Reese Foundation
- Assets
- $2.7m
- Revenue
- $188.8k
- Investments
- $2.6m
- Employees
- 0
- Location
- Austin, TX
- Founding
- 11/1999
- Data as of
- 12/2018
- EIN
- 74-2883252
Organization Overview
Reese Foundation is located in Austin, TX. The organization was established in 1999. 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.
For the year ending 12/2018, Reese Foundation generated $188.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $166.9k during the year ending 12/2018. While expenses have increased by 0.7% per year over the past 3 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael S Reese Vice-President | 0 | $0 | |
Pamela W Reese President | 0 | $0 | |
Dawn R Bain Secretary | 0 | $0 | |
David Bain Board Member | 0 | $0 | |
Janise Simmons Treasurer | 0 | $0 | |
Nanci Moy Executive Director | 4 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $156 |
| Dividends & Interest | $36,375 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $152,040 |
| Capital Gain Net Income | $152,040 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $265 |
| Total Revenue | $188,836 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $85 |
| Taxes | $488 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $141 |
| Total operating and administrative expenses | $21,939 |
| Contributions, gifts, grants paid | $145,000 |
| Total expenses and disbursements | $166,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $139,253 |
| 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 | $2,742,776 |
| 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, Reese Foundation has awarded $145,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
AUSTIN THEATRE ALLIANCE PURPOSE: ENGAGE CENTRAL TEXANS THROUGH LIVE PERFORMANCES AND FILMS, TO IGNITE THE INTELLECT AND IMAGINATION OF OUR YOUTH, AND TO ENSURE THE PRESERVATION OF THE CROWN JEWELS OF AUSTIN. | $5,000 |
AUSTIN TRAIL FOUNDATION PURPOSE: PROTECTING AND ENHANCING THE ANN & ROY BUTLER HIKE-AND-BIKE TRAIL AT LADY BIRD LAKE | $10,000 |
COLORADO RIVER ALLIANCE PURPOSE: CONSERVATION AND PROTECTION OF THE TEXAS COLORADO RIVER | $10,000 |
CREATIVE ACTION AUSTIN PURPOSE: INSPIRING YOUNG MINDS THROUGH THE ARTS | $7,500 |
ECORISE YOUTH INNOVATIONS PURPOSE: PROVIDES INNOVATIVE EDUCATIONAL PROGRAMS TO UNDERSERVED SCHOOLS | $10,000 |
THE NATIONAL WILDLIFE FEDERATION PURPOSE: WILDLIFE PROTECTION | $15,000 |