Leo E & Helen H Reese Trust
- Assets
- $69.3k
- Revenue
- $7.1k
- Investments
- $65.2k
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 04/1993
- Data as of
- 12/2022
- EIN
- 58-2026291
Organization Overview
Leo E & Helen H Reese Trust is located in Charleston, SC. The organization was established in 1993. 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. Leo E & Helen H Reese 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 12/2022, Leo E & Helen H Reese Trust generated $7.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $10.1k during the year ending 12/2022. While expenses have increased by 2.4% per year over the past 8 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Lee Reese Trustee | 2 | $0 | |
Erica R Rabhan Trustee | 2 | $0 | |
Jean Reese Rovner Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $7,099 |
| Net Rental Income | $0 |
| 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 | $7,103 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $104 |
| Total operating and administrative expenses | $3,494 |
| Contributions, gifts, grants paid | $6,600 |
| Total expenses and disbursements | $10,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,033 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $69,278 |
| 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, Leo E & Helen H Reese Trust has awarded $6,600 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
PJ LIBRARY PURPOSE: OPERATIONS | $250 |
JEWISH FAMILY SERVICES PURPOSE: OPERATIONS | $1,000 |
COLLEGE OF CHARLESTON FOUNDATION PURPOSE: OPERATIONS | $850 |
NATIONAL MS SOCIETY PURPOSE: OPERATIONS | $750 |
SHRINERS HOSPITAL FOR CHILDREN PURPOSE: OPERATIONS | $1,250 |
AMERICAN RED CROSS PURPOSE: OPERATIONS | $1,250 |