Mary Beth & Miles Reidy Foundation Inc
- Assets
- $1.0m
- Revenue
- $960.7k
- Investments
- $709.9k
- Employees
- 0
- Location
- Ellicott City, MD
- Founding
- Data as of
- 12/2023
- EIN
- 87-3501966
Organization Overview
Mary Beth & Miles Reidy Foundation Inc is located in Ellicott City, MD. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mary Beth & Miles Reidy 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 12/2023, Mary Beth & Miles Reidy Foundation Inc generated $960.7k in total revenue.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Mary Beth Aichelmann-Reidy President | 1 | $0 | |
J Miles Reidy Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,016,424 |
| Interest on Savings | $308 |
| Dividends & Interest | $14,620 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$70,648 |
| Capital Gain Net Income | $256,301 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $960,704 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,114 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,796 |
| Total operating and administrative expenses | $24,855 |
| Contributions, gifts, grants paid | $303,165 |
| Total expenses and disbursements | $328,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $310,646 |
| 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 | $2,514 |
| Total assets | $1,023,057 |
| 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, Mary Beth & Miles Reidy Foundation Inc has awarded $303,165 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EASTER SEALS PURPOSE: TO SUPPORT INITIATIVES WHICH BENEFIT WELL BEING OF CHILDREN AND ADULTS IN LOCAL PRINCE GEORGES COUNTY, MD AREA. | $300,000 |
UNIVERSITY OF MARYLAND SCHOOL OF DENTISTRY PURPOSE: TO SUPPORT THE DENTAL CLINIC FOR THE UNIVERSITY OF MD SCHOOL OF DENTISTRY. | $3,165 |