Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
Reesspecht Life Foundation Inc.
EIN 46-3879296 • 501(c)3 • Sound Beach, NY
Pub. 78 EligibleNTEE Z99
Profile
To encourage others to perform acts of kindness and to remind people of the importance of community, compassion and respect.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
34.34x
Liabilities / Revenue
93rd percentile
Higher debt load relative to revenue than 93% of similar nonprofits.
Net Margin
57th percentile
Higher net margin than 57% of similar nonprofits.
Top Officer Pay
98th percentile
Higher top officer pay than 98% of similar nonprofits.
Top officer pay equals 51.1% of source-year revenue.
Asset Growth
79th percentile
Faster asset growth than 79% of similar nonprofits.
Revenue Growth
71st percentile
Faster revenue growth than 71% of similar nonprofits.
Balance Sheet
Assets
Up$2,607
Up $555 (+27%) from 2023
Liabilities
Down$89,537
Down $5,390 (-5.7%) from 2023
Net Assets
Up-$86,930
Up $5,945 (+6.4%) from 2023
Revenue
Up$101,127
Up $21,214 (+27%) from 2023
Expenses
Down$95,182
Down $44 (-0.0%) from 2023
Net Income
Up$5,945
Up $21,258 (+139%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $2,607
- Liabilities
- $89,537
- Net assets
- -$86,930
- Revenue
- $101,127
- Expenses
- $95,182
- Net income
- $5,945
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Nov 12, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $101,127
Mission and Program Overview
Mission
To encourage others to perform acts of kindness and to remind people of the importance of community, compassion and respect.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| TO PROVIDE BENEVOLENT ASSISTANCE TO INDIVIDUALS OR ORGANIZATIONS THAT DEMONSTRATE A COMMITMENT TO REESSPECHT LIFE FOUNDATION'S ("THE FOUNDATION'S") IDEALS OF COMMUNITY, COMPASSION AND RESPECT. BENEVOLENT ASSISTANCE WILL PRIMARILY TAKE THE FORM OF MONETARY ASSISTANCE (I.E. SCHOLARSHIPS OR DONATIONS) TO INDIVIDUALS OR ORGANIZATIONS, BUT MAY ALSO INCLUDE DONATIONS OF FOOD AND OTHER SUNDRIES. THE FOUNDATION WILL GENERATE FUNDS THROUGH RECEIPT OF GENERAL CONTRIBUTIONS, THE PRODUCTION AND SALE OF ITS "PAY IT FORWARD" CARDS AND THE PRODUCTION AND SALE OF A CHILDREN'S BOOK THAT ILLUSTRATES THE FOUNDATION'S CORE IDEALS. | $0 | $95,182 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| RICHARD SPECHT | Founder, President, CEO | FT | $51,685 | - | $51,685 |
| JAMES SCHIRALDI | Secretary | - | $0 | - | - |
| SAMANTHA SPECHT | Vice President | - | $0 | - | - |
| MELINA RUCK | Treasurer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Reesspecht Life Foundation Inc
- EIN
- 46-3879296
- Phone
- 6313539924
- Address
- 25 CRANE NECK DRIVE, SOUND BEACH, NY 11789
Signing Officer
- Name
- Richard Specht
- Title
- President
- Phone
- 6318492860
- Signed
- 2025-11-12
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Cerini & Associates Llp
- Address
- 3340 VETERANS MEMORIAL HWY, BOHEMIA, NY 11716
- Preparer
- Matt Burke
- Phone
- 6315821600
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: interest and other fees. Amount: 5,798. Description: office supplies. Amount: 2,801. Description: small donations. Amount: 1,944. Description: meals. Amount: 204. Description: travel. Amount: 4,362. Description: information technology. Amount: 4,386. Description: uniforms. Amount: 347. Description: subscriptions. Amount: 1,321. Description: insurance. Amount: 756. Description: summit travel & materials. Amount: 8,250. Description: filing fee. Amount: 50. Description: payroll processing. Amount: 730. Description: equipment. Amount: 1,075. Total to form 990-ez, line 16: 32,024.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: loans. Beg. Of year amount: 94,927. End of year amount: 89,537.”
