Reed Schools Foundation
- Assets
- $657.0k
- Revenue
- $1.7m
- Investments
- $146.5k
- Employees
- 3
- Location
- Tiburon, CA
- Founding
- 11/1996
- Data as of
- 06/2021
- EIN
- 94-3152375
Organization Overview
Reed Schools Foundation is located in Tiburon, CA. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2021, Reed Schools Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reed Schools 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 06/2021, Reed Schools Foundation generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION FOR REED SCHOOLS PROMOTES THE WELL BEING OF THE CHILDREN IN OUR DISTRICT BY ENSURING EDUCATIONAL EXCELLENCE AND BY FOSTERING COMMUNITY INVOLVEMENT IN OUR SCHOOLS. THIS IS ACHIEVED BY RAISING CRITICAL FINANCIAL RESOURCES, WHICH (CONTINUED ON NEXT PAGE)
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION FOR REED SCHOOLS RAISES CRITICAL FINANCIAL RESOURCES TO FUND BOTH EDUCATORS AND VITAL PROGRAMS. OUR MISSION IS TO UNITE PARENTS AND THE COMMUNITY IN SUPPORT OF QUALITY INSTRUCTION THAT PROVIDES OUR CHILDREN WITH AN EXCEPTIONAL EDUCATION. THE FOUNDATION FUNDS 20 SPECIALISTS FOR VALUABLE PROGRAMS THROUGHOUT THE REED SCHOOL DISTRICT, INCLUDING ART, MUSIC, PE, FOREIGN LANGUAGE, LIBRARY, TECHNOLOGY INSTRUCTION. THE FOUNDATION ALSO PROVIDES FUNDS FOR CLASSROOM AIDES, IPADS AND APPS, LAPTOPS, VISITING ARTISTS, TEACHER INNOVATION GRANTS AND TEACHER TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Bosch Exec Director | Officer | 40 | $79,429 |
Allison Hart Secretary | OfficerTrustee | 3 | $2,900 |
Matthew Schmidt Treasurer | OfficerTrustee | 3 | $0 |
Suzannah Scully VP Major Gifts | OfficerTrustee | 3 | $0 |
Annie Defesche VP Giving | OfficerTrustee | 3 | $0 |
Jennifer Sicklick VP Events | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,723 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,487,723 |
| Noncash contributions included in lines 1a–1f | $131,188 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,510,446 |
| Total Program Service Revenue | $190,151 |
| Investment income | -$585 |
| 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 | $1,700,012 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,500,000 |
| 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. | $79,429 |
| Compensation of current officers, directors, key employees. | $3,971 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,718 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,979 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,547 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,891 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $1,850 |
| Total functional expenses | $1,770,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,204 |
| Savings and temporary cash investments | $342,645 |
| Pledges and grants receivable | $53,589 |
| 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 | $4,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $146,524 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $656,962 |
| Accounts payable and accrued expenses | $4,388 |
| 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 | $4,388 |
| Net assets without donor restrictions | $647,574 |
| Net assets with donor restrictions | $5,000 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $656,962 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Reed Schools Foundation has recieved totaling $240,770.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $129,452 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $70,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $19,000 |
Ed And Yvonne Parish Foundation Danville, CA PURPOSE: GENERAL SUPPORT | $10,000 |
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $6,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $5,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oak Grove Institute Foundation Inc Murrieta, CA | $29,102,821 | $23,083,215 |
Taco Bell Foundation Inc Irvine, CA | $32,895,109 | $23,910,509 |
Albina Head Start Inc Portland, OR | $22,611,624 | $19,457,720 |
Orbis Cascade Alliance Portland, OR | $8,013,554 | $17,694,791 |
Albert Einstein Academies San Diego, CA | $21,189,771 | $17,379,077 |
Prospect Sierra School El Cerrito, CA | $31,201,283 | $16,565,547 |
Options Counseling Services Of Oregon Eugene, OR | $12,586,092 | $15,957,358 |
Transitions - Mental Health Association San Luis Obispo, CA | $15,943,493 | $14,891,475 |
International Myeloma Foundation Studio City, CA | $20,383,236 | $17,434,390 |
Open Networking Foundation Palo Alto, CA | $9,261,912 | $16,468,416 |
Sonoma Valley Community Health Center Sonoma, CA | $15,645,180 | $13,937,473 |
After-School All-Stars Los Angeles, CA | $10,011,535 | $13,148,528 |