2025-08-14T11:42:08-05:00 2024-09-30 390859910 BAKER TILLY ADVISORY GROUP LP 6320 CANOGA AVE 17TH FLOOR WOODLAND HILLS CA 91367 990 2023-10-01 521509402 THE CATHERINE B REYNOLDS FOUNDATION INC CATH 2028338880 PO BOX 650157 STERLING VA 20165 MATTHEW MURRAY TREASURER 2028338880 2025-08-13 1 1 SHASHI MIRPURI P00874030 8189950090 2025-08-13 2023 2025-03-06 01:10:19Z CATHERINE B REYNOLDS PO BOX 650157 STERLING VA 20165 560989 0 X WWW.CBRF.ORG X 1986 MD SEE PART III, LINES 1, 4A AND 4B. 5 3 3 0 -2769 0 0 0 975642 0 516186 536989 24000 24000 1515828 560989 1790020 2587500 0 0 1559404 1872048 0 0 0 13601771 1158483 16951195 5618031 -15435367 -5057042 27657565 24639270 132644 205981 27524921 24433289 X TO HELP STUDENTS GAIN ACCESS TO FUNDS TO PAY FOR COLLEGE COSTS AND TO SUPPORT A VARIETY OF PHILANTHROPIC PROGRAMS INCLUDING BUT NOT LIMITED TO IN THE AREAS OF EDUCATION, THE ARTS, AND RESEARCH, THROUGH GRANT MAKING TO OTHER 501(C) ORGANIZATIONS. 0 0 1788028 0 1. TO CARRY ON A VARIETY OF PROGRAMS RELATING TO, AMONG OTHER THINGS, THE LENDING OF FUNDS TO OR FOR THE BENEFIT OF STUDENTS, FACULTY AND STAFF OF EDUCATIONAL INSTITUTIONS AND OTHERS FOR EDUCATIONAL PURPOSES, INCLUDING SERVICING AND ADMINISTERING STUDENT LOAN PORTFOLIOS.2. TO ADMINISTER PROGRAMS WHEREBY OTHER GOVERNMENTAL OR NONGOVERNMENTAL ENTITIES LEND FUNDS TO OR FOR THE BENEFIT OF, AMONG OTHERS, STUDENTS, FACULTY AND STAFF OF EDUCATIONAL INSTITUTIONS AND NON-PROFIT INSTITUTIONS, IN FURTHERANCE OF RELIGIOUS, SCIENTIFIC, EDUCATIONAL OR CHARITABLE PURPOSES.3. TO DO ANY OTHER ACT OR THING INCIDENTAL TO OR CONNECTED WITH THE FOREGOING PURPOSES OR IN ADVANCEMENT THEREOF.EXEMPT PURPOSE ACHIEVEMENTS:A. THE ORGANIZATION HAS PROVIDED OVER $2,500,000,000 IN EDUCATIONAL LOANS TO OVER 350,000 AMERICANS. THESE FUNDS HAVE ALLOWED THESE INDIVIDUALS THE OPPORTUNITY TO FURTHER THEIR EDUCATION AND MEET THE RISING COST OF OBTAINING A HIGHER EDUCATION.PRIOR TO THE SALE OF ITS PORTFOLIO OF EDUCATIONAL LOANS IN FEBRUARY 2023, THE ORGANIZATION ADMINISTERED MULTIPLE LOAN PROGRAMS AND SERVICES THAT PROVIDED APPROXIMATELY $79,658,428 IN EDUCATIONAL LOANS FOR OVER 8,863 STUDENTS.IN ORDER TO RECEIVE A LOAN, THE STUDENT MUST BE ACCEPTED FOR ENROLLMENT FULL TIME OR PART TIME IN AN ACCREDITED COLLEGE, UNIVERSITY OR PRIVATE SECONDARY SCHOOL APPROVED BY EDUCAP INC. FOR THE LOAN PROGRAM UNDER WHICH THE APPLICATION IS BEING MADE.THE BORROWER OR COSIGNER MUST:BE CREDIT WORTHY AND BE A U.S. CITIZEN OR PERMANENT RESIDENT ALIEN OR HAVE A CREDITWORTHY COSIGNER WHO IS A U.S. CITIZEN OR PERMANENT RESIDENT ALIEN.BE 18 YEARS OF AGE OR OLDER AT THE TIME OF APPLICATION (19 IN ALABAMA AND NEBRASKA, 21 IN MISSISSIPPI AND PUERTO RICO).HAVE NO ADVERSE PUBLIC RECORDS (E.G., COLLECTIONS, TAX LIENS, ETC.) ON THEIR CREDIT REPORTS.HAVE AN ACCEPTABLE BANKRUPTCY SCORE ASSIGNED BY A CREDIT REPORTING AGENCY.HAVE AN ACCEPTABLE CREDIT SCORE (AS DETERMINED BY EDUCAP INC.'S CREDIT SCORING MODEL) FOR THE LOAN PROGRAM UNDER WHICH THE APPLICATION IS BEING MADE.HAVE NEVER DEFAULTED ON A STUDENT