The Reeves Foundation
- Assets
- $19.7m
- Revenue
- $2.0m
- Investments
- $19.2m
- Employees
- 0
- Location
- Short Hills, NJ
- Founding
- 10/1988
- Data as of
- 06/2021
- EIN
- 58-1792933
Organization Overview
The Reeves Foundation is located in Short Hills, NJ. The organization was established in 1988. 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. Reeves 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 06/2021, Reeves Foundation generated $2.0m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Reeves Foundation has awarded 11 individual grants totaling $1,052,519. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE - NOT A PRIVATE OPERATING FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Je Reeves Jr Pres./treas. | 40 | $135,000 | |
Carolyn Strong V. Pres./sec | 1 | $0 | |
Daphne Wagner Director | 1 | $0 | |
Jane R Mahelis Director | 1 | $0 | |
John E Reeves III Director | 1 | $0 | |
Katherine Mercer Reeves Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $152,436 |
| Interest on Savings | $0 |
| Dividends & Interest | $360,595 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,483,310 |
| Capital Gain Net Income | $1,483,310 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$26,806 |
| Total Revenue | $1,969,535 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $135,000 |
| Other employee salaries and wages | $70,352 |
| Pension plans, employee benefits | $57,827 |
| Interest | $11,955 |
| Taxes | $44,506 |
| Depreciation | $11,017 |
| Occupancy | $48,460 |
| Travel, conferences, and meetings | $2,386 |
| Printing and publications | $1,624 |
| Other expenses | $215,513 |
| Total operating and administrative expenses | $663,499 |
| Contributions, gifts, grants paid | $1,052,519 |
| Total expenses and disbursements | $1,716,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $477,389 |
| 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 | $5,137 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $19,219,652 |
| Net Land, buildings, and equipment | $10,769 |
| Other assets | $0 |
| Total assets | $19,713,247 |
| 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 | -$2,601 |
| Total liabilities | -$2,601 |
Grants Awarded
Over the last fiscal year, The Reeves Foundation has awarded $1,052,519 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Summit, NJ PURPOSE: CAPITAL | $300,000 |
HARLEM ACADEMY PURPOSE: CAPITAL | $200,000 |
Summit, NJ PURPOSE: CAPITAL | $200,000 |
HARLEM ACADEMY PURPOSE: CAPITAL | $150,000 |
Summit, NJ PURPOSE: CAPITAL | $150,000 |
AMERICAN RED CROSS SUMMIT PURPOSE: OPERATING | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Reeves Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
David B Lynch Foundation Wilmington, DE PURPOSE: GENERAL PURPOSE | $5,000 |
Laser Family Foundation Evanston, IL PURPOSE: GENERAL OPERATING PURPOSES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |