Lillian Reid Charitable Foundation
- Assets
- $3.5m
- Revenue
- $4.7m
- Investments
- $3.4m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- Data as of
- 03/2023
- EIN
- 88-6254977
Organization Overview
Lillian Reid Charitable Foundation is located in Detroit, MI. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lillian Reid 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.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,960,258 |
| Interest on Savings | $82 |
| Dividends & Interest | $82,649 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $651,497 |
| Capital Gain Net Income | $651,497 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,000 |
| Total Revenue | $4,695,486 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,830 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $138 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10 |
| Total operating and administrative expenses | $40,681 |
| Contributions, gifts, grants paid | $174,800 |
| Total expenses and disbursements | $215,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,062 |
| Savings and temporary cash investments | $60,818 |
| 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 | $3,474,156 |
| 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, Lillian Reid Charitable Foundation has awarded $174,800 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
VNA & HOSPICE OF THE SOUTHWEST PURPOSE: DAILY OPERATIONAL SUPPORT | $17,480 |
BENNINGTON COUNTY HUMAN SOCIETY PURPOSE: DAILY OPERATIONAL SUPPORT | $17,480 |
UNIVERSITY OF VERMONT PURPOSE: DAILY OPERATIONAL SUPPORT | $17,480 |
ARLINGTON FOOD SHELF INC PURPOSE: DAILY OPERATIONAL SUPPORT | $17,480 |
MEALS ON WHEELS OF PURPOSE: DAILY OPERATIONAL SUPPORT | $17,480 |
BENNINGTON COUNTY COALITION FOR PURPOSE: DAILY OPERATIONAL SUPPORT | $17,480 |