W Vernie Reed Memorial Fund

Organization Overview

W Vernie Reed Memorial Fund is located in Seattle, WA. The organization was established in 1981. According to its NTEE Classification (J11) the organization is classified as: Single Organization Support, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. W Vernie Reed Memorial Fund 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 10/2021, W Vernie Reed Memorial Fund generated $177.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 67.0% each year . All expenses for the organization totaled $127.7k during the year ending 10/2021. While expenses have increased by 40.5% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CONTRIBUTE TO THE EDUCATIONAL NEEDS OF MEMBERS AND DEPENDENTS OF LABORERS' INTERNATIONAL UNION OF NORTH AMERICA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONTRIBUTE TO THE EDUCATIONAL NEEDS OF MEMBERS AND DEPENDENTS OF LABORERS' INTERNATIONAL UNION OF NORTH AMERICA.


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Board, Officers & Key Employees

Name (title)Compensation
Pamela Reed
President
$0
Stacy Martin
Secretary
$0
John L Adams
Treasurer
$0
Fred Duke
Vice President
$0
Robert F Abbott
Director
$0
Les Coughran
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$172,100
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$172,100
Total Program Service Revenue$0
Investment income $5,200
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $158
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $177,458

Grants Recieved

Over the last fiscal year, we have identified 4 grants that W Vernie Reed Memorial Fund has recieved totaling $38,000.

Awarding OrganizationAmount
Laborers International Union Of North America

Seattle, WA

PURPOSE: Scholarship fund

$10,000
Laborers International Union Of North America

Portland, OR

PURPOSE: CHARITY SPONSORSHIP

$10,000
Laborers International Union Of North America

Des Moines, WA

PURPOSE: GENERAL SUPPORT

$10,000
Laborers International Union Of North America

Reno, NV

PURPOSE: Program Support

$8,000
View Grant Recipient Profile

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