Reed Charitable Foundation Inc
- Assets
- $643.0k
- Revenue
- $551.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Orlando, FL
- Founding
- 12/2019
- Data as of
- 12/2021
- EIN
- 84-3627777
Organization Overview
Reed Charitable Foundation Inc is located in Orlando, FL. The organization was established in 2019. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. As of 12/2021, Reed Charitable Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reed 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 12/2021, Reed Charitable Foundation Inc generated $551.2k in total revenue. All expenses for the organization totaled $247.6k during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION TRAINED 448 EDUCATORS IN ORTON-GILLINGHAM FROM JANUARY 2021 TO DECEMBER 2021.
THE FOUNDATION PROVIDED 2 FREE COMMUNITY EDUCATION EVENTS FEATURING DR. SHAWN ANTHONY ROBINSON AND DR. NED HALLOWELL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Knopf President | OfficerTrustee | 60 | $0 |
Peggy Bobo Secretary | OfficerTrustee | 10 | $0 |
Gregory White Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $315,518 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $235,642 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $551,160 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $551,160 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,852 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,956 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,810 |
| Advertising and promotion | $7,006 |
| Office expenses | $1,430 |
| Information technology | $4,743 |
| Royalties | $0 |
| Occupancy | $2,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $635 |
| All other expenses | $0 |
| Total functional expenses | $247,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $643,046 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $643,046 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $643,046 |
| Total liabilities and net assets/fund balances | $643,046 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Reed Charitable Foundation Inc has recieved totaling $275,398.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $254,060 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $11,000 |
Highgate Charitable Foundation Inc Irving, TX PURPOSE: SUPPORT OF ORGANIZATION'S MISSION | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $338 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Palm Beach County Literacy Coalition Inc Boynton Beach, FL | $5,052,604 | $4,385,458 |
Childrens Reading Center Inc Palatka, FL | $3,783,274 | $2,355,676 |
Read Usa Inc Atlantic Beach, FL | $1,550,513 | $2,569,007 |
Literacy Action Inc Atlanta, GA | $1,276,569 | $1,539,429 |
The Global Village Project Inc Decatur, GA | $2,051,230 | $1,459,701 |
Dream Center Of Lakeland Inc Lakeland, FL | $1,221,957 | $1,316,290 |
Classroom Champions Inc St Petersburg, FL | $339,187 | $761,169 |
Mufuka Private Foundation St Petersburg, FL | $0 | $176,252 |
Hollywood Educational And Literacy Project Miami Inc Miami, FL | $305,033 | $696,098 |
Team Up Mentoring Inc Monroe, GA | $139,641 | $683,392 |
Sing Out And Read Inc Tampa, FL | $87,490 | $575,102 |
Stair Of Birmingham Birmingham, AL | $280,779 | $590,806 |