Reynolds American Foundation
- Assets
- $54.3m
- Revenue
- $1.8m
- Investments
- $53.8m
- Employees
- 0
- Location
- Winston Salem, NC
- Founding
- 08/1986
- Data as of
- 12/2023
- EIN
- 58-1681920
Organization Overview
Reynolds American Foundation is located in Winston Salem, NC. The organization was established in 1986. 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 American 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, Reynolds American Foundation generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (17.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Reynolds American Foundation has awarded 1,772 individual grants totaling $15,574,651. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shay Mustafa Chair | 1 | $0 | |
Mary Elizabeth Barwick President | 1 | $0 | |
Steve Holland Q1-Q32023 Treasurer | 1 | $0 | |
Ray Paulin Q42023 Treasurer | 1 | $0 | |
Monique Petree Secretary | 1 | $0 | |
Derrick Manuel Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23,579 |
| Dividends & Interest | $1,128,983 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $694,538 |
| Capital Gain Net Income | $1,180,455 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,847,100 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $115,846 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $356,146 |
| Contributions, gifts, grants paid | $1,733,367 |
| Total expenses and disbursements | $2,089,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $444,798 |
| 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 | $54,263,213 |
| 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 | $50,769 |
| Total liabilities | $50,769 |
Grants Awarded
Over the last fiscal year, Reynolds American Foundation has awarded $1,733,367 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
ABC OF NC FOUNDATION PURPOSE: CHARITABLE ACTIVITIES | $366 |
ARTS COUNCIL OF WINSTON-SALEM AND FORSYTH COUNTY PURPOSE: CHARITABLE ACTIVITIES | $50,000 |
AUTHORING ACTION PURPOSE: CHARITABLE ACTIVITIES | $50,000 |
BIG BROTHERS BIG SISTERS SERVICES INC PURPOSE: CHARITABLE ACTIVITIES | $15,000 |
BAPTIST CHILDRENS HOMES OF NORTH CAROLINA INC PURPOSE: CHARITABLE ACTIVITIES | $15,000 |
CHARITIES AID FOUNDATION AMERICA PURPOSE: CHARITABLE ACTIVITIES | $287,733 |