Z Smith Reynolds Foundation Inc
- Assets
- $24.4m
- Revenue
- $23.7m
- Investments
- $23.7m
- Employees
- 0
- Location
- Winstonsalem, NC
- Founding
- 05/1939
- Data as of
- 12/2021
- EIN
- 58-6038145
Organization Overview
Z Smith Reynolds Foundation Inc is located in Winstonsalem, NC. The organization was established in 1939. 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. Z Smith Reynolds Foundation Inc 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 12/2021, Z Smith Reynolds Foundation Inc generated $23.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $23.2m during the year ending 12/2021. While expenses have increased by 3.2% per year over the past 4 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.
Since 2020, Z Smith Reynolds Foundation Inc has awarded 2,025 individual grants totaling $123,049,590. 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
GRANT CYCLE OPERATIONAL, INTERMEDIARY, & POST-CYCLE SUPPORT - IN SPRING OF 2018, Z. SMITH REYNOLDS FOUNDATION'S TRUSTEES APPROVED FUNDS TO ENGAGE OUTSIDE CONSULTANTS TO CONDUCT INTENSIVE DUE DILIGENCE IN COMMUNITIES ACROSS NC. THE LISTED EXPENDITURES REPRESENT COSTS ASSOCIATED WITH CONSULTANTS REVIEWING COLLABORATIVE PROJECT SUMMARIES FROM POTENTIAL APPLICANTS, HELPING WITH CERTAIN ASPECTS RELATING TO THE DESIGN OF COLLABORATIVE PROBLEM-SOLVING GRANTMAKING APPROACH, AND PROVIDING PROFESSIONAL DEVELOPMENT AND COACHING FOR ZSR STAFF AS IT RELATES TO EFFECTIVELY SUPPORTING COLLABORATIVE WORK IN COMMUNITIES.UPON THE LAUNCH OF THE ALL FOR NC FRAMEWORK GRANTMAKING INITIATIVES, TRUSTEES AND STAFF RECOGNIZED THE POTENTIAL NEED TO INCREASE OPERATIONAL FUNDING TO COVER ADDITIONAL STAFFING, TECHNOLOGY, ETC. TO SUPPORT THE NEW FRAMEWORK. FUNDS HAVE BEEN ALLOCATED TO COVER CONTRACTORS (PROGRAM AND ADMINISTRATIVE) TO ASSIST WITH GRANT CYCLE WORK WHEN NEEDED.
RACIAL EQUITY TRAINING - IN SPRING OF 2018, TRUSTEES APPROVED FUNDING TO SUPPORT RACIAL EQUITY WORK OF STATE LEVEL GRANTEES AND ZSR TRUSTEES AND STAFF. THESE FUNDS ARE NOT USED TO PROVIDE DIRECT GRANTS TO GRANTEE ORGANIZATIONS BUT RATHER TO CONTRACT SERVICES. THE LISTED EXPENDITURES REPRESENT THE ENGAGEMENT OF CONSULTANTS TO PROVIDE RACIAL EQUITY TRAINING TO ZSR TRUSTEES AND STAFF IN 2021.
SABBATICAL PROGRAM - IN 1990, WITH PRIOR APPROVAL FROM THE IRS, THE FOUNDATION ESTABLISHED A SABBATICAL PROGRAM FOR INDIVIDUALS IN PAID FULL-TIME LEADERSHIP POSITIONS WHO HAVE SERVED THEIR NORTH CAROLINA NONPROFIT ORGANIZATION FOR AT LEAST THREE YEARS. THE SABBATICALS WERE ESTABLISHED TO PROVIDE AN INCENTIVE TO LEADERS OF CHARITABLE ORGANIZATIONS TO CONTINUE THEIR CHARITABLE WORK, AND TO IMPROVE AND ENHANCE THEIR LEADERSHIP CAPACITY, SKILLS, AND TALENTS. EACH RECIPIENT IS AWARDED $30,000 AND EACH RECIPIENT'S ORGANIZATION IS AWARDED $10,000. AWARDS ARE MADE ON A BI-ANNUAL BASIS.
