Nonprofit · EIN 35-1933846
REAMS FOUNDATION INC
Tax-exempt · CHARLESTON, SC 29407
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $6,195,417 | $2,730,203 | $3,465,214 | $37,601,025 | $0 | $37,601,025 |
| December 31, 2024 | 990-PF | $1,313,450 | $2,113,693 | -$800,243 | $36,371,012 | $0 | $36,371,012 |
| December 31, 2023 | 990-PF | $3,148,460 | $2,383,402 | $765,058 | $35,081,251 | $0 | $35,081,251 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,563,325
- Dividends
- $1,093,201
- Interest
- $191,704
- Net gain from sales of assets
- $2,347,187
Expenses
- Grants and similar amounts paid
- $2,031,000
- Disbursements for charitable purposes
- $2,398,241
- Excise tax on investment income
- $28,965
Balance sheet and other
- Total assets, start of year
- $36,371,012
- Total assets, end of year
- $37,601,025
- Total liabilities, end of year
- $0
- Net assets, end of year
- $37,601,025
- Fair market value of assets
- $52,259,316
- Qualifying distributions
- $2,398,241
- Net investment income
- $2,347,187
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRED W REAMS 216 CONFEDERATE CIR, CHARLESTON, SC 29407 | PRES/DIR | 5 | $0 |
| KAREN A REAMS 216 CONFEDERATE CIR, CHARLESTON, SC 29407 | VP/DIRECTOR | 1 | $0 |
| KAREN E SABOE 216 CONFEDERATE CIR, CHARLESTON, SC 29407 | SECRETARY/DIR | 15 | $0 |
| MATTHEW D REAMS 216 CONFEDERATE CIRCLE, CHARLESTON, SC 29407 | DIRECTOR | 20 | $0 |
| KRISTEN A CARTER 216 CONFEDERATE CIRCLE, CHARLESTON, SC 29407 | DIRECTOR | 1 | $0 |
| KIMBERLY A COLE 216 CONFEDERATE CIRCLE, CHARLESTON, SC 29407 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRED W REAMS 216 CONFEDERATE CIR, CHARLESTON, SC 29407 | PRES/DIR | 1 | $0 |
| KAREN A REAMS 216 CONFEDERATE CIR, CHARLESTON, SC 29407 | VP/DIRECTOR | 1 | $0 |
| KAREN E SABOE 216 CONFEDERATE CIR, CHARLESTON, SC 29407 | SECRETARY/DIR | 15 | $0 |
| MATTHEW D REAMS 216 CONFEDERATE CIRCLE, CHARLESTON, SC 29407 | DIRECTOR | 20 | $0 |
| KRISTEN A CARTER 216 CONFEDERATE CIRCLE, CHARLESTON, SC 29407 | DIRECTOR | 1 | $0 |
| KIMBERLY A COLE 216 CONFEDERATE CIRCLE, CHARLESTON, SC 29407 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRED W REAMS 216 CONFEDERATE CIR, CHARLESTON, SC 29407 | PRES/DIR | 1 | $0 |
| KAREN A REAMS 216 CONFEDERATE CIR, CHARLESTON, SC 29407 | VP/DIRECTOR | 1 | $0 |
| KAREN E SABOE 216 CONFEDERATE CIR, CHARLESTON, SC 29407 | SECRETARY/DIR | 15 | $0 |
| MATTHEW D REAMS 216 CONFEDERATE CIRCLE, CHARLESTON, SC 29407 | DIRECTOR | 20 | $0 |
| KRISTEN A CARTER 216 CONFEDERATE CIRCLE, CHARLESTON, SC 29407 | DIRECTOR | 1 | $0 |
| KIMBERLY A COLE 216 CONFEDERATE CIRCLE, CHARLESTON, SC 29407 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 216 CONFEDERATE CIR, CHARLESTON, SC 29407-7429
- In care of
- % FRED W REAMS
- Signed the 990-PF
- Fred W Reams, PRESIDENT
- Phone
- (843) 303-0621
- Return prepared by
- Karen E Saboe
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 35-1933846
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Unknown (Z99Z)
- Assets (IRS master file)
- $37,601,025
- Income (IRS master file)
- $30,645,714
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $6,195,417 | $2,730,203 | $37,601,025 | XML |
| 990-PF | December 2024 | $1,313,450 | $2,113,693 | $36,371,012 | XML |
| 990-PF | December 2023 | $3,148,460 | $2,383,402 | $35,081,251 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | 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 35-1933846).
Questions about REAMS FOUNDATION INC
- What is the EIN of REAMS FOUNDATION INC?
- The employer identification number (EIN) of REAMS FOUNDATION INC is 35-1933846.
- Is REAMS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to REAMS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does REAMS FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of REAMS FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did REAMS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of REAMS FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does REAMS FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $6,195,417, expenses of $2,730,203 and total assets of $37,601,025 at year end.
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