Reach Pikes Peak FY2020 filing

Colorado Springs, COUnknown exempt organization EIN 84-0933888Revenue $198K in FY2020Latest return filed Feb 24, 2022

On file with the IRS4565 Hilton Parkway Ste 101 · Colorado Springs, CO

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To increase the capacity of low-income families and individuals to be self-sufficient.

77¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
6 mo
of spending, in cash
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $35K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$171K
130% of total assets
Concern: liabilities are 130% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$198K
Spent
$270K
To programs
77%
Net assets
−$39K
By yearFY2020–FY2021
Revenue
$198K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$198K
FY2021$21K
Net assets
−$39K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$39K
FY2021−$23K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $209K Management & general 12% · $33K Fundraising 10% · $28K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Reach Pikes Peak executive salaries →

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

Empowers low-income families and individuals to achieve self-sufficiency.

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2 programs · $209K · in their own filed words · FY2020
01

Family stabilization services (FSS) this program was designed to address emergency needs such as rent or mortgage (rural el paso county only), utilities, food, medical prescriptions, housing rehabilitation, transportation, and budget counseling to solve problems that may threaten a household's progress toward permanent self-sufficiency.

$187Kprogram expense
02

Transitions to independence this program is a goal setting program utilizing intensive one-one-one case management to assist low income people to attain higher education and job skills.

$22Kprogram expense

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 · FY2020
Total grants receivedfrom 2 funders$35K
Grants paid · 2 grants · $120K · 2020–2020
Unitemized GrantFY2020$61,251
Unitemized GrantFY2020$59,169

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$198K
Ln 12
Gifts and grantsLn 1h$197K
Other incomeLn 4–11$724
Investment incomeLn 3$210
Money outPt IX
$270K
Ln 25
Programscol B$209K
Managementcol C$33K
Fundraisingcol D$28K
Owns and owesPt X
−$39K
net assets · Ln 32
Cash and savingsLn 1–2$131K
Total assetsLn 16$132K
LiabilitiesLn 26$171K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$197K
Government grantsLn 1e$5K
Noncash giftsLn 1g$61K
Investment incomeLn 3$210
Other incomeLn 4–11$724
Total revenueLn 12$198K
Assets in detailPt X, end of year
CashLn 1$131K
Cash and savings togetherLn 1–2$131K
Total assetsLn 16$132K
LiabilitiesLn 26$171K
Net assetsLn 32−$39K
OperationsPt I, VI
EmployeesI 56
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$61K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$37K$131K
Total assetsLn 16$74K$132K
LiabilitiesLn 26$41K$171K
Net assetsLn 32$33K−$39K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$120K$120K
Pay of disqualified personsLn 6$31K$21K$5K$5K
Other salaries and wagesLn 7$54K$37K$9K$8K
Other employee benefitsLn 9$2K$1K$281$263
Payroll taxesLn 10$15K$10K$2K$2K
Accounting feesLn 11c$8K$8K
Advertising and promotionLn 12$450$292$90$68
Office expensesLn 13$1K$592$449$142
Information technologyLn 14$446$446
OccupancyLn 16$22K$8K$7K$7K
InterestLn 20$33$33
InsuranceLn 23$9K$6K$2K$1K
Other expenses (24a–d)Ln 24$7K$3K$536$4K
Total functional expensesLn 25$270K$209K$33K$28K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 LatestFiled with the IRS Feb 24, 2022 $21K−$23K 990 PDF
FY2020 ViewingFiled with the IRS May 1, 2021 $198K$270K−$72K−$39K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants M · Noncash O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $198,048 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $436,127$197,114
I-9 Program service revenue$0
I-10 Investment incomePrior year $4$210
I-11 Other revenuePrior year $23,828$724
I-12 Total revenuePrior year $459,959$198,048
I-13 Grants and similar amounts paidPrior year $308,298$120,420
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $182,178$101,990
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $74,454$47,595
I-18 Total expensesPrior year $564,930$270,005
I-19 Revenue less expensesPrior year −$104,971−$71,957
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $198,048 across 7 lines filed
VIII-1e Government grants$5,120
VIII-1f All other contributions, gifts and grants$191,994
VIII-1g Noncash contributions (included above)$61,251
VIII-1h Total contributions, gifts and grants$197,114
VIII-3 Investment incomeExcluded from tax $210$210
VIII-8 Net income from fundraising eventsExcluded from tax $724$724
VIII-12 Total revenueExcluded from tax $934$198,048
Part IX · Statement of functional expenses $270,005 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $120,420$120,420
IX-6 Pay of disqualified personsPrograms $21,282 · Management $4,913 · Fundraising $4,517$30,712
IX-7 Other salaries and wagesPrograms $37,471 · Management $8,689 · Fundraising $8,146$54,306
IX-9 Other employee benefitsPrograms $1,211 · Management $281 · Fundraising $263$1,755
IX-10 Payroll taxesPrograms $10,499 · Management $2,435 · Fundraising $2,283$15,217
IX-11c Accounting feesManagement $7,500$7,500
IX-12 Advertising and promotionPrograms $292 · Management $90 · Fundraising $68$450
IX-13 Office expensesPrograms $592 · Management $449 · Fundraising $142$1,183
IX-14 Information technologyPrograms $446$446
IX-16 OccupancyPrograms $8,038 · Management $6,735 · Fundraising $6,952$21,725
IX-20 InterestManagement $33$33
IX-23 InsurancePrograms $5,715 · Management $1,583 · Fundraising $1,495$8,793
IX-24 Other expenses (24a–d)Programs $2,639 · Management $536 · Fundraising $4,290$7,465
IX-25 Total functional expensesPrograms $208,605 · Management $33,244 · Fundraising $28,156$270,005
Part X · Balance sheet $131,937 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $37,446$131,276
X-4 Accounts receivableStart of year $17,060$661
X-16 Total assetsStart of year $73,628$131,937
X-17 Accounts payable and accrued expensesStart of year $38,880$16,494
X-25 Other liabilitiesStart of year $2,000$154,652
X-26 Total liabilitiesStart of year $40,880$171,146
X-27 Net assets without donor restrictionsStart of year −$6,729−$39,209
X-32 Total net assets or fund balancesStart of year $32,748−$39,209
X-33 Total liabilities and net assetsStart of year $73,628$131,937
Part XI · Reconciliation of net assets −$39,209 net assets at year end
XI-1 Total revenue$198,048
XI-2 Total expenses$270,005
XI-3 Revenue less expenses−$71,957
XI-4 Net assets at start of year$32,748
XI-10 Net assets at end of year−$39,209

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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