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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | REESSPECHT LIFE FOUNDATION |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6318492860 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 25 CRANE NECK DRIVE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | SOUND BEACH |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 11789 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 2052 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 2607 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 101127 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 5945 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 3818 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 2052 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 2607 |
| IRS990EZ/GrossReceiptsAmt | 0 | 101127 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -92875 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -86930 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -92875 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -86930 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 51685 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JAMES SCHIRALDI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | SAMANTHA SPECHT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | MELINA RUCK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | RICHARD SPECHT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | FOUNDER, PRESIDENT, CEO |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 32024 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO ENCOURAGE OTHERS TO PERFORM ACTS OF KINDNESS AND TO REMIND PEOPLE OF THE IMPORTANCE OF COMMUNITY, COMPASSION AND RESPECT. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 3513 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | TO PROVIDE BENEVOLENT ASSISTANCE TO INDIVIDUALS OR ORGANIZATIONS THAT DEMONSTRATE A COMMITMENT TO REESSPECHT LIFE FOUNDATION'S ("THE FOUNDATION'S") IDEALS OF COMMUNITY, COMPASSION AND RESPECT. BENEVOLENT ASSISTANCE WILL PRIMARILY TAKE THE FORM OF MONETARY ASSISTANCE (I.E. SCHOLARSHIPS OR DONATIONS) TO INDIVIDUALS OR ORGANIZATIONS, BUT MAY ALSO INCLUDE DONATIONS OF FOOD AND OTHER SUNDRIES. THE FOUNDATION WILL GENERATE FUNDS THROUGH RECEIPT OF GENERAL CONTRIBUTIONS, THE PRODUCTION AND SALE OF ITS "PAY IT FORWARD" CARDS AND THE PRODUCTION AND SALE OF A CHILDREN'S BOOK THAT ILLUSTRATES THE FOUNDATION'S CORE IDEALS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 95182 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 55827 |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | NY |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 94927 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 89537 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 95182 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 95182 |
| IRS990EZ/TotalRevenueAmt | 0 | 101127 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | HTTP://WWW.REESSPECHTLIFE.COM/ |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 101127 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 79913 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 69564 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 37790 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 70050 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 358444 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 358444 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 101127 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 79913 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 69564 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 37790 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 70050 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 358444 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 358444 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: INTEREST AND OTHER FEES. AMOUNT: 5,798. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 2,801. DESCRIPTION: SMALL DONATIONS. AMOUNT: 1,944. DESCRIPTION: MEALS. AMOUNT: 204. DESCRIPTION: TRAVEL. AMOUNT: 4,362. DESCRIPTION: INFORMATION TECHNOLOGY. AMOUNT: 4,386. DESCRIPTION: UNIFORMS. AMOUNT: 347. DESCRIPTION: SUBSCRIPTIONS. AMOUNT: 1,321. DESCRIPTION: INSURANCE. AMOUNT: 756. DESCRIPTION: SUMMIT TRAVEL & MATERIALS. AMOUNT: 8,250. DESCRIPTION: FILING FEE. AMOUNT: 50. DESCRIPTION: PAYROLL PROCESSING. AMOUNT: 730. DESCRIPTION: EQUIPMENT. AMOUNT: 1,075. TOTAL TO FORM 990-EZ, LINE 16: 32,024. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: LOANS. BEG. OF YEAR AMOUNT: 94,927. END OF YEAR AMOUNT: 89,537. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | RICHARD SPECHT |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6318492860 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-11-12 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | REESSPECHT LIFE FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | REES |
| ReturnHeader/Filer/EIN | 0 | 463879296 |
| ReturnHeader/Filer/PhoneNum | 0 | 6313539924 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 25 CRANE NECK DRIVE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | SOUND BEACH |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 11789 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 113066459 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | CERINI & ASSOCIATES LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 3340 VETERANS MEMORIAL HWY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | BOHEMIA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 11716 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6315821600 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-11-12 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | MATT BURKE |
| ReturnHeader/ReturnTs | 0 | 2025-11-12T11:38:30-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
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