Julian Reiss Foundation
- Assets
- $1.9m
- Revenue
- $143.5k
- Investments
- $1.5m
- Employees
- 0
- Location
- South Hamilton, MA
- Founding
- 08/1962
- Data as of
- 12/2023
- EIN
- 14-6012292
Organization Overview
Julian Reiss Foundation is located in South Hamilton, MA. The organization was established in 1962. 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. Julian Reiss Foundation 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 12/2023, Julian Reiss Foundation generated $143.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $243.0k during the year ending 12/2023. While expenses have increased by 8.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Julian Reiss Foundation has awarded 25 individual grants totaling $547,179. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORSHIP FOR SUMMER DAY CAMP PROGRAMS FOR ST AGNES SCHOOL AND PARISH ON THE FOUNDATION'S PROPERTY IN LAKE PLACID, NY, AS WELL AS SPONSORSHIP OF SUMMER OVERNIGHT PROGRAMS ON THE FOUNDATION'S LAKE PLACID PROPERTY FOR INNER CITY CHILDREN FROM ST IGNATIUS SCHOOL AND THE CITYSQUASH PROGRAM IN NYC, IN ADDITION TO ADDITIONAL DAY AND OVERNIGHT RETREAT PROGRAMS ON THE FOUNDATION'S PROPERTY FOR CERTAIN OTHER PARTNER PROGRAMS (EG FAMILIES FIRST, FORESIGHT PROJECT).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Sloan Director | 0.25 | $0 | |
Sara Desantis Moody Director | 0.25 | $0 | |
Mary Margaret Watson Director | 0.25 | $0 | |
Greg Reiss Director | 1.5 | $0 | |
Hannah C Reiss Director | 0.5 | $0 | |
John Reiss Executive Chairman | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $47,300 |
| Interest on Savings | $5 |
| Dividends & Interest | $45,919 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $50,319 |
| Capital Gain Net Income | $50,319 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $143,543 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,844 |
| Depreciation | $10,348 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $136,934 |
| Total operating and administrative expenses | $155,071 |
| Contributions, gifts, grants paid | $87,910 |
| Total expenses and disbursements | $242,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,068 |
| Savings and temporary cash investments | $4,941 |
| 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 | $1,494,128 |
| Net Land, buildings, and equipment | $309,739 |
| Other assets | $0 |
| Total assets | $1,856,876 |
| 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, Julian Reiss Foundation has awarded $87,910 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ADIRONDACK FOUNDATIONSOA PURPOSE: A DONATION FOR LAKE PLACID MAINTENANCE AND WATER QUALITY | $2,000 |
FORESIGHT PROJECT PURPOSE: SPONSORSHIP OF SUMMER RETREAT PROGRAM | $1,285 |
ST AGNES SCHOOL PURPOSE: TUITION ASSISTANCE AND SPONSORSHIP OF SUMMER CAMP PROGRAMS. | $25,000 |
ST IGNATIUS SCHOOL PURPOSE: CONTRIBUTION OF $10,000 FOR THEIR FUNDRAISING GALA.PROGRAM GRANT OF $49,625 FOR OPERATION OF SUMMER CAMP. | $59,625 |