William J Rea Jr Charitable Foundation
- Assets
- $114.4k
- Revenue
- $13.2k
- Investments
- $107.7k
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 02/2017
- Data as of
- 12/2022
- EIN
- 81-2905309
Organization Overview
William J Rea Jr Charitable Foundation is located in Tulsa, OK. The organization was established in 2017. 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. William J Rea Jr 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 12/2022, William J Rea Jr Charitable Foundation generated $13.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 30.1% each year . All expenses for the organization totaled $5.1k during the year ending 12/2022. 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 |
|---|---|---|---|
William J Rea Jr Trustee | 2 | $0 | |
Nancy Leake Sevenoaks Trustee | 1 | $0 | |
John W Griffin Trustee | 1 | $0 | |
Stephen Wells Trustee | 1 | $0 | |
Audrey Sevenoaks Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,169 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,041 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,208 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $390 |
| Total operating and administrative expenses | $1,090 |
| Contributions, gifts, grants paid | $4,000 |
| Total expenses and disbursements | $5,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,683 |
| 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 | $14,115 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $114,375 |
| 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, William J Rea Jr Charitable Foundation has awarded $4,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON AVE METHODIST CHURCH PURPOSE: GENERAL FUND | $1,000 |
FRIENDS OF SCOUTING PURPOSE: GENERAL FUND | $1,000 |
OU FOUNDATION PURPOSE: GENERAL FUND | $1,000 |
TULSA AREA HABITAT FOR HUMANITY PURPOSE: GENERAL FUND | $1,000 |