Reach Memphis FY2023 filing

Tax-deductible

Memphis, TN501(c)(3)EducationEIN 26-0501434Revenue $464K in FY2023

On file with the IRSmemphisprepprogram.org4646 Poplar Ave Ste 327, 38117-4442 · Memphis, TNTax-exempt since Nov 2007Publicly supported charity — 170(b)(1)(A)(vi)

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REACH Memphis works with high achieving students in Shelby County public schools to prepare them for, and successfully transition to college.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$88K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $100K a year · 25% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$88K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 14 voting members
Looks good: 13 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$464K
+46% vs prior year
Spent
$484K
To programs
79%
Net assets
$1.0M
By yearFY2021–FY2024
Revenue
$464K
FY2023▲ +46%
Tap a bar for its year
Revenue by fiscal year
FY2021$500K
FY2022$318K
FY2023$464K
FY2024$296K
Expenses
$484K
FY2023▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2021$480K
FY2022$509K
FY2023$484K
FY2024$506K
Net assets
$1.0M
FY2023▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.4M
FY2022$1000K
FY2023$1.0M
FY2024$954K

From the FY2023 Form 990 (year ending September 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $385K Management & general 14% · $68K Fundraising 7% · $32K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $88K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Di
$88,500Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Margaret Ryan’s $88K as Executive Di is at the 77th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021
Margaret Ryan$88,500$88,500$88,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Reach Memphis executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Prepares high-achieving Memphis public school students for college success.

Questions for Reach Memphis

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Provided by the organization

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1 program · $385K · in their own filed words · FY2022
01

Reach memphis helps high achieving students from shelby county schools succeed in high school, college and beyond using a continuum of services including summer educational experiences, college readiness planning and counseling, and mentors who guide its students.

$385Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$464K
Ln 12
Gifts and grantsLn 1h$401K
Investment incomeLn 3$52K
Fees for servicesLn 2g$12K
Money outPt IX
$484K
Ln 25
Programscol B$385K
Managementcol C$68K
Fundraisingcol D$32K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$97K
Total assetsLn 16$1.0M
LiabilitiesLn 26$4K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$401K
Government grantsLn 1e$2K
Fees for servicesLn 2g$12K
Investment incomeLn 3$52K
Gains on assetsLn 7$33K
Total revenueLn 12$464K
Assets in detailPt X, end of year
SavingsLn 2$97K
Cash and savings togetherLn 1–2$97K
InvestmentsLn 11–13$815K
Other assetsLn 15$2K
Total assetsLn 16$1.0M
LiabilitiesLn 26$4K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 57
VolunteersI 6200
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$221K$97K
InvestmentsLn 11–13$741K$815K
Total assetsLn 16$1.0M$1.0M
LiabilitiesLn 26$555$4K
Net assetsLn 32$1000K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$88K$73K$9K$6K
Other salaries and wagesLn 7$183K$137K$34K$13K
Payroll taxesLn 10$21K$16K$3K$1K
Accounting feesLn 11c$14K$7K$5K$2K
Advertising and promotionLn 12$113$28$85
Office expensesLn 13$136$34$34$68
OccupancyLn 16$31K$23K$6K$2K
Depreciation, depletion and amortizationLn 22$94$32$31$31
InsuranceLn 23$9K$5K$3K
Other expenses (24a–d)Ln 24$117K$108K$4K$6K
All other expensesLn 24e$20K$15K$4K$586
Total functional expensesLn 25$484K$385K$68K$32K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $296K$506K−$210K$954K 990 PDF
FY2023 Viewing $464K$484K−$20K$1.0M 990 PDF
FY2022 $318K$509K−$191K$1000K 990 PDF
FY2021 $500K$480K$20K$1.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $464,175 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $273,234$400,895
I-9 Program service revenuePrior year $11,545$11,770
I-10 Investment incomePrior year $33,497$51,510
I-11 Other revenue$0
I-12 Total revenuePrior year $318,276$464,175
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $313,877$292,426
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $195,150$191,614
I-18 Total expensesPrior year $509,027$484,040
I-19 Revenue less expensesPrior year −$190,751−$19,865
Part VI · Governance 13 of 14 board members independent, 3 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members13
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $464,175 across 7 lines filed
VIII-1e Government grants$1,548
VIII-1f All other contributions, gifts and grants$399,347
VIII-1h Total contributions, gifts and grants$400,895
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,770$11,770
VIII-3 Investment incomeExcluded from tax $18,487$18,487
VIII-7 Net gain or loss on sales of assetsExcluded from tax $33,023$33,023
VIII-12 Total revenueRelated to mission $11,770 · Excluded from tax $51,510$464,175
Part IX · Statement of functional expenses $484,040 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $73,455 · Management $8,850 · Fundraising $6,195$88,500
IX-7 Other salaries and wagesPrograms $136,855 · Management $33,611 · Fundraising $12,831$183,297
IX-10 Payroll taxesPrograms $15,956 · Management $3,227 · Fundraising $1,446$20,629
IX-11c Accounting feesPrograms $6,545 · Management $5,180 · Fundraising $2,401$14,126
IX-12 Advertising and promotionPrograms $28 · Management $85$113
IX-13 Office expensesPrograms $34 · Management $34 · Fundraising $68$136
IX-16 OccupancyPrograms $23,495 · Management $5,638 · Fundraising $2,193$31,326
IX-22 Depreciation, depletion and amortizationPrograms $32 · Management $31 · Fundraising $31$94
IX-23 InsurancePrograms $5,101 · Management $3,471$8,572
IX-24 Other expenses (24a–d)Programs $107,668 · Management $3,607 · Fundraising $5,836$117,111
IX-24e All other expensesPrograms $15,487 · Management $4,063 · Fundraising $586$20,136
IX-25 Total functional expensesPrograms $384,656 · Management $67,797 · Fundraising $31,587$484,040
Part X · Balance sheet $1,014,904 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $220,963$96,867
X-4 Accounts receivableStart of year $35,012$99,500
X-9 Prepaid expenses and deferred chargesStart of year $875$868
X-11 Publicly traded securitiesStart of year $741,223$815,369
X-15 Other assetsStart of year $2,300$2,300
X-16 Total assetsStart of year $1,000,467$1,014,904
X-17 Accounts payable and accrued expensesStart of year $555$3,992
X-26 Total liabilitiesStart of year $555$3,992
X-27 Net assets without donor restrictionsStart of year $529,409$483,505
X-28 Net assets with donor restrictionsStart of year $470,503$527,407
X-32 Total net assets or fund balancesStart of year $999,912$1,010,912
X-33 Total liabilities and net assetsStart of year $1,000,467$1,014,904
Part XI · Reconciliation of net assets $1,010,912 net assets at year end
XI-1 Total revenue$464,175
XI-2 Total expenses$484,040
XI-3 Revenue less expenses−$19,865
XI-4 Net assets at start of year$999,912
XI-5 Net unrealized gains (losses) on investments$30,865
XI-10 Net assets at end of year$1,010,912

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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