The Reece Foundation Corp: FY2024 Nonprofit Profile & Form 990 (EIN 82-2408511)

Revenue by fiscal year
FY2020	$133K
FY2021	$111K
FY2022	$213K
FY2023	$462K
FY2024	$347K
FY2025	$232K

Expenses by fiscal year
FY2020	$394K
FY2021	$108K
FY2022	$316K
FY2023	$259K
FY2024	$423K
FY2025	$279K

Net assets by fiscal year
FY2020	−$241K
FY2021	−$239K
FY2022	−$61K
FY2023	$142K
FY2024	$221K
FY2025	$174K

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

Part of a larger organization · Schedule R

The Reece Foundation Corp files its own Form 990, but Schedule R discloses 4 related entities — figures on this page are for this EIN only, not the whole group.

The Reece School · The Ellen Reece Legacy Corp · Camp Reece LLC · Reece Lc LLC · See Schedule R

Combined filings · FY2024 · 3 entities with data

Simple sum of each entity's Form 990 headline figures — not audited consolidated financials. This page's EIN is 3% of group revenue.

Group revenue

$12.1M

Group expenses

$13.7M

Group net assets

−$3.1M

The Reece School · $11.0M rev · −$447K net assets

The Ellen Reece Legacy Corp · $788K rev · −$2.9M net assets

Where the money goes

60 cents of each dollar spent went to programs.

60%

39%

Program services 60% · $253K Management & general 39% · $166K Fundraising 1% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Andreas Kampouris

President

$0Pt VII · Sec A

Mark Magill

Secretary

$0Pt VII · Sec A

Bella Canarte

Treasurer

$0Pt VII · Sec A

Lauren Alperin

Board Member

$0Pt VII · Sec A

Kristen Duffy

Board Member

$0Pt VII · Sec A

Richard Issacs

Board Member

$0Pt VII · Sec A

Duncan Lester

Executive Director

$0Pt VII · Sec A

Paulo Souza

Chief Financial Officer

$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.

Questions for The Reece Foundation Corp

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Provided by the organization

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1 program · $253K · in their own filed words · FY2023

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.

$253Kprogram expense

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 FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$347K

Ln 12

Fees for servicesLn 2g$188K

Gifts and grantsLn 1h$127K

Other incomeLn 4–11$32K

Money outPt IX

$423K

Ln 25

Programscol B$253K

Managementcol C$166K

Fundraisingcol D$3K

Owns and owesPt X

$221K

net assets · Ln 32

Cash and savingsLn 1–2$65K

Total assetsLn 16$2.2M

LiabilitiesLn 26$2.0M

PeoplePt VI, VII

8

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$127K

Fundraising eventsLn 1c$25K

Fees for servicesLn 2g$188K

Other incomeLn 4–11$32K

Total revenueLn 12$347K

Assets in detailPt X, end of year

CashLn 1$65K

Cash and savings togetherLn 1–2$65K

Land, buildings, equipmentLn 10c$2.1M

Total assetsLn 16$2.2M

LiabilitiesLn 26$2.0M

Net assetsLn 32$221K

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$22K	$65K
Land, buildings, equipmentLn 10c	$664K	$2.1M
Total assetsLn 16	$1.8M	$2.2M
LiabilitiesLn 26	$1.7M	$2.0M
Net assetsLn 32	$142K	$221K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Advertising and promotionLn 12	$99	$99
Office expensesLn 13	$113K	$91K	$18K	$3K
OccupancyLn 16	$26K	$8K	$18K
TravelLn 17	$19K	$9K	$11K
Conferences, conventions and meetingsLn 19	$99		$99
InterestLn 20	$49K	$5K	$45K
Depreciation, depletion and amortizationLn 22	$69K	$7K	$62K
Other expenses (24a–d)Ln 24	$136K	$123K	$13K
All other expensesLn 24e	$10K	$10K
Total functional expensesLn 25	$423K	$253K	$166K	$3K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$232K	$279K	−$47K	$174K	990 PDF
FY2024 Viewing	$347K	$423K	−$75K	$221K	990 PDF
FY2023	$462K	$259K	$203K	$142K	990 PDF
FY2022	$213K	$316K	−$103K	−$61K	990 PDF
FY2021	$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 FY2024 990 (6 parts)

Part I · Summary $347,326 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $260,800$127,291

I-9 Program service revenuePrior year $187,519$187,775

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $13,280$32,260

I-12 Total revenuePrior year $461,599$347,326

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 $193$0

I-17 Other expensesPrior year $258,523$422,723

I-18 Total expensesPrior year $258,716$422,723

I-19 Revenue less expensesPrior year $202,883−$75,397

Part VI · Governance 6 of 6 board members independent, 1 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members6

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 $347,326 across 8 lines filed

VIII-1c Fundraising events$25,187

VIII-1f All other contributions, gifts and grants$102,104

VIII-1h Total contributions, gifts and grants$127,291

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $187,775$187,775

VIII-6 Net rental income or lossExcluded from tax $19,760$19,760

VIII-8 Net income from fundraising eventsExcluded from tax $12,200$12,200

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $300$300

VIII-12 Total revenueRelated to mission $187,775 · Unrelated business $0 · Excluded from tax $32,260$347,326

Part IX · Statement of functional expenses $422,723 across 9 lines filed

IX-12 Advertising and promotionPrograms $99$99

IX-13 Office expensesPrograms $91,145 · Management $17,971 · Fundraising $3,452$112,568

IX-16 OccupancyPrograms $8,144 · Management $18,072$26,216

IX-17 TravelPrograms $8,918 · Management $10,535$19,453

IX-19 Conferences, conventions and meetingsManagement $99$99

IX-20 InterestPrograms $4,947 · Management $44,527$49,474

IX-22 Depreciation, depletion and amortizationPrograms $6,892 · Management $62,031$68,923

IX-24 Other expenses (24a–d)Programs $123,279 · Management $12,788$136,067

IX-24e All other expensesPrograms $9,824$9,824

IX-25 Total functional expensesPrograms $253,248 · Management $166,023 · Fundraising $3,452$422,723

Part X · Balance sheet $2,180,821 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $21,687$65,102

X-9 Prepaid expenses and deferred chargesStart of year $1,147,642$0

X-10c Land, buildings and equipment, netStart of year $664,490$2,115,719

X-16 Total assetsStart of year $1,833,819$2,180,821

X-17 Accounts payable and accrued expensesStart of year $0$127,803

X-19 Deferred revenueStart of year $0$134,898

X-25 Other liabilitiesStart of year $1,031,860$1,086,897

X-26 Total liabilitiesStart of year $1,692,063$1,959,822

X-27 Net assets without donor restrictionsStart of year $141,756$215,999

X-28 Net assets with donor restrictionsStart of year $0$5,000

X-32 Total net assets or fund balancesStart of year $141,756$220,999

X-33 Total liabilities and net assetsStart of year $1,833,819$2,180,821

Part XI · Reconciliation of net assets $220,999 net assets at year end

XI-1 Total revenue$347,326

XI-2 Total expenses$422,723

XI-3 Revenue less expenses−$75,397

XI-4 Net assets at start of year$141,756

XI-8 Prior period adjustments$154,640

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$220,999

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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The Reece Foundation Corp FY2024 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for The Reece Foundation Corp

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV

The Reece Foundation Corp FY2024 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for The Reece Foundation Corp

Funders

Grants

Related Organizations

By the numbers

Filing history

Schedules filed Part IV