LOAN.SUBMIT INCOME VERIFICATION DOCUMENTS.MAXIMUM LOAN AMOUNTS ARE BASED ON:SCHOOL COSTSINCOME AND DEBT TO INCOME RATIO 2587500 2587500 TO MAKE GRANTS TO OTHER 501(C)(3) ORGANIZATIONS IN FURTHERANCE OF ITS MISSION, FOCUSED UPON FOSTERING AN EDUCATED CITIZENRY THROUGH SUPPORT OF EDUCATION, THE ARTS, RESEARCH AND A VARIETY OF OTHER CHARITABLE AND EDUCATIONAL ACTIVITIES.DURING ITS FISCAL YEAR ENDING SEPTEMBER 30, 2024, THE ORGANIZATION HAS MADE GRANTS TOTALING $2,587,500 AND HAS PAID OUT $2,587,500 IN CASH CONTRIBUTIONS TO 13 DIFFERENT CHARITABLE ORGANIZATIONS EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. 4375528 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 12 0 1 3 1 0 1 CJ 0 0 0 0 0 0 0 0 0 0 X 5 3 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE CATHERINE B REYNOLDS FOUNDATION INC 2028338880 PO BOX 650157 STERLING VA 20165 CATHERINE REYNOLDS CHAIRMAN OF THE BOARD & CE 40.00 X X 822044 0 61602 WAYNE REYNOLDS DIRECTOR 2.00 X 0 0 0 JOSEPH RALSTON DIRECTOR 2.00 X 0 0 0 STEPHEN GLOVER DIRECTOR 2.00 X 0 0 0 MARGERY KRAUS DIRECTOR 2.00 X 0 0 0 MATTHEW MURRAY TREASURER 40.00 X 81017 0 9641 STEVE CADY SECRETARY 2.00 X 0 0 0 VANESSA MOORE EXECUTIVE ASSISTANT TO CHA 40.00 X 153987 0 22504 ETHEL TERRADO-LOWE DIRECTOR OF NEW MEDIA & DE 40.00 X 177449 0 9780 1234497 0 103527 3 0 1 0 0 536989 -2769 539758 REIMBURSED EXPENSES 541900 24000 24000 24000 560989 0 -2769 563758 2587500 2587500 1396699 1117359 279340 267069 89014 178055 48311 16102 32209 100296 33429 66867 59673 19889 39784 93291 31094 62197 16032 5343 10689 47955 47955 128848 42945 85903 19392 6463 12929 12147 4049 8098 79946 26646 53300 394885 131615 263270 145124 48370 96754 PROGRAM SUPPORT 213134 213134 0 0 OTHER EXPENSES 7380 2460 4920 0 BANK SERVICE FEES 349 116 233 0 5618031 4375528 1242503 0 122 122 4013289 1819487 2000 4000 1600000 0 162211 97506 658750 346527 312223 312223 15596189 16171744 5912386 6234188 59145 0 27657565 24639270 73499 205981 59145 0 132644 205981 X 27524921 24433289 27524921 24433289 27657565 24639270 -5057042 3565410 -1600000 0 X X 1 X 0 1 0 X 247263 247263 4058210 2998350 2585605 975644 0 10617809 4058210 2998350 2832868 975644 10865072 0 0 0 10865072 597881 608179 564322 516186 536989 2823557 597881 608179 564322 516186 536989 2823557 56432 -12643 -5438 -5959 -2769 29623 243755 54362 24000 34156 24000 380273 4956278 3648248 3415752 1520027 558220 14098525 0.77070 0.82510 0.20030 0.14450 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: REIMBURSED EXPENSES - 2019 AMOUNT: $ 243,755. 2020 AMOUNT: $ 54,362. 2021 AMOUNT: $ 24,000. 2022 AMOUNT: $ 24,000. 2023 AMOUNT: $ 24,000. ADMINISTRATIVE FEES - 2022 AMOUNT: $ 10,156. 