Liabilities / Assets
58th percentile
Tied with the lowest-debt nonprofits in its peer group.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
59th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
93rd percentile
Higher net margin than 93% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
87th percentile
Faster asset growth than 87% of similar nonprofits.
Revenue Growth
96th percentile
Faster revenue growth than 96% of similar nonprofits.
Balance Sheet
Assets
Up$213,458
Up $78,256 (+58%) from 2022
Net Assets
Up$213,458
Up $78,256 (+58%) from 2022
Liabilities
Flat$0
Flat from 2022
Revenue And Expenses
Revenue
Up$129,207
Up $95,383 (+282%) from 2022
Expenses
Up$50,951
Up $17,178 (+51%) from 2022
Net Income
Up$78,256
Up $78,205 (+153343%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Jul 29, 2024
- Return Version
- 2023v5.1
- Gross Receipts
- $133,375
Mission and Program Overview
Mission
SEE SCHEDULE O.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| FIRM ATTORNEYS, STAFF, CLIENTS AND FRIENDS OF THE FIRM FUND THE FOUNDATION, AND GRAY REED ATTORNEYS AND STAFF CAN HAVE THEIR INDIVIDUAL CHARITABLE CONTRIBUTIONS MATCHED THROUGH THE FOUNDATION'S EMPLOYEE MATCHING PROGRAM OR REQUEST A GRANT BE MADE TO A CHARITY IN RECOGNITION OF THEIR VOLUNTEER EFFORTS. | $0 | $49,844 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| MARK GARGIULO | President/Treasurer | - | $0 | - | - |
| DARRELL ARMER | Secretary | - | $0 | - | - |
| JAMES GARY GRAY | Chairman | - | $0 | - | - |
| GLEN EICHELBERGER | Vice Chairman/Asst. Treasurer | - | $0 | - | - |
| MICHAEL BLACHLY | Vice President/Asst. Secretary | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Gray Reed Foundation
- EIN
- 86-2729435
- Phone
- 8778295500
- Address
- 1601 ELM STREET SUITE 4600, DALLAS, TX 75201-4701
Signing Officer
- Name
- Mark Gargiulo
- Title
- President
- Phone
- 8778295500
- Signed
- 2024-07-29
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Rsm US Llp
- Address
- 4622 PENNSYLVANIA AVE STE 1100, KANSAS CITY, MO 64112
- Preparer
- Kevin Ensminger
- Phone
- 8167533000
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 4 - Other Investment Income
“Description: ordinary dividends. Amount: 2,668.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: insurance. Amount: 1,185. Description: foreign tax paid. Amount: 56. Description: account fees for frost account #1317. Amount: 1,051. Total to form 990-ez, line 16: 2,292.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: investments. Beg. Of year amount: 104,527. End of year amount: 164,438.”
Form 990-ez, Part III, Primary Exempt Purpose
“Firm attorneys, staff, clients and friends of the firm fund the foundation, and gray reed attorneys and staff can have their individual charitable contributions matched through the foundation's employee matching program or request a grant be made to a charity in recognition of their volunteer efforts.”
Raw XML Appendix165 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/PersonNm | 0 | MARK GARGIULO |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8778295500 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1601 ELM STREET SUITE 4600 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | DALLAS |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TX |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 752014701 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 30675 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 49020 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 123373 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 4168 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 78256 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 135202 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 213458 |
| IRS990EZ/GainOrLossFromSaleOfAssetsAmt | 0 | 3166 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 48659 |
| IRS990EZ/GrossReceiptsAmt | 0 | 133375 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 2668 |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 135202 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 213458 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 135202 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 213458 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1.00 |
| 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/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | MARK GARGIULO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | DARRELL ARMER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | JAMES GARY GRAY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | GLEN EICHELBERGER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | MICHAEL BLACHLY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT/TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | CHAIRMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | VICE CHAIRMAN/ASST. TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | VICE PRESIDENT/ASST. SECRETARY |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 104527 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 164438 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 2292 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | SEE SCHEDULE O. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | FIRM ATTORNEYS, STAFF, CLIENTS AND FRIENDS OF THE FIRM FUND THE FOUNDATION, AND GRAY REED ATTORNEYS AND STAFF CAN HAVE THEIR INDIVIDUAL CHARITABLE CONTRIBUTIONS MATCHED THROUGH THE FOUNDATION'S EMPLOYEE MATCHING PROGRAM OR REQUEST A GRANT BE MADE TO A CHARITY IN RECOGNITION OF THEIR VOLUNTEER EFFORTS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 49844 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SaleOfAssetsGrossAmt | 0 | 7334 |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| 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 | 50951 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 49844 |
| IRS990EZ/TotalRevenueAmt | 0 | 129207 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | THE FOUNDATION BEGAN OPERATIONS ON JANUARY 22, 2021. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | PART II, PUBLIC SUPPORT: |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 123373 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 33616 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 163450 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 320439 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 2668 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 1400 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1422 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 5490 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 133125 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 187314 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 123373 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 33616 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 163450 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 320439 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 325929 |
| 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: ORDINARY DIVIDENDS. AMOUNT: 2,668. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: INSURANCE. AMOUNT: 1,185. DESCRIPTION: FOREIGN TAX PAID. AMOUNT: 56. DESCRIPTION: ACCOUNT FEES FOR FROST ACCOUNT #1317. AMOUNT: 1,051. TOTAL TO FORM 990-EZ, LINE 16: 2,292. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: INVESTMENTS. BEG. OF YEAR AMOUNT: 104,527. END OF YEAR AMOUNT: 164,438. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | FIRM ATTORNEYS, STAFF, CLIENTS AND FRIENDS OF THE FIRM FUND THE FOUNDATION, AND GRAY REED ATTORNEYS AND STAFF CAN HAVE THEIR INDIVIDUAL CHARITABLE CONTRIBUTIONS MATCHED THROUGH THE FOUNDATION'S EMPLOYEE MATCHING PROGRAM OR REQUEST A GRANT BE MADE TO A CHARITY IN RECOGNITION OF THEIR VOLUNTEER EFFORTS. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III, PRIMARY EXEMPT PURPOSE |
| 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 | 2024-08-08 14:25:15Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MARK GARGIULO |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8778295500 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-07-29 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | GRAY REED FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | GRAY |
| ReturnHeader/Filer/EIN | 0 | 862729435 |
| ReturnHeader/Filer/PhoneNum | 0 | 8778295500 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1601 ELM STREET SUITE 4600 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | DALLAS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 752014701 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 420714325 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | RSM US LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 4622 PENNSYLVANIA AVE STE 1100 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | KANSAS CITY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MO |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 64112 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8167533000 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-07-29 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | KEVIN ENSMINGER |
| ReturnHeader/ReturnTs | 0 | 2024-08-02T10:52:47-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $213,458
- Liabilities
- $0
- Net assets
- $213,458
- Revenue
- $129,207
- Expenses
- $50,951
- Net income
- $78,256