Kate B Reynolds Charitable Trust
- Assets
- $464.2m
- Revenue
- $18.6m
- Investments
- $432.2m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 10/1983
- Data as of
- 08/2020
- EIN
- 56-6036515
Organization Overview
Kate B Reynolds Charitable Trust is located in Las Vegas, NV. The organization was established in 1983. 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.
For the year ending 08/2020, Kate B Reynolds Charitable Trust generated $18.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (24.0%) each year. All expenses for the organization totaled $29.9m during the year ending 08/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHED STATEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Gerald President | 40 | $386,744 | |
Joel T Beeson Director Of Administ | 40 | $183,877 | |
Nora D Ferrell Director Of Communic | 40 | $116,635 | |
Alan G Welch Information Tech Man | 40 | $107,295 | |
Jason W Baisden Program Officer | 40 | $105,316 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,040,905 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,300,868 |
| Capital Gain Net Income | $6,300,868 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $236,389 |
| Total Revenue | $18,578,162 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,809,821 |
| Other employee salaries and wages | $1,444,698 |
| Pension plans, employee benefits | $495,865 |
| Interest | $0 |
| Taxes | $449,698 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $18,089 |
| Printing and publications | $0 |
| Other expenses | $1,881,700 |
| Total operating and administrative expenses | $7,124,060 |
| Contributions, gifts, grants paid | $22,824,706 |
| Total expenses and disbursements | $29,948,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $624,543 |
| Savings and temporary cash investments | $31,344,360 |
| 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 | $60,722,424 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $34,645 |
| Total assets | $464,153,663 |
| 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, Kate B Reynolds Charitable Trust has awarded $8,403,096 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FCPA FUTURE GRANTS PURPOSE: CHARITABLE CONTRIBUTIONS | $6,717,952 |
HIPA FUTURE GRANTS PURPOSE: CHARITABLE CONTRIBUTINS | $1,685,144 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tosa Foundation Portola Valley, CA | $602,851,213 | $74,662,846 |
Scully Memorial Foundation Mill Valley, CA | $0 | $177,202,304 |
Broad Foundation Los Angeles, CA | $1,846,960,427 | $168,915,423 |
Engelstad Fam Foundation Las Vegas, NV | $799,432,969 | $59,109,744 |
S D Bechtel Jr Foundation San Francisco, CA | $67,419,693 | $6,476,129 |
Henry J Kaiser Family Foundation San Francisco, CA | $735,632,115 | $53,799,622 |
Conrad Prebys Foundation San Diego, CA | $999,791,756 | $614,452,233 |
Reed Family Giving Palo Alto, CA | $0 | $1,785,630 |
Red Husky Foundation Los Gatos, CA | $6,274,305 | $41,190 |
Weingart Foundation Los Angeles, CA | $0 | $38,312,718 |
Elbridge Stuart Foundation San Francisco, CA | $398,384,368 | $27,391,893 |
Sorenson Legacy Foundation Midvale, UT | $471,550,509 | $26,249,297 |