Reedy Acres Foundation
- Assets
- $1.6m
- Revenue
- $56.7k
- Investments
- $655.7k
- Employees
- 0
- Location
- Water Valley, MS
- Founding
- 06/1989
- Data as of
- 12/2022
- EIN
- 57-0887759
Organization Overview
Reedy Acres Foundation is located in Water Valley, MS. The organization was established in 1989. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Reedy Acres Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Reedy Acres Foundation has awarded 117 individual grants totaling $734,732. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT DISADVANTAGED IN YALOBUSHA COUNTY. ACCOMPLISHED PRIMARILY BY CONTRIBUTING TO OTHER, ESTABLISHED AND QUALIFIED 501(C)3 ORGANIZATIONS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $18,724 |
| Dividends & Interest | $30,941 |
| Net Rental Income | -$9,811 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $56,665 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $646 |
| Depreciation | $4,458 |
| Occupancy | $9,137 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,216 |
| Total operating and administrative expenses | $23,207 |
| Contributions, gifts, grants paid | $86,122 |
| Total expenses and disbursements | $109,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $639,564 |
| 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 | $563,323 |
| Investments—other | $92,424 |
| Net Land, buildings, and equipment | $280,313 |
| Other assets | $0 |
| Total assets | $1,575,624 |
| 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, Reedy Acres Foundation has awarded $86,122 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BAPTIST CHILDREN'S VILLAGE PURPOSE: TO SUPPORT CARE OF CHILDREN THIS ORG | $29,222 |
COMPASSION FOOD MINISTRIES PURPOSE: TO HELP PROVIDE FOOD FOR NEEDY FAMIL | $18,000 |
NORTHWEST COMM COLLEGE FOUNDATION PURPOSE: SCHOLARSHIPS | $10,000 |
ST JUDE CHILDREN'S HOSPITAL PURPOSE: CHILDREN MEDICAL RESEARCH | $7,500 |
Water Valley, MS PURPOSE: COMMUNITY SUPPORT | $7,500 |
SALVATION ARMY PURPOSE: FOOD AND SHELTER FOR NEEDY FAMILIES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Maclellan Foundation Inc Chattanooga, TN | $225,301,353 | $34,552,415 |
Town Branch Foundation Bentonville, AR | $511,930,269 | $39,195,874 |
The Frist Foundation Nashville, TN | $198,128,014 | $36,312,656 |
Zoma Foundation Bentonville, AR | $228,655,575 | $19,208,599 |
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
The William B Wiener Jr Foundation Shreveport, LA | $23,196,478 | $3,677,470 |
Bashinsky Foundation Inc Birmingham, AL | $2,626,965 | $3,568,518 |