Friends Of Reed Inc
- Assets
- $51.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Valley Village, CA
- Founding
- 03/2009
- Data as of
- 06/2023
- EIN
- 80-0293171
Organization Overview
Friends Of Reed Inc is located in Valley Village, CA. The organization was established in 2009. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Reed 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 06/2023, Friends Of Reed Inc generated $168.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $167.3k during the year ending 06/2023. While expenses have increased by 0.5% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROGRAM SERVICE ACCOMPLISHMENTS FOR THE FISCAL YEAR ENDEND 6-30-2020 INCLUDED PROVIDING SUBSIDIES TO FUND TEACHER STAFFING COSTS NOT FUNDED THROUGH THE LOS ANGELES UNIFIED SCHOOL DISTRICT DUE TO FUNDING CONSTRAINTS, FUNDING CAMPUS WIDE TECHNOLOGY NEEDS, FUNDING THE SMALLER LEARNING COMMUNITIES NEEDS OF THE SCHOOL SUCH AS TEACHER STIPENDS FOR SUPPLIES, THE ART DEPARTMENT AND CERTAIN ADMINISTRATIVE COSTS SUCH AS INSURANCE FOR EVENTS ON CAMPUS, PRINTING, REPAIRS & MAINTENANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Parisa Stepanek President | 20 | $0 | |
Sabrina Connery Treasurer | 10 | $0 | |
Jennifer Cowgill Secretary | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,566 |
| Total Program Service Revenue | $97,153 |
| Membership dues | $0 |
| Investment income | $84 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,670 |
| Other Revenue | $0 |
| Total Revenue | $168,473 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,045 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $166,223 |
| Total expenses | $167,268 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,859 |
| Other assets | $0 |
| Total assets | $51,859 |
| Total liabilities | $0 |
| Net assets or fund balances | $51,859 |