Kate B Reynolds Charitable Trust
- Assets
- $569.4m
- Revenue
- $4.4m
- Investments
- $539.3m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 10/1983
- Data as of
- 08/2023
- EIN
- 56-6036515
Organization Overview
Kate B Reynolds Charitable Trust is located in Las Vegas, NV. The organization was established in 1983. 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. Kate B Reynolds Charitable Trust 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 08/2023, Kate B Reynolds Charitable Trust generated $4.4m 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 (30.1%) each year. All expenses for the organization totaled $31.7m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHED STATEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura I Gerald President | 40 | $455,871 | |
Stephanie C Lewter Executive VP | 40 | $267,151 | |
Adam Linker VP Of Programs | 40 | $184,185 | |
Madison Allen Sr.program Officer | 40 | $134,653 | |
Nora D Ferrell Director Of Communic | 40 | $140,186 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $203 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,715,354 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$15,898,117 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $607,246 |
| Total Revenue | $4,424,686 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,888,449 |
| Other employee salaries and wages | $2,181,740 |
| Pension plans, employee benefits | $724,491 |
| Interest | $0 |
| Taxes | $183,643 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,112,104 |
| Total operating and administrative expenses | $10,173,494 |
| Contributions, gifts, grants paid | $21,537,109 |
| Total expenses and disbursements | $31,710,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,622 |
| Savings and temporary cash investments | $29,798,060 |
| 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 | $73,409,213 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $34,645 |
| Total assets | $569,394,454 |
| 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, Kate B Reynolds Charitable Trust has awarded $18,804,701 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LIPA FUTURE GRANTS PURPOSE: CHARITABLE CONTRIBUTIONS | $6,263,472 |
HIPA FUTURE GRANTS PURPOSE: CHARITABLE CONTRIBUTINS | $12,541,229 |