Reaud Charitable Foundation Inc
- Assets
- $31.4m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Beaumont, TX
- Founding
- 02/1990
- Data as of
- 12/2023
- EIN
- 76-0291657
Organization Overview
Reaud Charitable Foundation Inc is located in Beaumont, TX. The organization was established in 1990. 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. Reaud Charitable Foundation Inc 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, Reaud Charitable Foundation Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Reaud Charitable Foundation Inc has awarded 190 individual grants totaling $6,203,437. 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
BIBLES & BIKES IS A CHRISTIAN CHARITABLE EVENT DESIGNED TO PROVIDE FOOD AND GIFTS FOR UNDERPRIVILEDGED CHILDREN DURING THE CHRISTMAS SEASON. THE EVENT SERVES 1,000 CHILDREN IN THE SOUTHEAST TEXAS REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Reaud Executive Di | 0 | $150,000 | |
Wayne Reaud Manager | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,011,500 |
| Interest on Savings | $1,179,561 |
| Dividends & Interest | $72,519 |
| 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 | $2,263,580 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $11,496 |
| Interest | $0 |
| Taxes | $4,598 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,353 |
| Printing and publications | $0 |
| Other expenses | $15,799 |
| Total operating and administrative expenses | $204,891 |
| Contributions, gifts, grants paid | $1,500,731 |
| Total expenses and disbursements | $1,705,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $31,292,625 |
| 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 | $89,405 |
| Other assets | $0 |
| Total assets | $31,382,030 |
| 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, Reaud Charitable Foundation Inc has awarded $1,500,731 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
AUSTIN SYMPHONY PURPOSE: UNRESTRICTED | $10,000 |
BALLET AUSTIN PURPOSE: UNRESTRICTED | $10,000 |
BEAUMONT FIRE FIGHTERS LOCAL 399 PURPOSE: UNRESTRICTED | $10,000 |
BAPTIST HOSPITAL FOUNDATION PURPOSE: UNRESTRICTED | $115,000 |
BIBLES AND BIKES PURPOSE: UNRESTRICTED | $536,731 |
BISHOP CURTIS GUILLORY PURPOSE: UNRESTRICTED | $25,000 |