William A Reed And Mary J Reed Charitable Family Foundation
- Assets
- $27.6m
- Revenue
- $1.7m
- Investments
- $26.4m
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 01/2000
- Data as of
- 12/2022
- EIN
- 43-6831861
Organization Overview
William A Reed And Mary J Reed Charitable Family Foundation is located in Kansas City, MO. The organization was established in 2000. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. William A Reed And Mary J Reed Charitable 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, William A Reed And Mary J Reed Charitable Family Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $1.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, William A Reed And Mary J Reed Charitable Family Foundation has awarded 32 individual grants totaling $3,743,500. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECTION IS NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan A Reed President Director | 3 | $2,000 | |
Dianne M Reed Treasurer Director | 12 | $62,780 | |
Rita R Reed Secretary | 2 | $2,000 | |
Jeffrey H Reed Director | 1 | $2,000 | |
William M Reed Director | 1 | $2,000 | |
Teresa C Reed Director | 1 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $983,371 |
| Interest on Savings | $0 |
| Dividends & Interest | $623,014 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $96,658 |
| Capital Gain Net Income | $292,439 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $42 |
| Total Revenue | $1,703,085 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $72,780 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $15,195 |
| Interest | $0 |
| Taxes | $20,532 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $246,656 |
| Contributions, gifts, grants paid | $1,525,000 |
| Total expenses and disbursements | $1,771,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,206,158 |
| 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 | $27,630,024 |
| 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 | $15,195 |
| Total liabilities | $15,195 |
Grants Awarded
Over the last fiscal year, William A Reed And Mary J Reed Charitable Family Foundation has awarded $1,525,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
UNIV OF KS HOSPITAL PURPOSE: GENERAL SUPPORT - EDUCATIONAL AND HUMANITARIAN | $850,000 |
DONOR ADVISED FUND A PURPOSE: CHARITABLE | $150,000 |
DONOR ADVISED FUND B PURPOSE: CHARITABLE | $150,000 |
DONOR ADVISED FUND C PURPOSE: CHARITABLE | $150,000 |
NELSON ATKINS MUSEUM PURPOSE: EDUCATIONAL AND LITERARY PURPOSE | $100,000 |
WAYSIDE WAIFS INC PURPOSE: EDUCATIONAL AND PREVENTION OF CRUELTY TO ANIMALS PURPOSES | $40,000 |