Reach Academy Charter School
Nonprofit profile at a glance
- EIN
- 813022263
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024
- Location
- Buffalo, NY, USA
- Phone
- 7162481485
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
Reported finances
- Revenue
- $15,497,793
- Expenses
- $14,962,784
- Assets
- $21,585,705
- Liabilities
- $17,977,015
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Highest reported compensation
- LINDA MARSZALEK (HEAD OF SCHOOL): $186,762 total reported compensation
- LEE PIERCE (SCHOOL PRINCIPAL): $133,767 total reported compensation
- MICHAEL OLSEN (DIRECTOR OF FACILITIES & T): $131,794 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of reach academy charter school is to ensure the achievement of high academic standards for city of buffalo and suburban districts' students through a hands-on authentic learning environment. Scholars of reach academy charter school will learn the value of service, leadership, character and citizenship, along with effective communication skills as evident in reading, writing, mathematical and technological competencies. Reach academy charter school will provide the tools for scholars to rise above the limitations often posed by poverty, disability and the struggle to achieve english language proficiency.
What it reported doing in 2024
Education services - reach academy charter school focused on providing rich language experiences designed specifically to develop language abilities in vocabulary and background knowledge.
Operating model
- Revenue model
- Earned-program. 89% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 74
- Accountability: 100
- Sustainability: 45
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.4%; rating input score 83
- Program expense ratio: 88.1%; rating input score 88
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3.5%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 1.44; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: 0.83; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 5.2%; rating input score 49; 49th percentile among comparable filings
Growth
- Program expense growth: 25.5% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: 24.6% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: 38.6% per year; rating input score 100; 98th percentile among comparable filings
Details
- Where the money goes: 83.4% of revenue deployed · 88.1% of spending went to programs
- Governance: 6 of 6 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $13.2M in reported program spending
- Leadership: top reported pay $187K · 12 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $190K reported
- Consistency: 32 of 32 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 8 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 48/100.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.
- High — Sustainability: Liabilities to assets ratio scored 13/100.
- Moderate — Sustainability: Officer compensation ratio scored 49/100.