William A Reed And Mary J Reed Charitable Family Foundation
- Assets
- $34.2m
- Revenue
- $5.3m
- Investments
- $31.7m
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 01/2000
- Data as of
- 12/2021
- EIN
- 43-6831861
Organization Overview
William A Reed And Mary J Reed Charitable Family Foundation is located in Kansas City, MO. The organization was established in 2000. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. William A Reed And Mary J Reed Charitable 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 12/2021, William A Reed And Mary J Reed Charitable Family Foundation generated $5.3m in total revenue. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 84.7% per year over the past 4 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 2020, William A Reed And Mary J Reed Charitable Family Foundation has awarded 32 individual grants totaling $3,144,500. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECTION IS NOT APPLICABLE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dianne M Reed Treasurer Director | 12 | $59,995 | |
Bryan A Reed President Director | 3 | $1,800 | |
Jeffrey H Reed Director | 1 | $1,800 | |
Rita R Reed Secretary | 2 | $1,800 | |
Teresa C Reed Director | 1 | $1,800 | |
William M Reed Director | 1 | $1,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,276,379 |
| Interest on Savings | $4,594 |
| Dividends & Interest | $925,819 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,118,016 |
| Capital Gain Net Income | $2,118,016 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $29 |
| Total Revenue | $5,324,837 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $68,995 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $14,549 |
| Interest | $0 |
| Taxes | $4,697 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1 |
| Total operating and administrative expenses | $208,760 |
| Contributions, gifts, grants paid | $1,292,500 |
| Total expenses and disbursements | $1,501,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,512,952 |
| 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 | $34,241,710 |
| 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 | $14,549 |
| Total liabilities | $14,549 |
Grants Awarded
Over the last fiscal year, William A Reed And Mary J Reed Charitable Family Foundation has awarded $1,292,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
UNIV OF KS HOSPITAL PURPOSE: GENERAL SUPPORT EDUCATIONAL | $750,000 |
DONOR ADVISED FUND C PURPOSE: GENERAL SUPPORT EDUCATIONAL HUMANITARIAN | $125,000 |
DONOR ADVISED FUND A PURPOSE: GENERAL SUPPORT EDUCATIONAL HUMANITARIAN | $125,000 |
DONOR ADVISED FUND B PURPOSE: GENERAL SUPPORT EDUCATIONAL HUMANITARIAN | $125,000 |
NELSON ATKINS MUSEUM PURPOSE: GENERAL SUPPORT EDUCATIONAL | $55,000 |
PET RESCUE CENTER OF KC PURPOSE: PREVENTION OF CRELTY TO ANIMALS EDUCATIONAL | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quad Cities Golf Classic Charitable Foundation East Moline, IL | $5,926,812 | $12,981,935 |
Excellerate Foundation Charitable Support Rogers, AR | $173,087,242 | $16,463,917 |
Jewel Nail Bomar Trust 8336230300 Chicago, IL | $101,133,335 | $15,350,534 |
Pious Projects Of America Bridgeview, IL | $2,395,968 | $8,177,090 |
William R Orthwein Jr And Laura Rand Orthwein Foundation Inc St Louis, MO | $73,594,056 | $14,006,042 |
Worth County Development Authority Northwood, IA | $8,240,749 | $6,157,684 |
Wayfarer Foundation Highland Park, IL | $333,654 | $4,731,977 |
Washington County Riverboat Foundation Washington, IA | $2,209,057 | $4,844,569 |
David & Lezlie Hudiburg Family Fdn Foundation Oklahoma City, OK | $0 | $1,762 |
Royals Charities Inc Kansas City, MO | $948,636 | $2,777,032 |
No Stone Unturned Foundation Manhattan, KS | $1,585,423 | $2,930,431 |
Karam Foundation Nfp Lake Forest, IL | $4,231,584 | $2,840,038 |