Gray Reed Foundation
- Assets
- $213.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- Data as of
- 12/2023
- EIN
- 86-2729435
Organization Overview
Gray Reed Foundation is located in Dallas, TX. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Gray Reed 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, Gray Reed Foundation generated $129.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $51.0k during the year ending 12/2023. 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
FIRM ATTORNEYS, STAFF, CLIENTS AND FRIENDS OF THE FIRM FUND THE FOUNDATION, AND GRAY REED ATTORNEYS AND STAFF CAN HAVE THEIR INDIVIDUAL CHARITABLE CONTRIBUTIONS MATCHED THROUGH THE FOUNDATION'S EMPLOYEE MATCHING PROGRAM OR REQUEST A GRANT BE MADE TO A CHARITY IN RECOGNITION OF THEIR VOLUNTEER EFFORTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Gargiulo President/treasurer | 1 | $0 | |
Darrell Armer Secretary | 1 | $0 | |
James Gary Gray Chairman | 1 | $0 | |
Glen Eichelberger Vice Chairman/asst. Treasurer | 1 | $0 | |
Michael Blachly Vice President/asst. Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $123,373 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,668 |
| Gain or Loss | $3,166 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $129,207 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,292 |
| Total expenses | $50,951 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $49,020 |
| Other assets | $0 |
| Total assets | $213,458 |
| Total liabilities | $0 |
| Net assets or fund balances | $213,458 |