51725 51725 0 508653 196430 312223 98372 98372 0 312223 ABSOLUTE RETURN 2649474 F HEDGED EQUITY 1931806 F PRIVATE EQUITY LPS 1652908 F 6234188 X 4102399 3565410 3565410 536989 24000 24000 560989 5594031 0 5594031 24000 24000 5618031 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER THE PROVISIONS OF IRC SECTION 501(C)(3), HOWEVER, ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS"). MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED AS OF SEPTEMBER 30, 2024 AND 2023, THERE ARE NO POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF THE LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: MISCELLANEOUS INCOME TREATED AS CONTRA EXPENSE ON FINANCIAL STATMENTS 24,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: MISCELLANEOUS INCOME TREATED AS CONTRA EXPENSE ON FINANCIAL STATMENTS 24,000. 1 ALASKA AVIATION HERITAGE MUSEUM 4721 AIRCRAFT DRIVE ANCHORAGE AK 99502 920071852 501(C)(3) 10000 0 GENERAL SUPPORT AMERICAN ACADEMY OF ACHIEVEMENT 1222 16TH STREET NW WASHINGTON DC 20036 756042129 501(C)(3) 2350000 0 GENERAL SUPPORT ARMY DISTAFF FOUNDATION 6200 OREGON AVE NW WASHINGTON DC 20015 530246852 501(C)(3) 100000 0 GENERAL SUPPORT CENTRONIA 1420 COLUMBIA ROAD NW WASHINGTON DC 20009 251689720 501(C)(3) 10000 0 GENERAL SUPPORT CLOSE UP FOUNDATION 1330 BRADDOCK PLACE SUITE 400 ALEXANDRIA VA 22314 237122882 501(C)(3) 10000 0 GENERAL SUPPORT DENYCE GRAVES FOUNDATION 1740 BROADWAY 15TH FLOOR NEW YORK NY 10019 862276658 501(C)(3) 15000 0 GENERAL SUPPORT BIRMINGHAM BOTANICAL SOCIETY INC 2612 LANE PARK ROAD BIRMINGHAM AL 35223 630495111 501(C)(3) 20000 0 GENERAL SUPPORT HUDSON INSTITUTE 1201 PENNSYLVANIA AVE NW FOURTH FLOOR WASHINGTON DC 20004 131945157 501(C)(3) 20000 0 GENERAL SUPPORT JOHN F KENNEDY CENTER FOR THE PERFORMING ARTS 2700 F STREET NW WASHINGTON DC 20566 530245017 501(C)(3) 12000 0 GENERAL SUPPORT LIBRARY OF CONGRESS 101 INDEPENDENCE AVE SE WASHINGTON DC 20540 536002532 GOV'T ENTITY 25000 0 GENERAL SUPPORT PROTESTANT EPISCOPAL CATHEDRAL FOUNDATION 3101 WISCONSIN AVE NW WASHINGTON DC 20016 530196604 501(C)(3) 10000 0 GENERAL SUPPORT WASHINGTON NATIONAL CATHEDRAL 3101 WISCONSIN AVE NW WASHINGTON DC 20016 530196604 501(C)(3) 5500 0 GENERAL SUPPORT 12 0 PART I, LINE 2: THE ORGANIZATION MONITORS THE USE OF FUNDS IT GRANTS TO OTHER NON-PROFIT ORGANIZATIONS AND TO GOVERNMENT ENTITIES IN A VARIETY OF WAYS, INCLUDING FIRST-HAND MONITORING, BOARD AFFILIATIONS, AND REPUTATIONAL AND OTHER FEEDBACK. X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 CATHERINE REYNOLDS CHAIRMAN OF THE BOARD & CE 624824 0 180000 0 17220 0 30000 0 31602 0 883646 0 0 0 ETHEL TERRADO-LOWE DIRECTOR OF NEW MEDIA & DE 167123 0 10000 0 326 0 8122 0 1658 0 187229 0 0 0 VANESSA MOORE EXECUTIVE ASSISTANT TO CHA 143526 0 10000 0 461 0 7176 0 15328 0 176491 0 0 0 PART I, LINE 1A THE ORGANIZATION PROVIDES FIRST CLASS TRAVEL FOR ITS SENIOR EXECUTIVES WHEN APPROPRIATE PURSUANT TO THE ORGANIZATION'S TRAVEL POLICY. WAYNE REYNOLDS THE AMERICAN ACADEMY OF ACHIEVEMENT'S PRESIDENT & CHAIRMAN IS MR. REYNOLDS 2350000 GRANTS ARE PROVIDED FROM THE ORGANIZATION TO THE AMERICAN ACADEMY OF ACHIEVEMENT. 0 WAYNE REYNOLDS THE AMERICAN ACADEMY OF ACHIEVEMENT'S PRESIDENT & CHAIRMAN IS MR. REYNOLDS 79946 OFFICE RENT IS PAID BY THE ORGANIZATION TO THE AMERICAN ACADEMY OF ACHIEVEMENT FOR OFFICE SPACE LEASED TO THE ORGANIZATION. 