Civic Intelligence

Reed Schools Foundation

990 • Fiscal year 2015 • EIN 94-3152375

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 01, 2016

Organization Profilewww.foundationforreedschools.com
277-A Karen WayTiburon, CA 94920

(415) 384-0628

Siviq Scores

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

Liabilities / Assets

24th percentile

0.01x

Higher debt load relative to assets than 24% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

16th percentile

0.00x

Higher debt load relative to revenue than 16% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

51st percentile

3.1%

Higher net margin than 51% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

76th percentile

13%

Faster asset growth than 76% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

81st percentile

28%

Faster revenue growth than 81% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$839,031

Up $96,598 (+13%) from 2014

Net Assets

Up

$831,315

Up $88,882 (+12%) from 2014

Liabilities

Up

$7,716

Up $7,716 from 2014

Revenue And Expenses
Liabilities / Revenue16th percentileNet Margin51st percentile

Revenue

Up

$2,467,928

Up $537,719 (+28%) from 2014

Expenses

Up

$2,392,377

Up $244,265 (+11%) from 2014

Net Income

Up

$75,551

Up $293,454 (+135%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,257,471Liabilities 2010: $0Net Assets 2010: $1,257,4712010Assets 2011: $1,342,186Liabilities 2011: $0Net Assets 2011: $1,342,1862011Assets 2012: $1,060,153Liabilities 2012: $0Net Assets 2012: $1,060,1532012Assets 2013: $960,336Liabilities 2013: $0Net Assets 2013: $960,3362013Assets 2014: $742,433Liabilities 2014: $0Net Assets 2014: $742,4332014Assets 2015: $839,031Liabilities 2015: $7,716Net Assets 2015: $831,3152015Assets 2016: $625,059Liabilities 2016: $5,567Net Assets 2016: $619,4922016Assets 2017: $759,296Liabilities 2017: $44,870Net Assets 2017: $714,4262017Assets 2018: $937,527Liabilities 2018: $12,399Net Assets 2018: $925,1282018Assets 2019: $2,234,366Liabilities 2019: $1,259,328Net Assets 2019: $975,0382019Assets 2020: $1,726,398Liabilities 2020: $1,003,611Net Assets 2020: $722,7872020Assets 2021: $656,962Liabilities 2021: $4,388Net Assets 2021: $652,5742021Assets 2022: $838,355Liabilities 2022: $2,526Net Assets 2022: $835,8292022Assets 2023: $1,062,135Liabilities 2023: $1,807Net Assets 2023: $1,060,3282023Assets 2024: $1,364,604Liabilities 2024: $1,544Net Assets 2024: $1,363,0602024Assets 2025: $1,466,922Liabilities 2025: $19,300Net Assets 2025: $1,447,6222025

Highlighted filing

2015

Assets$839,031
Liabilities$7,716
Net Assets$831,315
Open 2015 Filing

Operations Trend

Revenue Growth81st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,559,6162010Revenue 2011: $1,694,078Expenses 2011: $1,609,363Net Income 2011: $84,7152011Expenses 2012: $2,080,3182012Expenses 2013: $2,016,3362013Revenue 2014: $1,930,209Expenses 2014: $2,148,112Net Income 2014: -$217,9032014Revenue 2015: $2,467,928Expenses 2015: $2,392,377Net Income 2015: $75,5512015Revenue 2016: $2,281,831Expenses 2016: $2,493,654Net Income 2016: -$211,8232016Revenue 2017: $2,746,425Expenses 2017: $2,651,491Net Income 2017: $94,9342017Revenue 2018: $2,776,283Expenses 2018: $2,566,327Net Income 2018: $209,9562018Revenue 2019: $2,635,402Expenses 2019: $2,585,613Net Income 2019: $49,7892019Revenue 2020: $2,073,946Expenses 2020: $2,326,197Net Income 2020: -$252,2512020Revenue 2021: $1,700,012Expenses 2021: $1,770,225Net Income 2021: -$70,2132021Revenue 2022: $2,007,345Expenses 2022: $1,818,771Net Income 2022: $188,5742022Revenue 2023: $2,059,260Expenses 2023: $1,834,761Net Income 2023: $224,4992023Revenue 2024: $2,156,818Expenses 2024: $1,864,459Net Income 2024: $292,3592024Revenue 2025: $2,138,319Expenses 2025: $2,079,074Net Income 2025: $59,2452025

Highlighted filing

2015

Revenue$2,467,928
Expenses$2,392,377
Net Income$75,551
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 1, 2016
Return Version
2014v6.0
Gross Receipts
$2,467,928
Mission and Program Overview

Mission

fund vital programs such as P.E., Music, Technology, Foreign Language, Library Science and Art.

