Bruce Robert Reid Family Foundation
- Assets
- $853.3k
- Revenue
- $30.9k
- Investments
- $810.9k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 11/2008
- Data as of
- 12/2023
- EIN
- 26-1208067
Organization Overview
Bruce Robert Reid Family Foundation is located in Wilmington, DE. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Bruce Robert 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, Bruce Robert Reid Family Foundation generated $30.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $67.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bruce Robert Reid Family Foundation has awarded 33 individual grants totaling $442,950. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Reid Pandhi Dir | 1 | $0 | |
Elizabeth Reid Dir | 5 | $6,680 | |
Lori J Reid Pres, Dir, Sec | 1 | $0 | |
Stephanie Reid Dir | 5 | $6,680 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $276 |
| Dividends & Interest | $32,261 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,637 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,900 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,360 |
| 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 | $10,094 |
| Total operating and administrative expenses | $23,454 |
| Contributions, gifts, grants paid | $44,000 |
| Total expenses and disbursements | $67,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,332 |
| 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 | $853,269 |
| 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, Bruce Robert Reid Family Foundation has awarded $44,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
COUNCIL ON THE ENVIRONMENT INC PURPOSE: GENERAL & UNRESTRICTED | $8,800 |
DAMON RUNYON CANCER RESEARCH FND PURPOSE: GENERAL & UNRESTRICTED | $8,800 |
EVERYTOWN FOR GUN SAFETY SUPPORT FUND INC PURPOSE: GENERAL & UNRESTRICTED | $8,800 |
LOVE HOLDS LIFE INC PURPOSE: GENERAL & UNRESTRICTED | $8,800 |
UNION OF CONCERNED SCIENTISTS INC PURPOSE: GENERAL & UNRESTRICTED | $8,800 |