Civic Intelligence

Reed Schools Foundation

990 • Fiscal year 2021 • EIN 94-3152375

Jul 01, 2020 to Jun 30, 2021 • Filed on May 15, 2022

Organization Profilewww.foundationforreedschools.com
1199 Tiburon BoulevardTiburon, CA 94920

(415) 384-0628

Siviq Scores

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

Liabilities / Assets

27th percentile

0.01x

Higher debt load relative to assets than 27% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

20th percentile

0.00x

Higher debt load relative to revenue than 20% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

20th percentile

-4.1%

Higher net margin than 20% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

60th percentile

$79,429

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

1st percentile

-62%

Faster asset growth than 1% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

15th percentile

-18%

Faster revenue growth than 15% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets27th percentile

Assets

Down

$656,962

Down $1,069,436 (-62%) from 2020

Net Assets

Down

$652,574

Down $70,213 (-9.7%) from 2020

Liabilities

Down

$4,388

Down $999,223 (-100%) from 2020

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin20th percentile

Revenue

Down

$1,700,012

Down $373,934 (-18%) from 2020

Expenses

Down

$1,770,225

Down $555,972 (-24%) from 2020

Net Income

Up

-$70,213

Up $182,038 (+72%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth1st 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

2021

Assets$656,962
Liabilities$4,388
Net Assets$652,574
Open 2021 Filing

Operations Trend

Revenue Growth15th 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

2021

Revenue$1,700,012
Expenses$1,770,225
Net Income-$70,213
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 15, 2022
Return Version
2020v4.0
Gross Receipts
$1,700,012
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$623,900$342,645▼ $281,255
Investments Other Securities$146,510$146,524▲ $14
Cash and Non-Interest-Bearing Accounts$776,526$110,204▼ $666,322
Pledges and Grants Receivable$155,341$53,589▼ $101,752
Prepaid Expenses and Deferred Charges$24,121$4,000▼ $20,121
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$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-
Total Assets$1,726,398$656,962▼ $1,069,436
Other Assets Total-$0-
Liabilities
Grants Payable$1,000,000--
Accounts Payable and Accrued Expenses$3,611$4,388▲ $777
Total Liabilities$1,003,611$4,388▼ $999,223
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$722,787$647,574▼ $75,213
Net Assets With Donor Restrictions-$5,000-
Total Net Assets Fund Balance$722,787$652,574▼ $70,213
Total Liabilities and Net Assets / Fund Balance$1,726,398$656,962▼ $1,069,436
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Christina BoschExec DirectorFT$79,429$79,429
Allison HartSecretary-$2,900$2,900

Board Members and Trustees

NameTitle
Angela ChangPresident
Matthew SchmidtTreasurer
Jennifer SicklickVP Events
Annie DefescheVP Giving
Suzannah ScullyVP Major Gifts
Revenue and Support

Revenue Composition

Contributions and Grants
$1,510,446
Program Service Revenue
$190,151
Investment Income
$-585
Other Revenue
$0
All Other Contributions
$1,487,723
Change in Net Assets
$-70,213

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 Traded19$126,180Fair Market Value (FMV)
Other Non Cash Contri Table8$5,008Fair Market Value (FMV)
Total Noncash Contributions27$131,188-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,700,012
Revenue Not Reported on Form 990
$24,800
Total Revenue per Audited Statements
$1,724,812
Total Revenue per Form 990
$1,700,012
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,500,000
Salaries, Compensation, and Employee Benefits$148,126
Other Expenses$122,099
Total Fundraising Expense$63,282
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,500,000--$1,500,000
Current Officers, Directors, Trustees, and Key Employees$63,543$3,971$11,915$79,429
Other Salaries and Wages$46,175$2,886$8,657$57,718
Fees for Services Accounting-$22,547-$22,547
Payroll Taxes$8,783$549$1,647$10,979
Office Expenses-$5,891-$5,891
Other Expenses$19,768$2,262$41,063$2,262
All Other Expenses$850$1,000-$1,850
Total Functional Expenses$1,667,712$39,231$63,282$1,770,225

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,795,025
Expenses per Audited Statements$1,770,225
Total Expenses per Form 990$1,770,225
Expenses Not Reported on Form 990$24,800
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Reed Union School DistrictBelvedere, CA-School Funding$1,500,000
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 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, 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. After a full review, 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. 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 by request from the organization's office in tiburon, california.”

