Sheldon F Reese Foundation
- Assets
- $4.4m
- Revenue
- $325.5k
- Investments
- $4.2m
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 10/1980
- Data as of
- 12/2022
- EIN
- 46-0358682
Organization Overview
Sheldon F Reese Foundation is located in Sioux Falls, SD. The organization was established in 1980. 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. Sheldon F Reese 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, Sheldon F Reese Foundation generated $325.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $284.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sheldon F Reese Foundation has awarded 212 individual grants totaling $2,072,720. 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 |
|---|---|---|---|
John Quello President | 1 | $0 | |
Virginia Pavelka Luke Vice-President | 1 | $6,000 | |
Deborah Olson Secretary | 1 | $0 | |
Vance Goldammer Treasurer | 1 | $0 | |
Gregg Gohl Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $71,795 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $253,679 |
| Capital Gain Net Income | $253,679 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $325,474 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,665 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,617 |
| Printing and publications | $0 |
| Other expenses | $606 |
| Total operating and administrative expenses | $22,269 |
| Contributions, gifts, grants paid | $261,750 |
| Total expenses and disbursements | $284,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $276,586 |
| 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 | $4,155,611 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,432,197 |
| 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, Sheldon F Reese Foundation has awarded $261,750 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
BLACK HILLS COMMUNITY THEATRE PURPOSE: GENERAL ASSISTANCE | $5,000 |
BLACK HILLS PLAYHOUSE PURPOSE: GENERAL ASSISTANCE | $10,000 |
CHEYENNE RIVER YOUTH PROJECT PURPOSE: GENERAL ASSISTANCE | $5,000 |
FAMILY CONNECTION PURPOSE: GENERAL ASSISTANCE | $8,750 |
CHILDREN'S INN PURPOSE: GENERAL ASSISTANCE | $25,000 |
FAMILY VISITATION CENTER PURPOSE: GENERAL ASSISTANCE | $10,000 |