Nonprofit · EIN 71-0933431
RAYMOND E AND BETTYE C REID FOUNDATION
Tax-exempt · AMARILLO, TX 79105
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | -$2,110 | $24,257 | -$26,367 | $218,191 | $105 | $218,086 |
| December 31, 2024 | 990-PF | $10,517 | $23,375 | -$12,858 | $244,562 | $109 | $244,453 |
| December 31, 2023 | 990-PF | $17,145 | $16,557 | $588 | $258,426 | $245 | $258,181 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $6,939
- Interest
- $1,350
- Net gain from sales of assets
- -$10,785
- Other income
- $386
Expenses
- Grants and similar amounts paid
- $13,221
- Compensation of officers, directors and key employees
- $7,816
- Disbursements for charitable purposes
- $13,221
- Excise tax on investment income
- $105
Balance sheet and other
- Total assets, start of year
- $244,562
- Total assets, end of year
- $218,191
- Total liabilities, end of year
- $105
- Net assets, end of year
- $218,086
- Fair market value of assets
- $190,610
- Qualifying distributions
- $13,221
- Net investment income
- $9,382
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 |
|---|---|---|---|
| RAYMOND E REID II 3 SARAZEN PLACE, AMARILLO, TX 79124 | PRESIDENT & DIRECTOR | 1 | $2,000 |
| DIANE REID 7570 E PLACITA VENTANA HAYES, TUCSON, AZ 85750 | SECRETARY & DIRECTOR | 1 | $2,000 |
| SHELLEY REID 3022 E PLACITA LOS SIETE ADOBES, TUCSON, AZ 85718 | TREASURER & DIRECTOR | 1 | $2,000 |
| LAWRENCE J KLEM PO BOX 82, AMARILLO, TX 791050082 | MANAGER | 1 | $1,816 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAYMOND E REID II 3 SARAZEN PLACE, AMARILLO, TX 79124 | PRESIDENT & DIRECTOR | 1 | $2,000 |
| DIANE REID 7570 E PLACITA VENTANA HAYES, TUCSON, AZ 85750 | SECRETARY & DIRECTOR | 1 | $2,000 |
| SHELLEY REID 3022 E PLACITA LOS SIETE ADOBES, TUCSON, AZ 85718 | TREASURER & DIRECTOR | 1 | $2,000 |
| LAWRENCE J KLEM PO BOX 82, AMARILLO, TX 791050082 | MANAGER | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAYMOND E REID II 3 SARAZEN PLACE, AMARILLO, TX 79124 | PRESIDENT & DIRECTOR | 1 | $1,000 |
| DIANE REID 7570 E PLACITA VENTANA HAYES, TUCSON, AZ 85750 | SECRETARY & DIRECTOR | 1 | $1,000 |
| SHELLEY REID 3022 E PLACITA LOS SIETE ADOBES, TUCSON, AZ 85718 | TREASURER & DIRECTOR | 1 | $1,000 |
| LAWRENCE J KLEM PO BOX 82, AMARILLO, TX 791050082 | MANAGER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 82, AMARILLO, TX 79105-0082
- In care of
- % LAWRENCE J KLEIM
- Signed the 990-PF
- LARRY KLEM, MANAGER
- Phone
- (806) 331-1987
- Return prepared by
- BROWN GRAHAM & COMPANY PC
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
- 71-0933431
- 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
- 2003
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $218,191
- Income (IRS master file)
- $72,422
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | -$2,110 | $24,257 | $218,191 | IRS |
| 990-T | December 2025 | – | – | – | IRS |
| 990-PF | December 2024 | $10,517 | $23,375 | $244,562 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $17,145 | $16,557 | $258,426 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | 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 71-0933431).
Questions about RAYMOND E AND BETTYE C REID FOUNDATION
- What is the EIN of RAYMOND E AND BETTYE C REID FOUNDATION?
- The employer identification number (EIN) of RAYMOND E AND BETTYE C REID FOUNDATION is 71-0933431.
- Is RAYMOND E AND BETTYE C REID FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to RAYMOND E AND BETTYE C REID FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does RAYMOND E AND BETTYE C REID FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of RAYMOND E AND BETTYE C REID FOUNDATION 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 RAYMOND E AND BETTYE C REID FOUNDATION 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 RAYMOND E AND BETTYE C REID FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 4 received compensation from the organization, the highest $2,000 (RAYMOND E REID II, PRESIDENT & DIRECTOR).
- How much revenue does RAYMOND E AND BETTYE C REID FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of -$2,110, expenses of $24,257 and total assets of $218,191 at year end.
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All nonprofits in AMARILLO · Texas · Philanthropy, voluntarism and grantmaking foundations