Civic Intelligence

The David Michael Reid Foundation

EIN 26-3439898 • 501(c)3 • Kennett Square, PA

Profile

The david michael reid foundation strives to enable disadvantaged youths to achieve their dreams by improving quality of life through opportunity and support. The foundation provides financial and other assistance, including scholarships, to underprivileged youths in the greater philadelphia metropolitan area.

561 Upland RdKennett Square, PA 19348

www.dmrfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

3.04x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

97th percentile

2.14x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

80th percentile

28%

Higher net margin than 80% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

98th percentile

689%

Faster asset growth than 98% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

67th percentile

13%

Faster revenue growth than 67% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$8,693

Up $7,591 (+689%) from 2015

Liabilities

Up

$26,442

Up $4,133 (+19%) from 2015

Net Assets

Up

-$17,749

Up $3,458 (+16%) from 2015

Operations
Liabilities / Revenue97th percentileNet Margin80th percentile

Revenue

Up

$12,367

Up $1,414 (+13%) from 2015

Expenses

Down

$8,909

Down $33,399 (-79%) from 2015

Net Income

Up

$3,458

Up $34,813 (+111%) from 2015

Trend Graphs

Balance Sheet Trend

Asset Growth98th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0-$50KAssets 2010: $33,153Net Assets 2010: $33,1532010Assets 2011: $63,807Net Assets 2011: $63,8072011Assets 2012: $30,642Net Assets 2012: $30,6422012Assets 2013: $6,017Net Assets 2013: $6,0172013Assets 2014: $14,861Liabilities 2014: $4,713Net Assets 2014: $10,1482014Assets 2015: $1,102Liabilities 2015: $22,309Net Assets 2015: -$21,2072015Assets 2016: $8,693Liabilities 2016: $26,442Net Assets 2016: -$17,7492016

Highlighted filing

2016

Assets$8,693
Liabilities$26,442
Net Assets-$17,749
Open 2016 Filing

Operations Trend

Revenue Growth67th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2010: $9,596Expenses 2010: $42,894Net Income 2010: -$33,2982010Revenue 2011: $78,564Expenses 2011: $47,910Net Income 2011: $30,6542011Revenue 2012: $36,646Expenses 2012: $69,810Net Income 2012: -$33,1642012Revenue 2013: $34,074Expenses 2013: $58,699Net Income 2013: -$24,6252013Revenue 2014: $68,267Expenses 2014: $64,136Net Income 2014: $4,1312014Revenue 2015: $10,953Expenses 2015: $42,308Net Income 2015: -$31,3552015Revenue 2016: $12,367Expenses 2016: $8,909Net Income 2016: $3,4582016

Highlighted filing

2016

Revenue$12,367
Expenses$8,909
Net Income$3,458
Open 2016 Filing

Filings

Most recent year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,693
Liabilities
$26,442
Net assets
-$17,749
Revenue
$12,367
Expenses
$8,909
Net income
$3,458
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$8.69$26.4$17.7$12.4$8.91$3.46
2015Detailed filing. Detailed filing data is available for this year.$1.10$22.3$21.2$11.0$42.3$31.4
2014Detailed filing. Detailed filing data is available for this year.$14.9$4.71$10.1$68.3$64.1$4.13
2013Detailed filing. Detailed filing data is available for this year.$6.02$6.02$34.1$58.7$24.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.6$30.6$36.6$69.8$33.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$63.8$63.8$78.6$47.9$30.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.2$33.2$9.60$42.9$33.3
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$14,587
Mission and Program Overview

Mission

The david michael reid foundation strives to enable disadvantaged youths to achieve their dreams by improving quality of life through opportunity and support. The foundation provides financial and other assistance, including scholarships, to underprivileged youths in the greater philadelphia metropolitan area.

Program Services

DescriptionGrantsExpenses
THE FOUNDATION'S PROGRAM SERVICE IS A SCHOLARSHIP FUND, WHICH PROVIDES FULL SCHOLARSHIPS TO HIGH SCHOOL SENIORS IN THE GREATER PHILADELPHIA METROPOLITAN AREA.-$4,661
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
SEAN REIDPresident, D-$0--
SCOTT BARNESTreasurer-$0--
JEFF LOEFFLERDirector-$0--
MARK REID JRVP - Marketi-$0--
ADAM REIDDirector-$0--
ROB STOKESDirector-$0--
Filing and Contact Details

Filer

Filer Name
The David Michael Reid Foundation
EIN
26-3439898
Phone
6103470132
Address
561 UPLAND RD, KENNETT SQUARE, PA 19348

Signing Officer

Name
Sean Reid
Title
President, Director
Signed
2017-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Sullivan Strategic
Address
1000 HADDONFIELD-BERLIN RD STE 206, VOORHEES, NJ 08043-3520
Preparer
John P Sullivan Cpaabv Cva
Phone
8567820098
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses interest 1,284 licenses and fees 214 scholarships 4,661 total 6,159”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 2,367 0 unsecured notes and loans payable 19,942 26,442”

Form 990-ez, Part III

“The david michael reid foundation strives to enable disadvantaged youths to achieve their dreams by improving quality of life through opportunity and support. The foundation provides financial and other assistance, including scholarships, to underprivileged youths in the greater philadelphia metropolitan area.”

Raw XML Appendix151 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum06103470132
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MCLEAN
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
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IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt06159
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
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IRS990EZ/PrimaryExemptPurposeTxt0THE DAVID MICHAEL REID FOUNDATION STRIVES TO ENABLE DISADVANTAGED YOUTHS TO ACHIEVE THEIR DREAMS BY IMPROVING QUALITY OF LIFE THROUGH OPPORTUNITY AND SUPPORT. THE FOUNDATION PROVIDES FINANCIAL AND OTHER ASSISTANCE, INCLUDING SCHOLARSHIPS, TO UNDERPRIVILEGED YOUTHS IN THE GREATER PHILADELPHIA METROPOLITAN AREA.
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/TotalRevenueAmt012367
IRS990EZ/TransactionWithControlEntInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0164714
IRS990ScheduleA/TotalSupportAmt0164714
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES INTEREST 1,284 LICENSES AND FEES 214 SCHOLARSHIPS 4,661 TOTAL 6,159
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS PAYABLE AND ACCRUED EXPENSES 2,367 0 UNSECURED NOTES AND LOANS PAYABLE 19,942 26,442
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DAVID MICHAEL REID FOUNDATION STRIVES TO ENABLE DISADVANTAGED YOUTHS TO ACHIEVE THEIR DREAMS BY IMPROVING QUALITY OF LIFE THROUGH OPPORTUNITY AND SUPPORT. THE FOUNDATION PROVIDES FINANCIAL AND OTHER ASSISTANCE, INCLUDING SCHOLARSHIPS, TO UNDERPRIVILEGED YOUTHS IN THE GREATER PHILADELPHIA METROPOLITAN AREA.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SEAN REID
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT, DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE DAVID MICHAEL REID FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0DAVI
ReturnHeader/Filer/EIN0263439898
ReturnHeader/Filer/PhoneNum06103470132
ReturnHeader/Filer/USAddress/AddressLine1Txt0561 UPLAND RD
ReturnHeader/Filer/USAddress/CityNm0KENNETT SQUARE
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN P SULLIVAN CPAABV CVA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-11-15T11:44:13-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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