Civic Intelligence

Gray Reed Foundation

EIN 86-2729435 • 501(c)3 • Dallas, TX

Pub. 78 Eligible

Profile

To promote community involvement and philanthropy by supporting charitable organizations where the gray reed team invests their own money and time.

1601 Elm Street 4600Dallas, TX 75201

n/A

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

84th percentile

36%

Higher net margin than 84% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

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 2024

Asset Growth

59th percentile

2.6%

Faster asset growth than 59% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

11th percentile

-74%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$219,026

Up $5,568 (+2.6%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$219,026

Up $5,568 (+2.6%) from 2023

Revenue

Down

$33,075

Down $96,132 (-74%) from 2023

Expenses

Down

$21,197

Down $29,754 (-58%) from 2023

Net Income

Down

$11,878

Down $66,378 (-85%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2021: $135,151Liabilities 2021: $0Net Assets 2021: $135,1512021Assets 2022: $135,202Liabilities 2022: $0Net Assets 2022: $135,2022022Assets 2023: $213,458Liabilities 2023: $0Net Assets 2023: $213,4582023Assets 2024: $219,026Liabilities 2024: $0Net Assets 2024: $219,0262024

Highlighted filing

2024

Assets$219,026
Liabilities$0
Net Assets$219,026

Operations Trend

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

$200K$150K$100K$50K$0Revenue 2021: $168,859Expenses 2021: $33,708Net Income 2021: $135,1512021Revenue 2022: $33,824Expenses 2022: $33,773Net Income 2022: $512022Revenue 2023: $129,207Expenses 2023: $50,951Net Income 2023: $78,2562023Revenue 2024: $33,075Expenses 2024: $21,197Net Income 2024: $11,8782024

Highlighted filing

2024

Revenue$33,075
Expenses$21,197
Net Income$11,878

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 5, 2025
Return Version
2024v5.2
Gross Receipts
$78,373
Mission and Program Overview

Mission

To promote community involvement and philanthropy by supporting charitable organizations where the gray reed team invests their own money and time.

Program Services

DescriptionGrantsExpenses
THE GRAY REED FOUNDATION FOSTERS PHILANTHROPY AND COMMUNITY ENGAGEMENT BY SUPPORTING IRS-RECOGNIZED 501(C)(3) CHARITABLE ORGANIZATIONS THROUGH A MATCHING CONTRIBUTION PROGRAM. EACH ATTORNEY OR STAFF MEMBER MAY REQUEST UP TO $2,000 ANNUALLY IN MATCHING GIFTS, SUBJECT TO REVIEW AND APPROVAL BY THE FOUNDATION'S DIRECTORS VIA A MATCH REQUEST FORM. INELIGIBLE ORGANIZATIONS INCLUDE POLITICAL ENTITIES, RELIGIOUS ORGANIZATIONS (UNLESS MEETING SPECIFIC SECULAR ACCESS CRITERIA), EDUCATIONAL INSTITUTIONS WITHOUT SCHOLARSHIPS/ENDOWMENTS, DONOR-ADVISED FUNDS, PRIVATE FOUNDATIONS, AND ORGANIZATIONS VIOLATING GRAY REED'S NON-DISCRIMINATION POLICY OR US ANTI-TERRORISM LAWS. THE FOUNDATION ALSO ACCEPTS TAX-DEDUCTIBLE GIFTS FROM EMPLOYEES, PARTNERS, CLIENTS, AND OTHER DONORS, WITH MAJOR GIFTS REQUIRING PRIOR APPROVAL.$0$19,512
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARK GARGIULOPresident/Treasurer-$0--
DARRELL ARMERSecretary-$0--
JAMES GARY GRAYChairman-$0--
GLEN EICHELBERGERVice Chairman/Asst. Treasurer-$0--
MICHAEL BLACHLYVice President/Asst. Secretary-$0--
Filing and Contact Details

Filer

Filer Name
Gray Reed Foundation
EIN
86-2729435
Phone
7139867000
Address
1601 ELM STREET 4600, DALLAS, TX 75201

Signing Officer

Name
Mark Gargiulo
Title
President
Phone
7139867000
Signed
2025-11-05
Discuss with paid preparer
Yes

Preparer

Firm
Rsm US Llp
Address
4650 EAST 53RD STREET, DAVENPORT, IA 52807-3479
Preparer
Jenifer L Chase
Phone
5638884000
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: ordinary dividends. Amount: 3,493.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: foreign tax paid. Amount: 125. Description: account fees. Amount: 1,560. Total to form 990-ez, line 16: 1,685.

