Raymond E And Bettye C Reid Foundation
- Assets
- $0.0
- Revenue
- $6.9k
- Investments
- $252.3k
- Employees
- 0
- Location
- Amarillo, TX
- Founding
- 11/2003
- Data as of
- 12/2020
- EIN
- 71-0933431
Organization Overview
Raymond E And Bettye C Reid Foundation is located in Amarillo, TX. The organization was established in 2003. 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. Raymond E And Bettye C Reid 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 12/2020, Raymond E And Bettye C Reid Foundation generated $6.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $19.8k during the year ending 12/2020. While expenses have increased by 0.4% per year over the past 6 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond E Reid II President & Director | 1 | $1,000 | |
Diane Reid Secretary & Director | 1 | $1,000 | |
Shelley Reid Treasurer & Director | 1 | $1,000 | |
Lawrence J Klem Manager | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $9,153 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,863 |
| Total Revenue | $6,940 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $5,130 |
| Contributions, gifts, grants paid | $14,662 |
| Total expenses and disbursements | $19,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $48,845 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Raymond E And Bettye C Reid Foundation has awarded $11,523 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
SOLDIERS ANGELS PURPOSE: GENERAL OPERATIONS | $2,900 |
DISABLED AMERICAN VETERANS PURPOSE: GENERAL OPERATIONS | $2,800 |
Hillsdale, MI PURPOSE: GENERAL OPERATIONS | $1,223 |
NEW HOPE MISSIONARY BAPTIST CHURCH PURPOSE: GENERAL OPERATIONS | $1,000 |
ST MATTHEWS EPISCOPAL PURPOSE: GENERAL OPERATIONS | $900 |
HONOR FLIGHT - AMERICA SUPPORTS YOU - TEXAS PURPOSE: GENERAL OPERATIONS | $700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jane P And Wiley L Mossy Jr Foundation Houston, TX | $339,084 | $6,855,893 |
Gene And Jerry Jones Family-Dallas Cowboys Charities Frisco, TX | $3,095,461 | $7,273,707 |
Py Foundation Artesia, NM | $56,655,367 | $3,921,217 |
Marshall Legacy Foundation Metairie, LA | $37,157,594 | $21,197,543 |
Gods Light In The Darkness Foundation Carlbad, NM | $31,530,012 | $790,978 |
Marshall Heritage Foundation Metairie, LA | $15,210,686 | $21,134,216 |
Mary E Bivins Trust Amarillo, TX | $23,577,867 | $7,091,283 |
Norman H Read 1985 Trust Amarillo, TX | $61,022,769 | $8,703,971 |
Arlene And Joseph Meraux Charitable Foundation Violet, LA | $95,291,949 | $9,307,858 |
East Texas Medical Center Regional Healthcare System Tyler, TX | $164,248,819 | $57,646,365 |
Eugene V And Clare Thaw Charitable Trust Santa Fe, NM | $97,006,761 | $1,880,279 |
James A Buddy Davidson Charitable Foundation Midland, TX | $104,683,845 | $20,028,427 |