2015-08-17T10:33:48-05:00 2014-12-31 472778070 MANGER & ASSOCIATE CPAS PC 295 MADISON AVENUE SUITE 901 NEW YORK NY 10017 990 2014-01-01 010599150 REACHING U A FOUNDATION FOR URUGUAY REAC 9175430208 PO BOX 453935 MIAMI FL 33245 FERNANDA GULIAK EXECUTIVE DIRECTOR 9175430208 2015-08-19 1 ROBERT L MANGER P01593286 2129863025 2015-08-13 2014 2016-02-25 16:41:14Z X FERNANDA GULIAK PO BOX 453935 MIAMI FL 33245 5690002 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. 27 27 0 95 0 0 646543 5570097 0 0 25 39 -25565 -221599 621003 5348537 328553 904629 0 0 104514 108097 0 0 52106 49096 62580 482163 1075306 138840 4273231 736946 5083252 43398 116473 693548 4966779 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 970093 904629 5566 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. 970093 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 27 27 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 ARAMIS R CORDAL DIRECTOR 1.00 X 0 0 0 BEATRIZ PONCE DE LEON TREASURER 3.00 X X 0 0 0 CARLOS FEDRIGOTTI DIRECTOR 3.00 X 0 0 0 CECILIA DE TORRES DIRECTOR 1.00 X 0 0 0 CLARA GIAMBRUNO DIRECTOR 1.00 X 0 0 0 EMILIO ORIBE DIRECTOR 0.50 X 0 0 0 FEDERICO RAVAZZANI DIRECTOR 1.00 X 0 0 0 IDEAL ZANELLI DIRECTOR 1.00 X 0 0 0 JOSE SILVEIRA DIRECTOR 3.00 X 0 0 0 MARTIN WEINSTEIN DIRECTOR 1.00 X 0 0 0 NEVINA PULIDO DIRECTOR 0.50 X 0 0 0 NICOLAS STANHAM DIRECTOR 3.00 X 0 0 0 PABLO MILBURN DIRECTOR 0.50 X 0 0 0 PILAR SANCHEZ VARELA DIRECTOR 0.50 X 0 0 0 RICARDO SALMON VICE CHAIRMAN 3.00 X X 0 0 0 VERONICA ALONSO DIRECTOR 0.50 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 52727 0 0 52727 0 0 0 0 0 0 0 X 946325 4623772 12970 5570097 39 39 114300 946325 341465 -227165 -227165 MISCELLANEOUS 900099 5566 5566 5566 5348537 5566 0 -227126 904629 904629 52727 26363 13182 13182 47660 23830 11915 11915 7710 3856 1927 1927 19175 19175 5978 1202 4776 14598 14598 11614 5808 2902 2904 1772 886 443 443 BANK CHARGES 9443 4721 2361 2361 1075306 970093 53107 52106 681424 2837991 25693 25711 29829 2219550 736946 5083252 43398 116473 43398 116473 X 650609 1052652 42939 3914127 693548 4966779 736946 5083252 4273231 0 X X 0 1 X 1 0 X 369634 291746 528143 494978 5609646 7294147 40500 45500 92900 126000 114300 419200 410134 337246 621043 620978 5723946 7713347 5250 20905 19385 59950 198000 303490 117363 104820 302880 101200 96204 722467 122613 125725 322265 161150 294204 1025957 6687390 282 66 51 25 39 463 282 66 51 25 39 463 1158 1320 5567 8045 410416 338470 622414 621003 5729552 7721855 0.86600 0.94670 0.00010 0.00050 X SCHEDULE A, PART IV, LIST OF UNUSUAL GRANTS: DESCRIPTION: TO BUILD A FREE HIGH SCHOOL AT THE CENTRO EDUCATIVO ESPIGAS DATE: 08/06/14 AMOUNT: 4432100. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 5388086 39548 39548 5348538 0 5348538 1114854 39548 39548 1075306 0 1075306 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, 2011, 2012, AND 2013, ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. 