Christopher Reynolds Foundation Inc
- Assets
- $19.5m
- Revenue
- $928.4k
- Investments
- $18.3m
- Employees
- 0
- Location
- Sea Girt, NJ
- Founding
- 04/1953
- Data as of
- 12/2022
- EIN
- 13-6129401
Organization Overview
Christopher Reynolds Foundation Inc is located in Sea Girt, NJ. The organization was established in 1953. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christopher Reynolds Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Christopher Reynolds Foundation Inc generated $928.4k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Christopher Reynolds Foundation Inc has awarded 178 individual grants totaling $3,243,839. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Panaritis Exec.dir./sec./assist.trea | 40 | $274,400 | |
John Boettiger Chair | 2 | $3,000 | |
Suzanne Derrer Director | 0.5 | $3,000 | |
Virginia Kahn Director | 0.5 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $35,134 |
| Dividends & Interest | $280,776 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $640,121 |
| Capital Gain Net Income | $640,121 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$27,631 |
| Total Revenue | $928,400 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $283,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $77,024 |
| Interest | $0 |
| Taxes | $42,569 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,623 |
| Printing and publications | $0 |
| Other expenses | $38,401 |
| Total operating and administrative expenses | $727,001 |
| Contributions, gifts, grants paid | $1,023,700 |
| Total expenses and disbursements | $1,750,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285,550 |
| Savings and temporary cash investments | $902,836 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,493,083 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,498,919 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $5,577 |
| Total liabilities | $5,577 |
Grants Awarded
Over the last fiscal year, Christopher Reynolds Foundation Inc has awarded $1,023,700 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
ARTS BAYSIDE MLK JR PURPOSE: GENERAL SUPPORT | $2,000 |
ARTHUR MORGAN INSTITUTE PURPOSE: GENERAL SUPPORT | $12,700 |
ARTHUR MORGAN INSTITUTE PURPOSE: GENERAL SUPPORT | $19,000 |
ASPEN GLOBAL CHANGE INSTITUTE PURPOSE: GENERAL SUPPORT | $20,000 |
BERKSHIRE WALDORF HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $500 |
BERKSHIRE ENVIRONMENTAL ACTION PURPOSE: GENERAL SUPPORT | $5,000 |