R E B Foundation
- Assets
- $65.4m
- Revenue
- $4.4m
- Investments
- $62.9m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 03/2018
- Data as of
- 12/2023
- 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 12/2023, R E B Foundation generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $3.4m during the year ending 12/2023. While expenses have increased by 13.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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:
Part 3 - Line 4a
ANNUAL GRANTS MADE TO THE COMMUNITY FOUNDATION, INC. FOR DISBURSEMENT TO EDUCATIONAL, CULTURAL, AND SOCIAL SERVICE PROGRAMS.
R.E.B EDUCATIONAL IMPACT GRANT AWARDS - IN 2023, THE FOUNDATION AWARDED GRANTS (THROUGH THE COMMUNITY FOUNDATION, INC.) TO THE UNIVERSITY OF RICHMOND AND VIRGINIA COMMONWEALTH UNIVERSITY (VCU) FOUNDATION TO RECRUIT, SUPPORT, AND RETAIN TEACHERS IN THE AREA. THE GRANT TO THE UNIVERSITY OF RICHMOND WILL HELP THEM IMPLEMENT A SCHOOL-BASED TEACHER EDUCATION PROGRAM TO ADDRESS INEXPERIENCED AND UNDERQUALIFIED TEACHERS. THE GRANT TO VCU FOUNDATION WILL HELP THEM 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.
GRANTS MADE TO THE COMMUNITY FOUNDATION, INC. TO FUND THE R.E.B. AWARDS FOR DISTINGUISHED EDUCATIONAL LEADERSHIP, WHICH 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 2023. 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 $10,000 AWARDS TO SUPPORT THEIR PROPOSED SCHOOL PROJECTS.
GRANTS MADE TO THE COMMUNITY FOUNDATION, INC. TO FUND THE R.E.B. AWARDS FOR TEACHING EXCELLENCE, WHICH 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, 31 OUTSTANDING TEACHERS WERE SELECTED IN 2023 TO RECEIVE CASH GRANTS TO SUPPORT PROFESSIONAL DEVELOPMENT ACTIVITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susanne B Crump Chair | OfficerTrustee | 1 | $0 |
Carol B Showker Vice Chair | OfficerTrustee | 1 | $0 |
William Ls Rowe Secretary | OfficerTrustee | 1 | $0 |
E Bryson Powell Treasurer | 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 | $871,525 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,520,987 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,402,735 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,913,628 |
| 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 | $500 |
| Fees for services: Accounting | $15,565 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $300,414 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,631 |
| 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 | $140 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,390,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,546,664 |
| 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 | $62,890,548 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $65,437,212 |
| 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 | $65,437,212 |
| 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 | $65,437,212 |