Overview
What is Reach Prep Inc?
Reach Prep Inc is a nonprofit organization that focuses on empowering underserved students through transformative educational experiences. They operate programs for middle, high school, and college students, providing personalized support and enrichment opportunities to nurture academic progress. The organization identifies and selects high-achieving, motivated Black and Latino fourth-grade students from disadvantaged communities in Fairfield, Westchester counties, and The Bronx for their Admission and Prep Academy Program, accepting around 20 students annually. Their mission is to deliver an impactful educational journey, closely monitoring and supporting the scholars throughout their academic journey.
Official website here: www.reachprep.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating)
Reach Prep Inc has received a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and financial management. With a high program expense ratio of 82.35% and 100% independent board members, the organization demonstrates robust governance practices and a commitment to transparency. The scores in leadership, adaptability, and community engagement reflect a well-structured organization focused on positive impact.
User feedback consistently highlights the dedication of the staff and the transformative effects of the programs offered. Board members and volunteers express admiration for the commitment to students and their families, noting the inspiring stories shared during fundraising events. The organization is celebrated for its longevity and effectiveness, marking 20 years of service and significant achievements in changing lives.
While the organization excels in many areas, the Impact & Measurement Score of 79 suggests there may still be room for improvement in assessing and demonstrating the full extent of its impact. Overall, Reach Prep Inc is viewed positively by its stakeholders, showcasing a solid commitment to its mission and the communities it serves.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Reach Prep Inc legitimate?
Reach Prep Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reach Prep Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $213,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $839,959
For more financial information, click here
Official website here: www.reachprep.org
What is the mission statement of Reach Prep Inc?
Reach Prep Inc's mission is centered around providing transformative educational experiences for underserved students. Through their middle, high school, and college programs, they aim to empower these students by closely monitoring their academic progress and offering personalized support and enrichment opportunities. The organization identifies high-achieving, motivated Black and Latino fourth-grade students from underserved communities for their Admission and Prep Academy Program, accepting around 20 students annually.
Official website here: www.reachprep.org
Who is the CEO of Reach Prep Inc?
Candice Clawson is the Chair of Reach Prep Inc. The CEO's salary of Reach Prep Inc is $186,627 and their total compensation is $209,077.
Official website here: www.reachprep.org
What is the revenue of Reach Prep Inc?
Reach Prep Inc's revenue in 2022 was $1,913,604.
Official website here: www.reachprep.org
Who are the executives of Reach Prep Inc and what are their salaries?
The average compensation at Reach Prep Inc during 2022 was $43,873. There are 24 employees and 30 volunteers at Reach Prep Inc.
Here are 23 key members and their salaries (Reach Prep Inc's CEO's salary is $186,627 and their total compensation is $209,077):
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- Compensation: $186,627
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Official website here: www.reachprep.org
Where can I find the form 990 for Reach Prep Inc?
Reach Prep Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.reachprep.org
Learn more at the official website: www.reachprep.org
Mission Statement of Reach Prep Inc
Reach Prep, a nonprofit organization, is committed to providing transformative educational experiences that empower underserved students. Their mission is twofold: firstly, they aim to identify high-achieving, motivated Black and Latino fourth-grade students from underprivileged communities in Fairfield and Westchester counties, as well as The Bronx. Secondly, they admit approximately 20 of these students annually into their Admission and Prep Academy Program. Through this program, Reach Prep offers a nurturing environment where they closely monitor and support the academic progress of each scholar. This is achieved through personalized contact, academic assistance, and enrichment opportunities. By doing so, Reach Prep empowers these students to reach their full potential and overcome the educational disparities often associated with their socio-economic backgrounds.
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Impact
July, 2024
Reach Prep Inc's impact lies in its ability to empower underserved students through transformative educational experiences. By closely monitoring and nurturing scholars' academic progress with personalized contact, academic support, and enrichment opportunities, Reach Prep is able to make a significant difference in the lives of high-achieving, motivated Black and Latino fourth-grade students from underserved communities in Fairfield and Westchester counties and The Bronx. Through their Admission and Prep Academy Program, where approximately 20 students are accepted yearly, Reach Prep is able to provide a pathway to success for these students, ultimately helping them reach their full potential and break barriers to achieve academic success.
This information is meant to be a general summary of Reach Prep Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $27,119
- Gross Receipts: $2,882,091
Assets and Liabilities:
- Total Assets: $3,630,678
- Total Liabilities: $181,057
- Net Assets: $3,449,621
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Organization Details
Founding Year
1995
Phone
(203) 487-0750Principal Officer
Candice Clawson
Main Address
ONE DOCK STREET 100, STAMFORD, CT, 06902
Website
www.reachprep.orgNTEE Category
Code: B99 - Education
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