Reach Network EIN 81-4271618 Form 990 (PDF) Claim this org

Reach Network FY2024 filing

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Trains and supports church planters, their families, and kingdom initiatives beyond local churches. For fiscal year 2024 it reported $260K in revenue, $242K in expenses, and $611K in net assets.Pt I

Founded
2016
Type
Religious organization · Religion
Location
Republic, MO
Website
www.reachnet.work
Filings
6 on file (2020–2024)
Revenue
$260KFY2024
Expenses
$242K
Net assets
$611K
People
10
Filings
6
Updates
0
More identity details & actions ⌄
EIN  81-4271618 Religious organization Republic, MO Founded 2016
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Trains and supports church planters, their families, and kingdom initiatives beyond local churches.
Leadership
Chris Wiggs · Director of Operations · $60K
Money in and out
$260K revenue, $242K expenses
Bottom line
95% program efficiency
Where the money goes · FY2024
Total revenue
$260K
Pt VIII · Ln 12
Total expenses
$242K
Pt IX · Ln 25
Net assets
$611K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $18K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Program efficiency
95%
of spending reaches programs
Operating runway
32.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+7%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$260K
FY2024▼ -52%
Expenses
$242K
FY2024▼ -14%
Total assets
$660K
FY2024▼ -29%
Total liabilities
$49K
FY2024▼ -66%
Total revenue
$260K
Pt VIII · Ln 12
Total expenses
$242K
Pt IX · Ln 25
Net assets
$611K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$18K
Total assetsPt X · Ln 16$660K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CReach Network
EINHdr · item D81-4271618
Principal addressHdr · item CRepublic, MO
WebsiteHdr · item Jwww.reachnet.work
Year of formationHdr · item L2016
State of legal domicileHdr · item MMO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X20)
Ruling yearIRS BMFMar 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director of Operations
$59,500Pt VII · Sec A
President/Executive Director
$23,548Pt VII · Sec A
Treasurer/Secretary
$6,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Chris Wiggs’s $35K as President/Executive Director is at the 34th percentile of top reported officer pay among 2136 $100K–1M religion 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jerry Harris$16,548$23,548$17,800$40,635$61,204$58,004
Chris Wiggs$34,917$59,500$50,076$35,765$10,175$9,779
Lisa Harris$6,000$6,000$5,500$4,500$3,600

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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Mission & Programs · Part III

Where the work happens

2 program services account for $228K of program spending, described in the organization's own filed words · FY2024.
01

Equipping, training and supporting church planters and partnering project directors. Providing mentoring, education, training and coaching to church planters and project directors. Helping with fundraising, providing equipment, software, administrative services and accounting services to church planters and kingdom initiatives.

$181Kprogram expense
02

Providing and setting up transitional housing for individuals who are continuing their rehabilitation process. The Transitional Housing Director set up houses that have a Christ-centered program that helps individuals go through rehabilitation, obtain employment and teach necessary life skills to be productive citizens.

$48Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$233K · 90%
Investment income$20K · 8%
Program service revenue$7K · 3%
Contributions & grants90%$233K
Investment income8%$20K
Program service revenue3%$7K
Total revenueLn 12$260K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$228K
Management & general5%$13K
Total functional expensesLn 25$242K

Balance Sheet

Part X · end of year
CashLn 1$646K
Total assetsLn 16$660K
Total liabilitiesLn 26$49K
Total net assetsLn 32$611K
Months of cash on handcomputed32.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $646K · Operating expenses/yr $242K
32.1 months
Where the money goes
Program services
Program services $228K · Total expenses $242K
95%
Management & General
Management & general $13K · Total expenses $242K
5%
Fundraising
Fundraising $0 · Total expenses $242K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $224K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $233K · Total revenue $260K
90%
Government reliance
Government grants $0 · Total revenue $260K
0%
Earned-income share
Program service revenue $7K · Total revenue $260K
3%
Investment reliance
Investment income $20K · Total revenue $260K
+8%
Program self-sufficiency
Program service revenue $7K · Total expenses $242K
3%
Growth & trend
Revenue growth (YoY)
This year $260K · Prior year $545K
-52%
Revenue CAGR
FY2020 $254K · FY2024 $260K
+0.5%
Net-asset trend (YoY)
End of year $611K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $260K · Expenses $242K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $660K
Net-asset ratio
Net assets $611K · Total assets $660K
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $660K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Chris Wiggs · Reported title Director of Operations · Highest reported compensation $60K · Total expenses $242K
25%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $119K · Total expenses $242K
49%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Fundraising cost ratio 0%
Revenue growth -52%
Investment management fee ratio 0%
Legal fee ratio 0.05%
Accounting fee ratio 5%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$20K
Grants paid · 12 grants · $162K · 2021–2025
Brazilian Church in St LouisFY2025$10,000
Heart Church KcFY2024$10,000
Generations Cowboy ChurchFY2024$10,000
Southern Missouri DistMO · FY2023$45,000
Appleton City Worship CenterFY2023$10,000
Evangel ChurchMO · FY2022$10,000
Victory ChurchFY2022$10,000
Limitless Church INCMO · FY2022$10,000
Belong ChurchFY2022$10,000
Freedom ChurchFY2021$15,000
Middle Tree ChurchMO · FY2021$12,000
Midtown Kc ChurchFY2021$10,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$233K revenue · ⤓ 990 PDF
FY2024$260K revenue · viewing · ⤓ 990 PDF
FY2023$545K revenue · ⤓ 990 PDF
FY2022$327K revenue · ⤓ 990 PDF
FY2021$309K revenue · ⤓ 990 PDF
FY2020$254K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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