0 WAYNE REYNOLDS THE AMERICAN ACADEMY OF ACHIEVEMENT'S PRESIDENT & CHAIRMAN IS MR. REYNOLDS 24000 ACCOUNTING AND ADMINISTRATIVE SERVICES ARE PROVIDED BY THE ORGANIZATION TO THE AMERICAN ACADEMY OF ACHIEVEMENT. 0 FORM 990, PART VI, SECTION A, LINE 2 CATHERINE REYNOLDS AND WAYNE REYNOLDS, FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 REVIEW POLICY IS AS FOLLOWS: 1. THE ORGANIZATION PROVIDES ITS BOARD OF DIRECTORS WITH THE ORGANIZATION'S FORM 990 EACH YEAR PRIOR TO FILING THE FORM 990 WITH THE IRS. 2. THE AUDIT COMMITTEE OR A SPECIAL COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE FORM 990 PRIOR TO ITS FILING WITH THE IRS. TO ASSIST THE AUDIT COMMITTEE OR A SPECIAL COMMITTEE WITH ITS REVIEW OF THE FORM 990, THE AUDIT COMMITTEE OR A SPECIAL COMMITTEE MAY, AMONG OTHER THINGS, SPEAK WITH THE ACCOUNTANT WHO PREPARED THE FORM 990 AND COUNSEL WHO REVIEWED THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C MONITORING, COMPLIANCE ENFORCEMENT, AND PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST MONITORING AND COMPLIANCE ENFORCEMENT - EACH DIRECTOR, PRINCIPAL OFFICER, KEY EMPLOYEE, AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY. B. HAS READ AND UNDERSTANDS THE POLICY. C. HAS AGREED TO COMPLY WITH THE POLICY. D. UNDERSTANDS THAT THE ORGANIZATION IS A TAX-EXEMPT ORGANIZATION AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE IN PRIMARILY ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. TO ENSURE THAT THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH TAX-EXEMPT PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING. B. WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER TAX-EXEMPT PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST: A. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. B. THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. C. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. D. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. VIOLATIONS OF THE CONFLICTS OF INTEREST POLICY A. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A BOARD MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE BOARD MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE BOARD MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. B. IF, AFTER HEARING THE BOARD MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THE BOARD MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR OFFICERS IS APPROVED ANNUALLY BY THE SPECIAL COMMITTEE OF THE BOARD OF DIRECTORS, COMPRISED OF INDEPENDENT BOARD MEMBERS. ADDITIONALLY, THE SPECIAL COMMITTEE MEMBERS UTILIZE THE EXPERTISE OF AN INDEPENDENT COMPENSATION EXPERT WHO MEETS WITH THE SPECIAL COMMITTEE MEMBERS AND PROVIDES AND REVIEWS A COMPENSATION COMPARABILITY REPORT, IN ACCORDANCE WITH BEST PRACTICES OUTLINED BY THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION C, LINE 19 TO THE EXTENT REQUIRED BY LAW, THE FORM 990 AND FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS AN AUDIT COMMITTEE, COMPRISED OF INDEPENDENT BOARD MEMBERS, THAT ASSUMES OVERSIGHT OF THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR FISCAL YEAR.