Nonprofit · EIN 04-2603322
REED CHARITABLE TRUST
Also known as SILVER SUMNER TTEE
Tax-exempt · WORCESTER, MA 01608
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,311,407 | $518,823 | $792,584 | $10,503,951 | $12,250 | $10,491,701 |
| December 31, 2023 | 990 | $492,785 | $511,101 | -$18,316 | $9,605,366 | $14,200 | $9,591,166 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $1,311,407
- Net gain from sales of assets
- $1,053,611
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $455,392
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $15,848
- Program services (functional)
- $455,392
- Management and general (functional)
- $63,431
Balance sheet and other
- Total assets, start of year
- $9,605,366
- Total assets, end of year
- $10,503,951
- Total liabilities, end of year
- $12,250
- Net assets, end of year
- $10,491,701
- Publicly traded securities
- $10,107,870
- Gross receipts
- $6,394,881
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1977
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALAN STOLL | PRESIDENT Trustee or director, Officer | 0 | $0 |
| JAY AFRAME | VICE PRESIDENT Trustee or director, Officer | 0 | $0 |
| STEVEN WILLENS | TRUSTEE Trustee or director | 0 | $0 |
| MATTHEW OSTROW | TREASURER Trustee or director, Officer | 0 | $0 |
| WARREN PALLEY | TRUSTEE Trustee or director | 0 | $0 |
| RICKY SEDER | TRUSTEE Trustee or director | 0 | $0 |
| MARY JANE REIN | TRUSTEE Trustee or director | 0 | $0 |
| ALAN YOFFIE | SECRETARY Trustee or director, Officer | 0 | $0 |
| GARY WOLF | TRUSTEE Trustee or director | 0 | $0 |
| JUDY SHRIBER | TRUSTEE Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALAN STOLL | PRESIDENT Trustee or director, Officer | 0 | $0 |
| JAY AFRAME | VICE PRESIDENT Trustee or director, Officer | 0 | $0 |
| STEVEN WILLENS | TRUSTEE Trustee or director | 0 | $0 |
| MATTHEW OSTROW | TREASURER Trustee or director, Officer | 0 | $0 |
| WARREN PALLEY | TRUSTEE Trustee or director | 0 | $0 |
| RICKY SEDER | TRUSTEE Trustee or director | 0 | $0 |
| MARY JANE REIN | TRUSTEE Trustee or director | 0 | $0 |
| ALAN YOFFIE | SECRETARY Trustee or director, Officer | 0 | $0 |
| GARY WOLF | TRUSTEE Trustee or director | 0 | $0 |
| JUDY SHRIBER | TRUSTEE Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 146 MAIN ST RM 500, WORCESTER, MA 01608-1137
- In care of
- % SUMNER SILVER TTEE
- Principal officer (990 for 2024)
- JAY AFRAME, 146 MAIN STREET SUITE 500, WORCESTER, MA 01608
- Signed the 990
- JAY AFRAME, TRUSTEE
- Phone
- (508) 754-6852
- Return prepared by
- BOLLUS LYNCH LLP
Mission
TO PROVIDE FUNDS TO THE JEWISH HEALTHCARE CENTER, INC. (FORMERLY THE JEWISH HOME FOR AGED OF WORCESTER COUNTY, INC.) TO BE USED TO MAINTAIN AND OPERATE ITS HOSPITAL/MEDICAL UNIT.
Program accomplishments
- THE TRUST PROVIDES FUNDS TO JEWISH HEALTHCARE CENTER, INC (FORMERLY THE JEWISH HOME FOR AGED OF WORCESTER COUNTY, INC.) TO BE USED TO MAINTAIN AND OPERATE ITS HOSPITAL/MEDICAL UNIT.Expenses $455,392 · grants $455,392
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2603322
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1977
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $10,503,951
- Income (IRS master file)
- $6,394,881
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,311,407 | $518,823 | $10,503,951 | XML |
| 990 | December 2023 | $492,785 | $511,101 | $9,605,366 | XML |
| 990 | December 2022 | $128,329 | $511,489 | $8,511,362 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2603322).
Questions about REED CHARITABLE TRUST
- What is the EIN of REED CHARITABLE TRUST?
- The employer identification number (EIN) of REED CHARITABLE TRUST is 04-2603322.
- Is REED CHARITABLE TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to REED CHARITABLE TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does REED CHARITABLE TRUST file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of REED CHARITABLE TRUST due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did REED CHARITABLE TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of REED CHARITABLE TRUST?
- The 990 for the year ended December 31, 2024 names JAY AFRAME.
- Who are the officers and directors of REED CHARITABLE TRUST?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does REED CHARITABLE TRUST have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,311,407, expenses of $518,823 and total assets of $10,503,951 at year end.
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