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Patsy Reeve Foundation INC EIN 82-1059864

Patsy Reeve Foundation INC FY2024 filing

EIN  82-1059864 Public charity (501(c)(3)) Phoenix, AZ Founded 2017
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Supports children with spina bifida and their families through a unique camp experience.
Leadership
Kathleen Reeve · COO Secretary · $27K
Money in and out
$415K revenue, $390K expenses
Bottom line
94% program efficiency

Supports children with spina bifida and their families through a unique camp experience. For fiscal year 2024 it reported $415K in revenue, $390K in expenses, and $310K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$415K
Pt VIII · Ln 12
Total expenses
$390K
Pt IX · Ln 25
Net assets
$310K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $25K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.04 Fundraising $0.02
Program efficiency
94%
of spending reaches programs
Operating runway
9.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$415K
FY2024▲ +86%
Expenses
$390K
FY2024▲ +71%
Total assets
$311K
FY2024▲ +9%
Total liabilities
$503
FY2024
Total revenue
$415K
Pt VIII · Ln 12
Total expenses
$390K
Pt IX · Ln 25
Net assets
$310K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$25K
Total assetsPt X · Ln 16$311K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $365K of program spending, described in the organization's own filed words · FY2023.
01

This year was an incredible one for camp patrick in 2024, we hosted 75 children with spina bifida at our camp patrick, supported by 115 dedicated volunteers. We organized three community events where campers, families, and staff came together to connect and strengthen the spina bifida community.

$365Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPatsy Reeve Foundation INC
EINHdr · item D82-1059864
Principal addressHdr · item CPhoenix, AZ
WebsiteHdr · item Jcamppatrick.com
Year of formationHdr · item L2017
State of legal domicileHdr · item MAZ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P03)
Ruling yearIRS BMFApr 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Kathleen Reeve
COO Secretary
$26,923Pt VII · Sec A
Edwin T Reeve III
CEO Chairman
$0Pt VII · Sec A
Mike Theile
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Barb Boutin
Director
$0Pt VII · Sec A
Brett Boutin
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kathleen Reeve’s $70K as COO Secretary is at the 61st percentile of top reported officer pay among 2165 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024
Kathleen Reeve$70,000$26,923
Edwin Reeve III$35,000—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$324K · 78%
Other revenue$70K · 17%
Program service revenue$18K · 4%
Investment income$3K · 1%
Contributions & grants78%$324K
Other revenue17%$70K
Program service revenue4%$18K
Investment income1%$3K
Total revenueLn 12$415K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.04 Fundraising $0.02
Program services94%$365K
Management & general4%$16K
Fundraising2%$9K
Total functional expensesLn 25$390K

Balance Sheet

Part X · end of year
CashLn 1$305K
Total assetsLn 16$311K
Total liabilitiesLn 26$503
Total net assetsLn 32$310K
Months of cash on handcomputed9.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $305K · Operating expenses (Pt IX) $390K · Less non-cash grants $12K · Cash operating expenses/yr $378K
9.7 months
Where the money goes
Program services
Program services $365K · Total expenses $390K
94%
Management & General
Management & general $16K · Total expenses $390K
4%
Fundraising
Fundraising $9K · Total expenses $390K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $5K · Solicited contributions (3-yr avg) $285K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $324K · Total revenue $415K
78%
Government reliance
Government grants — · Total revenue $415K
—
Earned-income share
Program service revenue $18K · Total revenue $415K
4%
Investment reliance
Investment income $3K · Total revenue $415K
+1%
Program self-sufficiency
Program service revenue $18K · Total expenses $390K
5%
Growth & trend
Revenue growth (YoY)
This year $415K · Prior year $224K
+86%
Revenue CAGR
FY2019 $287K · FY2023 $415K
+10%
Net-asset trend (YoY)
End of year $310K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $415K · Expenses $390K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $311K
—
Net-asset ratio
Net assets $310K · Total assets $311K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $311K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kathleen Reeve · Reported title COO SECRETARY · Highest reported compensation $27K · Total expenses $390K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $67K · Total expenses $390K
17%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 94%——
Overhead ratio 4%——
Fundraising cost ratio 3%——
Revenue growth 86%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Gibson GivesFY2025$2K
Total grants receivedfrom 1 funder$2K
Grants paid · 1 grant · $25K · 2021–2021
Arizona State University Foundation for a New American UniversityAZ · FY2021$25,000

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Heartland Children's Foundation C/O William P Dietz JRWI
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Camp Care INCNC
The Spina Bifida Coalition INCOH
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$415K revenue · viewing · ⤓ 990 PDF
FY2023$224K revenue · ⤓ 990 PDF
FY2022$276K revenue · ⤓ 990 PDF
FY2021$56K revenue · ⤓ 990 PDF
FY2020$287K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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