Z Smith Reynolds Foundation Inc
- Assets
- $25.1m
- Revenue
- $25.2m
- Investments
- $18.2m
- Employees
- 0
- Location
- Winstonsalem, NC
- Founding
- 05/1939
- Data as of
- 12/2023
- 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 12/2023, Z Smith Reynolds Foundation Inc generated $25.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $28.4m during the year ending 12/2023. While expenses have increased by 4.9% per year over the past 5 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 2,914 individual grants totaling $186,125,452. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT CYCLE INTERMEDIARY SUPPORT & 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.
INCLUSIVE PUBLIC ART INITIATIVE - IN MAY 2023, TRUSTEES APPROVED A SECOND COHORT OF THE INCLUSIVE PUBLIC ART (IPA) INITIATIVE. A PROJECT COORDINATOR WAS ENGAGED TO ASSIST WITH THIS EFFORT. THE LISTED EXPENDITURES REPRESENT COSTS FOR THE PROJECT COORDINATOR.
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.
NON-PROFIT INTERNSHIP PROGRAM (NPIP) - IN 2010, THE FOUNDATION ESTABLISHED A PAID INTERNSHIP PROGRAM. THROUGH THIS PROGRAM, UP TO 20 LOW-INCOME COLLEGE STUDENTS ARE MATCHED WITH CURRENT OR FORMER Z. SMITH REYNOLDS FOUNDATION, INC. GRANTEES FOR A FULL-TIME SUMMER INTERNSHIP LASTING AT LEAST EIGHT WEEKS. THE LISTED EXPENDITURES REPRESENT COSTS ASSOCIATED WITH ADMINISTERING THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maurice Mo Green Executive Director/secretary | 40 | $78,925 | |
Chapel Thompson Assistant Secretary | 40 | $26,756 | |
Pamela Spalding Assistant Treasurer | 40 | $163,015 | |
Nancy R Bagley Board Of Trustees | 5 | $10,750 | |
Piper Neal Beveridge Treasurer | 5 | $9,100 | |
Angela Bryant Board Of Trustees | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nc Center For Nonprofit Organizations | 12/30/23 | $481,734 |
Brooks Pierce Mclendon Humphrey & Leonard | 12/30/23 | $138,688 |
Mdc Inc | 12/30/23 | $84,187 |
Brenda Miller Holmes | 12/30/23 | $84,053 |
Armstrong Mcguire And Associates | 12/30/23 | $78,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,459,663 |
| Interest on Savings | $12,751 |
| Dividends & Interest | $413,344 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$674,398 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,020 |
| Total Revenue | $25,216,380 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $653,810 |
| Other employee salaries and wages | $1,155,874 |
| Pension plans, employee benefits | $537,547 |
| Interest | $0 |
| Taxes | $132,467 |
| Depreciation | $0 |
| Occupancy | $155,997 |
| Travel, conferences, and meetings | $320,169 |
| Printing and publications | $0 |
| Other expenses | $824,943 |
| Total operating and administrative expenses | $4,233,158 |
| Contributions, gifts, grants paid | $24,142,655 |
| Total expenses and disbursements | $28,375,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,387,646 |
| Savings and temporary cash investments | $550,000 |
| Net Accounts receivable | $11,879 |
| 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 | $25,109,679 |
| 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 $53,330,621 in support to 730 organizations.
| Grant Recipient | Amount |
|---|---|
ACTION FOR THE CLIMATE EMERGENCY PURPOSE: RENEWAL - FOR GENERAL OPERATING SUPPORT | $30,000 |
ACTION INSTITUTE NC PURPOSE: FOR GENERAL OPERATING SUPPORT | $30,000 |
ACTION4EQUITY PURPOSE: FOR GENERAL OPERATING SUPPORT | $25,000 |
AMERICAN CIVIL LIBERTIES UNION OF NC LEGAL FOUNDATION PURPOSE: FOR GENERAL OPERATING SUPPORT | $100,000 |
ACTION4EQUITY PURPOSE: WINSTON-SALEM FREEDOM SCHOOLS | $20,000 |
ALLIANCE FOR HERITAGE CONSERVATION PURPOSE: RENEWAL - MUSEUM OF THE SOUTHEAST AMERICAN INDIAN HERITAGE PRESERVATION PROJECT | $50,000 |