The Foundation for Reed Schools promotes the well being of the children in our district by ensuring educational excellence and by fostering community involvement in our schools. This is achieved by raising critical financial resources, which (continued on next page)

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$698,457$628,965▼ $69,492
Cash and Non-Interest-Bearing Accounts$43,976$157,940▲ $113,964
Pledges and Grants Receivable-$52,126-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$742,433$839,031▲ $96,598
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses-$7,716-
Total Liabilities$0$7,716▲ $7,716
Net Assets / Fund Balance
Unrestricted Net Assets$742,433$831,315▲ $88,882
Total Net Assets Fund Balance$742,433$831,315▲ $88,882
Total Liabilities and Net Assets / Fund Balance$742,433$839,031▲ $96,598
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Jen RileyCo-President
Kim SichelCo-President
Sara TamerSecretary
Stacy IrvingTreasurer
Stacy AchuckVP Events
Jennifer SimsVP Giving
Missy DelNegroVP Giving
Revenue and Support

Revenue Composition

Contributions and Grants
$1,882,205
Program Service Revenue
$585,180
Investment Income
$153
Other Revenue
$390
All Other Contributions
$1,882,205
Change in Net Assets
$75,551

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$28,140Fair Market Value (FMV)
Real Estate Other1$14,000Fair Market Value (FMV)
Total Noncash Contributions4$42,140-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,467,928
Total Revenue per Audited Statements
$2,467,928
Total Revenue per Form 990
$2,467,928
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,934,200
Other Expenses$371,341
Total Fundraising Expense$207,472
Salaries, Compensation, and Employee Benefits$86,836
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,934,200--$1,934,200
Other Salaries and Wages$68,152$7,925$3,170$79,247
All Other Expenses$31,069--$31,069
Other Expenses$23,081$1,270$203,999$24,351
Occupancy-$14,000-$14,000
Fees for Services Accounting-$10,943-$10,943
Office Expenses-$7,448-$7,448
Payroll Taxes$5,624$654$262$6,540
Other Employee Benefits$903$105$41$1,049
Total Functional Expenses$2,094,126$90,779$207,472$2,392,377

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,392,377
Total Expenses per Audited Statements$2,392,377
Total Expenses per Form 990$2,392,377
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Reed Union School DistrictBelvedere, CAGovt AgencySchool Funding$1,934,200
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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, Line 11B: Form 990 Review Process

“Form 990 is prepared by an outside tax professional. The form is then reviewed bythe representative of the organization's board of directors. This group of individuals then discusses the contents of the return with the outside tax professional. After a full review (with modifications where necessary), the final version of the tax return is provided to all members of the organization's voting body. A representative of management authorizes the final form 990 which is then e-filed with the internal revenue service.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Members of the board of directors review all potential conflicts of interest atleast annually. All personnel and board members are required to disclose (inwriting) potential conflicts and any related party affiliations. Loans between theorganization and members of management and the board are strictly prohibited. Theorganization seeks full transparency on all relationships. Any potential conflicts(in fact or appearance) are discussed openly and resolved in accordance with theorganization's policies and procedures.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Members of the board of directors review the compensation of all foundation personnel periodically in accordance with irs rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Every effort is made to ensure that the process is thorough and transparent in accordance with irs guidelines and the organization's policies and procedures.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“No compensation is paid to officers or any Board Members.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“All of the organization's governing documents, financial statements and other legalfilings are maintained in a secure environment and held available for inspection bytax authorities and the general public. Tax returns are posted annually to www.guidestar.org and are available for inspection at the organization's office in tiburon, california.”

Filing and Contact Details

Filer

Filer Name
Reed Schools Foundation
EIN
94-3152375
Phone
4153840628
Address
277-A Karen Way, Tiburon, CA 94920

Signing Officer

Name
Stacy Irving
Title
Treasurer
Signed
2016-03-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Sichel
Formed
1979
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
100

Preparer

Firm
Regalia & Associates CPAs
Address
103 Town Country Dr Ste K, Danville, CA 94526
Preparer
Douglas W Regalia
Phone
9253140390
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“Cash to Accrual Adjustments (net) = $13331”

Financial Statement Notes

Part X : FIN48 Footnote

“Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, the Foundation is required to report information regarding its exposure to various tax positions taken by the Foundation and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that the Foundation has adequately evaluated its current tax positions and has concluded that as of June 30, 2015 and 2014 the Foundation does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.The Foundation has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. This exemption is subject to periodic review by the federal and state taxing authorities and management is confident that the Foundation continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. The Foundation may periodically receive unrelated business income (such as sublease rental income or advertising revenue) requiring the Foundation to file separate tax returns under federal and state statutes. Under such conditions, the Foundation calculates and accrues the applicable taxes payable.”

