Phyllis L Reed Trust
- Assets
- $846.7k
- Revenue
- $10.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 05/2011
- Data as of
- 12/2022
- EIN
- 13-6893488
Organization Overview
Phyllis L Reed Trust is located in Pittsburgh, PA. The organization was established in 2011. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Phyllis L Reed Trust 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, Phyllis L Reed Trust generated $10.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (46.3%) each year. All expenses for the organization totaled $873.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Phyllis L Reed Trust has awarded 12 individual grants totaling $2,771,310. 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 |
|---|---|---|---|
Edmond V'ledonne Co-Trustee | 0 | $0 | |
Bny Mellon N A Trustee | 1 | $11,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,829 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,829 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,150 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,636 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $32,786 |
| Contributions, gifts, grants paid | $840,598 |
| Total expenses and disbursements | $873,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $846,679 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $846,679 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Phyllis L Reed Trust has awarded $840,598 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
WALDO COUNTY GENERAL HOSPITAL PURPOSE: GENERAL OPERATING | $336,239 |
BANGOR THEOLOGICAL SEMINARY PURPOSE: GENERAL OPERATING | $84,060 |
WHITE PLAINS HOSPITAL MEDICAL CTR PURPOSE: GENERAL OPERATING | $336,239 |
BUCKSPORT REGIONAL HEALTH PURPOSE: GENERAL OPERATING | $84,060 |