Reach Foundation FY2024 filing

Tax-deductible

Palo Alto, CA501(c)(3)Since 2017EducationEIN 38-4049905

High school mentoring and scholarships for first generation college students

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $173K a year · 64% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
19 mo
of spending, in cash
Looks good: 18.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $91K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$383K
+17% vs prior year
Spent
$188K
To programs
71%
Net assets
$909K
By yearFY2021–FY2025
Revenue
$383K
FY2024▲ +17%
Revenue by fiscal year
FY2021$204K
FY2022$119K
FY2023$328K
FY2024$383K
FY2025$324K
Expenses
$188K
FY2024▲ +87%
Expenses by fiscal year
FY2021$26K
FY2022$32K
FY2023$100K
FY2024$188K
FY2025$148K
Net assets
$909K
FY2024▲ +30%
Net assets by fiscal year
FY2021$381K
FY2022$468K
FY2023$702K
FY2024$909K
FY2025$1.2M

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2017.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $133K Management & general 4% · $8K Fundraising 25% · $47K

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

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
Co-Founder and Executive Director
$0Pt VII · Sec A
Co-Founder and Board Member
$0Pt VII · Sec A
General Counsel
$0Pt VII · Sec A
CFO and Secretary
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
See Reach Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides grants to help first-generation students attend college.

Provided by the organization

This section is blank until Reach Foundation claims this page.

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1 program service account for $120K of program spending, described in the organization's own filed words · FY2024.
01

41 students received tuition and housing support for college

$120Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 4 grants · $248K · 2021–2024
Unitemized GrantFY2024$120,200
Unitemized GrantFY2023$83,879
Unitemized GrantFY2022$26,050
Unitemized GrantFY2021$17,497

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$383K
Ln 12
Gifts and grantsLn 1h$381K
Investment incomeLn 3$15K
Money outPt IX
$188K
Ln 25
Programscol B$133K
Managementcol C$8K
Fundraisingcol D$47K
Owns and owesPt X
$909K
net assets · Ln 32
Cash and savingsLn 1–2$296K
Total assetsLn 16$909K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$381K
Government grantsLn 1e$0
Noncash giftsLn 1g$36K
Fundraising eventsLn 1c$139K
Investment incomeLn 3$15K
Gains on assetsLn 7$0
Total revenueLn 12$383K
Assets in detailPt X, end of year
CashLn 1$296K
SavingsLn 2$0
Cash and savings togetherLn 1–2$296K
InvestmentsLn 11–13$613K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$909K
LiabilitiesLn 26$0
Net assetsLn 32$909K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6145
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$652K$296K
InvestmentsLn 11–13$50K$613K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$702K$909K
LiabilitiesLn 26$0$0
Net assetsLn 32$702K$909K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$120K$120K
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$13K$13K$0$0
Advertising and promotionLn 12$43K$0$0$43K
Office expensesLn 13$0$0$0$0
Information technologyLn 14$976$0$976$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$489$0$489$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$3K$0$3K$0
Other expenses (24a–d)Ln 24$7K$0$3K$4K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$188K$133K$8K$47K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $324K$148K$176K$1.2M 990 PDF
FY2024 Viewing $383K$188K$195K$909K 990 PDF
FY2023 $328K$100K$228K$702K 990 PDF
FY2022 $119K$32K$87K$468K 990 PDF
FY2021 $204K$26K$178K$381K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $382,950 across 16 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$138,775
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$242,437
VIII-1g Noncash contributions (included above)$36,131
VIII-1h Total contributions, gifts and grants$381,212
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $15,199 · Excluded from tax $0$15,199
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0−$13,461
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $15,199 · Excluded from tax $0$382,950
Part IX · Statement of functional expenses $187,859 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $120,200$120,200
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $13,200 · Management $0 · Fundraising $0$13,200
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $42,537$42,537
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-14 Information technologyPrograms $0 · Management $976 · Fundraising $0$976
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $489 · Fundraising $0$489
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $3,463 · Fundraising $0$3,463
IX-24 Other expenses (24a–d)Programs $0 · Management $2,616 · Fundraising $4,378$6,994
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $133,400 · Management $7,544 · Fundraising $46,915$187,859
Part X · Balance sheet $909,164 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $652,370$296,131
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $49,585$613,033
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $701,955$909,164
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $701,955$909,164
X-33 Total liabilities and net assetsStart of year $701,955$909,164
Part XI · Reconciliation of net assets $909,164 net assets at year end
XI-1 Total revenue$382,950
XI-2 Total expenses$187,859
XI-3 Revenue less expenses$195,091
XI-4 Net assets at start of year$701,955
XI-5 Net unrealized gains (losses) on investments$12,118
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$909,164

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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