2024-05-13T10:49:21-07:00 2023-06-30 680260103 REGALIA & ASSOCIATES CPAS 103 TOWN COUNTRY DR STE K DANVILLE CA 94526 990 2022-07-01 943152375 Reed Schools Foundation REED 4153840628 1199 Tiburon Boulevard Tiburon CA 94920 Suzannah Scully President 4153840628 2024-05-13 true Christina Bosch 999009999 true Douglas W Regalia P00186389 9253140390 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z Suzannah Scully 1199 Tiburon Boulevard Tiburon CA 94920 2314726 false X www.foundationforreedschools.com X 1979 CA The Foundation for Reed Schools promotes the well being of the children in our district by ensuring educational excellence and by fostering community involvement in our schools. This is achieved by raising critical financial resources, which (continued on next page) 5 5 4 100 0 1673457 2022911 310149 53929 432 15830 23307 -33410 2007345 2059260 1500000 1580000 0 154747 161636 0 24245 164024 93125 1818771 1834761 188574 224499 838355 1062135 2526 1807 835829 1060328 fund vital programs such as P.E., Music, Technology, Foreign Language, Library Science and Art. false false 1758891 1580000 53929 The Foundation for Reed Schools raises critical financial resources to fund both educators and vital programs. Our mission is to unite parents and the community in support of quality instruction that provides our children with an exceptional education. The Foundation funds 20 specialists for valuable programs throughout the Reed School District, including art, music, PE, foreign language, library, technology instruction. The Foundation also provides funds for classroom aides, iPads and Apps, laptops, visiting artists, teacher innovation grants and teacher training. 1758891 true true false true false false false false false true false true false false false true true false false false false false false false true false false true false false false false false false false false false false true false false false false true false false false true 0 0 true 4 true false false false false false false false 0 false false false false false false false X 5 5 false false false false false false false true true false false true true true true true true true true false CA X X X Michele Fuegner 4153840628 1199 Tiburon Boulevard Tiburon CA 94920 Christina Bosch Exec Director 40.00 0.00 X 75278 0 0 Michele Fuegner Dir Operations 40.00 0.00 X 48213 0 0 Suzannah Scully President 3.00 0.00 X X 0 0 0 Andreas Papageorge Treasurer 3.00 0.00 X X 0 0 0 Katie Leary VP Fam Giving 3.00 0.00 X X 0 0 0 Samantha Chatham VP Major Gifts 3.00 0.00 X X 0 0 0 Michelle Wilson VP Events 3.00 0.00 X X 0 0 0 123491 0 false false false 0 305391 20145 1697375 177243 2022911 Directory book 611710 53929 53929 53929 15830 15830 0 0 0 0 222056 305391 255466 -33410 -33410 0 0 0 2059260 53929 -17580 1580000 1580000 0 0 0 77623 62099 3881 11643 0 70659 56528 3532 10599 0 1100 880 55 165 12254 9803 613 1838 0 0 30168 30168 0 0 0 0 0 9092 9092 0 0 0 0 0 0 0 0 0 0 Family giving - fundraising 31003 31003 credit card & bank charges 18150 18078 72 Miscellaneous 4212 4212 Directory 500 500 0 1834761 1758891 51625 24245 172544 504886 352743 355724 171538 54054 0 0 0 0 0 0 0 0 141530 147471 0 0 0 838355 1062135 2526 1807 2526 1807 X 835829 1050468 9860 835829 1060328 838355 1062135 224499 X X false true X true false X X X 1 Reed Union School District 680194371 6 true 1562500 0 1 1562500 0 true false true true true false false false false false false false false false false false false true true false X X true false Part IV, Section A, Line 3b: Description Of When and How Organization Made The Determination Made in the organizing documents Part IV, Section A, Line 3c: Explain What Controls The Organization Put In Place All funds distributed are monitored by the Board of Directors. Part IV, Section A, Line 4b: Description Of Control And Descretion Board reviews all allocated funds to ensure Schools use them properly. Part IV, Section E, Line 1c: Explain How Organization Supports Government Entity The Reed Schools Foundation augments funding for all district schools to assist teachers and school programs in accordance with the Foundation's exempt purpose. Part IV, Section E, Line 2a: Identify Supported Orgs. and Explain How Activities Furthered Exempt Pu All funds are used for school and classroom activities. