Reba A Will Foundation
- Assets
- $1.6m
- Revenue
- $134.4k
- Investments
- $1.5m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 04/2018
- Data as of
- 03/2024
- EIN
- 82-2427395
Organization Overview
Reba A Will Foundation is located in Bethesda, MD. The organization was established in 2018. 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. Reba A Will 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 03/2024, Reba A Will Foundation generated $134.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $233.1k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Reba A Will Foundation has awarded 41 individual grants totaling $627,228. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,313 |
| Dividends & Interest | $72,113 |
| Net Rental Income | $31,524 |
| Net Gain on Sale of Assets | $23,498 |
| Capital Gain Net Income | $23,498 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $134,448 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,647 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,920 |
| Total operating and administrative expenses | $81,243 |
| Contributions, gifts, grants paid | $151,882 |
| Total expenses and disbursements | $233,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,378 |
| Savings and temporary cash investments | $27,725 |
| 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 | $1,514,388 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,551,491 |
| 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, Reba A Will Foundation has awarded $151,882 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BLUE RIDGE AREA FOOD BANK PURPOSE: COMMUNITY AID - PROVIDING MEALS AND GROCERIES TO THOSE IN NEED | $5,000 |
CAPITAL AREA FOOD BANK PURPOSE: COMMUNITY AID - PROVIDE MEALS AND GROCERIES TO THOSE IN NEED | $5,000 |
DC CENTRAL KITCHEN PURPOSE: COMMUNITY AID - PROVIDING MEALS AND GROCERIES TO THOSE IN NEED | $5,000 |
DELTA OMICRON FOUNDATION INC PURPOSE: MUSIC EDUCATION | $6,000 |
GRACE UNITED CHURCH OF CHRIST PURPOSE: RELIGIOUS PURPOSES | $20,405 |
JOHNS HOPKINS UNIVERSITY - PEABODY INSTITUTE PURPOSE: MUSIC EDUCATION | $80,000 |