REACHING UP INC C/O CITRIN COOPERMAN & CO LLP

EIN: 133577206 501(c)(3)

NEW YORK, NY

Total Revenue
N/A
Total Expenses
$7,613
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
NY
Principal Officer
JEFFREY A SACHS
Phone
2128270660
Tax Period
2020-01-01 to 2020-12-31

Mission

REACHING UP INC.'S AIM IS TO ESTABLISH PROGRAMS TO SUPPORT THE EDUCATION AND CAREER ADVANCEMENT OF INDIVIDUALS EMPLOYED IN THE FIELD OF MENTAL RETARDATION AND DEVELOPMENTAL DISABILITIES. THE ORGANIZATIONS TO WHICH REACHING UP PLANS TO AWARD GRANTS WILL ALL BE CHARITABLE EDUCATIONAL 501(C)(3) ORGANIZATIONS. THE FUNDS RECEIVED BY THE ORGANIZATIONS WILL ULTIMATELY BE USED TO HELP STUDENT WORKERS PAY FOR TUITION, BOOKS AND INSTRUCTIONAL MATERIALS, TRANSPORTATION, STUDENT FEES,ADDITIONAL CHILD CARE AND OTHER EXPENSES ASSOCIATED WITH HIGHER EDUCATION.

Program Service Accomplishments

Program 1

PROGRAMS THAT PROVIDE INDIVIDUALS EMPLOYED IN THE MENTAL RETARDATION REHABILITATION FIELD WITH AN OPPORTUNITY FOR JOB AND SALARY ADVANCEMENT THROUGH EDUCATION. THE PROGRAM OFFERS WORKERS THE...

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PROGRAMS THAT PROVIDE INDIVIDUALS EMPLOYED IN THE MENTAL RETARDATION REHABILITATION FIELD WITH AN OPPORTUNITY FOR JOB AND SALARY ADVANCEMENT THROUGH EDUCATION. THE PROGRAM OFFERS WORKERS THE INCENTIVE TO ATTEND SCHOOL AND COMPLETE COURSEWORK IN RETURN FOR AN INCREASE IN SALARY AND POSITION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $7,613
TOTAL EXPENSES $7,613

Year-over-Year Comparison

2020 2019 Change
Revenue N/A N/A N/A
Expenses $7,613 $15,360 -0.5%
Net Income N/A $-15,360 N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY A SACHS PRESIDENT 5.00
Officer Director
$0 $0 $0
ROBIN CHASKY VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
LYDIA CLIFTON MEMBER 5.00
Director
$0 $0 $0
JAMES MULZET MEMBER 5.00
Director
$0 $0 $0
ARTHUR WEBB MEMBER 5.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2020 No data $7,613 No data No data
2019 No data $15,360 $7,613 No data
2018 $12,000 $73,243 $22,973 $-61,243
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