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REACHINGU A FOUNDATION FOR URUGUAY

Changing lives through education in Uruguay

aka ReachingU   |   Key Biscayne, FL   |  http://reachingu.org/
GuideStar Charity Check

REACHINGU A FOUNDATION FOR URUGUAY

EIN: 01-0599150


Mission

At Fundación ReachingU we believe that providing a comprehensive quality education to the most vulnerable children and teens in Uruguay contributes to their well-being and that of the entire community.

Ruling year info

2003

Executive Director

Mrs. Fernanda Guliak

Main address

328 Crandon Blvd, Suite 119-308

Key Biscayne, FL 33149 USA

Show more contact info

EIN

01-0599150

Subject area info

Education

International development

Disaster relief

Population served info

Children and youth

Women and girls

Low-income people

NTEE code info

International Relief (Q33)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

ReachingU

ReachingU is a foundation that co-creates and financially supports programs aimed at improving the education of the most vulnerable children and adolescents in Uruguay.

We promote and provide funding for quality and high-impact educational programs in private and public institutions of our country.

We believe that every child has the right to learn, so we fund programs that focus on the student and the quality of their learning.

All the programs that we fund aim directly at the main challenges faced by Uruguayan education.

Population(s) Served
Children and youth

Where we work

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Financials

REACHINGU A FOUNDATION FOR URUGUAY
Fiscal year: Jan 01 - Dec 31
Financial documents
2021 ReachingU, A Foundation for Uruguay 2020 ReachingU, A Foundation for Uruguay 2019 2019 Financial Report 2018
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

12.28

Average of 51.30 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

20.8

Average of 15.7 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

11%

Average of 15% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

REACHINGU A FOUNDATION FOR URUGUAY

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

REACHINGU A FOUNDATION FOR URUGUAY

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

REACHINGU A FOUNDATION FOR URUGUAY

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of REACHINGU A FOUNDATION FOR URUGUAY’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$353,888 -$70,982 $347,724 $905,732 $382,806
As % of expenses -12.4% -9.1% 39.8% 90.9% 27.2%
Unrestricted surplus (deficit) after depreciation -$353,888 -$70,982 $347,724 $905,732 $382,806
As % of expenses -12.4% -9.1% 39.8% 90.9% 27.2%
Revenue composition info
Total revenue (unrestricted & restricted) $1,449,899 $742,057 $1,190,453 $1,912,051 $1,825,484
Total revenue, % change over prior year -68.0% -48.8% 60.4% 60.6% -4.5%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.1% 0.1% 0.2%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 100.0% 100.0% 100.0% 100.1% 99.8%
Other revenue 0.0% 0.0% -0.1% -0.2% -0.1%
Expense composition info
Total expenses before depreciation $2,848,787 $780,039 $873,559 $996,769 $1,406,448
Total expenses, % change over prior year -13.6% -72.6% 12.0% 14.1% 41.1%
Personnel 6.8% 25.1% 25.0% 23.9% 20.8%
Professional fees 0.3% 2.6% 2.8% 2.9% 1.8%
Occupancy 0.0% 0.0% 0.0% 0.0% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 92.2% 69.4% 66.9% 69.1% 74.8%
All other expenses 0.8% 2.9% 5.3% 4.1% 2.6%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $2,848,787 $780,039 $873,559 $996,769 $1,406,448
One month of savings $237,399 $65,003 $72,797 $83,064 $117,204
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $3,086,186 $845,042 $946,356 $1,079,833 $1,523,652

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 4.6 16.8 19.6 23.2 20.8
Months of cash and investments 4.6 16.8 19.6 23.2 20.8
Months of estimated liquid unrestricted net assets 4.8 16.4 19.4 27.9 23.1
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $1,103,791 $1,090,850 $1,424,914 $1,927,818 $2,442,238
Investments $0 $0 $0 $0 $0
Receivables $95,650 $73,024 $85,000 $57,054 $40,233
Gross land, buildings, equipment (LBE) $0 $0 $0 $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 2.7% 2.9% 4.2% 5.0% 6.8%
Unrestricted net assets $1,137,171 $1,066,189 $1,413,913 $2,319,645 $2,702,451
Temporarily restricted net assets $30,948 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $30,948 $63,948 $33,118 $42,638 $78,793
Total net assets $1,168,119 $1,130,137 $1,447,031 $2,362,283 $2,781,244

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Executive Director

Mrs. Fernanda Guliak

Fernanda Guliak was appointed as Executive Director in mid-2013. Before holding this position, Fernanda was a ReachingU volunteer and for many years she worked as Development Director in New York. Fernanda is an Economist, graduated from Columbia University in New York. Fernanda lived most of her life outside Uruguay, in Mexico City, New York and São Paulo. In Mexico, she studied part of her degree at the ITAM (Autonomous Technological Institute of Mexico) and in São Paulo she completed a diploma course on Corporate Social Responsibility at the Getulio Vargas Foundation.

Number of employees

Source: IRS Form 990

REACHINGU A FOUNDATION FOR URUGUAY

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

REACHINGU A FOUNDATION FOR URUGUAY

Board of directors
as of 02/23/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board co-chair

Mr. Aldo Polak

Cisneros Group

Term: 2023 - 2024


Board co-chair

Mrs. Beatriz Ponce de León

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Term: 2024 - 2023

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Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? No
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 8/9/2022

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
Hispanic/Latino/Latina/Latinx
Gender identity
Female
Sexual orientation
Decline to state
Disability status
Decline to state

Race & ethnicity

No data

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data

There are no contractors recorded for this organization.

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities
Gross receipts from fundraising
Retained by organization
Paid to fundraiser