Overview
What is Reach Georgia Foundation Inc?
Reach Georgia Foundation Inc is a nonprofit establishment headquartered in Tucker, Georgia, with a specific address at 2082 E Exchange PL. Their primary mission is to raise and invest funds to support the Reach Georgia program, an initiative aimed at aiding over 2,800 low-income students across 180 school systems in Georgia by 2020. This program aims to provide these students with the necessary academic, social, and financial support to graduate from high school, pursue higher education, and achieve post-secondary success. The foundation achieves its mission through various activities, such as fundraising, creating awareness, and managing investments.
Official website here: www.reachga.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, earning a Two-Star out of Four Star rating
Reach Georgia Foundation Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization's strengths include a fully independent board and solid practices regarding financial oversight and document management. It has demonstrated strong governance by ensuring that tax forms are reviewed by the board before filing and maintaining good oversight regarding loans and assets.
However, the foundation faces significant challenges in its financial ratios, notably a low fundraising efficiency and a concerning program expense ratio. The absence of a whistleblower policy and document retention practices raises concerns about transparency and risk management. Additionally, the high liabilities to assets ratio indicates potential financial instability, which could affect the foundation's long-term sustainability.
Overall, while Reach Georgia Foundation has some strengths in governance, the weaknesses in financial efficiency and oversight policies suggest that potential donors should carefully consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Reach Georgia Foundation Inc legitimate?
Reach Georgia Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reach Georgia Foundation 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:
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For more financial information, click here
Official website here: www.reachga.org
What is the mission statement of Reach Georgia Foundation Inc?
The Reach Georgia Foundation Inc's mission is centered around raising and investing funds to support the Reach Georgia program. The organization's primary goal is to use these funds to aid over 2,800 low-income students across all 180 school systems in Georgia by 2020. By implementing fundraising initiatives and creating awareness, the foundation aims to provide these students with the necessary academic, social, and financial support needed to graduate from high school, access higher education, and achieve post-secondary success. The foundation's activities also involve managing investments to ensure the program's sustainability.
Official website here: www.reachga.org
What is the revenue of Reach Georgia Foundation Inc?
Reach Georgia Foundation Inc's revenue in 2024 was $3,833,618.
Official website here: www.reachga.org
Who are the executives of Reach Georgia Foundation Inc and what are their salaries?
There 15 volunteers at Reach Georgia Foundation Inc.
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Official website here: www.reachga.org
Where can I find the form 990 for Reach Georgia Foundation Inc?
Reach Georgia Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.reachga.org
Learn more at the official website: www.reachga.org
Mission Statement of Reach Georgia Foundation Inc
Reach Georgia Foundation Inc, a nonprofit organization, is committed to raising and investing funds to support the Reach Georgia program. Their mission is to provide academic, social, and financial support to over 2,800 low-income students across all 180 school systems in Georgia by 2020. The foundation achieves this mission through various activities, including fundraising and raising awareness for the Reach Georgia program. By doing so, they aim to ensure that these students have the necessary resources to graduate from high school, access higher education, and achieve post-secondary success.
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Impact
July, 2024
Reach Georgia Foundation Inc's impact is significant in supporting over 2,800 low-income students across all 180 school systems in Georgia. By raising funds, creating awareness, and managing investments, the foundation ensures these students receive the academic, social, and financial support necessary to graduate from high school, access college, and achieve postsecondary success. This direct involvement plays a crucial role in shaping the educational outcomes and future opportunities for these students.
This information is meant to be a general summary of Reach Georgia Foundation 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 2024.
- Investment Income: $1,796,244
- Gross Receipts: $11,408,714
Assets and Liabilities:
- Total Assets: $67,010,076
- Total Liabilities: $42,382,085
- Net Assets: $24,627,991
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Organization Details
Founding Year
2015
Principal Officer
Lisa Garrison
Website
www.reachga.orgNTEE Category
Code: T12 - Philanthropy
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