUIRE ITS BOARD MEMBERS TO DISCLOSE AND AFFIRM WHETHER OR NOT S/HE HAS A CONFLICT OF INTEREST. THE ORGANIZATION IS ALSO IN THE PROCESS OF ADOPTING WHISTELBLOWER AND DOCUMENT RETENTION POLICIES IN 2015. FORM 990, PART VI, SECTION C, LINE 18 REACHING U'S ANNUAL AND OTHER PERIODIC FILING REPORTS SUBMITTED TO RESPECTIVE FEDERAL AND STATE TAX AUTHORITIES ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS AS WELL AS GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART VIII, LINE 8C AND SCHEDULE G, PART II, LINE 11 THE PROPER COMPLETION OF THE FORM 990 REQUIRES ORGANIZATIONS TO REPORT THE ACTIVITY FROM FUNDRAISING EVENTS THAT SUBSTANTIALLY FURTHER THE ORGANIZATION'S EXEMPT PURPOSE IN PART VIII, LINE 8C AND FORM 990, SCHEDULE G, PART II, LINE 11. FUNDRAISING EVENTS OFTEN GENERATE BOTH CONTRIBUTIONS AND INCOME, SUCH AS WHEN AN INDIVIDUAL PAYS MORE THAN THE RETAIL VALUE FOR THE GOODS OR SERVICES FURNISHED. DURING THE YEAR ENDED DECEMBER 31, 2015, REACHING U CONDUCTED SEVERAL SUCCESSFUL FUNDRAISING EVENTS, GENERATING CONTRIBUTION REVENUE TOTALING $896,065. THIS CONTRIBUTION REVENUE IS REQUIRED TO BE REPORTED ON PART VIII, LINE 1C OF THE FORM 990 AS CONTRIBUTIONS FROM FUNDRAISING EVENTS PER THE IRS INSTRUCTIONS. THIS RESULTED IN A LOSS FROM FUNDRAISING EVENTS IN THE AMOUNT OF $144,792 BUT AN OVERALL NET GAIN OF $751,273. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS OF REACHING U IS RESPONSIBLE FOR THE SELECTION OF AN INDEPENDENT AUDITOR AND OVERSIGHT OF THE AUDIT. THE BOARD REVIEWS THE RESULTS OF THE AUDIT AND ANY RECOMMENDATIONS. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.