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← REED CHARITABLE TRUST

Form 990 for tax year 2022

Filed by REED CHARITABLE TRUST.

Totals

Total revenue
$128,329
Total expenses
$511,489
Contributions and grants received
$0
Grants paid
$456,213
Program service revenue
$0
Investment income
$128,329
Other revenue
$0
Total assets, end of year
$8,511,362
Total liabilities, end of year
$21,754
Net assets or fund balances, end of year
$8,489,608
Program services expenses (Part IX)
$456,213
Management and general expenses
$55,276
Fundraising expenses
$0
Program service expenses (Part III)
$456,213

Program services were 89.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $169,410 · related or exempt $169,410

  • 7a · Gross sales of assets other than inventory

    securities $3,285,735

  • 7b · Less cost or other basis and sales expenses

    securities $3,326,816

  • 7c · Gain or loss

    securities -$41,081

  • 7d · Net gain or loss

    total -$41,081 · related or exempt -$41,081

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $456,213 · program services $456,213

  • 11c · Fees: accounting

    total $11,750 · management and general $11,750

  • 11f · Fees: investment management

    total $43,526 · management and general $43,526

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $404,200 · end of year $227,187

  • 11 · Investments: publicly traded securities

    beginning of year $10,204,559 · end of year $8,284,175

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,450 · end of year $21,754

  • 29 · Capital stock, trust principal or current funds

    beginning of year $10,587,309 · end of year $8,489,608

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

TO PROVIDE FUNDS TO THE JEWISH HEALTHCARE CENTER, INC. (FORMERLY THE JEWISH HOME FOR AGED OF WORCESTER COUNTY, INC.) TO BE USED TO MAINTAIN AND OPERATE ITS HOSPITAL/MEDICAL UNIT.

Activities or mission (Part I)

THE TRUST'S EXEMPT PURPOSE IS TO PROVIDE FUNDS TO THE JEWISH HEALTHCARE CENTER, INC. SEE BOTTOM PAGE (FORMERLY THE JEWISH HOME FOR AGED OF WORCESTER COUNTY, INC.) TO ESTABLISH, MAINTAIN AND OPERATE A HOSPITAL/MEDICAL UNIT WITHIN ITS COMPLEX.

  • THE TRUST PROVIDES FUNDS TO JEWISH HEALTHCARE CENTER, INC (FORMERLY THE JEWISH HOME FOR AGED OF WORCESTER COUNTY, INC.) TO BE USED TO MAINTAIN AND OPERATE ITS HOSPITAL/MEDICAL UNIT.

    Expenses $456,213 · Grants $456,213

As filed on the 2022 return.

Listed in Part VII

  • Alan Stoll

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0
  • Jay Aframe

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0
  • Steven Willens

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0
  • Matthew Ostrow

    TREASURER

    Total calculated
    $0
    Hours/week
    0
  • Riff Freedman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0
  • Ricky Seder

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0
  • Mary Jane Rein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0
  • Edward Glick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0
  • Gary L Wolf

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0
  • Judy Shriber

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0
  • Alan Yoffie

    SECRETARY

    Total calculated
    $0
    Hours/week
    0
  • Warren Palley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
9 October 2023
IRS schema version
2022v5.0
Source object
202312929349300821

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