REESE FAMILY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
REESE FAMILY FOUNDATION (EIN 36-5069755)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-04-02
IRS object ID
202410939349100021
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-04-02T13:37:38-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN880374623PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HOULDSWORTH RUSSO & COMPANY PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line18675 S EASTERN AVE STE AAddressLine1Txt
CityLAS VEGASCityNm
State AbbreviationNVStateAbbreviationCd
ZIP89123ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN365069755EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1REESE FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlREESBusinessNameControlTxt
Phone7028989322PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1303 EAST GURLEY STREET SUITE 515AddressLine1Txt
CityPRESCOTTCityNm
State AbbreviationAZStateAbbreviationCd
ZIP863013804ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBRENT REESEPersonNm
Person TitlePRESIDENT/FOUNDERPersonTitleTxt
Phone7024992020PhoneNum
Signature2024-04-02SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstBRENTPersonFirstNm
Person LastREESEPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJESSICA P SAYLESPreparerPersonNm
PTINP01530213PTIN
Phone7022699992PhoneNum
Preparation2024-04-02PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Initial ReturnYes (X)InitialReturnInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$175,998FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$228,273ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$29InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$29InterestOnSavNetInvstIncmAmt
Other Income Rev And Expnss$86OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$228,388TotalRevAndExpnssAmt
Total Net Invst Incm$29TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$2,151LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl$1,075LegalFeesDsbrsChrtblAmt
Other Prof Fees Rev And Expnss$1,000OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl$500OtherProfFeesDsbrsChrtblAmt
Other Expenses Rev And Expnss$512OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$256OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$3,663TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,831TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$53,335ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$53,335ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$56,998TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$55,166TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$171,390ExcessRevenueOverExpensesAmt
Net Investment Income$29NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst EOY$75,998SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$75,998SavAndTempCashInvstEOYFMVAmt
Other Investments EOY$100,000OtherInvestmentsEOYAmt
Other Investments EOYFMV$100,000OtherInvestmentsEOYFMVAmt
Total Assets EOY$175,998TotalAssetsEOYAmt
Total Assets EOYFMV$175,998TotalAssetsEOYFMVAmt
Accounts Payable EOY$4,608AccountsPayableEOYAmt
Total Liabilities EOY$4,608TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests EOY$171,390NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances EOY$171,390TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$0TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$175,998TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Excess Revenue Over Expenses$171,390ExcessRevenueOverExpensesAmt
Subtotal$171,390SubtotalAmt
Tot Net Ast Or Fund Balances EOY$171,390TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksBRENT REESEIndividualWithBooksNm
Phone7028989322PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1303 E GURLEY ST STE 515AddressLine1Txt
CityPRESCOTTCityNm
State AbbreviationAZStateAbbreviationCd
ZIP86301ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonBRENT REESEPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1303 E GURLEY ST STE 515AddressLine1Txt
CityPRESCOTTCityNm
State AbbreviationAZStateAbbreviationCd
ZIP86301ZIPCd
FieldValueIRS element (for citing)
TitlePRESIDENT/FOTitleTxt
Average Hrs Per Wk Devoted To Pos5.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$100,000AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$100,000TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$100,000AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,500CashDeemedCharitableAmt
Net Vl Noncharitable Assets$98,500NetVlNoncharitableAssetsAmt
Minimum Investment Return$4,925MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$4,925MinimumInvestmentReturnAmt
Distributable Before Adj$4,925DistributableBeforeAdjAmt
Distributable Before Ded$4,925DistributableBeforeDedAmt
Distributable As Adjusted$4,925DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$55,166ExpensesAndContributionsAmt
Qualifying Distributions$55,166QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$4,925DistributableAsAdjustedAmt
Qualifying Distributions$55,166QualifyingDistributionsAmt
Applied To Current Year$4,925AppliedToCurrentYearAmt
Remaining Distri From Corpus$50,241RemainingDistriFromCorpusAmt
Total Corpus$50,241TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$50,241ExcessDistriCyovToNextYrAmt
Excess From Current Year$50,241ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtBusiness Name Line2RecipientBusinessName/BusinessNameLine2Txt
FRESH START WOMEN'S FOUNDATION
1130 E MCDOWELL RDPHOENIXAZ85006NONEPCCHARITABLE$250
IMAGINATION LIBRARY
215 E GOODWIN STPRESCOTTAZ86303NONEPCCHARITABLE$1,000
KINO JUNIOR HIGH
848 N HORNEMESAAZ85203NONEGOVCHARITABLE$4,004
LIONS CAMP TATIYEE
5283 W WHITE MOUNTAIN BLVLAKESIDEAZ85929NONEPCCHARITABLE$1,000
ONE STAGE FAMILY THEATRE
852 COUNTRY CLUB DRPRESCOTTAZ86303NONEPCCHARITABLE$6,821
PRESCOTT MEALS ON WHEELS
1280 E ROSSER STPRESCOTTAZ86301NONEPCCHARITABLE$200
SOUTHWEST BEHAVIORAL & HEALTH
3450 N 3RD STPHOENIXAZ85012NONEPCCHARITABLE$32,481SCIENCES
THE BAIL PROJECT
360 E 161 STNEW YORKNY10451NONEPCCHARITABLE$779
THE BROWNSTONE EXPERIENCE
4 BEECHWOOD DRLAWRENCENY11559NONEPCCHARITABLE$1,000
THERE IS NO HERO IN HEROIN
900 KAREN AVE D-206LAS VEGASNV89109NONEPCCHARITABLE$800
VERHELST RECOVERY HOUSE
PO BOX 4098BISBEEAZ85603NONEPCCHARITABLE$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$53,335TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$29ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescCREDIT CARD REWARDSDesc
Exclusion41ExclusionCd
Exclusion$86ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$115ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$115TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonBRENT REESEContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1303 E GURLEY ST STE 515AddressLine1Txt
CityPRESCOTTCityNm
State AbbreviationAZStateAbbreviationCd
ZIP86301ZIPCd
FieldValueIRS element (for citing)
Total Contributions$228,273TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemUBSCategoryOrItemTxt
Listed At Cost Or FMVFMVListedAtCostOrFMVCd
Book Value$100,000BookValueAmt
EOYFMV$100,000EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$2,151LegalFeesAmt
Disbursements Charitable Prps$1,075DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
DUES AND SUBSCRIPTIONS$476$238
OFFICE SUPPLIES$36$18

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescCREDIT CARD REWARDSDesc
Revenue And Expenses Per Books$86RevenueAndExpensesPerBooksAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryIT SERVICESCategoryTxt
Amt$1,000Amt
Disbursements Charitable Prps$500DisbursementsCharitablePrpsAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonBRENT REESEPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1303 EAST GURLEY STREET SUITE 515AddressLine1Txt
CityPRESCOTTCityNm
State AbbreviationAZStateAbbreviationCd
ZIP863013804ZIPCd

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