Kate B Reynolds Charitable Trust
- Assets
- $458.5m
- Revenue
- $24.2m
- Investments
- $439.8m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 10/1983
- Data as of
- 08/2021
- 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 08/2021, Kate B Reynolds Charitable Trust generated $24.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $30.4m during the year ending 08/2021. 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
2021
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 | $397,532 | |
Stephanie C Lewter Director Of Communic | 40 | $219,258 | |
Joel T Beeson Director Of Administ | 40 | $189,273 | |
Adam Linker Information Tech Man | 40 | $153,322 | |
Shenell M Thompson Program Officer | 40 | $120,481 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $45 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,818,069 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,971,803 |
| Capital Gain Net Income | $13,971,803 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $415,327 |
| Total Revenue | $24,205,244 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,169,488 |
| Other employee salaries and wages | $1,923,340 |
| Pension plans, employee benefits | $680,017 |
| Interest | $0 |
| Taxes | $317,088 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,832 |
| Printing and publications | $0 |
| Other expenses | $2,710,068 |
| Total operating and administrative expenses | $8,807,633 |
| Contributions, gifts, grants paid | $21,611,397 |
| Total expenses and disbursements | $30,419,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,942 |
| Savings and temporary cash investments | $18,437,637 |
| 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 | $66,012,443 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $34,645 |
| Total assets | $458,547,474 |
| 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 $9,922,162 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FCPA FUTURE GRANTS PURPOSE: CHARITABLE CONTRIBUTIONS | $7,680,916 |
HIPA FUTURE GRANTS PURPOSE: CHARITABLE CONTRIBUTINS | $2,241,246 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kate B Reynolds Charitable Trust has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
The Duke Energy Foundation Charlotte, NC PURPOSE: EMPLOYEE MATCHING GIFTS | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valhalla Charitable Foundation Woodside, CA | $798,059,895 | $465,139,878 |
Hobson Lucas Family Foundation San Rafael, CA | $1,224,427,404 | $46,978,147 |
Tosa Foundation Portola Valley, CA | $620,174,698 | $135,076,785 |
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Conrad Prebys Foundation San Diego, CA | $0 | $206,775,032 |
Jay And Rose Phillips Family Foundation Of California San Francisco, CA | $0 | $58,236 |
Jay And Rose Phillips Family Foundation Of Colorado Redwood City, CA | $0 | -$205,157 |
Henry J Kaiser Family Foundation San Francisco, CA | $1,103,580,994 | $111,004,070 |
Holland M Ware Charitable Foundation Eagle, ID | $219,618,856 | $24,900,954 |
The Ahmanson Foundation Beverly Hills, CA | $0 | $54,356,398 |
Charles Huang Foundation Pasadena, CA | $65,868,960 | $116,144,816 |
Weingart Foundation Los Angeles, CA | $0 | $30,569,267 |