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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt042140
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt014000
IRS990/OccupancyGrp/TotalAmt014000
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07448
IRS990/OfficeExpensesGrp/TotalAmt07448
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt013331
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt041
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0105
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0903
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01049
IRS990/OtherExpensesGrp/Desc0Regatta expenses
IRS990/OtherExpensesGrp/Desc1credit card & bank charges
IRS990/OtherExpensesGrp/Desc2Family giving - fundraising
IRS990/OtherExpensesGrp/Desc3Miscellaneous
IRS990/OtherExpensesGrp/FundraisingAmt0203999
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt048434
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11270
IRS990/OtherExpensesGrp/ProgramServicesAmt031097
IRS990/OtherExpensesGrp/ProgramServicesAmt123081
IRS990/OtherExpensesGrp/TotalAmt0203999
IRS990/OtherExpensesGrp/TotalAmt148434
IRS990/OtherExpensesGrp/TotalAmt231097
IRS990/OtherExpensesGrp/TotalAmt324351
IRS990/OtherRevenueMiscGrp/Desc0Other income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0390
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0390
IRS990/OtherRevenueTotalAmt0390
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt03170
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt07925
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt068152
IRS990/OtherSalariesAndWagesGrp/TotalAmt079247
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0262
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0654
IRS990/PayrollTaxesGrp/ProgramServicesAmt05624
IRS990/PayrollTaxesGrp/TotalAmt06540
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt052126
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Kim Sichel
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Directory book
IRS990/ProgramServiceRevenueGrp/Desc1Fashion show
IRS990/ProgramServiceRevenueGrp/Desc2Giants income
IRS990/ProgramServiceRevenueGrp/Desc3Regatta sales/sponsorship
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt091948
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt194506
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt213365
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3385361
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt091948
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt194506
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt213365
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3385361
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01741156
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01969199
IRS990/PYInvestmentIncomeAmt0242
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt092319
IRS990/PYProgramServiceRevenueAmt0188811
IRS990/PYRevenuesLessExpensesAmt0-217903
IRS990/PYSalariesCompEmpBnftPaidAmt086594
IRS990/PYTotalExpensesAmt02148112
IRS990/PYTotalRevenueAmt01930209
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt075551
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0585570
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0698457
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0628965
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/AppointElectMajorityOfficerInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ExerciseDirectionPoliciesInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0680194371
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01934200
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Reed Union School District
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt01934200
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/CurrentYearMinus1Amt049999
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/TotalAmt049999
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt064352
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt064352
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt0257406
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt0257406
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus1Amt049999
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt049999
IRS990ScheduleC/CorrectionMadeInd0false
IRS990ScheduleC/Form4720FiledInd0false
IRS990ScheduleC/Form4720FiledSection4955TaxInd0false
IRS990ScheduleC/GrassrootsCeilingAmt096528
IRS990ScheduleC/LobbyingCeilingAmt0386109
IRS990ScheduleD/ExpensesSubtotalAmt02392377
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt02467928
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, the Foundation is required to report information regarding its exposure to various tax positions taken by the Foundation and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that the Foundation has adequately evaluated its current tax positions and has concluded that as of June 30, 2015 and 2014 the Foundation does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.The Foundation has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. This exemption is subject to periodic review by the federal and state taxing authorities and management is confident that the Foundation continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. The Foundation may periodically receive unrelated business income (such as sublease rental income or advertising revenue) requiring the Foundation to file separate tax returns under federal and state statutes. Under such conditions, the Foundation calculates and accrues the applicable taxes payable.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleD/TotalRevenuePerForm990Amt02467928
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02467928
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02392377
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt01934200
IRS990ScheduleI/RecipientTable/IRCSectionDesc0Govt Agency
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0Cost Basis
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0School Funding
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Reed Union School District
IRS990ScheduleI/RecipientTable/RecipientEIN0680194371
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0277 Karen Way
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Belvedere
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd094920
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Board approval is obtained for all disbursements to the Reed Union School District and appropriate paperwork is obtained from the District. The Foundation raises funds and expends resources to support the Art, Music, Technology, Physical Education, Foreign Language and Library Services at the districts three schools.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/RealEstateOtherGrp/ContributionCnt01
IRS990ScheduleM/RealEstateOtherGrp/MethodOfDeterminingRevenuesTxt0FMV
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IRS990ScheduleM/RealEstateOtherGrp/NoncashContributionsRptF990Amt014000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt03
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
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IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt028140

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$839,031
Liabilities
$7,716
Net assets
$831,315
Revenue
$2,467,928
Expenses
$2,392,377
Net income
$75,551
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.47$0.02$1.45$2.14$2.08$0.06
2024Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.36$2.16$1.86$0.29
2023Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$2.06$1.83$0.22
2022Detailed filing. Detailed filing data is available for this year.$0.84$0.00$0.84$2.01$1.82$0.19
2021Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.65$1.70$1.77$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.73$1.00$0.72$2.07$2.33$0.25
2019Detailed filing. Detailed filing data is available for this year.$2.23$1.26$0.98$2.64$2.59$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.94$0.01$0.93$2.78$2.57$0.21
2017Detailed filing. Detailed filing data is available for this year.$0.76$0.04$0.71$2.75$2.65$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.63$0.01$0.62$2.28$2.49$0.21
2015Detailed filing. Detailed filing data is available for this year.$0.84$0.01$0.83$2.47$2.39$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.74$0.00$0.74$1.93$2.15$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.00$0.96$2.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.00$1.06$2.08
2011Summary only. Only limited summary data is available for this year.$1.34$0.00$1.34$1.69$1.61$0.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.00$1.26$1.56