The Reid Family Foundation
- Assets
- $329.8k
- Revenue
- $15.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Pound Ridge, NY
- Founding
- 11/1995
- Data as of
- 12/2023
- EIN
- 22-3341551
Organization Overview
The Reid Family Foundation is located in Pound Ridge, NY. The organization was established in 1995. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reid Family 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, Reid Family Foundation generated $15.8k in total revenue. All expenses for the organization totaled $10.2k during the year ending 12/2023. While expenses have increased by 69.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCREASED ASSETS THROUGH INVESTMENT INCOME. INCREASED DONATIONS AND CONTINUED SUPPORT OF HABITAT FOR HUMANITY AND BROADENED TARGETED ORGANIZATIONS TO HIGHER EDUCATION AND CULTURAL INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Reid President | 1 | $0 | |
Mackenzie Reid Secretary | 1 | $0 | |
Steve Portas Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,839 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,839 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $0 |
| Total operating and administrative expenses | $200 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $10,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $329,793 |
| 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 | $0 |
| Total assets | $329,793 |
| Accounts payable and accrued expenses | $7,025 |
| 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 | $7,025 |
Grants Awarded
Over the last fiscal year, The Reid Family Foundation has awarded $10,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITY PURPOSE: FULFILLING PLEDGE | $2,500 |
COLGATE UNIVERSITY PURPOSE: SUPPORT EDUCATION | $2,500 |
CARAMOR ARTS CENTER PURPOSE: SUPPORT MUSIC & ARTS | $2,500 |
UNIVERSITY OF ST ANDREWS PURPOSE: SUPPORT EDUCATION | $2,500 |