Civic Intelligence

Reed Charitable Foundation Inc.

990 • Fiscal year 2022 • EIN 84-3627777

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 15, 2023

2900 Lake Shore DriveOrlando, FL 32803

(407) 902-8922

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

84th percentile

37%

Higher net margin than 84% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

75th percentile

$115,000

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 13.4% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

88th percentile

50%

Faster asset growth than 88% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

83rd percentile

56%

Faster revenue growth than 83% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$961,962

Up $318,916 (+50%) from 2021

Net Assets

Up

$961,962

Up $318,916 (+50%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$857,110

Up $305,950 (+56%) from 2021

Expenses

Up

$540,253

Up $292,644 (+118%) from 2021

Net Income

Up

$316,857

Up $13,306 (+4.4%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2019: $68,833Liabilities 2019: $0Net Assets 2019: $68,8332019Assets 2020: $339,495Liabilities 2020: $0Net Assets 2020: $339,4952020Assets 2021: $643,046Liabilities 2021: $0Net Assets 2021: $643,0462021Assets 2022: $961,962Liabilities 2022: $0Net Assets 2022: $961,9622022Assets 2023: $1,257,267Liabilities 2023: $21,451Net Assets 2023: $1,235,8162023Assets 2024: $1,130,196Liabilities 2024: $34,843Net Assets 2024: $1,095,3532024Assets 2025: $1,354,310Liabilities 2025: $37,847Net Assets 2025: $1,316,4632025

Highlighted filing

2022

Assets$961,962
Liabilities$0
Net Assets$961,962

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2019: $69,268Expenses 2019: $435Net Income 2019: $68,8332019Revenue 2020: $270,662Expenses 2020: $0Net Income 2020: $270,6622020Revenue 2021: $551,160Expenses 2021: $247,609Net Income 2021: $303,5512021Revenue 2022: $857,110Expenses 2022: $540,253Net Income 2022: $316,8572022Revenue 2023: $1,103,795Expenses 2023: $829,941Net Income 2023: $273,8542023Revenue 2024: $1,184,587Expenses 2024: $1,325,050Net Income 2024: -$140,4632024Revenue 2025: $1,667,857Expenses 2025: $1,446,747Net Income 2025: $221,1102025

Highlighted filing

2022

Revenue$857,110
Expenses$540,253
Net Income$316,857
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 15, 2023
Return Version
2022v5.0
Gross Receipts
$1,019,017
Mission and Program Overview

Mission

To immediately make meaningful change for students with dyslexia by providing scholarships for teacher training and private orton-gillingham tutoring. Hosting free community education events to provide exceptional content of best practices in dyslexia/general literacy education and facilitate meaningful fellowship for families impacted by dyslexia, and providing social-emotional programming like noticeability that helps students with dyslexia identify their strengths and build self-esteem critical to their long-term success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$643,046$961,962▲ $318,916
Rtn Earn Endowment Incm Other Fnds$643,046$961,962▲ $318,916
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$643,046$961,962▲ $318,916
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$643,046$961,962▲ $318,916
Total Liabilities and Net Assets / Fund Balance$643,046$961,962▲ $318,916
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ella BourniakVP of PhilanthropyFT$115,000$115,000

Board Members and Trustees

NameTitle
Jennifer KnopfPresident
Michael SmithSecretary
James SeayTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$805,345
Program Service Revenue
$51,765
Investment Income
$0
Other Revenue
$0
All Other Contributions
$471,620
Change in Net Assets
$316,857

Audited Revenue Reconciliation

Revenue per Audited Statements
$857,110
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$857,110
Total Revenue per Form 990
$857,110
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$319,214
Other Expenses$195,298
Total Fundraising Expense$52,217
Professional Fundraising Fees$25,741
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Employee Benefits$255,806$36,932$26,476$319,214
Fees for Services Other$31,162$17,131-$48,293
Fees for Services Professional Fundraising--$25,741$25,741
Office Expenses-$14,705-$14,705
Insurance$8,777--$8,777
Other Expenses$4,932--$4,932
Total Functional Expenses$419,268$68,768$52,217$540,253

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$540,253
Total Expenses per Audited Statements$540,253
Total Expenses per Form 990$540,253
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$161,907
Fundraising Gross Income$161,907
Professional Fundraising Fees$25,741

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$495,632$161,907$161,907$0
Total Events$495,632$161,907$161,907$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 tax return is reviewed by the president and treasurer before filing.

Form 990, Part VI, Section B, Line 12C

Enforcement of conflict of interest policy monitoring is completed through periodic board meetings.

Form 990, Part VI, Section B, Line 15

All compensation decisions are made at a full board meeting. No compesation was paid to officers in 2022.

Form 990, Part VI, Section C, Line 19

Governing documents are available upon request or on guidestar.

Filing and Contact Details

Filer

Filer Name
Reed Charitable Foundation Inc
EIN
84-3627777
Phone
4079028922
Address
2900 LAKE SHORE DRIVE, ORLANDO, FL 32803

Signing Officer

Name
Jennifer Knopf
Title
President
Phone
4079028922
Signed
2023-06-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Knopf
Formed
2019
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
8
Volunteers
20

Preparer

Firm
Schafer Tschopp Whitcomb Et Al
Address
541 S ORLANDO AVENUE SUITE 312, MAITLAND, FL 32751
Preparer
Thomas Tschopp
Phone
4078752760
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

To immediately make meaningful change for students with dyslexia by providing scholarships for teacher training and private orton-gillingham tutoring. Hosting free community education events to provide exceptional content of best practices in dyslexia/general literacy education and facilitate meaningful fellowship for families impacted by dyslexia, and providing social-emotional programming like noticeability that helps students with dyslexia identify their strengths and build self-esteem critical to their long-term success.

