Harold And Kate Reed Family Foundation

Lena Ulrika Vettleson

Minneapolis, MN
Tax-exempt since July 2007
EIN: 20-3982052

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$694k (2023)

Expenses

$656k (2023)

Total Assets

$5.87M (2023)

Total Liabilities

$0 (2023)

Years with missing data

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$693,793

Expenses

$655,886

Net Income

$37,907

Net Assets

$5,865,056

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,387	0.5%
Dividends	$252,540	36.4%
Sales of Assets	$389,472	56.1%
Other Income	$48,330	7.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$434,162	66.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,865,056
Total Liabilities	$0
Net Assets	$5,865,056

Compensation

Key Employees and Officers	Compensation	Other
Harold S Reed (President & Director)	$0	$0
Kate M Reed (Vice President & Director)	$0	$0
Sara Schaffler (Secretary & Treasurer)	$0	$0

990-PF

Filed on Nov. 14, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$649,652

Expenses

$600,600

Net Income

$49,052

Net Assets

$5,827,149

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,167	0.3%
Dividends	$174,185	26.8%
Sales of Assets	$439,842	67.7%
Other Income	$33,458	5.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$434,658	72.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,827,149
Total Liabilities	$0
Net Assets	$5,827,149

Compensation

Key Employees and Officers	Compensation	Other
Harold S Reed (President & Director)	$0	$0
Kate M Reed (Vice President & Director)	$0	$0
Sara Schaffler (Secretary & Treasurer)	$0	$0

990-PF

Filed on Nov. 15, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2021

Revenue

$1,489,024

Expenses

$425,104

Net Income

$1,063,920

Net Assets

$5,778,097

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$905,640	60.8%
Interest Revenue	$942	0.1%
Dividends	$138,992	9.3%
Sales of Assets	$435,600	29.3%
Other Income	$7,707	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$337,444	79.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,778,097
Total Liabilities	$0
Net Assets	$5,778,097

Compensation

Key Employees and Officers	Compensation	Other
Harold S Reed (President & Director)	$0	$0
Kate M Reed (Vice President & Director)	$0	$0
Michella L Johnson (Secretary & Treasurer)	$0	$0

990-PF

Filed on Nov. 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$110,181

Expenses

$470,995

Net Income

-$360,814

Net Assets

$5,111,054

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$598	0.5%
Dividends	$139,918	> 100%
Sales of Assets	-$35,683
Other Income	$5,348	4.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$347,940	73.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,111,054
Total Liabilities	$0
Net Assets	$5,111,054

Compensation

Key Employees and Officers	Compensation	Other
Harold S Reed (President & Director)	$0	$0
Kate M Reed (Vice President & Director)	$0	$0
Michella L Johnson (Secretary & Treasurer)	$0	$0

990-PF

Filed on Aug. 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2019

Revenue

$465,567

Expenses

$437,913

Net Income

$27,654

Net Assets

$5,471,868

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,567	0.3%
Dividends	$172,414	37.0%
Sales of Assets	$279,552	60.0%
Other Income	$13,719	2.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$348,166	79.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,471,868
Total Liabilities	$0
Net Assets	$5,471,868

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2018

Revenue

$540,897

Expenses

$435,329

Net Income

$105,568

Net Assets

$5,444,214

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$246	0.0%
Dividends	$156,049	28.9%
Sales of Assets	$362,476	67.0%
Other Income	$21,802	4.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$332,009	76.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,444,214
Total Liabilities	$0
Net Assets	$5,444,214

Compensation

Key Employees and Officers	Compensation	Other
Harold S Reed (President & Director)	$0	$0
Kate M Reed (Vice President & Director)	$0	$0
Michella L Johnson (Secretary & Treasurer)	$0	$0

990-PF

Filed on Nov. 13, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2017

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2016

Revenue

$317,547

Expenses

$378,953

Net Income

-$61,406

Net Assets

$5,323,013

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$102,717	32.3%
Interest Revenue	$805	0.3%
Dividends	$124,972	39.4%
Sales of Assets	$79,810	25.1%
Other Income	$8,898	2.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$305,249	80.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,323,013
Total Liabilities	$0
Net Assets	$5,323,013

Compensation

Key Employees and Officers	Compensation	Other
Harold S Reed (President & Director)	$0	$0
Kate M Reed (Vice President & Director)	$0	$0
Michella L Johnson (Secretary & Treasurer)	$0	$0

990-PF

Filed on Nov. 10, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2015

Revenue

$2,050,261

Expenses

$284,026

Net Income

$1,766,235

Net Assets

$5,377,574

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,943,763	94.8%
Interest Revenue	$1,626	0.1%
Dividends	$93,377	4.6%
Sales of Assets	$9,894	0.5%
Other Income	$1,552	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$225,989	79.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,377,574
Total Liabilities	$0
Net Assets	$5,377,574

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$192,916

Expenses

$286,059

Net Income

-$93,143

Net Assets

$3,611,339

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$18	0.0%
Dividends	$105,395	54.6%
Sales of Assets	$77,173	40.0%
Other Income	$10,175	5.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$207,518	72.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,611,339
Total Liabilities	$0
Net Assets	$3,611,339

Compensation

Key Employees and Officers	Compensation	Other
Harold S Reed (President & Director)	$0	$0
Kate M Reed (Vice President & Director)	$0	$0
Michella L Johnson (Secretary)	$0	$0
Michella L Johnson (Treasurer)	$0	$0

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990-PF

Filed on Nov. 4, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2013

Revenue

$727,750

Expenses

$247,124

Net Income

$480,626

Net Assets

$3,704,482

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$31	0.0%
Dividends	$114,699	15.8%
Sales of Assets	$614,816	84.5%
Other Income	-$1,826

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$195,774	79.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,704,482
Total Liabilities	$0
Net Assets	$3,704,482

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$62,714

Expenses

$234,776

Net Income

-$172,062

Net Assets

$3,223,856

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$11	0.0%
Dividends	$116,266	> 100%
Sales of Assets	$0
Other Income	-$4,932

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$189,321	80.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,223,856
Total Liabilities	$0
Net Assets	$3,223,856

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

-$7,153

Expenses

$236,577

Net Income

-$243,730

Net Assets

$3,395,917

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$54
Dividends	$113,784
Sales of Assets	$0
Other Income	$5,069

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$186,721	78.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,395,918
Total Liabilities	$1
Net Assets	$3,395,917

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2008

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Harold And Kate Reed Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $694k (2023)

Expenses $656k (2023)

Total Assets $5.87M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2017

No Extracted Financial Data

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Revenue

$694k (2023)

Expenses

$656k (2023)

Total Assets

$5.87M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005