Reynolds Foundation 186-8803582
- Assets
- $14.4m
- Revenue
- $805.4k
- Investments
- $14.2m
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 01/1996
- Data as of
- 06/2024
- EIN
- 56-1925457
Organization Overview
Reynolds Foundation 186-8803582 is located in Knoxville, TN. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Reynolds Foundation 186-8803582 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 06/2024, Reynolds Foundation 186-8803582 generated $805.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $983.4k during the year ending 06/2024. While expenses have increased by 1.0% per year over the past 8 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 2017, Reynolds Foundation 186-8803582 has awarded 203 individual grants totaling $6,989,634. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $494,466 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $310,971 |
| Capital Gain Net Income | $310,971 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $805,437 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $37,217 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,620 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $830 |
| Total operating and administrative expenses | $100,395 |
| Contributions, gifts, grants paid | $883,016 |
| Total expenses and disbursements | $983,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $139,892 |
| 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 | $14,383,741 |
| 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, Reynolds Foundation 186-8803582 has awarded $883,016 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
HOSPITAL HOSPITALITY HOUSE OF WS PURPOSE: BATHROOM RENOVATION | $100,000 |
LIFE CHALLENGE OF WESTERN NORTH CAROLINA PURPOSE: RESIDENTIAL REHABILITATION | $5,000 |
COLABORATIVA LA MILPA PURPOSE: RAICES SUMMER CAMP 2023 | $15,000 |
PRESERVE HISTORIC FORSYTH PURPOSE: RECOGNITION OF BETHANIA | $15,000 |
CREATIVE CORRIDORS COALITION PURPOSE: THE PETER OLIVER PAVILLION | $100,000 |
APPALACHIAN BARN ALLIANCE PURPOSE: SUPPORT | $15,000 |