Form 990-ez, Part I, Line 20 - Other Changes in Net Assets

Description: current year unrealized g/l. Amount: 4,353. Description: prior year unrealized g/l. Amount: -12,028. Description: cash adjustment. Amount: 1,365. Total to form 990-ez, line 20: -6,310.

Form 990-ez, Part II, Line 24 - Other Assets

Description: investments. Beg. Of year amount: 164,438. End of year amount: 170,006.

Raw XML Appendix167 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.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4MICHAEL BLACHLY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT/TREASURER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3VICE CHAIRMAN/ASST. TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4VICE PRESIDENT/ASST. SECRETARY
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
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IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO PROMOTE COMMUNITY INVOLVEMENT AND PHILANTHROPY BY SUPPORTING CHARITABLE ORGANIZATIONS WHERE THE GRAY REED TEAM INVESTS THEIR OWN MONEY AND TIME.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE GRAY REED FOUNDATION FOSTERS PHILANTHROPY AND COMMUNITY ENGAGEMENT BY SUPPORTING IRS-RECOGNIZED 501(C)(3) CHARITABLE ORGANIZATIONS THROUGH A MATCHING CONTRIBUTION PROGRAM. EACH ATTORNEY OR STAFF MEMBER MAY REQUEST UP TO $2,000 ANNUALLY IN MATCHING GIFTS, SUBJECT TO REVIEW AND APPROVAL BY THE FOUNDATION'S DIRECTORS VIA A MATCH REQUEST FORM. INELIGIBLE ORGANIZATIONS INCLUDE POLITICAL ENTITIES, RELIGIOUS ORGANIZATIONS (UNLESS MEETING SPECIFIC SECULAR ACCESS CRITERIA), EDUCATIONAL INSTITUTIONS WITHOUT SCHOLARSHIPS/ENDOWMENTS, DONOR-ADVISED FUNDS, PRIVATE FOUNDATIONS, AND ORGANIZATIONS VIOLATING GRAY REED'S NON-DISCRIMINATION POLICY OR US ANTI-TERRORISM LAWS. THE FOUNDATION ALSO ACCEPTS TAX-DEDUCTIBLE GIFTS FROM EMPLOYEES, PARTNERS, CLIENTS, AND OTHER DONORS, WITH MAJOR GIFTS REQUIRING PRIOR APPROVAL.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE FOUNDATION BEGAN OPERATIONS ON JANUARY 22, 2021.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, PUBLIC SUPPORT:
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: ORDINARY DIVIDENDS. AMOUNT: 3,493.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: FOREIGN TAX PAID. AMOUNT: 125. DESCRIPTION: ACCOUNT FEES. AMOUNT: 1,560. TOTAL TO FORM 990-EZ, LINE 16: 1,685.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: CURRENT YEAR UNREALIZED G/L. AMOUNT: 4,353. DESCRIPTION: PRIOR YEAR UNREALIZED G/L. AMOUNT: -12,028. DESCRIPTION: CASH ADJUSTMENT. AMOUNT: 1,365. TOTAL TO FORM 990-EZ, LINE 20: -6,310.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: INVESTMENTS. BEG. OF YEAR AMOUNT: 164,438. END OF YEAR AMOUNT: 170,006.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE 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/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK GARGIULO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07139867000
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-05
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ReturnHeader/Filer/EIN0862729435
ReturnHeader/Filer/PhoneNum07139867000
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DAVENPORT
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0528073479
ReturnHeader/PreparerPersonGrp/PhoneNum05638884000
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JENIFER L CHASE
ReturnHeader/ReturnTs02025-11-05T20:29:02-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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