Reed Family Foundation
- Assets
- $418.3k
- Revenue
- $16.8k
- Investments
- $379.6k
- Employees
- 0
- Location
- The Hills, TX
- Founding
- 05/2001
- Data as of
- 12/2023
- EIN
- 77-0559688
Organization Overview
Reed Family Foundation is located in The Hills, TX. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Reed Family 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 12/2023, Reed Family Foundation generated $16.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $30.4k during the year ending 12/2023. 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 |
|---|---|---|---|
Clayton Reed President | 3 | $11,000 | |
Stephanie S Reed CFO | 3 | $0 | |
Jeffrey Reed Director | 1 | $0 | |
Jessie Reed Director | 1 | $0 | |
Stephanie T Reed Director | 1 | $0 | |
Travis Reed Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,602 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,213 |
| Capital Gain Net Income | $2,213 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,815 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $393 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,081 |
| Total operating and administrative expenses | $20,103 |
| Contributions, gifts, grants paid | $10,250 |
| Total expenses and disbursements | $30,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,760 |
| Savings and temporary cash investments | $17,928 |
| 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 | $418,335 |
| 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, Reed Family Foundation has awarded $10,250 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
LOVIN' SPOONFULS PURPOSE: ELIMINATE FOOD WASTE | $1,000 |
CROSSLAKE FOOD SHELF PURPOSE: SUPPORT FOOD SHELF | $500 |
SOCIAL GOOD FUND PURPOSE: SUPPORT ART, ENVIRONMENTAL PROJECTS AND PROVIDE FISCAL SPONSORSHIPS TO CHARITABLE CAUSES | $1,750 |
ICAN PURPOSE: GENERAL SUPPORT | $1,000 |
ST ANDREW'S SCHOOL FOUNDATION PURPOSE: SUPPORT EDUCATION | $1,500 |
WAPOA PURPOSE: ENVIRONMENTAL PROTECTION | $500 |