Liabilities / Assets
56th percentile
Tied with the lowest-debt nonprofits in its peer group.
990EZ • Fiscal year 2024 • EIN 86-2729435
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
56th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
57th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
85th percentile
Higher net margin than 85% of similar nonprofits.
Top Officer Pay
79th percentile
Higher top officer pay than 79% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
53rd percentile
Faster asset growth than 53% of similar nonprofits.
Revenue Growth
5th percentile
Faster revenue growth than 5% of similar nonprofits.
Assets
Up$219,026
Up $5,568 (+2.6%) from 2023
Net Assets
Up$219,026
Up $5,568 (+2.6%) from 2023
Liabilities
Flat$0
Flat 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
To promote community involvement and philanthropy by supporting charitable organizations where the gray reed team invests their own money and time.
| Description | Grants | Expenses |
|---|---|---|
| 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 |
| 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 | - | - |
“Description: ordinary dividends. Amount: 3,493.”
“Description: foreign tax paid. Amount: 125. Description: account fees. Amount: 1,560. Total to form 990-ez, line 16: 1,685.”
“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.”
“Description: investments. Beg. Of year amount: 164,438. End of year amount: 170,006.”
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 4600 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | DALLAS |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TX |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 75201 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 49020 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 49020 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 18147 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 45298 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 11878 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 213458 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 219026 |
| IRS990EZ/GainOrLossFromSaleOfAssetsAmt | 0 | 11435 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 19512 |
| IRS990EZ/GrossReceiptsAmt | 0 | 78373 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 3493 |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 213458 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 219026 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 213458 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 219026 |
| 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 | 164438 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 170006 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -6310 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 1685 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROMOTE COMMUNITY INVOLVEMENT AND PHILANTHROPY BY SUPPORTING CHARITABLE ORGANIZATIONS WHERE THE GRAY REED TEAM INVESTS THEIR OWN MONEY AND TIME. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | 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. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 19512 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SaleOfAssetsGrossAmt | 0 | 56733 |
| 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 | 21197 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 19512 |
| IRS990EZ/TotalRevenueAmt | 0 | 33075 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.GRAYREEDFOUNDATION.ORG |
| 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 | 18147 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 123373 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 33616 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 163450 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 338586 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 3283 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 2668 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1400 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1422 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 8773 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 145258 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 193328 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 18147 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 123373 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 33616 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 163450 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 338586 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 347359 |
| 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: 3,493. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: FOREIGN TAX PAID. AMOUNT: 125. DESCRIPTION: ACCOUNT FEES. AMOUNT: 1,560. TOTAL TO FORM 990-EZ, LINE 16: 1,685. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: INVESTMENTS. BEG. OF YEAR AMOUNT: 164,438. END OF YEAR AMOUNT: 170,006. |
| 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 I, LINE 20 - OTHER CHANGES IN NET ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| 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 | MARK GARGIULO |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7139867000 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-11-05 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | GRAY REED FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | GRAY |
| ReturnHeader/Filer/EIN | 0 | 862729435 |
| ReturnHeader/Filer/PhoneNum | 0 | 7139867000 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1601 ELM STREET 4600 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | DALLAS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 75201 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 420714325 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | RSM US LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 4650 EAST 53RD STREET |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | DAVENPORT |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | IA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 528073479 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5638884000 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-11-05 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JENIFER L CHASE |
| ReturnHeader/ReturnTs | 0 | 2025-11-05T20:29:02-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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Displayed year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.