Reed Family Charitable Foundation
- Assets
- $687.8k
- Revenue
- $11.6k
- Investments
- $651.7k
- Employees
- 0
- Location
- Greenville, MS
- Founding
- 04/1989
- Data as of
- 10/2022
- EIN
- 62-1374895
Organization Overview
Reed Family Charitable Foundation is located in Greenville, MS. The organization was established in 1989. 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. Reed Family Charitable 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 10/2022, Reed Family Charitable Foundation generated $11.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 44.1% each year . All expenses for the organization totaled $138.3k during the year ending 10/2022. While expenses have increased by 26.5% per year over the past 4 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 2020, Reed Family Charitable Foundation has awarded 142 individual grants totaling $559,032. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clarke T Reed Trustee | 0 | $0 | |
Julia B Reed Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,832 |
| Dividends & Interest | $4,724 |
| Net Rental Income | $0 |
| 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 | $11,556 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,417 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $96 |
| Total operating and administrative expenses | $7,264 |
| Contributions, gifts, grants paid | $131,050 |
| Total expenses and disbursements | $138,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,127 |
| Savings and temporary cash investments | $0 |
| 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 | $603,570 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $687,830 |
| 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, Reed Family Charitable Foundation has awarded $131,050 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST PRESBYTERIAN CHURCH PURPOSE: FOR OPERATING EXPENSES | $43,000 |
GREENVILLE CYPRESS RESERVE PURPOSE: PRESERVING CYPRESS TREES IN GREENVILLE | $11,600 |
Greenville, MS PURPOSE: LIFE IN GREENVILLE FROM THE 1800S | $10,000 |
WILDLIFE MS PURPOSE: HELP DELIVER INNOVATIVE CONSERVATION PROJECTS | $10,000 |
UNITED WAY OF GREENVILLE PURPOSE: TO SUPPORT VARIOUS CHARITIES IN WASH CO | $6,500 |
BOYS GIRLS CLUB OF WASH CO PURPOSE: HELPING TO PROVIDE SUSTAINABILITY FOR THE YOUTH OF OUR COMMUNITY | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Builders Initiative Bentonville, AR | $992,945,696 | $530,265,880 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |
Union General Hospital Farmerville, LA | $25,999,661 | $20,373,665 |
Fore Kids Foundation Inc Avondale, LA | $11,128,381 | $16,554,167 |
Willard And Pat Walker Charitable Foundation Inc Fayetteville, AR | $353,155,323 | $36,054,174 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |