Edward G Reynolds Charitable Foundation Inc
- Assets
- $4.6m
- Revenue
- $1.5m
- Investments
- $2.4m
- Employees
- 0
- Location
- Florence, KY
- Founding
- 09/2017
- Data as of
- 12/2022
- EIN
- 82-1973471
Organization Overview
Edward G Reynolds Charitable Foundation Inc is located in Florence, KY. The organization was established in 2017. 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. Edward G Reynolds Charitable 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 12/2022, Edward G Reynolds Charitable Foundation Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $686.3k during the year ending 12/2022. 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 |
|---|---|---|---|
Robert A Whitehouse II Director | 1 | $0 | |
B Scott Boster Director | 0.1 | $0 | |
Edward G Reynolds Director/president/treasurer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,500,000 |
| Interest on Savings | $177 |
| Dividends & Interest | $34,557 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,682 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,526,052 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $486 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,037 |
| Contributions, gifts, grants paid | $672,300 |
| Total expenses and disbursements | $686,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,058,642 |
| Savings and temporary cash investments | $108,386 |
| 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 | $4,550,844 |
| 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, Edward G Reynolds Charitable Foundation Inc has awarded $672,300 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ST CECELIA CATHOLIC SCHOOL PURPOSE: TO HELP PREPARE STUDENTS FOR LIFE BY PROVIDING AN ENGAGING, HIGH-QUALITY EDUCATION, GUIDED BY THE TEACHINGS OF THE CATHOLIC FAITH. | $610,800 |
BARREN HEIGHTS CHRISTIAN RETREAT CENTER PURPOSE: GENERAL PURPOSE DONATION TO FUTHER GRANTEE'S MISSION. | $2,500 |
FRIENDS OF RICKWOOD FIELD PURPOSE: GENERAL PURPOSE DONATION TO FUTHER GRANTEE'S MISSION. | $10,000 |
HOLY CROSS HIGH SCHOOL PURPOSE: GENERAL PURPOSE DONATION TO FUTHER GRANTEE'S MISSION. | $49,000 |