R E B Foundation
- Assets
- $74.3m
- Revenue
- $7.1m
- Investments
- $72.9m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 03/2018
- Data as of
- 12/2021
- EIN
- 52-1206536
Organization Overview
R E B Foundation is located in Richmond, VA. The organization was established in 2018. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. R E B 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, R E B Foundation generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 14.7% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTS AWARDS FOR TEACHING EXCELLENCE AND DISTINGUISHED EDUCATIONAL LEADERSHIP AS WELL AS ANNUAL GRANTS TO EDUCATIONAL, CULTURAL AND SOCIAL SERVICE PROGRAMS.
Describe the Organization's Program Activity:
R.E.B. AWARDS FOR TEACHING EXCELLENCE RECOGNIZES PUBLIC SCHOOL TEACHERS WHO DISTINGUISH THEMSELVES BY THEIR INSPIRING CLASSROOM PERFORMANCE. THE PROGRAM IS BASED ON THE BELIEF THAT A POSITIVE EDUCATIONAL EXPERIENCE AT THE ELEMENTARY, MIDDLE AND HIGH SCHOOL LEVELS HELPS CHILDREN FORM POSITIVE LIFELONG HABITS TOWARD LEARNING AND DISCIPLINE. THROUGH A NOMINATION PROCESS, APPROXIMATELY 35 OUTSTANDING TEACHERS ARE SELECTED IN 2021 TO RECEIVE CASH GRANTS TO SUPPORT PROFESSIONAL DEVELOPMENT ACTIVITIES.
R.E.B. AWARDS FOR DISTINGUISHED EDUCATIONAL LEADERSHIP RECOGNIZES PRINCIPALS WHO GO BEYOND THE DAY-TO-DAY DEMANDS OF THEIR POSITION TO CREATE AN EXCEPTIONAL EDUCATIONAL ENVIRONMENT. FOUR PRINCIPALS WERE PUBLICLY RECOGNIZED, ONE EACH FROM LOCAL SCHOOL DISTRICTS IN CHESTERFIELD, HANOVER, HENRICO AND CITY OF RICHMOND IN 2021. EACH PRINCIPAL RECEIVED A $10,000 CASH GRANT FOR PERSONAL USE AND AN ADDITIONAL $20,000 FOR THEIR PROPOSED SCHOOL PROJECT. FOUR RUNNER-UP PRINCIPALS WERE ALSO RECOGNIZED AND RECEIVED A $10,000 AWARD TO SUPPORT THEIR PROPOSED SCHOOL PROJECT.
ANNUAL GRANTS TO EDUCATIONAL, CULTURAL, AND SOCIAL SERVICE PROGRAMS.
R.E.B. EDUCATIONAL IMPACT GRANT AWARDS: IN 2021 THE FOUNDATION AWARDED GRANTS TO HOUSING FAMILIES FIRST, UNIVERSITY OF RICHMOND AND VIRGINIA COMMONWEALTH UNIVERSITY (VCU) FOUNDATION TO RECRUIT, SUPPORT AND RETAIN TEACHERS IN THE AREA. THIS AWARD WILL HELP UNIVERSITY OF RICHMOND IMPLEMENT A SCHOOL BASED TEACHER EDUCATION PROGRAM TO ADDRESS INEXPERIENCED AND UNDERQUALIFIED TEACHERS. THE GRANT TO THE VCU FOUNDATION WILL RECRUIT, PREPARE AND SUPPORT QUALITY TEACHERS THROUGH THEIR TEACHER RESIDENCY PROGRAM. THEY WILL ALSO CREATE A PIPELINE OF HIGHLY SKILLED, FULLY LICENSED K-12 LEADERS (INCLUDING PRINCIPALS & ASSISTANT PRINCIPALS) THROUGH THEIR LEADER RESIDENCY PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Ls Rowe Secretary | OfficerTrustee | 1 | $0 |
E Bryson Powell Treasurer | OfficerTrustee | 1 | $0 |
Carol B Showker Vice Chair | OfficerTrustee | 1 | $0 |
Susanne B Crump Chair | OfficerTrustee | 1 | $0 |
Robert L Burrus Jr Director | 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 | $483,906 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,645,764 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,129,947 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,559,189 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,715 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $289,647 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,568 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $48 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,863,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,343,725 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—other securities | $72,943,890 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $74,287,615 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $74,287,615 |
| 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 | $74,287,615 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
A J Fletcher Foundation Raleigh, NC | $168,653,502 | $53,698,336 |
The Naval Institute Foundation Incorporated Annapolis, MD | $16,478,320 | $8,459,950 |
Baltimore City Foundation Inc Baltimore, MD | $20,625,141 | $25,532,138 |
The David Belk Cannon Foundation Gastonia, NC | $0 | $4,765,855 |
Upic Solutions Inc Fort Mitchell, KY | $2,371,554 | $6,046,013 |
The Richman Family Foundation Inc Baltimore, MD | $21,774,672 | $824,650 |
Venture Philanthropy Partners Inc Washington, DC | $4,166,381 | $6,325,429 |
Seymour Family Foundation Irrev Charitable Trust Uad 12-21-15 Charlotte, NC | $3,421,952 | $6,290,943 |
Ted And Drama Russell Family Foundation Knoxville, TN | $97,704,141 | $6,828,732 |
Commonwealth Foundation V Richmond, VA | $38,532,929 | $6,620,642 |
Commonwealth Foundation Iv Richmond, VA | $38,533,029 | $6,621,693 |
R E B Foundation Richmond, VA | $74,287,615 | $7,129,947 |