Overview
What is The Reach Foundation?
The Reach Foundation, based in Lincoln Park, Michigan, is a nonprofit organization that specializes in providing residential care services for individuals with disabilities. Established with a dedicated workforce of 16 employees, their primary mission is to support and cater to the needs of these handicapped individuals. The foundation focuses on offering a safe and nurturing environment, ensuring their overall well-being and quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star Rating
The Reach Foundation has achieved a Three-Star rating from Charity Navigator, indicating a fair level of transparency and accountability in its operations. The overall score is predominantly based on the Accountability & Finance beacon, where the organization excelled in key areas such as having no material diversion of assets and maintaining a strong liabilities to assets ratio of 8.10%. The program expense ratio of 73.47% suggests that the foundation is effectively directing a significant portion of its resources towards fulfilling its mission.
Strengths of The Reach Foundation include a comprehensive conflict of interest policy and a whistleblower policy, both of which are crucial for maintaining ethical governance. Additionally, the organization demonstrates good practices by documenting board meeting minutes. However, one notable limitation is the absence of financial statements, which has impacted its score in that area.
Overall, while The Reach Foundation shows commendable practices in several aspects of accountability, the lack of financial statements could raise questions for potential donors about its financial transparency. Prospective supporters may want to consider these factors when evaluating their engagement with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Reach Foundation legitimate?
The Reach Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Reach Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $370,771
For more financial information, click here
What is the mission statement of The Reach Foundation?
The Reach Foundation is committed to providing residential care services for individuals with disabilities. Their mission is centered around offering a supportive living environment for these individuals, aiming to enhance their quality of life and foster their overall well-being. By providing residential care, the foundation aims to offer a sense of independence and community to those who may require additional assistance due to their handicaps. The foundation's activities are primarily focused on this residential care service, aiming to make a positive impact in the lives of those in need.
Who is the CEO of The Reach Foundation?
Edward Lark is the President of The Reach Foundation.
What is the revenue of The Reach Foundation?
The Reach Foundation's revenue in 2022 was $857,259.
Who are the executives of The Reach Foundation and what are their salaries?
The average compensation at The Reach Foundation during 2022 was $23,173. There are 16 employees and 20 volunteers at The Reach Foundation.
Here are 4 key members and their salaries:
- Compensation: $85,649
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Reach Foundation?
The Reach Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Reach Foundation
The Reach Foundation, as its name suggests, is dedicated to providing residential care services for individuals living with disabilities. This nonprofit organization's mission is centered around offering a supportive living environment for these individuals, aiming to enhance their quality of life. The foundation's primary focus is on providing residential care, ensuring that the individuals under its care receive the necessary support and assistance they need to lead fulfilling lives.
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Impact
July, 2024
The Reach Foundation has a significant impact on providing residential care services to handicapped individuals in Lincoln Park, MI. Through their dedicated efforts and services, they strive to enhance the quality of life and support the well-being of individuals with disabilities in their care. Their mission of providing residential care services plays a crucial role in supporting this marginalized community and promoting their independence and overall welfare.
This information is meant to be a general summary of The Reach Foundation. 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.
- Program Service Revenue: $857,259
- Gross Receipts: $857,259
Assets and Liabilities:
- Total Assets: $37,883
- Total Liabilities: $3,072
- Net Assets: $34,811
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROVIDE HOUSING
Revenue
$857,259
Organization Details
Founding Year
1993
Phone
(313) 381-5072Principal Officer
Edward Lark
Main Address
1793 CHARTER STREET, LINCOLN PARK, MI, 48146
NTEE Category
Code: P700 - Human services
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