Filing and Contact Details

Filer

Filer Name
Reed Schools Foundation
EIN
94-3152375
Phone
4153840628
Address
1199 Tiburon Boulevard, Tiburon, CA 94920

Signing Officer

Name
Matthew Schmidt
Title
Treasurer
Phone
4153840628
Signed
2022-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angela Chang
Formed
1979
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
5
Employees
3
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

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, 2021 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.”

Raw XML AppendixShowing 400 of 553 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt03611
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt04388
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0The 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)
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherContributionsAmt01487723
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01000
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0850
IRS990/AllOtherExpensesGrp/TotalAmt01850
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Matthew Schmidt
IRS990/BooksInCareOfDetail/PhoneNum04153840628
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01199 Tiburon Boulevard
IRS990/BooksInCareOfDetail/USAddress/CityNm0Tiburon
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd094920
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0776526
IRS990/CashNonInterestBearingGrp/EOYAmt0110204
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt011915
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt03971
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt063543
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt079429
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01510446
IRS990/CYGrantsAndSimilarPaidAmt01500000
IRS990/CYInvestmentIncomeAmt0-585
IRS990/CYOtherExpensesAmt0122099
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0190151
IRS990/CYRevenuesLessExpensesAmt0-70213
IRS990/CYSalariesCompEmpBnftPaidAmt0148126
IRS990/CYTotalExpensesAmt01770225
IRS990/CYTotalFundraisingExpenseAmt063282
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01700012
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0The Foundation for Reed Schools raises critical financial resources to fund both educators and vital programs. Our mission is to unite parents and the community in support of quality instruction that provides our children with an exceptional education. The Foundation funds 20 specialists for valuable programs throughout the Reed School District, including art, music, PE, foreign language, library, technology instruction. The Foundation also provides funds for classroom aides, iPads and Apps, laptops, visiting artists, teacher innovation grants and teacher training.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt05000
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01667712
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt022547
IRS990/FeesForServicesAccountingGrp/TotalAmt022547
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt13.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt23.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt33.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt43.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt53.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt63.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0Christina Bosch
IRS990/Form990PartVIISectionAGrp/PersonNm1Allison Hart
IRS990/Form990PartVIISectionAGrp/PersonNm2Angela Chang
IRS990/Form990PartVIISectionAGrp/PersonNm3Matthew Schmidt
IRS990/Form990PartVIISectionAGrp/PersonNm4Annie Defesche
IRS990/Form990PartVIISectionAGrp/PersonNm5Suzannah Scully
IRS990/Form990PartVIISectionAGrp/PersonNm6Jennifer Sicklick
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt079429
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12900
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0Exec Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4VP Giving
IRS990/Form990PartVIISectionAGrp/TitleTxt5VP Major Gifts
IRS990/Form990PartVIISectionAGrp/TitleTxt6VP Events
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01979
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt022723
IRS990/GrantAmt01500000
IRS990/GrantsPayableGrp/BOYAmt01000000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01500000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01500000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01700012
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0-585
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0-585
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0146510
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0146524
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0true
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0fund vital programs such as P.E., Music, Technology, Foreign Language, Library Science and Art.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0722787
IRS990/NetAssetsOrFundBalancesEOYAmt0652574
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0722787
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0647574
IRS990/NoncashContributionsAmt0131188
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05891
IRS990/OfficeExpensesGrp/TotalAmt05891
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Regatta & live auction expense
IRS990/OtherExpensesGrp/Desc1Family giving - fundraising
IRS990/OtherExpensesGrp/Desc2credit card & bank charges
IRS990/OtherExpensesGrp/Desc3Miscellaneous
IRS990/OtherExpensesGrp/FundraisingAmt041063
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0125
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12262
IRS990/OtherExpensesGrp/ProgramServicesAmt028593
IRS990/OtherExpensesGrp/ProgramServicesAmt119768
IRS990/OtherExpensesGrp/TotalAmt041063
IRS990/OtherExpensesGrp/TotalAmt128593
IRS990/OtherExpensesGrp/TotalAmt219893
IRS990/OtherExpensesGrp/TotalAmt32262
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt08657
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02886
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt046175
IRS990/OtherSalariesAndWagesGrp/TotalAmt057718
