J Norman & Margaret J Reeves Private Foundation
- Assets
- $954.8k
- Revenue
- $55.1k
- Investments
- $918.7k
- Employees
- 0
- Location
- Oakland, MD
- Founding
- 02/2010
- Data as of
- 12/2023
- EIN
- 27-6139150
Organization Overview
J Norman & Margaret J Reeves Private Foundation is located in Oakland, MD. The organization was established in 2010. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. J Norman & Margaret J Reeves Private 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, J Norman & Margaret J Reeves Private Foundation generated $55.1k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $75.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, J Norman & Margaret J Reeves Private Foundation has awarded 117 individual grants totaling $353,175. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,877 |
| Dividends & Interest | $31,002 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,954 |
| Capital Gain Net Income | $20,954 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,234 |
| Total Revenue | $55,067 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,070 |
| 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 | $260 |
| Other expenses | $1,742 |
| Total operating and administrative expenses | $12,857 |
| Contributions, gifts, grants paid | $62,750 |
| Total expenses and disbursements | $75,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,077 |
| 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 | $30,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $954,812 |
| 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, J Norman & Margaret J Reeves Private Foundation has awarded $62,750 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST ASSEMBLY OF GOD CHURCH PURPOSE: STUDENT BACKPACKS, COATS, | $4,000 |
TRINITY UNITED METHODIST CHURCH PURPOSE: FOOD FOR FEED THE | $8,500 |
FAITH IN ACTION INC PURPOSE: NUTRITIONAL FOOD PROGRAM | $5,000 |
ALLEGANY COUNTY LIBRARY SYSTEMS PURPOSE: PURCHASE OF MATERIALS AND | $5,000 |
FIRST UNITED METHODIST CHURCH PURPOSE: CULTURAL AFTERSCHOOL | $3,000 |
KEYSER-MINERAL COUNTY LIBRARY PURPOSE: DR. SEUSS PARTY | $1,000 |