Reams Foundation Inc
- Assets
- $30.5m
- Revenue
- $2.7m
- Investments
- $27.6m
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 12/1994
- Data as of
- 12/2021
- EIN
- 35-1933846
Organization Overview
Reams Foundation Inc is located in Charleston, SC. The organization was established in 1994. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reams Foundation Inc 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 12/2021, Reams Foundation Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 1.6% 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.
Since 2015, Reams Foundation Inc has awarded 182 individual grants totaling $8,889,600. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred W Reams Pres./dir | 1 | $0 | |
Kristen A Carter Director | 1 | $0 | |
Matthew D Reams Director | 20 | $0 | |
Kimberly A Cole Director | 1 | $0 | |
Karen A Reams Vp/director | 1 | $0 | |
Karen E Saboe Secretary/dir | 15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wappoo Creek Consulting | 12/30/21 | $56,000 |
Waypoint Wealth Counsel | 12/30/21 | $202,035 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,826,040 |
| Interest on Savings | $0 |
| Dividends & Interest | $789,807 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $6,428,715 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $70,407 |
| Total Revenue | $2,686,254 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,943 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $75,550 |
| Printing and publications | $0 |
| Other expenses | $520 |
| Total operating and administrative expenses | $344,048 |
| Contributions, gifts, grants paid | $1,180,000 |
| Total expenses and disbursements | $1,524,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,250 |
| Savings and temporary cash investments | $2,969,515 |
| 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 | $30,526,715 |
| 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, Reams Foundation Inc has awarded $1,180,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Arlington, VA PURPOSE: GENERAL | $250,000 |
Indianapolis, IN PURPOSE: GENERAL | $200,000 |
MACKINAC CENTER FOR PUBLIC POLICY PURPOSE: GENERAL | $140,000 |
Atlanta, GA PURPOSE: GENERAL | $100,000 |
Arlington, VA PURPOSE: GENERAL | $100,000 |
GOLDWATER INSTITUTE PURPOSE: GENERAL | $80,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oe Enterprises Incorporated Hillsborough, NC | $3,102,909 | $7,461,058 |
Contemporary Science Center Research Triangle Park, NC | $12,289,489 | $6,780,617 |
Kenneth M And Sue B Henson Charitable Tr Columbus, GA | $128,427 | $4,166 |
Merrie Woode Foundation Inc Sapphire, NC | $18,712,805 | $4,317,450 |
Advanced Home Care Inc Charlotte, NC | $49,691,294 | $9,074,122 |
Star Choices Inc Macon, GA | $3,954,236 | $2,942,133 |
American Academy Of Religion Inc Atlanta, GA | $12,832,858 | $1,627,436 |
Intown Community School Ics Atlanta, GA | $2,336,997 | $3,039,044 |
Outreach America Inc Kernersville, NC | $192,374 | $1,711,810 |
Konos Connection Fayetteville, GA | $2,863,786 | $1,886,079 |
Adult Life Programs Inc Hickory, NC | $1,268,472 | $1,237,565 |
Reams Foundation Inc Charleston, SC | $30,526,715 | $2,686,254 |