Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
David Michael Reid Foundation Inc
990EZ • Fiscal year 2015 • EIN 26-3439898
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
20.24x
Liabilities / Revenue
97th percentile
Higher debt load relative to revenue than 97% of similar nonprofits.
Net Margin
2nd percentile
Higher net margin than 2% of similar nonprofits.
Top Officer Pay
75th percentile
Higher top officer pay than 75% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
3rd percentile
Faster asset growth than 3% of similar nonprofits.
Revenue Growth
3rd percentile
Faster revenue growth than 3% of similar nonprofits.
Balance Sheet
Assets
Down$1,102
Down $13,759 (-93%) from 2014
Net Assets
Down-$21,207
Down $31,355 (-309%) from 2014
Liabilities
Up$22,309
Up $17,596 (+373%) from 2014
Revenue And Expenses
Revenue
Down$10,953
Down $57,314 (-84%) from 2014
Expenses
Down$42,308
Down $21,828 (-34%) from 2014
Net Income
Down-$31,355
Down $35,486 (-859%) from 2014
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2015 to Dec 31, 2015
- Signed
- Nov 1, 2016
- Return Version
- 2015v2.1
- Gross Receipts
- $12,864
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
| Description | Grants | Expenses |
|---|---|---|
| THE FOUNDATION'S PROGRAM SERVICE IS A SCHOLARSHIP FUND, WHICH PROVIDES FULL SCHOLARSHIPS TO HIGH SCHOOL SENIORS IN THE GREATER PHILADELPHIA METROPOLITAN AREA. | - | $37,870 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| SEAN REID | President, D | - | $0 | - | - |
| SCOTT BARNES | Treasurer | - | $0 | - | - |
| DAN LOEFFLER | Secretary | - | $0 | - | - |
| JEFF LOEFFLER | Director | - | $0 | - | - |
| MARK REID JR | VP - Marketi | - | $0 | - | - |
| ADAM REID | Director | - | $0 | - | - |
| ROB STOKES | Director | - | $0 | - | - |
| NATHAN FOLEY | VP - Scholar | - | $0 | - | - |
| BRIAN HULEA | Director | - | $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
- 2016-11-01
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Sullivan Strategic LLC
- Address
- 923 HADDONFIELD RD SUITE 300, CHERRY HILL, NJ 08002-2752
- Preparer
- John P Sullivan Cpaabv Cva
- Phone
- 8443248291
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses interest 985 licenses and fees 703 scholarships 37,870 total 39,558”
Form 990-ez, Part II, Line 24
“Prepaid expenses and deferred charges 2,750 0 total 2,750 0”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 4,713 2,367 unsecured notes and loans payable 0 19,942”
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 Appendix164 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | SEAN REID |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6103470132 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1701 ESQUIRE LANE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | MCLEAN |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 22101 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 12111 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 1102 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 10953 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -31355 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 2750 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 14861 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 1102 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 1911 |
| IRS990EZ/GrossReceiptsAmt | 0 | 12864 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 10148 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -21207 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 10148 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -21207 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 7 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 8 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 8 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | SEAN REID |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | SCOTT BARNES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | DAN LOEFFLER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | JEFF LOEFFLER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | MARK REID JR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | ADAM REID |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | ROB STOKES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | NATHAN FOLEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 8 | BRIAN HULEA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT, D |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | VP - MARKETI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | VP - SCHOLAR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 8 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 2750 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 39558 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE FOUNDATION'S PROGRAM SERVICE IS A SCHOLARSHIP FUND, WHICH PROVIDES FULL SCHOLARSHIPS TO HIGH SCHOOL SENIORS IN THE GREATER PHILADELPHIA METROPOLITAN AREA. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 37870 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 1911 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | PA |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 1 | NJ |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 2 | NY |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 3 | OK |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 4 | CA |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 5 | VA |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 6 | MD |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 7 | IL |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 8 | MA |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 9 | KY |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 10 | FL |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 4713 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 22309 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 42308 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 37870 |
| IRS990EZ/TotalRevenueAmt | 0 | 10953 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.DMRFOUNDATION.ORG |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 10953 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 68267 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 35168 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 37959 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 78438 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 230785 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 120079 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.51860 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.53460 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 119686 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 111099 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 10953 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 68267 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 35168 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 37959 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 78438 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 230785 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 230785 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES INTEREST 985 LICENSES AND FEES 703 SCHOLARSHIPS 37,870 TOTAL 39,558 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | PREPAID EXPENSES AND DEFERRED CHARGES 2,750 0 TOTAL 2,750 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 4,713 2,367 UNSECURED NOTES AND LOANS PAYABLE 0 19,942 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | SEAN REID |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT, DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2016-11-01 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | THE DAVID MICHAEL REID FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | DAVI |
| ReturnHeader/Filer/EIN | 0 | 263439898 |
| ReturnHeader/Filer/PhoneNum | 0 | 6103470132 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 561 UPLAND RD |
| ReturnHeader/Filer/USAddress/CityNm | 0 | KENNETT SQUARE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | PA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 19348 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 262965076 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SULLIVAN STRATEGIC LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 923 HADDONFIELD RD SUITE 300 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | CHERRY HILL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NJ |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 080022752 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8443248291 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2016-11-07 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JOHN P SULLIVAN CPAABV CVA |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2016-11-07T10:54:04-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2015-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2015-12-31 |
| ReturnHeader/TaxYr | 0 | 2015 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $1,102
- Liabilities
- $22,309
- Net assets
- -$21,207
- Revenue
- $10,953
- Expenses
- $42,308
- Net income
- -$31,355