OTHER DIRECT CHARITABLE ACTIVITIES INCLUDE AN INCLUSIVE PUBLIC ART INITIATIVE, AN ALL FOR NC FELLOWSHIP NC PROGRAM FOR TARGETED NORTH CAROLINIANS AGES 21-35, AND A NON-PROFIT INTERNSHIP PROGRAM FOR LOW INCOME COLLEGE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maurice Mo Green Executive Director/secretary | 40 | $315,703 | |
Pamela Spalding Assistant Treasurer | 40 | $120,000 | |
James Gore Senior Program Offic | 40 | $118,668 | |
Sorien Schmidt Senior Program Offic | 40 | $118,668 | |
Caitlin Burke Program Officer | 40 | $91,490 | |
Tania Duran Program Officer | 40 | $88,899 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brooks Pierce Mclendon | 12/30/21 | $155,828 |
Biwaemergent Equity | 12/30/21 | $113,995 |
Armstrong Mcguire And Associates | 12/30/21 | $72,214 |
Mdc Inc | 12/30/21 | $61,437 |
Brenda Miller Holmes | 12/30/21 | $58,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $23,225,513 |
| Interest on Savings | $4,521 |
| Dividends & Interest | $241,729 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $272,197 |
| Capital Gain Net Income | $272,197 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,743,960 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $630,338 |
| Other employee salaries and wages | $1,078,506 |
| Pension plans, employee benefits | $461,538 |
| Interest | $0 |
| Taxes | $130,543 |
| Depreciation | $0 |
| Occupancy | $174,500 |
| Travel, conferences, and meetings | $72,987 |
| Printing and publications | $0 |
| Other expenses | $731,157 |
| Total operating and administrative expenses | $3,658,907 |
| Contributions, gifts, grants paid | $19,578,835 |
| Total expenses and disbursements | $23,237,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $705,779 |
| Net Accounts receivable | $773 |
| 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 | $24,429,919 |
| 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, Z Smith Reynolds Foundation Inc has awarded $53,719,320 in support to 833 organizations.
| Grant Recipient | Amount |
|---|---|
Winstonsalem, NC PURPOSE: ANNUAL GRANT, UNDER 1990 CONTRACT, FOR GENERAL SUPPORT, FACULTY DEVELOPMENT, AND SCHOLARSHIPS. THE GRANT PAYMENT IS BEING DISCOUNTED AT .025 PERCENT FOR PAYMENT SIX MONTHS EARLY FROM ORIGINAL SCHEDULE DATE OF 7/1/22. THE PAYMENT WILL BE $1,199,700. | $1,199,700 |
NC JUSTICE CENTER PURPOSE: FOR GENERAL OPERATING SUPPORT | $1,000,000 |
NC JUSTICE CENTER PURPOSE: FOR GENERAL OPERATING SUPPORT | $850,000 |
NC JUSTICE CENTER PURPOSE: FOR GENERAL OPERATING SUPPORT | $800,000 |
NC JUSTICE CENTER PURPOSE: FOR GENERAL OPERATING SUPPORT | $800,000 |
Winstonsalem, NC PURPOSE: CAMPAIGN FOR WFU. FOR SCHOLARSHIPS: JOSEPH G. GORDON, NSR, NC MIDDLE INCOME RESIDENTS, ANNUAL AWARDS TO FACULTY MEMBERS, REYNOLDS PROFESSORS SUPPLEMENTS, AND SPECIAL UNDERGRADUATE PROGRAMS AND NEEDS. GRANT OF 3% OF INCOME RECEIVED FROM TWO TRUSTS. | $692,588 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Z Smith Reynolds Foundation Inc has recieved totaling $1,100,000.
| Awarding Organization | Amount |
|---|---|
Andrew W Mellon Foundation New York, NY PURPOSE: TO SUPPORT THE INCLUSIVE PUBLIC ART INITIATIVE | $1,000,000 |
Partnership For Americas Children Washington, DC PURPOSE: TO SUPPORT CHILD AVOCACY WORK | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |
The Leon Levine Foundation Charlotte, NC | $654,368,860 | $94,686,429 |
Maclellan Foundation Inc Chattanooga, TN | $225,301,353 | $34,552,415 |
We Are Sharing Hope Sc Charleston, SC | $50,025,063 | $34,221,211 |
The Frist Foundation Nashville, TN | $198,128,014 | $36,312,656 |
Danville Regional Foundation Danville, VA | $280,479,931 | $21,605,962 |
The Duke Energy Foundation Charlotte, NC | $4,461,931 | $408,995 |
Smith Richardson Foundation Inc Greensboro, NC | $606,694,904 | $88,589,213 |