Reliant Foundation Inc
- Assets
- $27.9m
- Revenue
- $695.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Worcester, MA
- Founding
- 09/1988
- Data as of
- 12/2023
- EIN
- 22-2912515
Organization Overview
Reliant Foundation Inc is located in Worcester, MA. The organization was established in 1988. As of 12/2023, Reliant Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reliant 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 12/2023, Reliant Foundation Inc generated $695.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Reliant Foundation Inc has awarded 335 individual grants totaling $5,226,501. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH AND WELL-BEING OF INDIVIDUALS OF ALL AGES IN THE CENTRAL AND METROWEST REGIONS OF MASSACHUSETTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF COMMUNITY HEALTH AND WELLNESS PROGRAMS THAT IMPROVE THE HEALTH STATUS OF THE POPULATION, ESPECIALLY THE YOUTH AND THE ECONOMICALLY DISADVANTAGED.SUPPORT COMMUNITY GRANTS FOCUSED ON YOUTH MENTAL HEALTH AND BEHAVIORAL HEALTH AND HELPING INDIVIDUALS REACH RECOVERY FROM SUBSTANCE USE DISORDER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Andreoli Trustee | Trustee | 1 | $0 |
Elizabeth Degrush DO Trustee | Trustee | 1 | $0 |
Robert Klugman MD Trustee | Trustee | 1 | $0 |
Marianne E Felice MD Board Chair | OfficerTrustee | 1 | $0 |
Joshua M Greenberg MD Vice Board Chair | OfficerTrustee | 1 | $0 |
Maria T Paul Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $187,561 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,135 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $220,696 |
| Total Program Service Revenue | $0 |
| Investment income | $825,361 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$325,291 |
| Net Income from Fundraising Events | -$25,559 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $695,207 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $850,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $357,045 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $130,425 |
| Fees for services: Other | $99,642 |
| Advertising and promotion | $22,681 |
| Office expenses | $28,282 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,609 |
| Travel | $1,733 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $703 |
| Insurance | $23,455 |
| All other expenses | -$84,382 |
| Total functional expenses | $1,511,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $563,728 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $110,257 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,951 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $27,086,817 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $129,851 |
| Total assets | $27,900,604 |
| Accounts payable and accrued expenses | $74,168 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $89,807 |
| Total liabilities | $163,975 |
| Net assets without donor restrictions | $27,735,959 |
| Net assets with donor restrictions | $670 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $27,900,604 |
Grants Awarded
Over the last fiscal year, Reliant Foundation Inc has awarded $840,000 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
ABBY'S HOUSE PURPOSE: WOMEN'S SERVICES PROGRAM | $20,000 |
ADDICTION REFERRAL CENTER PURPOSE: PROJECT B.R.A.V.E. (BUILDING RECOVERY ACCESSIBILITY THROUGH VALIDATION AND HEALT | $10,000 |
ADOLESCENT CONSULTATION SERVICES (ACS) PURPOSE: DIRECT MENTAL HEALTH SERVICES FOR YOUTH AT FRAMINGHAM JUVENILE COURT | $15,000 |
ADULT & TEEN CHALLENGE NE PURPOSE: CAPITAL RENOVATIONS AT THE CHATHAM ST. ADULT MEN'S RECOVERY CENTER | $25,000 |
AFRICAN COMMUNITY EDUCATION (ACE) PURPOSE: THINK/GIVE SOCIAL-EMOTIONAL LEARNING FOR THE SATURDAY PROGRAM | $10,200 |
ADVOCATES PURPOSE: ENSURING CARE FOR SPANISH-SPEAKING CHILDREN NEEDING MENTAL HEALTH SERVICES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Va Research Institute Inc Boston, MA | $28,144,486 | $17,108,717 |
Ocean State Research Institute Inc Providence, RI | $2,727,296 | $5,983,699 |
Nassau Health Care Foundation Inc East Meadow, NY | $5,128,646 | $2,169,556 |
Veterans Health Research Institute Of Central New York Inc Syracuse, NY | $890,429 | $1,597,730 |
Reliant Foundation Inc Worcester, MA | $27,900,604 | $695,207 |
Corporation For Advancement Of Medical Technologies Boston, MA | $1,504,236 | $681,017 |
Carl J Shapiro Institute For Education & Research At Harvard Boston, MA | $5,019,537 | $631,964 |
Mcgrorty Foundation Inc Brewster, NY | $4,084,476 | $208,371 |
The Albert And Lin Bildner Foundation Inc New York, NY | $785,475 | $46,590 |
American Federation For Medical Research Foundation Beverly, MA | $137,918 | $0 |
Cancer Research Foundation Inc Chappaqua, NY | $135,192 | $0 |