Reid Family Foundation
- Assets
- $96.6k
- Revenue
- -$5.0k
- Investments
- $93.3k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 03/2012
- Data as of
- 12/2022
- EIN
- 45-3697639
Organization Overview
Reid Family Foundation is located in Houston, TX. The organization was established in 2012. 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. 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.
Since 2015, Reid Family Foundation has awarded 103 individual grants totaling $670,280. 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
PROVIDE FUNDS FOR CHARITABLE ORGANIZATIONS TO FULFILL THEIR CHARITABLE PURPOSEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory A Reid President | 0 | $0 | |
Janelle C Reid Secretary/treasurer | 0 | $0 | |
J Cole Dawson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,075 |
| Interest on Savings | $30 |
| Dividends & Interest | $3,415 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,972 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$3,531 |
| Total Revenue | -$4,983 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $121 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $289 |
| Total operating and administrative expenses | $4,310 |
| Contributions, gifts, grants paid | $66,860 |
| Total expenses and disbursements | $71,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,309 |
| Savings and temporary cash investments | $0 |
| 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 | $29,546 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $96,612 |
| 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, Reid Family Foundation has awarded $66,860 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CHAPELWOOD UNITED METHODIST CHURCH PURPOSE: CHARITABLE PURPOSES | $30,000 |
CAMPUS CRUSADE PURPOSE: CHARITABLE PURPOSES | $4,600 |
MISSION OF YAHWEH PURPOSE: CHARITABLE PURPOSES | $4,500 |
NICK FINNEGAN COUNSELLING CENTER PURPOSE: CHARITABLE PURPOSES | $2,500 |
HOUSTON FOOD BANK PURPOSE: CHARITABLE PURPOSES | $1,500 |
PRIORITY LIVINGORG PURPOSE: CHARITABLE PURPOSE | $3,960 |