Reep Family Foundation
- Assets
- $924.5k
- Revenue
- $63.0k
- Investments
- $659.5k
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 01/2009
- Data as of
- 12/2022
- EIN
- 26-3872198
Organization Overview
Reep Family Foundation is located in Long Beach, CA. The organization was established in 2009. 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. Reep 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 12/2022, Reep Family Foundation generated $63.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $72.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Reep Family Foundation has awarded 78 individual grants totaling $300,450. 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 |
|---|---|---|---|
Shahana Larson President | 0 | $0 | |
Omar Hassan Reep Secretary/treas | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $68,465 |
| Interest on Savings | $67 |
| Dividends & Interest | $25,923 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$31,449 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $63,006 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,691 |
| Total operating and administrative expenses | $11,691 |
| Contributions, gifts, grants paid | $61,000 |
| Total expenses and disbursements | $72,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $265,002 |
| 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 | $655,545 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $924,456 |
| 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, Reep Family Foundation has awarded $61,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
MEMORIAL MEDICAL CENTER FOUNDATION PURPOSE: ALL GRANTS AND CONTRIBUTIONS ARE FOR THE DONEE'S UNRESTRICTED USE IN THEIR CHARITY | $5,000 |
LONG BEACH PUBLIC LIBRARY FOUNDATIO PURPOSE: ALL GRANTS AND CONTRIBUTIONS ARE FOR THE DONEE'S UNRESTRICTED USE IN THEIR CHARITY | $3,500 |
APLASTIC ANEMIA MDS PURPOSE: ALL GRANTS AND CONTRIBUTIONS ARE FOR THE DONEE'S UNRESTRICTED USE IN THEIR CHARITY | $3,000 |
ASSISTANCE LEAGUE OF LONG BEACH PURPOSE: ALL GRANTS AND CONTRIBUTIONS ARE FOR THE DONEE'S UNRESTRICTED USE IN THEIR CHARITY | $12,500 |
CASA YOUTH SHELTER PURPOSE: ALL GRANTS AND CONTRIBUTIONS ARE FOR THE DONEE'S UNRESTRICTED USE IN THEIR CHARITY | $4,000 |
BOLSA CHICA LAND TRUST PURPOSE: ALL GRANTS AND CONTRIBUTIONS ARE FOR THE DONEE'S UNRESTRICTED USE IN THEIR CHARITY | $1,000 |