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Rea Charitable Trust

  • Detroit, MI
  • Tax-exempt since April 2009
  • EIN: 26-3671567

Organization summary

Type of Nonprofit

Designated as a 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 / Named Trusts/Foundations N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$4.15M (2024)

Expenses
$6.65M (2024)

Total Assets
$98.1M (2024)

Total Liabilities
$0 (2024)

Years with missing data
Source: Form 990 tax filings from 2011 to 2024

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 Sept.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,153,031
Expenses
$6,653,545
Net Income
-$2,500,514
Net Assets
$98,126,165
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $119,364
2.9%
Dividends $2,830,357
68.2%
Sales of Assets $1,072,061
25.8%
Other Income $131,249
3.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,662,625
85.1%
Compensation of Officers* $141,246
2.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $98,126,165
Total Liabilities $0
Net Assets $98,126,165
Compensation
Key Employees and Officers Compensation Other
Comerica Bank Trust Na (Trustee) $134,246 $0
Randy Wilson (Advisory Committee) $1,000 $0
Vickie Jay (Advisory Committee) $1,000 $0
Eileen Piwetz (Advisory Committee) $1,000 $0
Becky Baskin Ferguson (Advisory Committee) $1,000 $0
Carma Lynn Muscroft (Advisory Committee) $1,000 $0
Katharine Folger Kavanagh (Advisory Committee) $1,000 $0
Christine G Foreman (Advisory Committee) $1,000 $0
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Document Links

990-PF
Filed on Feb. 14, 2025

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

View Filing
XML

Fiscal Year Ending Sept.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$229,851
Expenses
$6,772,543
Net Income
-$7,002,394
Net Assets
$100,544,152
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $202,087
Dividends $2,900,666
Sales of Assets -$3,525,916
Other Income $193,312
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,867,302
86.6%
Compensation of Officers* $344,793
5.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $100,544,152
Total Liabilities $0
Net Assets $100,544,152
Compensation
Key Employees and Officers Compensation Other
Wells Fargo Bank N A (Prior Ttee) $310,557 $0
Comerica Bank (Trustee) $29,736 $0
Becky Baskin Ferguson (Advisory Committee) $1,000 $0
Christine G Foreman (Advisory Committee) $1,000 $0
Richard Folger (Advisory Committee) $500 $0
Vickie Jay (Advisory Committee) $500 $0
Eileen Piwetz (Advisory Committee) $500 $0
Carma Lynn Muscroft (Advisory Committee) $500 $0
Katharine Folger Kavanagh (Advisory Committee) $500 $0
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Document Links

990-PF
Filed on Aug. 12, 2024

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

View Filing
XML

Fiscal Year Ending Sept.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,370,492
Expenses
$6,897,542
Net Income
-$527,050
Net Assets
$107,266,968
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $3,479,834
54.6%
Sales of Assets $2,526,653
39.7%
Other Income $364,005
5.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,965,378
86.5%
Compensation of Officers* $507,862
7.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $107,266,968
Total Liabilities $0
Net Assets $107,266,968
Compensation
Key Employees and Officers Compensation Other
Wells Fargo Bank N A (Trustee) $503,862 $0
Becky Ferguson (Advisory Committee) $1,000 $0
Christine Foreman (Advisory Committee) $1,000 $0
Richard Folger (Advisory Committee) $1,000 $0
Harper Estes (Advisory Committee) $500 $0
Paul Morris (Advisory Committee) $500 $0
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Document Links

990-PF
Filed on June 13, 2023

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

View Filing
XML

Fiscal Year Ending Sept.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$14,015,969
Expenses
$6,461,019
Net Income
$7,554,950
Net Assets
$108,024,869
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $2,951,179
21.1%
Sales of Assets $10,798,347
77.0%
Other Income $266,443
1.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,458,280
84.5%
Compensation of Officers* $512,351
7.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $108,024,869
Total Liabilities $0
Net Assets $108,024,869
Compensation
Key Employees and Officers Compensation Other
Wells Fargo Bank N A (Trustee) $507,451 $0
Becky Ferguson (Advisory Committee) $1,300 $0
Christine Foreman (Advisory Committee) $1,150 $0
Paul Morris (Advisory Committee) $1,150 $0
Richard Fogler (Advisory Committee) $1,150 $0
Harper Estes (Advisory Committee) $150 $0
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Document Links

990-PF
Filed on Aug. 8, 2022

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

View Filing
PDF XML

Fiscal Year Ending Sept.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,186,660
Expenses
$6,182,314
Net Income
-$995,654
Net Assets
$100,484,276
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $2,982,903
57.5%
Sales of Assets $1,982,431
38.2%
Other Income $221,326
4.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,487,490
88.8%
Compensation of Officers* $451,166
7.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $100,484,277
Total Liabilities $1
Net Assets $100,484,276
Compensation
Key Employees and Officers Compensation Other
Wells Fargo Bank N A (Trustee) $451,166 $0

