Reed Next INC

Tax-deductible

Oakland, NJ501(c)(3)Since 2016Human ServicesEIN 81-4163174

Our mission is to support and improve the lives of individuals with autism, to learn, live, work and thrive in their communities.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 11 volunteers and 93 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
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
4 of 5
filings with a surplus
Average deficit $38K a year · under 1% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$701K
to officers and key staff · 11% of spending
Top officer’s pay higher than 57% of similar orgs
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.0M
60% of total assets
Fine: liabilities are 60% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.4M
+12% vs prior year
Spent
$6.2M
To programs
80%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$6.4M
FY2024▲ +12%
Revenue by fiscal year
FY2020$1.8M
FY2021$2.9M
FY2022$4.4M
FY2023$5.1M
FY2024$5.8M
FY2024$6.4M
Expenses
$6.2M
FY2024▲ +12%
Expenses by fiscal year
FY2020$1.7M
FY2021$3.9M
FY2022$4.2M
FY2023$4.8M
FY2024$5.5M
FY2024$6.2M
Net assets
$1.3M
FY2024▲ +25%
Net assets by fiscal year
FY2020$194K
FY2021−$1.1M
FY2022$563K
FY2023$785K
FY2024$1.0M
FY2024$1.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2017.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $4.9M Management & general 20% · $1.2M

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

Who runs it and what they're paid

15 people listed on the 990; $701K paid to officers and key staff.

Part VII, Section A · reportable compensation
Dir of Operations
$124,640Pt VII · Sec A
Dir of Comm Svcs
$114,998Pt VII · Sec A
Chief Clinical Director
$106,110Pt VII · Sec A
Clinical Director
$100,846Pt VII · Sec A
$88,000Pt VII · Sec A
$87,500Pt VII · Sec A
Chief People & Culture Officer
$79,167Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Francesca Saraniero’s $125K as Dir of Operations is at the 57th percentile of top reported officer pay among 3869 $1–10M human services 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 · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Francesca Saraniero$124,640$116,166$112,112$102,357—
Kristina Iacovino$114,998$115,242$103,743——
David Wilson$106,110—$561$561—
Kelsey Elbon$100,846————
Kelly Archibald————$100,769
Michele Manley$88,000————
Chantelle Walker$87,500———$7,692
Roy Park$79,167————

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.

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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 15aYes

Programs and updates

Helps individuals with autism learn, live, work, and thrive in their communities.

Provided by the organization

This section is blank until Reed Next INC claims this page.

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1 program service account for $4.9M of program spending, described in the organization's own filed words · FY2024.
01

