Overview
What is Reach Memphis?
Reach Memphis is a nonprofit organization situated in Memphis, Tennessee, specifically at 4646 Poplar Avenue Suite 327. Their primary mission is to support high-achieving students from Shelby County Schools, aiding them in thriving in high school, pursuing higher education, and achieving success in their future endeavors. They accomplish this through an array of services, such as summer educational experiences, college readiness planning, and counseling, as well as mentors who guide their students throughout their journey. The organization's continuous commitment to these students is essential in preparing them for a successful transition to college. With a dedicated workforce of eight individuals, Reach Memphis is dedicated to fostering the growth and success of young learners in the community.
Official website here: www.memphisprepprogram.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
Reach Memphis has received a commendable rating of 86%, indicating a solid performance in accountability and finance. The organization boasts a fully independent board, with 92% of its members being independent. It demonstrates strong financial management, evidenced by a low liabilities to assets ratio of 0.39% and a program expense ratio of 83%, reflecting a focus on programmatic spending.
However, there are notable areas for improvement. The organization lacks a whistleblower policy and a document retention and destruction policy, both of which received a score of zero. While the absence of these policies does raise concerns regarding transparency and governance, the overall financial health and majority independent board should inspire confidence among stakeholders.
In summary, while Reach Memphis shows strong financial accountability and governance through its independent board and solid program spending, addressing the missing policies will enhance its overall accountability and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Reach Memphis legitimate?
Reach Memphis is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reach Memphis 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: $88,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $183,297
For more financial information, click here
Official website here: www.memphisprepprogram.org
What is the mission statement of Reach Memphis?
Reach Memphis, an organization focusing on high-achieving students in Shelby County public schools, is committed to helping these students prepare for and successfully transition to college. They achieve this mission by providing a continuum of services, including summer educational experiences, college readiness planning and counseling, and mentors who guide their students throughout their academic journey. The organization's aim is to ensure the students' success in high school, college, and beyond.
Official website here: www.memphisprepprogram.org
Who is the CEO of Reach Memphis?
Margaret Ryan is the Executive Di of Reach Memphis.
Official website here: www.memphisprepprogram.org
What is the revenue of Reach Memphis?
Reach Memphis's revenue in 2023 was $464,175.
Official website here: www.memphisprepprogram.org
Who are the executives of Reach Memphis and what are their salaries?
The average compensation at Reach Memphis during 2023 was $33,975. There are 8 employees and 175 volunteers at Reach Memphis.
Here are 15 key members and their salaries:
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Official website here: www.memphisprepprogram.org
Where can I find the form 990 for Reach Memphis?
Reach Memphis's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.memphisprepprogram.org
Learn more at the official website: www.memphisprepprogram.org
Mission Statement of Reach Memphis
Reach Memphis, a nonprofit organization, is dedicated to aiding high-achieving students in Shelby County Public Schools. Its mission is to prepare these students for a successful transition to college. The organization achieves this by employing a continuum of services, which includes providing summer educational experiences, assisting with college readiness planning and counseling, and offering mentors to guide its students. Through these initiatives, Reach Memphis aims to ensure that the students it serves succeed not only in high school but also in their college education and beyond.
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Impact
July, 2024
Reach Memphis has had a significant impact on high-achieving students in Shelby County public schools by preparing them for and facilitating successful transitions to college. Through a range of services such as summer educational experiences, college readiness planning, counseling, and mentorship, Reach Memphis empowers these students to excel in high school, pursue higher education, and thrive beyond their academic journeys. This organization plays a pivotal role in supporting talented students from Shelby County schools, ultimately contributing to their personal growth and academic success.
This information is meant to be a general summary of Reach Memphis. 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 2023.
- Investment Income: $51,510
- Program Service Revenue: $11,770
- Gross Receipts: $464,175
Assets and Liabilities:
- Total Assets: $1,014,904
- Total Liabilities: $3,992
- Net Assets: $1,010,912
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPANT FEES
Revenue
$11,770
Organization Details
Founding Year
2006
Phone
(901) 682-0699Principal Officer
Margaret Ryan
Main Address
4646 POPLAR AVENUE SUITE 327, MEMPHIS, TN, 38117
Website
www.memphisprepprogram.orgNTEE Category
Code: B90 - Education
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