Overview
What is Reach Foundation?
The Reach Foundation, established in Los Altos Hills, California, serves as a scholarship and financial aid organization. Primarily focusing on first-generation college students, they provide essential financial assistance to help these individuals pursue higher education. Last year, they reported a total revenue of $139,468, demonstrating their dedication and impact in the field. The organization operates under the leadership of frn 4 SShe Tz.
Official website here: www.thereachfoundation.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The Reach Foundation demonstrates a solid commitment to accountability and finance, achieving a high program expense ratio of 83.92%, indicating that a significant portion of funds is directed towards its programs. The organization benefits from a fully independent board, with 9 independent members, contributing to a transparent governance structure. However, the lack of essential policies such as conflict of interest, whistleblower, and document retention has been noted as a significant area for improvement.
While the foundation showcases strengths in its financial management and board independence, the absence of specific governance policies can raise concerns regarding operational transparency and ethical safeguarding. Addressing these shortcomings would enhance its overall accountability and strengthen donor confidence. Overall, the Reach Foundation presents a commendable profile but has room for growth in its governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Reach Foundation legitimate?
Reach Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 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:
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For more financial information, click here
Official website here: www.thereachfoundation.net
What is the mission statement of Reach Foundation?
The Reach Foundation serves as a scholarship and financial aid organization, dedicated to supporting first-generation college students. Its primary mission is to provide the necessary financial aid, thereby enabling these students to pursue higher education. By offering such assistance, the foundation aims to contribute to their academic success and personal growth. The Reach Foundation generates revenue to sustain its operations, as demonstrated by its reported income of $139,468 last year. However, the specific details regarding the organization's mission beyond financial aid are not provided in the information given.
Official website here: www.thereachfoundation.net
Who is the CEO of Reach Foundation?
Unavailable
Official website here: www.thereachfoundation.net
What is the revenue of Reach Foundation?
Reach Foundation's revenue in 2022 was $119,338.
Official website here: www.thereachfoundation.net
Who are the executives of Reach Foundation and what are their salaries?
There 85 volunteers at Reach Foundation.
Here are 10 key members and their salaries:
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Official website here: www.thereachfoundation.net
Where can I find the form 990 for Reach Foundation?
Reach Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thereachfoundation.net
Learn more at the official website: www.thereachfoundation.net
Mission Statement of Reach Foundation
The Reach Foundation, as a scholarship and student financial aid services organization, is dedicated to supporting first-generation college students. This nonprofit aims to provide financial assistance and resources to individuals who are the first in their families to pursue higher education, enabling them to overcome financial barriers and achieve their academic goals. The Reach Foundation's mission is to contribute to the success of these students, fostering an environment that empowers them to overcome challenges and thrive in their academic journeys.
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Impact
October, 2024
The Reach Foundation significantly impacts the lives of first-generation college students by providing essential financial support through scholarships. By easing the financial burden of higher education, the foundation enables these students to pursue their academic goals and achieve their dreams. Operating out of Palo Alto, CA, the foundation focuses on creating pathways to success for individuals who may face additional challenges in accessing higher education. With a commitment to fostering educational opportunities, the Reach Foundation plays a vital role in transforming the futures of young scholars and contributing to a more equitable educational landscape.
This information is meant to be a general summary of 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.
- Investment Income: $13
- Gross Receipts: $119,338
Assets and Liabilities:
- Total Assets: $468,335
- Total Liabilities: $0
- Net Assets: $468,335
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Organization Details
Founding Year
2017
Main Address
3790 El Camino Real 624, Palo Alto, CA, 94306
Website
www.thereachfoundation.netNTEE Category
Code: B82 - Education
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