Improve care of adults with autism

$4.9Mprogram 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 · this organization's grantmaking
Grants paid · 16 grants · $5.6M · 2019–2024
Reed Foundation for Autism INCNJ · FY2024$416,750
Greens DO Good ReedNJ · FY2024$306,692
Reed Foundation for Autism INCNJ · FY2023$511,696
Greens DO Good ReedNJ · FY2023$418,404
Reed Foundation for Autism INCNJ · FY2022$644,707
Greens DO Good INCFY2022$214,393
Greens DO Good ReedNJ · FY2021$636,183
Reed Foundation for Autism INCNJ · FY2021$284,817
Ramapo College FoundationNJ · FY2021$40,000
Greens DO Good ReedNJ · FY2020$909,408
Reed Foundation for Autism INCNJ · FY2020$265,940
Greens DO Good INCFY2020$248,910
Ramapo College FoundationNJ · FY2020$40,000
Reed Foundation for Autism INCNJ · FY2019$385,505
Greens DO Good INCFY2019$186,655
Ramapo College FoundationNJ · FY2019$40,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$6.4M
Ln 12
Fees for servicesLn 2g$5.3M
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$37K
Money outPt IX
$6.2M
Ln 25
Programscol B$4.9M
Managementcol C$1.2M
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$392K
Total assetsLn 16$3.3M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
15
listed · VII A
PaidVII A7
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$897K
Fees for servicesLn 2g$5.3M
Investment incomeLn 3$37K
Other incomeLn 4–11$2K
Gains on assetsLn 7$0
Total revenueLn 12$6.4M
Assets in detailPt X, end of year
CashLn 1$392K
SavingsLn 2$0
Cash and savings togetherLn 1–2$392K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.7M
Other assetsLn 15$533K
Total assetsLn 16$3.3M
LiabilitiesLn 26$2.0M
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 593
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$160K$392K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.6M$1.7M
Total assetsLn 16$3.0M$3.3M
LiabilitiesLn 26$1.9M$2.0M
Net assetsLn 32$1.0M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$723K$723K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$186K$142K$45K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$3.3M$2.5M$788K
Pension plan contributionsLn 8$16K$12K$4K
Other employee benefitsLn 9$432K$355K$78K
Payroll taxesLn 10$292K$251K$40K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$249K$102K$148K
Advertising and promotionLn 12$30$30
Office expensesLn 13$7K$813$7K
Information technologyLn 14$81K$69K$12K
RoyaltiesLn 15$0
OccupancyLn 16$262K$249K$13K
TravelLn 17$40K$35K$4K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$55K$55K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$97K$93K$5K
InsuranceLn 23$58K$32K$26K
Other expenses (24a–d)Ln 24$392K$386K$6K
All other expensesLn 24e$0
Total functional expensesLn 25$6.2M$4.9M$1.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $5.8M$5.5M$253K$1.0M 990 PDF
FY2023 $5.1M$4.8M$222K$785K 990 PDF
FY2022 $4.4M$4.2M$222K$563K 990 PDF
FY2021 $2.9M$3.9M−$987K−$1.1M 990 PDF
FY2020 $1.8M$1.7M$98K$194K 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 $6,438,130 across 11 lines filed
VIII-1d Related organizations$154,500
VIII-1e Government grants$897,030
VIII-1h Total contributions, gifts and grants$1,051,530
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,347,591$5,347,591
VIII-3 Investment incomeExcluded from tax $36,894$36,894
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,115$2,115
VIII-12 Total revenueRelated to mission $5,349,706 · Excluded from tax $36,894$6,438,130
Part IX · Statement of functional expenses $6,177,500 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $723,442$723,442
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $141,558 · Management $44,636$186,194
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $2,498,322 · Management $787,774$3,286,096
IX-8 Pension plan contributionsPrograms $11,829 · Management $3,736$15,565
IX-9 Other employee benefitsPrograms $354,812 · Management $77,608$432,420
IX-10 Payroll taxesPrograms $251,297 · Management $40,347$291,644
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $101,805 · Management $147,585$249,390
IX-12 Advertising and promotionManagement $30$30
IX-13 Office expensesPrograms $813 · Management $6,595$7,408
IX-14 Information technologyPrograms $68,816 · Management $11,891$80,707
IX-15 Royalties$0
IX-16 OccupancyPrograms $248,741 · Management $13,470$262,211
IX-17 TravelPrograms $35,095 · Management $4,442$39,537
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $55,041$55,041
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $92,564 · Management $4,872$97,436
IX-23 InsurancePrograms $31,824 · Management $26,317$58,141
IX-24 Other expenses (24a–d)Programs $385,794 · Management $6,444$392,238
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $4,946,712 · Management $1,230,788 · Fundraising $0$6,177,500
Part X · Balance sheet $3,253,620 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $159,725$391,787
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $323,203$236,180
X-4 Accounts receivableStart of year $280,275$335,058
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $30,887$54,358
X-10c Land, buildings and equipment, netStart of year $1,612,918$1,703,492
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $543,274$532,745
X-16 Total assetsStart of year $2,950,282$3,253,620
X-17 Accounts payable and accrued expensesStart of year $175,184$298,735
X-18 Grants payableStart of year $300,046$170,285
X-19 Deferred revenueStart of year $8,678$31,525
X-25 Other liabilitiesStart of year $215,394$293,799
X-26 Total liabilitiesStart of year $1,912,365$1,955,073
X-27 Net assets without donor restrictionsStart of year $1,037,917$1,298,547
X-32 Total net assets or fund balancesStart of year $1,037,917$1,298,547
X-33 Total liabilities and net assetsStart of year $2,950,282$3,253,620
Part XI · Reconciliation of net assets $1,298,547 net assets at year end
XI-1 Total revenue$6,438,130
XI-2 Total expenses$6,177,500
XI-3 Revenue less expenses$260,630
XI-4 Net assets at start of year$1,037,917
XI-10 Net assets at end of year$1,298,547

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

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