Document Links

990-PF
Filed on Aug. 5, 2021

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

View Filing
PDF XML

Fiscal Year Ending Sept.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,143,633
Expenses
$6,035,954
Net Income
-$892,321
Net Assets
$101,647,225
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $3,017,871
58.7%
Sales of Assets $1,730,326
33.6%
Other Income $395,436
7.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,256,785
87.1%
Compensation of Officers* $448,519
7.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $101,647,225
Total Liabilities $0
Net Assets $101,647,225

Document Links

990-PF

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

PDF

Fiscal Year Ending Sept.
2018

No Extracted Financial Data

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

Document Links

990-PF

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

PDF

Fiscal Year Ending Sept.
2017

No Extracted Financial Data

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

Document Links

990-PF

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

PDF

Fiscal Year Ending Sept.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$80,843,013
Expenses
$3,353,486
Net Income
$77,489,527
Net Assets
$105,667,349
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $603,455
0.7%
Sales of Assets $74,651,502
92.3%
Other Income $5,588,056
6.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,881,104
56.1%
Compensation of Officers* $344,400
10.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $105,667,349
Total Liabilities $0
Net Assets $105,667,349
Compensation
Key Employees and Officers Compensation Other
Wells Fargo Bk Na Trustee (Trustee) $342,600 $0
Vicky Jay (Grants Advisor) $300 $0
Becky Ferguson (Grants Advisor) $300 $0
Dona Bradley (Grants Advisor) $300 $0
Paul Morris (Grants Advisor) $300 $0
Harper Estes (Grants Advisor) $300 $0
Richard Folger (Grants Advisor) $150 $0
Christine Foreman (Grants Advisor) $150 $0
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Document Links

990-PF
Filed on May 16, 2017

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

View Filing
PDF XML
PDF (2 of 2)

Fiscal Year Ending Sept.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,322,799
Expenses
$2,904,104
Net Income
-$581,305
Net Assets
$27,955,361
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $598,876
25.8%
Sales of Assets -$21,739
Other Income $1,745,662
75.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,895,719
65.3%
Compensation of Officers* $515,311
17.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $27,955,361
Total Liabilities $0
Net Assets $27,955,361
Compensation
Key Employees and Officers Compensation Other
Wells Fargo Bk Na Trustee (Trustee) $512,461 $0
Richard Folger (Grants Advisor) $450 $0
Becky Ferguson (Grants Advisor) $450 $0
Dona Bradley (Grants Advisor) $450 $0
Paul Morris (Grants Advisor) $450 $0
Christine Foreman (Grants Advisor) $450 $0
Vicky Jay (Grants Advisor) $300 $0
Harper Estes (Grants Advisor) $300 $0
+ View more people

Document Links

990-PF
Filed on May 13, 2016

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

View Filing
PDF XML

Fiscal Year Ending Sept.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,803,401
Expenses
$2,470,780
Net Income
$2,332,621
Net Assets
$28,402,977
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $543,602
11.3%
Sales of Assets $757,437
15.8%
Other Income $3,502,362
72.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,506,546
61.0%
Compensation of Officers* $455,181
18.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $28,402,977
Total Liabilities $0
Net Assets $28,402,977
Compensation
Key Employees and Officers Compensation Other
Wells Fargo Bk Na Trustee (Trustee) $454,081 $0
Vicky Jay (Grants Advisor) $250 $0
Dona Bradley (Grants Advisor) $250 $0
Paul Morris (Grants Advisor) $250 $0
Christine Foreman (Grants Advisor) $250 $0
Becky Ferguson (Grants Advisor) $100 $0
Richard Folger (Grants Advisor) $0 $0
+ View more people

Document Links

990-PF
Filed on May 13, 2016

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

View Filing
PDF XML
View Filing (2 of 2) PDF (2 of 2)

Fiscal Year Ending Sept.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,497,509
Expenses
$2,199,877
Net Income
$1,297,632
Net Assets
$26,075,125
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $528,382
15.1%
Sales of Assets $252,396
7.2%
Other Income $2,716,731
77.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,256,234
57.1%
Compensation of Officers* $373,937
17.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $26,075,126
Total Liabilities $1
Net Assets $26,075,125

Document Links

990-PF
Filed on April 11, 2014

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

View Filing
PDF XML
PDF (2 of 2)

Fiscal Year Ending Sept.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,074,096
Expenses
$2,431,813
Net Income
$1,642,283
Net Assets
$24,781,515
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $482,661
11.8%
Sales of Assets $216,259
5.3%
Other Income $3,375,176
82.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,484,969
61.1%
Compensation of Officers* $403,474
16.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $24,781,515
Total Liabilities $0
Net Assets $24,781,515

Document Links

990-PF

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

PDF

Fiscal Year Ending Sept.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,353,370
Expenses
$1,975,741
Net Income
$1,377,629
Net Assets
$23,139,232
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $436,881
13.0%
Sales of Assets $138,400
4.1%
Other Income $2,778,089
82.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $995,756
50.4%
Compensation of Officers* $349,023
17.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $23,139,232
Total Liabilities $0
Net Assets $23,139,232

Document Links

990-PF

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

PDF

Fiscal Year Ending Sept.
2010

No Extracted Financial Data

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

Document Links

990-PF

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

PDF

Fiscal Year Ending Sept.
2009

No Extracted Financial Data

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

Document Links

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.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

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.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

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Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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