DON CAREY REECH FOUNDATION

EIN: 825147099 501(c)(3) Youth Development

Chesapeake, VA

Total Revenue
$16,835
Total Expenses
$6,855
Total Assets
$46,687
Net Assets
$46,687
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
VA
Principal Officer
Don Carey III
Phone
2022576749
Tax Period
2020-09-01 to 2021-08-31

THE DON CAREY REECH FOUNDATION INC, founded in 2017, is a micro nonprofit in the Youth Development sector that reported $20K in total revenue in fiscal year 2019. Revenue fell 65% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $12K, a strong 60% operating margin.

Mission

THE DON CAREY REECH FOUNDAION PROVIDES EDUCATION AND STEAM(SCIENCE, TECHNOLOGY, EDUCATION, ARTS AND MATHEMATICS) OPPORTUNITIES TO YOUTH WHO OHERWISE MAY NOT REALIZE THESE OPPORTUNITIES ARE WITHIN THEIR REACH.

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Trantor Score

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

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $16,808
Program Service Revenue $0
Investment Income $27
Other Revenue $0
TOTAL REVENUE $16,835

Expense Breakdown

Grants Paid $3,321
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,321
Other Expenses $3,534
TOTAL EXPENSES $6,855

Year-over-Year Comparison

2020 2019 Change
Revenue $16,835 $20,288 -0.2%
Expenses $6,855 $8,100 -0.2%
Net Income $9,980 $12,188 -0.2%
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

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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
7
Independent Members
7
Employees
N/A
Volunteers
7

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
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEXIS MARTIN BOARD MEMBER 1
Director
$0 $0 $0
TERRON CONYERS BOARD MEMBER 1
Director
$0 $0 $0
DELORES POLITE BOARD MEMBER 1
Director
$0 $0 $0
LAKEISHA CAREY EXECUTIVE DIRECTOR 1
Officer
$0 $0 $0
RAY HENDERSON TREASURER 1
Officer
$0 $0 $0
DON CAREY III CHAIRMAN OF THE BOARD 1
Officer
$0 $0 $0
KAREN ROBERTSON SECRETARY 1
Officer
$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
2021 $16,835 $6,855 $46,687 $9,980
2020 $20,288 $8,100 $36,707 $12,188
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