Richard R Reed Foundation
- Assets
- $8.7m
- Revenue
- $552.1k
- Investments
- $8.7m
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 10/2015
- Data as of
- 12/2023
- EIN
- 47-3818599
Organization Overview
Richard R Reed Foundation is located in Phoenix, AZ. The organization was established in 2015. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Richard R Reed 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 12/2023, Richard R Reed Foundation generated $552.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 51.8% each year . All expenses for the organization totaled $748.7k during the year ending 12/2023. While expenses have increased by 48.5% per year over the past 6 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 2016, Richard R Reed Foundation has awarded 187 individual grants totaling $2,550,454. 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 |
|---|---|---|---|
Tamara Valdez President | 25 | $0 | |
Susie G Ketter Reed Director | 1 | $0 | |
Ana Valdez Vice President | 8 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $68 |
| Dividends & Interest | $91,214 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $460,547 |
| Capital Gain Net Income | $460,547 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $312 |
| Total Revenue | $552,141 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $63,513 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $46,308 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,293 |
| Total operating and administrative expenses | $153,805 |
| Contributions, gifts, grants paid | $594,900 |
| Total expenses and disbursements | $748,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,130 |
| Savings and temporary cash investments | $35,765 |
| 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 | $1,393,981 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,744,680 |
| 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 | $206 |
| Total liabilities | $206 |
Grants Awarded
Over the last fiscal year, Richard R Reed Foundation has awarded $594,900 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
4 PAWS 4 LIFE PURPOSE: SPAY/NEUTER PROGRAM FOR RESCUED ANIMALS | $10,000 |
ACHIEVE TAHOE PURPOSE: ADAPTIVE SPORTS PROGRAMMING | $15,000 |
ADVENT HEALTH CASTLE ROCK FOUNDATION PURPOSE: MEDICAL EQUIPMENT FOR BREAST HEALTH | $5,000 |
ANIMAL RESCUE OF THE ROCKIES PURPOSE: FOSTER CARE AND VETERINARY EXPENSES | $5,000 |
BLUE RIVER WATERSHED GROUP PURPOSE: WATERSHED CLEAN UP PROJECTS- EARTH DAY AWARD | $5,000 |
BORP (BAY AREA OUTREACH & RECREATION PROGRAM) PURPOSE: ADAPTIVE SPORTS PROGRAM GYM FEES AND TRAVEL EXPENSES FOR COACHES | $10,000 |