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The Reece Foundation Corp FY2021 filing

Tax-deductible

New York, NY501(c)(3)Since 2017Foundations & Grantmakers EIN 82-2408511Revenue $111K in FY2021

On file with the IRS25 E 104th St, 10029-4402 · New York, NYTax-exempt since Feb 2017Supporting organization — 509(a)(3)

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The Reece Foundation is a nonprofit organization that manages an endowment fund, raises new monies and governs over a network of mission based services which assist children with autism, learning disabilities and special needs in partnership with the Reece school.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $47K a year · 19% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $17K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$281K
668% of total assets
Concern: liabilities are 668% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$111K
-17% vs prior year
Spent
$108K
To programs
0%
Net assets
−$239K
By yearFY2020–FY2025
Revenue
$111K
FY2021▼ -17%
Tap a bar for its year
Revenue by fiscal year
FY2020$133K
FY2021$111K
FY2022$213K
FY2023$462K
FY2024$347K
FY2025$232K
Expenses
$108K
FY2021▼ -72%
Tap a bar for its year
Expenses by fiscal year
FY2020$394K
FY2021$108K
FY2022$316K
FY2023$259K
FY2024$423K
FY2025$279K
Net assets
−$239K
FY2021▲ +1.0%
Tap a bar for its year
Net assets by fiscal year
FY2020−$241K
FY2021−$239K
FY2022−$61K
FY2023$142K
FY2024$221K
FY2025$174K

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2017.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Fundraising 100% · $108K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Andreas Kampouris
President & Interim VP
$0Pt VII · Sec A
Stacey Hafers
Treasurer
$0Pt VII · Sec A
Mark Magill
Secretary
$0Pt VII · Sec A
Karen Elder
Board Member
$0Pt VII · Sec A
Troy Gethers
Board Member
$0Pt VII · Sec A
Robert Gray
Board Member
$0Pt VII · Sec A
Erika Greenblatt
Board Member
$0Pt VII · Sec A
See The Reece Foundation Corp executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps children with learning disabilities and special needs.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

The reece foundation governs over a network of mission based services which assist children with autism, learning disabilities and special needs in partnership with the reece school. These services include camp reece, a summer camp program, and an after school program for students of the reece school.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Fidelity Investments Charitable Gift FundFY2024$17K
Total grants receivedfrom 1 funder$17K

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$111K
Ln 12
Gifts and grantsLn 1h$71K
Fees for servicesLn 2g$39K
Money outPt IX
$108K
Ln 25
Fundraisingcol D$108K
Owns and owesPt X
−$239K
net assets · Ln 32
Cash and savingsLn 1–2$36K
Total assetsLn 16$42K
LiabilitiesLn 26$281K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$71K
Fees for servicesLn 2g$39K
Total revenueLn 12$111K
Assets in detailPt X, end of year
CashLn 1$36K
Cash and savings togetherLn 1–2$36K
Total assetsLn 16$42K
LiabilitiesLn 26$281K
Net assetsLn 32−$239K
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$884$36K
Total assetsLn 16$884$42K
LiabilitiesLn 26$242K$281K
Net assetsLn 32−$241K−$239K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Professional fundraising feesLn 11e$1K$1K
Other fees for servicesLn 11g$6K$6K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$9K$9K
TravelLn 17$23K$23K
Conferences, conventions and meetingsLn 19$338$338
Other expenses (24a–d)Ln 24$65K$65K
Total functional expensesLn 25$108K$0$0$108K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $232K$279K−$47K$174K 990 PDF
FY2024 $347K$423K−$75K$221K 990 PDF
FY2023 $462K$259K$203K$142K 990 PDF
FY2022 $213K$316K−$103K−$61K 990 PDF
FY2021 Viewing $111K$108K$2K−$239K 990 PDF
FY2020 $133K$394K−$261K−$241K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $110,882 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $63,945$71,396
I-9 Program service revenuePrior year $68,898$39,486
I-10 Investment incomePrior year $3$0
I-11 Other revenuePrior year −$37$0
I-12 Total revenuePrior year $132,809$110,882
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$1,183
I-17 Other expensesPrior year $393,598$107,310
I-18 Total expensesPrior year $393,598$108,493
I-19 Revenue less expensesPrior year −$260,789$2,389
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $110,882 across 4 lines filed
VIII-1f All other contributions, gifts and grants$71,396
VIII-1h Total contributions, gifts and grants$71,396
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $39,486$39,486
VIII-12 Total revenueRelated to mission $39,486 · Unrelated business $0 · Excluded from tax $0$110,882
Part IX · Statement of functional expenses $108,493 across 7 lines filed
IX-11e Professional fundraising feesFundraising $1,183$1,183
IX-11g Other fees for servicesFundraising $5,750$5,750
IX-12 Advertising and promotionFundraising $4,023$4,023
IX-13 Office expensesFundraising $8,962$8,962
IX-17 TravelFundraising $23,466$23,466
IX-19 Conferences, conventions and meetingsFundraising $338$338
IX-24 Other expenses (24a–d)Fundraising $64,771$64,771
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $108,493$108,493
Part X · Balance sheet $42,065 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $884$36,321
X-9 Prepaid expenses and deferred chargesStart of year $0$5,744
X-16 Total assetsStart of year $884$42,065
X-25 Other liabilitiesStart of year $241,992$280,784
X-26 Total liabilitiesStart of year $241,992$280,784
X-27 Net assets without donor restrictionsStart of year −$241,108−$238,719
X-32 Total net assets or fund balancesStart of year −$241,108−$238,719
X-33 Total liabilities and net assetsStart of year $884$42,065
Part XI · Reconciliation of net assets −$238,719 net assets at year end
XI-1 Total revenue$110,882
XI-2 Total expenses$108,493
XI-3 Revenue less expenses$2,389
XI-4 Net assets at start of year−$241,108
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$238,719

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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