Edgar Reynolds Foundation Inc
- Assets
- $4.7m
- Revenue
- $144.4k
- Investments
- $4.3m
- Employees
- 0
- Location
- Grand Island, NE
- Founding
- 05/1978
- Data as of
- 12/2020
- EIN
- 47-0589941
Organization Overview
Edgar Reynolds Foundation Inc is located in Grand Island, NE. The organization was established in 1978. 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. Edgar Reynolds 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 12/2020, Edgar Reynolds Foundation Inc generated $144.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $320.3k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Edgar Reynolds Foundation Inc has awarded 213 individual grants totaling $1,619,614. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. FRANCIS FOUNDATION - DONATION AND PAYMENT 1 OF 2 AND 2 OF 2 FOR PROJECT SERENITY
GREATER GRAND ISLAND COMMUNITY FOUNDATION - COVID FUNDS AND COMMUNITY FIRE DEPARTMENTS
GRAND ISLAND SKEET & SPORTING CLAYS - SKEET FIELD DONATION
NEBRASKA STATE FAIR PARK FOUNDATION - PARKING LOT DONATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Glade Chairman | 0 | $45,000 | |
Mike Stoppkottee Trustee | 0 | $0 | |
Judy Brown Trustee | 0 | $0 | |
Kent Coen Trustee | 0 | $0 | |
Gordon Glade Vice-Chairma | 0 | $0 | |
Tim White Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,602 |
| Dividends & Interest | $136,925 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,897 |
| Capital Gain Net Income | $2,897 |
| Net ST Capital Gain | $19 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $144,424 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,523 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,130 |
| Total operating and administrative expenses | $89,293 |
| Contributions, gifts, grants paid | $231,000 |
| Total expenses and disbursements | $320,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $145,278 |
| 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 | $476,191 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $200,000 |
| Total assets | $4,695,229 |
| Accounts payable and accrued expenses | $1,227 |
| 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 | $1,227 |
Grants Awarded
Over the last fiscal year, Edgar Reynolds Foundation Inc has awarded $231,000 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
SAINT FRANCIS FOUNDATION PURPOSE: PROGRAM SUPPORT | $30,000 |
GRAND ISLAND SKEET SPTG CLAYS PURPOSE: SKEET FIELD | $20,000 |
NEBRASKA STATE FAIR FOUNDATION PURPOSE: GRANT | $17,500 |
STUHR MUSEUM FOUNDATION PURPOSE: SUMMER SCHOOL | $17,500 |
CENTRAL COMMUNITY COLLEGE PURPOSE: PROGRAM SUPPORT | $15,000 |
YMCA PURPOSE: PROGRAM SUPPORT | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Buffett Early Childhood Fund Omaha, NE | $9,728,090 | $31,407,344 |
El Pomar Foundation Colorado Springs, CO | $452,441,260 | $71,471,160 |
Centene Charitable Foundation St Louis, MO | $259,102,242 | $5,821,965 |
The Lozier Foundation Omaha, NE | $440,536,134 | $84,469,210 |
Catena Foundation Carbondale, CO | $397,661,850 | $217,833,912 |
Marion And Henry Bloch Family Foundation Kansas City, MO | $681,063,537 | $103,373,855 |
Temple Hoyne Buell Foundation Denver, CO | $377,422,437 | $27,172,510 |