Skip to content
Nonprofiteer
← DAVID REZNICK FOUNDATION INC

Form 990 for tax year 2023

Filed by DAVID REZNICK FOUNDATION INC.

Totals

Total revenue
$174,571
Total expenses
$69,807
Contributions and grants received
$27,762
Grants paid
$60,000
Program service revenue
$74,620
Investment income
$0
Other revenue
$72,189
Total assets, end of year
$1,338,375
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,338,375
Program services expenses (Part IX)
$60,000
Management and general expenses
$9,807
Fundraising expenses
$0
Program service expenses (Part III)
$60,000

Program services were 86.0% 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

    $27,762

  • 2a · Program service revenue: ASSET MANAGEMENT FEE

    total $74,620 · related or exempt $74,620

  • 11a · Other revenue: PARTNERSHIP INVESTMENT

    total $72,189 · excluded $72,189

  • 11e · Other revenue, total

    $72,189

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $60,000 · program services $60,000

  • 11c · Fees: accounting

    total $1,150 · management and general $1,150

  • 13 · Office expenses

    total $4,032 · management and general $4,032

  • 14 · Information technology

    total $1,542 · management and general $1,542

  • 23 · Insurance

    total $1,169 · management and general $1,169

  • 24a · Other expenses: BANK CHARGES

    total $15 · management and general $15

  • 24e · All other expenses

    total $1,899 · management and general $1,899

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $408,128 · end of year $524,382

  • 2 · Savings and temporary cash investments

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

  • 12 · Investments: other securities

    beginning of year $77,589 · end of year $66,099

  • 27 · Net assets without donor restrictions

    beginning of year $1,233,611 · end of year $1,338,375

Mission and programs · 2023

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 $60,000 · Grants $60,000 · Revenue $74,620

As filed on the 2023 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.

  • DRBP MANAGING MEMBER LLC

    INVESTMENT · MD

    Directly controlled by DAVID REZNICK FOUNDATION INC

  • DR BANK PROPERTIES LLC

    INVESTMENT · MD · income -$11,490 · assets $66,099

    Directly controlled by DAVID REZNICK FOUNDATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202403169349304445

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.