The Reeves Foundation
- Assets
- $21.1m
- Revenue
- $3.3m
- Investments
- $20.9m
- Employees
- 0
- Location
- Short Hills, NJ
- Founding
- 10/1988
- Data as of
- 06/2022
- EIN
- 58-1792933
Organization Overview
The Reeves Foundation is located in Short Hills, NJ. The organization was established in 1988. 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. Reeves 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 06/2022, Reeves Foundation generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 23.2% each year . All expenses for the organization totaled $1.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Reeves Foundation has awarded 24 individual grants totaling $2,771,372. 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
NONE - NOT A PRIVATE OPERATING FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Je Reeves Jr Pres./treas. | 40 | $135,000 | |
Carolyn Strong V. Pres./sec | 1 | $0 | |
Jane R Mahelis Director | 1 | $0 | |
John E Reeves III Director | 1 | $0 | |
Katherine Mercer Reeves Director | 1 | $0 | |
Daphne Wagner Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $53,363 |
| Interest on Savings | $0 |
| Dividends & Interest | $513,070 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,648,978 |
| Capital Gain Net Income | $2,648,978 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $81,395 |
| Total Revenue | $3,296,806 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $135,000 |
| Other employee salaries and wages | $80,033 |
| Pension plans, employee benefits | $52,568 |
| Interest | $11,577 |
| Taxes | $63,247 |
| Depreciation | $5,697 |
| Occupancy | $48,460 |
| Travel, conferences, and meetings | $1,687 |
| Printing and publications | $2,643 |
| Other expenses | $220,437 |
| Total operating and administrative expenses | $703,382 |
| Contributions, gifts, grants paid | $1,118,853 |
| Total expenses and disbursements | $1,822,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $200,326 |
| 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 | -$17,103 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $20,943,322 |
| Net Land, buildings, and equipment | $8,178 |
| Other assets | $0 |
| Total assets | $21,135,023 |
| 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 | -$2,614 |
| Total liabilities | -$2,614 |
Grants Awarded
Over the last fiscal year, The Reeves Foundation has awarded $1,718,853 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS SUMMIT PURPOSE: OPERATING | $20,000 |
CHARITABLE CONTRIBUTIONS THRU PARTNERSHIP INTERESTS HELD PURPOSE: UNRESTRICTED | $445 |
GREATER NEW YORK COUNCILS BOY SCOUTS OF AMERICA PURPOSE: OPERATING | $10,000 |
GIRL SCOUT COUNCIL OF GREATER NEW YORK INC PURPOSE: CAPITAL | $250,000 |
OVERLOOK FOUNDATION PURPOSE: OPERATING | $10,000 |
OVERLOOK FOUNDATION PURPOSE: CAPITAL | $270,000 |