REACH FOUNDATION INC (REACH ENRICHES ALL CHILDREN)

EIN: 541918686 501(c)(3) Education

NORFOLK, VA

Total Revenue
$1,175,577
Total Expenses
$1,160,989
Total Assets
$2,128,452
Net Assets
$11,069
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
VA
Principal Officer
JENNIFER GOFF
Phone
7576274722
Tax Period
2024-07-01 to 2025-06-30

REACH FOUNDATION INC (REACH ENRICHES ALL CHILDREN), founded in 1998, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring.

Mission

THE MISSION OF REACH, INC. (READING ENRICHES ALL CHILDREN) IS TO PROMOTE LITERACY FOR CHILDREN WHO ARE AT-RISK AND HOMELESS THROUGHOUT COASTAL VIRGINIA.

Program Service Accomplishments

Program 1
Expenses: $396,828

THE BIG FREE BOOKSTORE: IMAGINE A PLACE WHERE THE JOY OF READING IS ACCESSIBLE TO EVERYONE, WHERE THE SHELVES ARE STOCKED WITH A TREASURE TROVE OF STORIES WAITING TO BE DISCOVERED. THE BIG FREE...

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THE BIG FREE BOOKSTORE: IMAGINE A PLACE WHERE THE JOY OF READING IS ACCESSIBLE TO EVERYONE, WHERE THE SHELVES ARE STOCKED WITH A TREASURE TROVE OF STORIES WAITING TO BE DISCOVERED. THE BIG FREE BOOKSTORE IS EXACTLY THAT - A WELCOMING SPACE OFFERING HIGH-QUALITY, NEW, AND GENTLY USED BOOKS, WITH A SPECIAL FOCUS ON CHILDREN'S LITERATURE, YET PROVIDING RESOURCES FOR EVERY FAMILY MEMBER. OUR BOOKSTORE IS MORE THAN JUST A COLLECTION OF BOOKS; IT'S A VIBRANT COMMUNITY HUB. WITH RESOURCES SPANNING ALL AGES, WE ENSURE THAT THE JOY OF LITERARY EXPLORATION IS A SHARED FAMILY EXPERIENCE. FROM THE ENCHANTING WORLD OF CHILDREN'S FAIRY TALES TO THE THOUGHT-PROVOKING REALMS OF ADULT FICTION AND NON-FICTION, THERE'S SOMETHING FOR EVERYONE.

Program 2
Expenses: $680,276

BULK BOOK DISTRIBUTION: IN OUR QUEST TO MAKE LITERACY ACCESSIBLE TO ALL, THE BULK BOOK DISTRIBUTION PROGRAM BY REACH PLAYS A PIVOTAL ROLE. WE UNDERSTAND THAT THE POWER OF A BOOK EXTENDS FAR BEYOND...

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BULK BOOK DISTRIBUTION: IN OUR QUEST TO MAKE LITERACY ACCESSIBLE TO ALL, THE BULK BOOK DISTRIBUTION PROGRAM BY REACH PLAYS A PIVOTAL ROLE. WE UNDERSTAND THAT THE POWER OF A BOOK EXTENDS FAR BEYOND ITS PAGES, AND OUR MISSION IS TO ENSURE THAT THIS POWER REACHES AS MANY HANDS AS POSSIBLE. WE WORK CLOSELY WITH A NETWORK OF PARTNER AGENCIES IN THE AREA, PROVIDING THEM WITH NEW BOOKS AT LITTLE TO NO COST. THESE AGENCIES AND PROGRAMS, WHICH QUALIFY BASED ON THEIR COMMITMENT TO LITERACY AND COMMUNITY SERVICE, BECOME CONDUITS FOR SPREADING KNOWLEDGE AND JOY THROUGH BOOKS.

Program 3
Expenses: $56,690

GROWING READERS PROGRAM: IN A WORLD WHERE EDUCATION IS THE CORNERSTONE OF OPPORTUNITY, OUR "GROWING READERS" PROGRAM STANDS AS A TESTAMENT TO THE POWER OF SHARED KNOWLEDGE AND COMMUNITY SPIRIT. THIS...

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GROWING READERS PROGRAM: IN A WORLD WHERE EDUCATION IS THE CORNERSTONE OF OPPORTUNITY, OUR "GROWING READERS" PROGRAM STANDS AS A TESTAMENT TO THE POWER OF SHARED KNOWLEDGE AND COMMUNITY SPIRIT. THIS INITIATIVE IS DEDICATED TO DISTRIBUTING GENTLY DONATED USED BOOKS, COMPLETELY FREE OF CHARGE, TO CHILDREN, FAMILIES, AND AGENCIES, FOSTERING A CULTURE OF LITERACY AND LEARNING IN COMMUNITIES THAT NEED IT MOST.

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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 (2024)

Revenue Breakdown

Contributions & Grants $963,231
Program Service Revenue $10,901
Investment Income $9
Other Revenue $201,436
TOTAL REVENUE $1,175,577

Expense Breakdown

Grants Paid $0
Salaries & Benefits $251,000
Fundraising Expenses $4,052
Program Expenses $1,133,794
Other Expenses $909,989
TOTAL EXPENSES $1,160,989

Year-over-Year Comparison

2024 2023 Change
Revenue $1,175,577 $1,992,287 -0.4%
Expenses $1,160,989 $2,034,728 -0.4%
Net Income $14,588 $-42,441 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
13
Volunteers
650

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
4
$0
Total Directors
9
$69,221
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER GOFF EXECUTIVE DI 40.00
Director
$69,221 $0 $69,221
ELIZABETH UFKES PRESIDENT 20.00
Officer Director
$0 $0 $0
MARTY SHARPE VICE PRESIDE 2.00
Officer Director
$0 $0 $0
MINDY GUMPERT SECRETARY 2.00
Officer Director
$0 $0 $0
LAUREN HILL TREASURER 2.00
Officer Director
$0 $0 $0
JACKIE GLASS BOARD MEMBER 1.00
Director
$0 $0 $0
ALEX DEPAULA BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTIAN PONCE BOARD MEMBER 1.00
Director
$0 $0 $0
VALERIE WILLIAMSTON BOARD MEMBER 1.00
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
2025 $1,175,577 $1,160,989 $2,128,452 $14,588
2024 No data No data No data No data
2023 $1,409,025 $1,334,485 $2,017,316 $74,540
2022 $1,867,848 $1,919,224 $1,550,873 $-51,376
2021 $670,333 $660,492 $511,783 $9,841
2020 $456,143 $492,639 $385,517 $-36,496
2019 $478,762 $498,730 $287,506 $-19,968
2018 $320,742 $227,117 $198,817 $93,625
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