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← DAVID REZNICK FOUNDATION INC

Form 990 for tax year 2024

Filed by DAVID REZNICK FOUNDATION INC.

Totals

Total revenue
$112,562
Total expenses
$47,501
Contributions and grants received
$33,674
Grants paid
$37,500
Program service revenue
$938
Investment income
$0
Other revenue
$77,950
Total assets, end of year
$1,403,436
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,403,436
Program services expenses (Part IX)
$37,500
Management and general expenses
$10,001
Fundraising expenses
$0
Program service expenses (Part III)
$37,500

Program services were 78.9% 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.

  • 1f · All other contributions, gifts and grants

    $33,674

  • 2a · Program service revenue: ASSET MANAGEMENT FEE

    total $938 · related or exempt $938

  • 11a · Other revenue: PARTNERSHIP INVESTMENT

    total $77,950 · excluded $77,950

  • 11e · Other revenue, total

    $77,950

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $37,500 · program services $37,500

  • 11c · Fees: accounting

    total $477 · management and general $477

  • 11g · Fees: other

    total $671 · management and general $671

  • 12 · Advertising and promotion

    total $2,000 · management and general $2,000

  • 23 · Insurance

    total $1,173 · management and general $1,173

  • 24a · Other expenses: PAYROLL TAX PENALTY

    total $5,680 · management and general $5,680

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $524,382 · end of year $595,172

  • 2 · Savings and temporary cash investments

    beginning of year $747,894 · end of year $747,894

  • 12 · Investments: other securities

    beginning of year $66,099 · end of year $60,370

  • 27 · Net assets without donor restrictions

    beginning of year $1,338,375 · end of year $1,403,436

Mission and programs · 2024

Mission

THE DAVID REZNICK FOUNDATION ENGAGES COMMUNITY LEADERS AND BUILDS PARTNERSHIPS IN COMMUNITIES TO DESIGN SOLUTIONS FOR LONG-TERM STABILITY AND GROWTH. THROUGH THESE PARTNERSHIPS, WE BRING TOGETHER RESOURCES TO PRESERVE AND ENHANCE QUALITY, AFFORDABLE HOUSING, ASSIST STUDENTS IN FINANCIAL NEED, AND CONTINUE COMMUNITY AND ECONOMIC INCENTIVES THAT WERE PROMOTED BY GOVERNMENT PROGRAMS.

Activities or mission (Part I)

PROMOTE COMMUNITY REVITALIZATION, HISTORIC TAX CREDITS AND COLLEGE SCHOLARSHIPS FOR STUDENTS IN FINANCIAL NEED.

  • PRESERVE AFFORDABLE HOUSING, CONTINUE COMMUNITY AND ECONOMIC INCENTIVES THAT WERE PROMOTED BY GOVERNMENT PROGRAMS, AND SUPPORT STUDENTS WHO ARE IN FINANCIAL NEED FOR A COLLEGE EDUCATION

    Expenses $37,500 · Grants $37,500 · Revenue $938

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • SHARON DWORKIN BELL

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL BODAKEN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • GLENN HOPPS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ANNE SCHRANTZ

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • ALAN COHEN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • SHEILA TURNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RUSS PHILLIPS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAURA ZANER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JERRY BREED

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • IRA WEINSTEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEIRDRE DUNENFELD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVE RAEDERMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BILL MACHEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2024
Filed
17 June 2025
IRS schema version
2024v5.1
Source object
202511709349300506

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