Kristin And Michael Reed Familyfoundation Inc
- Assets
- $4.0m
- Revenue
- $362.3k
- Investments
- $4.0m
- Employees
- 0
- Location
- New Canaan, CT
- Founding
- 03/2006
- Data as of
- 10/2023
- EIN
- 20-3970201
Organization Overview
Kristin And Michael Reed Familyfoundation Inc is located in New Canaan, CT. The organization was established in 2006. 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. Kristin And Michael Reed Familyfoundation 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 10/2023, Kristin And Michael Reed Familyfoundation Inc generated $362.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $230.0k during the year ending 10/2023. While expenses have increased by 4.3% per year over the past 7 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 2014, Kristin And Michael Reed Familyfoundation Inc has awarded 423 individual grants totaling $1,866,662. 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 |
|---|---|---|---|
Michael J Reed Chairman | 1 | $0 | |
Kristin T Reed Secretary | 1 | $0 | |
Mary C Reed Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $224,832 |
| Interest on Savings | $0 |
| Dividends & Interest | $108,379 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,106 |
| Capital Gain Net Income | $29,106 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $362,317 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,641 |
| Total operating and administrative expenses | $7,431 |
| Contributions, gifts, grants paid | $222,530 |
| Total expenses and disbursements | $229,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,566 |
| 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 | $3,986,566 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,000,132 |
| 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, Kristin And Michael Reed Familyfoundation Inc has awarded $222,530 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: HUMAN SERVICE- SUPPORT DOMESTIC DISASTER RELIEF, MILITARY MEMBERS & THEIR FAMILIES, EDUCATIONAL PROGRAM THAT SUPPORTS HEALTH & SAFETY, AND INTERNATINAL RELIEF & DEVELOPMENT PROGRAMS.HUMAN SERVICE-U.S. DOMESTIC DISASTER RELIEF; COMMUNITY SERVICES, AND HELP FOR THE NEEDY.U.S. DOMESTICE DISASTER RELIEF, COMMUNITY SERVICES,AND HELP FOR THE NEEDY.HEALTHCARE-DOMESTIC DISASTER AND BLOOD PROGRAMS | $1,500 |
A BETTER CHANCE OF NEW CANAAN PURPOSE: EDUCATION & EDUCATIONAL SUPPORT - MISSION TO OFFER STUDENTS A RANGE OF OPPORTUNITIES, TO LEARN IN AN EXCELLENT EDUCATIONAL PROGRAM THAT WILL AFFIRM & NURTURE THEIR ACADEMIC TALENT | $2,500 |
APPALACHIAN TRAIL CONSERVANCY PURPOSE: OPEN SPACE PRESERVATION - MISSION TO PROTECT, MANAGE, AND ADVOCATE FOR THE APPALACHIAN NATIONAL SCENIC TRAIL | $500 |
CANCER RESEARCH INSTITUTE PURPOSE: HEALTH CARE-DEDICATED TO HARNESSING THE IMMUNE SYSTEM TO CONQUER CANCER BY PROVODING GRANTS AND FELLOWSHIPS TO SUPPORT SCIENTISTS AT LEADING RESEARCH INIVERSITIES AND CLINICS AROUND THE WORLD | $2,000 |
CARE PURPOSE: HUMAN SERVICE-FIGHTING GLOBAL POVERTY BY SERVING INDIVIDUALS AND FAMILIES IN THE POOREST COMMUNITIES IN THE WORLD | $2,500 |
CARSON TREATMENT CENTERS PURPOSE: HUMAN SERVICE-ASSIST THE POOR & VULNERABLE IN NYC THROUGH AN EXTENSIVE FEDERATION OF MORE THAN 130 HUMAN SERVICE AGENCIES & PROGRAMS. | $1,500 |