0 SOUTH AMERICA - ARGENTINA, BOLIVIA, 1 5 GRANTS TO CHARITABLE ORGANIZATIONS LOCATED IN URUGUAY 904629 1 5 0 0 1 5 904629 0 904629 SOUTH AMERICA - ARGENTINA, BOLIVIA, EXTRA-CURRICULAR EDUCATION FOR YOUTHS LIVING IN A SITUATION OF SOCIAL VULNERABILITY; IMPROVE READING AND WRITING SKILS OF STUDENTS WITH LEARNING DISABILITIES. 45000 WIRE TRANSFER SOUTH AMERICA - ARGENTINA, BOLIVIA, GET AHEAD PROGRAM PROVIDING SCHOLARSHIPS TO TEENS. 18930 WIRE TRANSFER SOUTH AMERICA - ARGENTINA, BOLIVIA, AFTER-SCHOOL EDUCATIONAL AND PSYCHOLOGICAL SUPPORT FOR CHILDREN LIVING IN THE LOCAL AREA. INCLUDES SALARIES OF 2 TEACHERS, A PSYCHOLOGIST AND A COORDINATOR TEACHER 20441 WIRE TRANSFER SOUTH AMERICA - ARGENTINA, BOLIVIA, SCHOLARSHIPS AND JOB TRAINING WORKSHOPS FOR THE LOCAL HIGH SCHOOL STUDENTS. 55843 WIRE TRANSFER SOUTH AMERICA - ARGENTINA, BOLIVIA, HIGH SCHOOL SUPPORT 26977 WIRE TRANSFER SOUTH AMERICA - ARGENTINA, BOLIVIA, TRAINING WORKSHOPS AND HIGH SCHOOL SUPPORT 30665 WIRE TRANSFER SOUTH AMERICA - ARGENTINA, BOLIVIA, ACADEMIC SUPPORT FOR HIGH SCHOOL STUDENTS, EARLY CHILDHOOD EDUCATION AND SPECIALISTS FOR THE AFTER SCHOOL PROGRAM 36220 WIRE TRANSFER SOUTH AMERICA - ARGENTINA, BOLIVIA, PSYCHOMOTOR AND READING SKILLS PROGRAM 20592 WIRE TRANSFER SOUTH AMERICA - ARGENTINA, BOLIVIA, LEARNING CENTER 35000 WIRE TRANSFER SOUTH AMERICA - ARGENTINA, BOLIVIA, SUPPORT THE SOCIAL, ECONOMIC, AND CULTURAL DEVELOPMENT OF ADOLESCENTS 16000 WIRE TRANSFER SOUTH AMERICA - ARGENTINA, BOLIVIA, HEALTH PROGRAM 22604 WIRE TRANSFER SOUTH AMERICA - ARGENTINA, BOLIVIA, ACADEMIC SUPPORT FOR TEENAGERS 10200 WIRE TRANSFER SOUTH AMERICA CONSTRUCTION OF HIGH SCHOOL IN THE ESPIGAS EDUCATION CENTER IN URUGUAY 434873 WIRE TRANSFER 13 0 0 0 0 0 0 NY FUNDRAISER 667804 585304 82500 74354 91433 UY FUNDRAISER 273530 241730 31800 21499 53699 4 119291 119291 13347 87133 1060625 946325 114300 87701 21499 232265 341465 -227165 X 54 330210 AUCTION VALUE X 16360 AUCTION VALUE X 1125 12970 FAIR MARKET VALUE X REST/EXPERIENCE CERTS 13 7015 AUCTION VALUE X VACATION RENTALS 6 5350 AUCTION VALUE X OTHER 2 500 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 IS CURRENTLY IN THE PROCESS OF REVIEWING AND UPDATING ITS CONFLICT OF INTEREST POLICY AND, AS OF THE YEAR ENDING DECEMBER 31, 2015, WILL 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, 2014, REACHING U CONDUCTED SEVERAL SUCCESSFUL FUNDRAISING EVENTS, GENERATING CONTRIBUTION REVENUE TOTALING $946,325. 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 $227,165 BUT AN OVERALL NET GAIN OF $719,160. 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. FORM 990, PART VI, SECTION B, LINE 10B: REACHING U HAS AN ORGANIZATION-WIDE POLICES AND PROCEDURES MANUAL WHICH MUST BE COMPLIED WITH, BY ALL BRANCH LOCATIONS. PROCEDURES ARE MONITORED BY HOME OFFICE MANAGEMENT. FORM 990, PART VI, SECTION B, LINES 12, 13 AND 14: POLICIES REGARDING DOCUMENT RETENTION, CONFLICT OF INTEREST, AND WHISTLE BLOWER POLICIES ARE CURRENTLY BEING DEVELOPED WITH EXPECTED COMPLETION AND IMPLEMENTATION DURING THE 2015 CALENDAR YEAR.