Reese-Shackelford Foundation
- Assets
- $10.9m
- Revenue
- $7.9m
- Investments
- $1.0m
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 12/1994
- Data as of
- 12/2021
- EIN
- 31-1418621
Organization Overview
Reese-Shackelford Foundation is located in Columbus, OH. The organization was established in 1994. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reese-Shackelford 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, Reese-Shackelford Foundation generated $7.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 58.1% each year . All expenses for the organization totaled $4.0m during the year ending 12/2021. While expenses have increased by 39.4% 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.
Since 2014, Reese-Shackelford Foundation has awarded 300 individual grants totaling $8,156,600. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE FOUNDATION IS TO SUPPORT EDUCATIONAL ISSUES AND OTHER CHARITABLE AND RELIGIOUS PURPOSES.
Describe the Organization's Program Activity:
EDUCATION
ARTS & HUMANITIES
SOCIAL SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Louis Vice Chair/secy/trustee | OfficerTrustee | 1 | $0 |
Alison S Monaghan Chair/trustee | OfficerTrustee | 1 | $0 |
Lee Shackelford Vice Chair/treas/trustee | OfficerTrustee | 1 | $0 |
Douglas F Kridler Asst Secy/president | Officer | 0.5 | $0 |
Scott G Heitkamp Asst Treasurer | Officer | 0.5 | $0 |
Don M Casto III Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $201,853 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4 |
| Net Rental Income | -$22 |
| Net Gain/Loss on Asset Sales | $7,700,969 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,902,773 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,976,250 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $34,997 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,059 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,015,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $77,741 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $200 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,804,413 |
| Investments—other securities | $1,022,728 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,905,082 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $10,000 |
| 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 | $0 |
| Total liabilities | $10,000 |
| Net assets without donor restrictions | $10,895,082 |
| Net assets with donor restrictions | $0 |
| 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 | $10,905,082 |
Grants Awarded
Over the last fiscal year, Reese-Shackelford Foundation has awarded $3,945,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Granville, OH PURPOSE: EDUCATION | $1,500,000 |
Columbus, OH PURPOSE: EDUCATION | $1,500,000 |
Columbus, OH PURPOSE: ARTS AND HUMANITIES | $500,000 |
Columbus, OH PURPOSE: ARTS AND HUMANITIES | $350,000 |
Columbus, OH PURPOSE: ARTS AND HUMANITIES | $25,000 |
Columbus, OH PURPOSE: ARTS AND HUMANITIES | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Evangelical Services For The Aging Warminster, PA | $27,952,324 | $19,280,063 |
Applewood Centers Inc Shaker Heights, OH | $31,325,035 | $19,367,243 |
Yum Brands Foundation Inc Louisville, KY | $62,047,633 | $1,353,894 |
Bell Socialization Services Inc York, PA | $8,348,943 | $17,857,924 |
Truth For Life Solon, OH | $28,565,821 | $20,814,256 |
D A Blodgett-St Johns Grand Rapids, MI | $32,947,785 | $18,508,103 |
Valley Health Care Inc Mill Creek, WV | $12,122,859 | $14,871,772 |
Michigan Nonprofit Association Lansing, MI | $6,155,794 | $10,465,564 |
Enterprise Center Capital Corporation Philadelphia, PA | $134,514,899 | $23,652,312 |
Mareda Inc Toledo, OH | $0 | $769,242 |
Lincoln Financial Foundation Inc Radnor, PA | $4,895,429 | $8,366,668 |
Ohio Laborers Training And Apprenticeship Fund Westerville, OH | $24,371,350 | $8,394,060 |