Reid Fam Foundation
- Assets
- $477.5k
- Revenue
- $20.7k
- Investments
- $439.2k
- Employees
- 0
- Location
- Lockport, NY
- Founding
- 03/1995
- Data as of
- 12/2021
- EIN
- 16-1465512
Organization Overview
Reid Fam Foundation is located in Lockport, NY. The organization was established in 1995. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reid Fam 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 12/2021, Reid Fam Foundation generated $20.7k 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 (17.0%) each year. All expenses for the organization totaled $30.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul D Reid President | 1 | $0 | |
Steven T Reid Treasurer | 1 | $0 | |
Kathryn M Reid Vice President | 1 | $0 | |
Robert W Reid Secretary | 1 | $0 | |
Arnold Keller Director | 0 | $0 | |
James Bedard Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $17,565 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,082 |
| Capital Gain Net Income | $3,082 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,653 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $436 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $4,013 |
| Contributions, gifts, grants paid | $26,750 |
| Total expenses and disbursements | $30,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $38,211 |
| 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 | $218,259 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $103 |
| Total assets | $477,495 |
| 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, Reid Fam Foundation has awarded $26,750 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
JUNIOR ACHIEVEMENT OF WNY PURPOSE: CHARITABLE | $9,500 |
HISTORIC PALACE THEATER LOCKPORT PURPOSE: CHARITABLE | $7,500 |
Arlington, VA PURPOSE: CHARITABLE | $2,500 |
THE FUEL FOUNDATION PURPOSE: CHARITABLE | $2,500 |
DESALES CATHOLIC SCHOOL PURPOSE: CHARITABLE | $1,000 |
Lockport, NY PURPOSE: CHARITABLE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Student Sponsor Partnership Inc New York, NY | $20,973,372 | $7,857,689 |
Walnut Hill Properties Corporation Medford, MA | $18,573,338 | $2,951,410 |
Needham Education Foundation Inc Needham, MA | $1,774,391 | $313,155 |
Justice Resource Center New York, NY | $2,558,797 | $417,469 |
Rural Education Action Project Montpelier, VT | $184,755 | $231,248 |
The York County Alliance For Learning York, PA | $117,711 | $0 |
Mission Hill Community School Council Inc Boston, MA | $8,257 | $0 |
Ventures In Education Inc New York, NY | $561,548 | $31,324 |
Three Rivers Area Labor Management Committee Inc Canonsburg, PA | $9,813 | $0 |
Meadville Area Chamber Of Commerce Foundation Meadville, PA | $61,333 | $0 |
Westchester County Association Of Municipal Public Works Scarsdale, NY | $134,412 | $0 |
Reid Fam Foundation Lockport, NY | $477,495 | $20,653 |