Reveas Foundation
- Assets
- $2.5m
- Revenue
- $93.8k
- Investments
- $3.4k
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 01/1999
- Data as of
- 12/2022
- EIN
- 22-3621474
Organization Overview
Reveas Foundation is located in Palm Beach Gardens, FL. The organization was established in 1999. 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. Reveas 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 12/2022, Reveas Foundation generated $93.8k 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 (39.3%) each year. All expenses for the organization totaled $447.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Reveas Foundation has awarded 278 individual grants totaling $9,548,661. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A-NONOPERATING FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel T Reeves President/treas | 0.1 | $0 | |
Charles Scott Hulme Secretary | 0.5 | $0 | |
Michael J Dougherty ESQ Assistant Sec. | 0 | $0 | |
Elizabeth W Reeves Director | 0.1 | $0 | |
Elizabeth R Hulme Director | 0.1 | $0 | |
Annesley R Macfarlane Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $107,354 |
| Interest on Savings | $2,855 |
| Dividends & Interest | $9,627 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$26,047 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $93,789 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $225 |
| Total operating and administrative expenses | $2,846 |
| Contributions, gifts, grants paid | $444,500 |
| Total expenses and disbursements | $447,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $377,473 |
| Savings and temporary cash investments | $2,066,313 |
| 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 | $11,730 |
| Total assets | $2,458,889 |
| 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, Reveas Foundation has awarded $444,500 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL PARK CONSERVANCY PURPOSE: ONGOING OPERATIONS, CAPITAL IMPROVEMENTS | $9,500 |
CARMEL PRESBYTERIAN CHURCH PURPOSE: ONGOING MINISTRIES | $50,000 |
BAY AREA LYME FOUNDATION PURPOSE: ONGOING RESEARCH AND OPERATIONS | $5,000 |
INTERVARSITY CHRISTIAN FELLOWSHIP PURPOSE: ONGOING MINISTRIES | $10,000 |
HARLEM CHILDREN'S ZONE PURPOSE: ONGOING OPERATIONS | $275,000 |
LA FELIZ GUILD PURPOSE: ONGOING OPERATIONS | $1,000 |