Overview
What is Reach Foundation Inc (Reading Enriches All Children)?
Reach Foundation Inc, also known as Reading Enriches All Children, is a compassionate nonprofit organization based in Norfolk, Virginia. With a primary focus on literacy, they aim to support at-risk and homeless children in coastal Virginia. Their mission is carried out through various activities, including operating a 'Big Free Bookstore.' This bookstore provides high-quality, brand new books for all ages, from board books to adult contemporary novels, enabling every family member to embark on a literary journey at no cost. Thousands of families have benefited from this service, utilizing it up to twice a week to create a literacy-rich environment at home. The organization employs a team of 19 dedicated individuals to carry out its noble mission.
Official website here: www.reachreads.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 65%)
Reach Foundation Inc has received a Two-Star rating, indicating that while the organization has some strengths, there are areas that require improvement. The overall score of 65% reflects solid performance in certain accountability and finance aspects, particularly with a high program expense ratio of 97.75%. This suggests that a significant portion of its funding is directed towards its programs, which is a positive indicator of effective resource allocation.
The foundation excels in culture and community, achieving a perfect score of 100% in this area. It demonstrates strong leadership with a fully independent board, as well as comprehensive policies in place for conflict of interest and whistleblowing. Additionally, the organization shows a commitment to stakeholder engagement by actively collecting and utilizing feedback, indicating a responsive approach to its community's needs.
However, despite its strengths, the overall needs improvement rating signals that there may still be concerns regarding the foundation's financial practices or sustainability. Continuous efforts to enhance accountability measures and improve operational transparency will be essential for bolstering its overall effectiveness and community trust.
This AI summary has been generated from information found on Charity Navigator.
Is Reach Foundation Inc (Reading Enriches All Children) legitimate?
Reach Foundation Inc (Reading Enriches All Children) is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reach Foundation Inc (Reading Enriches All Children) 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: $183,817
For more financial information, click here
Official website here: www.reachreads.org
What is the mission statement of Reach Foundation Inc (Reading Enriches All Children)?
Reach Foundation Inc., known as Reading Enriches All Children, has a mission to promote literacy for children who are at risk and homeless. This organization operates in coastal Virginia. Their primary goal is to provide high-quality, brand new books for families, ranging from board books for young children to contemporary literature for adults. This initiative encourages a literacy-rich environment at home, benefiting numerous families. At Reach Foundation's Big Free Bookstore, families can receive up to two new books per person, free of charge, up to twice a week, fostering a shared literary journey for all household members.
Official website here: www.reachreads.org
Who is the CEO of Reach Foundation Inc (Reading Enriches All Children)?
Jennifer Goff is the President of Reach Foundation Inc (Reading Enriches All Children).
Official website here: www.reachreads.org
What is the revenue of Reach Foundation Inc (Reading Enriches All Children)?
Reach Foundation Inc (Reading Enriches All Children)'s revenue in 2022 was $1,867,848.
Official website here: www.reachreads.org
Who are the executives of Reach Foundation Inc (Reading Enriches All Children) and what are their salaries?
The average compensation at Reach Foundation Inc (Reading Enriches All Children) during 2022 was $9,675. There are 19 employees and 127 volunteers at Reach Foundation Inc (Reading Enriches All Children).
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Official website here: www.reachreads.org
Where can I find the form 990 for Reach Foundation Inc (Reading Enriches All Children)?
Reach Foundation Inc (Reading Enriches All Children)'s most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.reachreads.org
Learn more at the official website: www.reachreads.org
Mission Statement of Reach Foundation Inc (Reading Enriches All Children)
Reach Foundation Inc, also known as Reading Enriches All Children, is dedicated to promoting literacy among children who are at risk and homeless in coastal Virginia. Their mission is to provide high-quality, brand new books for families, spanning from board books for infants to adult contemporary novels. Through their Big Free Bookstore, Reach Foundation Inc invites thousands of families to visit and receive resources, enabling them to establish a literacy-rich environment at home. Each family is entitled to receive two new books per person in their household, up to two times a week, completely free of charge. This initiative by Reach Foundation Inc aims to foster a love for reading and literacy among families who may not have the means to access such resources otherwise.
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Impact
July, 2024
Reach Foundation Inc's impact can be seen through its efforts to promote literacy among at-risk and homeless children throughout Coastal Virginia. The organization's Big Free Bookstore provides high-quality, brand new books for children of all ages, from board books to adult contemporary, allowing families to enjoy a journey of words and literary exploration. Thousands of families have visited the store to receive resources that help create a literacy-rich environment at home. Each family can receive two new books per person in their household, up to two times a week at zero cost. Through these initiatives, Reach Foundation Inc is making a meaningful difference in the lives of children who are most vulnerable, ensuring they have access to the transformative power of literacy.
This information is meant to be a general summary of Reach Foundation Inc (Reading Enriches All Children). 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: $9
- Program Service Revenue: $4,907
- Gross Receipts: $1,867,986
Assets and Liabilities:
- Total Assets: $1,550,873
- Total Liabilities: $1,586,491
- Net Assets: -$35,618
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOOKSTORE INCOME
Revenue
$4,907
Organization Details
Founding Year
1998
Phone
(757) 627-4722Principal Officer
Jennifer Goff
Main Address
5802 E VIRGINIA BEACH BLVD STE 158, NORFOLK, VA, 23502
Website
www.reachreads.orgNTEE Category
Code: B920 - Education
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