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false 1834761 1834761 241738 60435 false 267550 238511 242681 241738 990480 1485720 39161 1000 40161 66888 59628 60670 60435 247621 371432 39161 1000 40161 141530 5941 147471 146524 -4994 141530 146510 14 146524 139466 6956 88 146510 112772 26672 22 139466 1.00000 false false false 147471 X 2341146 26420 255466 281886 2059260 2059260 2116647 26420 255466 281886 1834761 1834761 Part X : FIN48 Footnote Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, the Foundation is required to report information regarding its exposure to various tax positions taken by the Foundation and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that the Foundation has adequately evaluated its current tax positions and has concluded that as of June 30, 2023 the Foundation does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.The Foundation has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. This exemption is subject to periodic review by the federal and state taxing authorities and management is confident that the Foundation continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. The Foundation may periodically receive unrelated business income (such as sublease rental income or advertising revenue) requiring the Foundation to file separate tax returns under federal and state statutes. Under such conditions, the Foundation calculates and accrues the applicable taxes payable. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Fundraising Expenses $255466 Part XII, Line 2d: Other expenses and losses per audited F/S Fundraising Expenses $255466 X X X X X X false CA Regatta & Live Auction 468261 305391 162870 113718 13361 64996 10700 23480 Fashion show 33829 33829 413 12920 1 25357 25357 15878 527447 305391 222056 113718 13361 65409 10700 52278 255466 -33410 true Bel Aire Elementary School 277 Karen Way Tiburon CA 94920 School 10000 0 School Funding Reed Union School District 277 Karen Way Belvedere CA 94920 680194371 Gov't Agency 1562500 0 School Funding 2 0 Grantmaker's Description of How Grants are Used Board approval is obtained for all disbursements to the Reed Union School District and appropriate paperwork is obtained from the District. The Foundation raises funds and expends resources to support the Art, Music, Technology, Physical Education, Foreign Language and Library Services at the districts three schools. X 2 55696 FMV X 1 5220 FMV X 1 2609 FMV X Auction Items 143 113718 FMV false false false Form 990, Part VI, Section B, Line 11b Form 990 is prepared by an outside tax professional. The form is then reviewed by the organization's management. After a full review, the final version of the tax return is provided to all members of the organization's voting body. A representative of management authorizes the final form 990 which is then e-filed with the internal revenue service. Form 990, Part VI, Section B, Line 12c Members of the Board of Directors review all potential conflicts of interest periodically. Top management and all Board members are required to disclose potential conflicts and any related party affiliations. The organization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures. Form 990, Part VI, Section B, Line 15a Members of the board of directors review the compensation of all high-level personnel periodically in accordance with IRS rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Every effort is made to ensure that the process is thorough and transparent in accordance with IRS guidelines and the organization's policies and procedures. Form 990, Part VI, Section B, Line 15b No compensation is paid to officers or any Board Members. Form 990, Part VI, Section C, Line 18 Tax returns are available for download from several websites and by request from the organization's office in Tiburon, California. Form 990, Part VI, Section C, Line 19 All of the organization's governing documents, financial statements, and other legal filings are maintained in a secure environment and held available for inspection by tax authorities and the general public. Tax returns are posted annually to our website and to www.guidestar.org (where they are available for viewing as electronic copies) and are also available by request from the organization's office. Form 990, Part XII, Line 2c Under the California Nonprofit Integrity Act, an exempt organization with annual revenue of $2 million or more is required to have an Audit Committee to select an audit Firm, review the audit, and approve the audit of its annual financial statements. Reed Union School District 277 Karen Way Tiburon CA 94920 680194371 School District CA Govt Agency Reed Union School District false false true false false false false false false false false false false false true false false false false false Reed Union School District b 1562500 Cost Basis Schedule C, part II-A: Explanation of Four-Year AveragingThe first 501(h) election was made for the year ended June 30, 2001. Since the lobbying expenses relates to a local parcel tax, and the parcel tax is not renewed annually, the lobbying and related expenses are not incurred every year.