The Reid Family Foundation is located in Pound Ridge, NY. The organization was established in 1995. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reid Family 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, Reid Family Foundation generated $15.8k in total revenue. All expenses for the organization totaled $10.2k during the year ending 12/2023. While expenses have increased by 69.4% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCREASED ASSETS THROUGH INVESTMENT INCOME. INCREASED DONATIONS AND CONTINUED SUPPORT OF HABITAT FOR HUMANITY AND BROADENED TARGETED ORGANIZATIONS TO HIGHER EDUCATION AND CULTURAL INSTITUTIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kevin Reid President | 1 | $0 | |
Mackenzie Reid Secretary | 1 | $0 | |
Steve Portas Treasurer | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $15,839 |
Dividends & Interest | $0 |
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 | $15,839 |
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 | $0 |
Total operating and administrative expenses | $200 |
Contributions, gifts, grants paid | $10,000 |
Total expenses and disbursements | $10,200 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $329,793 |
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 | $329,793 |
Accounts payable and accrued expenses | $7,025 |
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 | $7,025 |
Over the last fiscal year, The Reid Family Foundation has awarded $10,000 in support to 4 organizations.
Grant Recipient | Amount |
---|---|
HABITAT FOR HUMANITY PURPOSE: FULFILLING PLEDGE | $2,500 |
COLGATE UNIVERSITY PURPOSE: SUPPORT EDUCATION | $2,500 |
CARAMOR ARTS CENTER PURPOSE: SUPPORT MUSIC & ARTS | $2,500 |
UNIVERSITY OF ST ANDREWS PURPOSE: SUPPORT EDUCATION | $2,500 |