Terrell B Reese Charitable Foundation
- Assets
- $449.2k
- Revenue
- $15.8k
- Investments
- $429.6k
- Employees
- 0
- Location
- Brooklyn, OH
- Founding
- 09/1995
- Data as of
- 12/2022
- EIN
- 35-1958779
Organization Overview
Terrell B Reese Charitable Foundation is located in Brooklyn, OH. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Terrell B Reese Charitable 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, Terrell B Reese Charitable Foundation generated $15.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (51.6%) each year. All expenses for the organization totaled $56.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Terrell B Reese Charitable Foundation has awarded 16 individual grants totaling $155,020. 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 |
|---|---|---|---|
Terrell B Reese Advisor | 1 | $0 | |
Keybank N A Trustee | 1 | $5,183 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,090 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,710 |
| Capital Gain Net Income | $4,710 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,800 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,183 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $532 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,765 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $56,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,651 |
| 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 | $429,593 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $449,244 |
| 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, Terrell B Reese Charitable Foundation has awarded $50,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
APEX PURPOSE: ANNUAL CONTRIBUTION | $5,000 |
FIRST BAPTIST CHURCH PURPOSE: GENERAL OPERATING | $13,000 |
BAPTIST CHILDRENS HOME PURPOSE: FOR INTERNATIONAL | $8,000 |
STEWARDSHIP SERVICES FOUNDATION PURPOSE: FOR COMPUTER REPLACEMENT & | $18,000 |
NARRAMORE CHRISTIAN FOUNDATION PURPOSE: GENERAL OPERATING | $6,000 |