FORM 990, PART XI, LINE 9:

AUDIT ADJUSTMENTS 2,059.

Financial Statement Notes

PART X, LINE 2:

In accordance with "income taxes" fasb accounting standards codification topic 740 (topic 740), all entities are required to evaluate and disclose income tax risks. Topic 740 clarifies the accounting for uncertainty in tax positions and prescribes guidance related to the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The tax benefit from an uncertain tax position is only recognized in the statement of financial position if the tax position is more likely than not to be sustained upon an examination, based on the technical merits of the position. Interest and penalties, if any, are included in expenses in the statement of activities. As of december 31, 2022, the organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. The organization's income tax returns are subject to review and examination by federal authorities. The organization is not aware of any activities that would jeopardize its tax-exempt status. The organization is not aware of any activities that are subject to tax on unrelated business income, excise or other taxes. The tax returns for the fiscal years ended from 2019 to 2021 are open to examination by federal authorities.

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

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN ACCORDANCE WITH "INCOME TAXES" FASB ACCOUNTING STANDARDS CODIFICATION TOPIC 740 (TOPIC 740), ALL ENTITIES ARE REQUIRED TO EVALUATE AND DISCLOSE INCOME TAX RISKS. TOPIC 740 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES GUIDANCE RELATED TO THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION IS ONLY RECOGNIZED IN THE STATEMENT OF FINANCIAL POSITION IF THE TAX POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON AN EXAMINATION, BASED ON THE TECHNICAL MERITS OF THE POSITION. INTEREST AND PENALTIES, IF ANY, ARE INCLUDED IN EXPENSES IN THE STATEMENT OF ACTIVITIES. AS OF DECEMBER 31, 2022, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, EXCISE OR OTHER TAXES. THE TAX RETURNS FOR THE FISCAL YEARS ENDED FROM 2019 TO 2021 ARE OPEN TO EXAMINATION BY FEDERAL AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleG/AgrmtProfFundraisingActyInd00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0333725
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0333725
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0161907
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0495632
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0495632
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0161907
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0161907
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0161907
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0161907
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO IMMEDIATELY MAKE MEANINGFUL CHANGE FOR STUDENTS WITH DYSLEXIA BY PROVIDING SCHOLARSHIPS FOR TEACHER TRAINING AND PRIVATE ORTON-GILLINGHAM TUTORING. HOSTING FREE COMMUNITY EDUCATION EVENTS TO PROVIDE EXCEPTIONAL CONTENT OF BEST PRACTICES IN DYSLEXIA/GENERAL LITERACY EDUCATION AND FACILITATE MEANINGFUL FELLOWSHIP FOR FAMILIES IMPACTED BY DYSLEXIA, AND PROVIDING SOCIAL-EMOTIONAL PROGRAMMING LIKE NOTICEABILITY THAT HELPS STUDENTS WITH DYSLEXIA IDENTIFY THEIR STRENGTHS AND BUILD SELF-ESTEEM CRITICAL TO THEIR LONG-TERM SUCCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 TAX RETURN IS REVIEWED BY THE PRESIDENT AND TREASURER BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ENFORCEMENT OF CONFLICT OF INTEREST POLICY MONITORING IS COMPLETED THROUGH PERIODIC BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL COMPENSATION DECISIONS ARE MADE AT A FULL BOARD MEETING. NO COMPESATION WAS PAID TO OFFICERS IN 2022.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST OR ON GUIDESTAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AUDIT ADJUSTMENTS 2,059.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0643046
IRS990/TotalAssetsEOYAmt0961962
IRS990/TotalAssetsGrp/BOYAmt0643046
IRS990/TotalAssetsGrp/EOYAmt0961962
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0805345
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt052217
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt068768
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0419268
IRS990/TotalFunctionalExpensesGrp/TotalAmt0540253
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0643046
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0961962
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0419268
IRS990/TotalProgramServiceRevenueAmt051765
IRS990/TotalReportableCompFromOrgAmt0115000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt051765
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0857110
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0643046
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0961962
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02900 LAKE SHORE DRIVE
IRS990/USAddress/CityNm0ORLANDO
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032803
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.REEDCHARITABLEFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JENNIFER KNOPF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04079028922
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-06-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REED CHARITABLE FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0REED
ReturnHeader/Filer/EIN0843627777
ReturnHeader/Filer/PhoneNum04079028922
ReturnHeader/Filer/USAddress/AddressLine1Txt02900 LAKE SHORE DRIVE
ReturnHeader/Filer/USAddress/CityNm0ORLANDO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032803
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261472386
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHAFER TSCHOPP WHITCOMB ET AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0541 S ORLANDO AVENUE SUITE 312
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MAITLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032751
ReturnHeader/PreparerPersonGrp/PhoneNum04078752760
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS TSCHOPP
ReturnHeader/ReturnTs02023-06-16T07:15:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JENNIFER
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KNOPF
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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