Inez L Reed Charitable Foundation
- Assets
- $462.4k
- Revenue
- $31.1k
- Investments
- $455.8k
- Employees
- 0
- Location
- Smith Center, KS
- Founding
- 02/1995
- Data as of
- 03/2024
- EIN
- 48-1155179
Organization Overview
Inez L Reed Charitable Foundation is located in Smith Center, KS. The organization was established in 1995. According to its NTEE Classification (I60) the organization is classified as: Law Enforcement, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inez L Reed 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 03/2024, Inez L Reed Charitable Foundation generated $31.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $31.7k during the year ending 03/2024. While expenses have increased by 5.8% per year over the past 9 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 2021, Inez L Reed Charitable Foundation has awarded 19 individual grants totaling $117,748. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
SMITH CENTER FIRE DEPARTMENT - GENERATOR FOR FIREHOUSE
SMITH CENTER COUNTY MEMORIAL HOSPITAL - CHEST COMPRESSION SYSTEM PARTIAL FUNDING
CITY OF SMITH CENTER - WINDSOCK LIGHT KIT FOR AIRPORT
SMITH COUNTY COMMUNICATION DEPARTMENT - OFFICE EQUIPMENT FOR DISPATCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
The Peoples Bank Trustee | 0.1 | $4,297 | |
Tabitha Owen Director | 0.1 | $0 | |
Bryce Wiehl Director | 0.1 | $0 | |
John Terrill Director | 0.1 | $0 | |
Jerry Blank Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,161 |
| Dividends & Interest | $8,712 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,210 |
| Capital Gain Net Income | $10,210 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,083 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,297 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $10 |
| Taxes | $238 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $60 |
| Total operating and administrative expenses | $5,501 |
| Contributions, gifts, grants paid | $26,224 |
| Total expenses and disbursements | $31,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,599 |
| 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 | $455,768 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $462,367 |
| 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, Inez L Reed Charitable Foundation has awarded $26,224 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SMITH CENTER - FIRE DEPT PURPOSE: GENERATOR FOR FIRE HOUSE | $11,806 |
SMITH CENTER CITY PURPOSE: WINDSOCK LIGHT KIT FOR AIRPORT | $3,281 |
SMITH COUNTY MEMORIAL HOSPITAL PURPOSE: CHEST COMPRESSION SYSTEM | $9,817 |
SMITH COUNTY COMMUNICATIONS OFFICE PURPOSE: DISPATCH STAFF OFFICE FURNITURE | $1,320 |