Nonprofit · EIN 26-1477372
REED FOUNDATION INC
Also known as REED FOUNDATION
Tax-exempt · ATLANTA, GA 30342
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | -$84,943 | $436,777 | -$521,720 | $3,446,141 | $0 | $3,446,141 |
| December 31, 2023 | 990-PF | -$2,571 | $332,336 | -$334,907 | $3,967,861 | $0 | $3,967,861 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $769,280
- Dividends
- $24,713
- Net gain from sales of assets
- -$578,606
- Other income
- -$300,330
Expenses
- Grants and similar amounts paid
- $298,100
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $298,100
Balance sheet and other
- Total assets, start of year
- $3,967,861
- Total assets, end of year
- $3,446,141
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,446,141
- Fair market value of assets
- $5,986,649
- Qualifying distributions
- $298,100
- Net investment income
- $34,864
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GLEN REED 40 STRATFORD PLACE NE, ATLANTA, GA 303423956 | PRESIDENT | 1 | $0 |
| EDITH REED 40 STRATFORD PLACE NE, ATLANTA, GA 303423956 | VICE PRESIDENT/TREASURER | 0 | $0 |
| ALEC B REED 105 PADGETT ROAD, DAWSONVILLE, GA 30534 | SECRETARY | 0 | $0 |
| ADAM C REED 234 WAITMAN STREET, MORGANTOWN, WV 26501 | EXECUTIVE DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GLEN REED 40 STRATFORD PLACE NE, ATLANTA, GA 303423956 | PRESIDENT | 1 | $0 |
| EDITH REED 40 STRATFORD PLACE NE, ATLANTA, GA 303423956 | VICE PRESIDENT/TREASURER | 0 | $0 |
| ALEC B REED 105 PADGETT ROAD, DAWSONVILLE, GA 30534 | SECRETARY | 0 | $0 |
| ADAM C REED 234 WAITMAN STREET, MORGANTOWN, WV 26501 | EXECUTIVE DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 40 STRATFORD PL NE, ATLANTA, GA 30342-3956
- Signed the 990-PF
- GLEN REED, PRESIDENT
- Phone
- (404) 572-3393
- Return prepared by
- CBIZ ADVISORS LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 26-1477372
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $3,446,141
- Income (IRS master file)
- $3,129,484
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | -$84,943 | $436,777 | $3,446,141 | XML |
| 990-PF | December 2023 | -$2,571 | $332,336 | $3,967,861 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-1477372).
Questions about REED FOUNDATION INC
- What is the EIN of REED FOUNDATION INC?
- The employer identification number (EIN) of REED FOUNDATION INC is 26-1477372.
- Is REED FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to REED FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does REED FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of REED FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did REED FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of REED FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does REED FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of -$84,943, expenses of $436,777 and total assets of $3,446,141 at year end.
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