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01647
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0549
IRS990/PayrollTaxesGrp/ProgramServicesAmt08783
IRS990/PayrollTaxesGrp/TotalAmt010979
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0155341
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt053589
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt024121
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04000
IRS990/PrincipalOfficerNm0Angela Chang
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0Directory book
IRS990/ProgramServiceRevenueGrp/Desc1Regatta sales/sponsorship
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt019732
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1170419
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt019732
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1170419
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02013574
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt02000000
IRS990/PYInvestmentIncomeAmt06257
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0207182
IRS990/PYProgramServiceRevenueAmt054115
IRS990/PYRevenuesLessExpensesAmt0-252251
IRS990/PYSalariesCompEmpBnftPaidAmt0119015
IRS990/PYTotalExpensesAmt02326197
IRS990/PYTotalRevenueAmt02073946
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-70213
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0190151
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0623900
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0342645
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/SupportedOrgQualifiedInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtExclusivelySec170c2BInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3FuncIntGrp/GovernmentalEntityInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Made in the organizing documents
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1All funds distributed are monitored by the Board of Directors.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2Board reviews all allocated funds to ensure Schools use them properly.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt3The Reed Schools Foundation augments funding for all district schools to assist teachers and school programs in accordance with the Foundation's exempt purpose.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt4All funds are used for school and classroom activities.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section A, Line 3b: Description Of When and How Organization Made The Determination
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part IV, Section A, Line 3c: Explain What Controls The Organization Put In Place
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2Part IV, Section A, Line 4b: Description Of Control And Descretion
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc3Part IV, Section E, Line 1c: Explain How Organization Supports Government Entity
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc4Part IV, Section E, Line 2a: Identify Supported Orgs. and Explain How Activities Furthered Exempt Pu
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0680194371
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0false
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01500000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Reed Union School District
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt01500000
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/CurrentYearAmt01000
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/CurrentYearMinus1Amt039161
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/TotalAmt040161
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearAmt059628
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt066888
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus2Amt069820
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus3Amt069579
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt0265915
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt0238511
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt0267550
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt0279281
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus3Amt0278316
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt01063658
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearAmt01000
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus1Amt039161
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt040161
IRS990ScheduleC/CorrectionMadeInd0false
IRS990ScheduleC/Form4720FiledInd0false
IRS990ScheduleC/Form4720FiledSection4955TaxInd0false
IRS990ScheduleC/GrassrootsCeilingAmt0398873
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt059628
IRS990ScheduleC/LobbyingCeilingAmt01595487
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt0238511
IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt01769225
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt01770225
IRS990ScheduleC/TotalGrassrootsLobbyingGrp/FilingOrganizationsTotalAmt01000
IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt01000
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt024800
IRS990ScheduleD/DonatedServicesUseFcltsAmt024800
IRS990ScheduleD/ExpensesNotReportedAmt024800
IRS990ScheduleD/ExpensesSubtotalAmt01770225
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt024800
IRS990ScheduleD/RevenueSubtotalAmt01700012
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, 2021 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
IRS990ScheduleD/TotalBookValueSecuritiesAmt0146524
IRS990ScheduleD/TotalExpensesPerForm990Amt01770225
IRS990ScheduleD/TotalRevenuePerForm990Amt01700012
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01724812
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01795025
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt01500000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0School Funding
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Reed Union School District

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$656,962
Liabilities
$4,388
Net assets
$652,574
Revenue
$1,700,012
Expenses
$1,770,225
Net income
-$70,213
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