Reedy Acres Foundation
- Assets
- $1.6m
- Revenue
- $56.7k
- Investments
- $655.7k
- Employees
- 0
- Location
- Water Valley, MS
- Founding
- 06/1989
- Data as of
- 12/2022
- EIN
- 57-0887759
Organization Overview
Reedy Acres Foundation is located in Water Valley, MS. The organization was established in 1989. 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. Reedy Acres Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Reedy Acres Foundation has awarded 98 individual grants totaling $636,270. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT DISADVANTAGED IN YALOBUSHA COUNTY. ACCOMPLISHED PRIMARILY BY CONTRIBUTING TO OTHER, ESTABLISHED AND QUALIFIED 501(C)3 ORGANIZATIONS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $18,724 |
| Dividends & Interest | $30,941 |
| Net Rental Income | -$9,811 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $56,665 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $646 |
| Depreciation | $4,458 |
| Occupancy | $9,137 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,216 |
| Total operating and administrative expenses | $23,207 |
| Contributions, gifts, grants paid | $86,122 |
| Total expenses and disbursements | $109,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $639,564 |
| 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 | $563,323 |
| Investments—other | $92,424 |
| Net Land, buildings, and equipment | $280,313 |
| Other assets | $0 |
| Total assets | $1,575,624 |
| 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, Reedy Acres Foundation has awarded $86,122 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
COMPASSION FOOD MINISTRIES PURPOSE: TO HELP PROVIDE FOOD FOR NEEDY FAMIL | $18,000 |
ST JUDE CHILDREN'S HOSPITAL PURPOSE: CHILDREN MEDICAL RESEARCH | $7,500 |
DOORS OF HOPE PURPOSE: HOUSING SUPPORT | $1,000 |
SALVATION ARMY PURPOSE: FOOD AND SHELTER FOR NEEDY FAMILIES | $5,000 |
NORTHWEST COMM COLLEGE FOUNDATION PURPOSE: SCHOLARSHIPS | $10,000 |
SAV-A-LIFE PURPOSE: PREGANCY COUNSELING | $700 |