Nonprofit · EIN 86-2729435
GRAY REED FOUNDATION
Tax-exempt · DALLAS, TX 75201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $33,075 | $21,197 | $11,878 | $219,026 | $0 | $219,026 |
| December 31, 2023 | 990-EZ | $129,207 | $50,951 | $78,256 | $213,458 | $0 | $213,458 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $18,147
- Investment income
- $3,493
- Net gain from sales of assets
- $11,435
Expenses
- Grants and similar amounts paid
- $19,512
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $1,685
- Program services (functional)
- $19,512
Balance sheet and other
- Total assets, start of year
- $213,458
- Total assets, end of year
- $219,026
- Total liabilities, end of year
- $0
- Net assets, end of year
- $219,026
- Cash, savings and investments
- $49,020
- Gross receipts
- $78,373
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK GARGIULO | PRESIDENT/TREASURER | 1 | $0 |
| DARRELL ARMER | SECRETARY | 1 | $0 |
| JAMES GARY GRAY | CHAIRMAN | 1 | $0 |
| GLEN EICHELBERGER | VICE CHAIRMAN/ASST. TREASURER | 1 | $0 |
| MICHAEL BLACHLY | VICE PRESIDENT/ASST. SECRETARY | 1 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK GARGIULO | PRESIDENT/TREASURER | 1 | $0 |
| DARRELL ARMER | SECRETARY | 1 | $0 |
| JAMES GARY GRAY | CHAIRMAN | 1 | $0 |
| GLEN EICHELBERGER | VICE CHAIRMAN/ASST. TREASURER | 1 | $0 |
| MICHAEL BLACHLY | VICE PRESIDENT/ASST. SECRETARY | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1845 WOODALL RODGERS FWY STE 1300, DALLAS, TX 75201-2260
- In care of
- % DARRELL ARMER
- Signed the 990-EZ
- MARK GARGIULO, PRESIDENT
- Phone
- (713) 986-7000
- Website
- WWW.GRAYREEDFOUNDATION.ORG
- Return prepared by
- RSM US LLP
Mission
TO PROMOTE COMMUNITY INVOLVEMENT AND PHILANTHROPY BY SUPPORTING CHARITABLE ORGANIZATIONS WHERE THE GRAY REED TEAM INVESTS THEIR OWN MONEY AND TIME.
Program accomplishments
- THE GRAY REED FOUNDATION FOSTERS PHILANTHROPY AND COMMUNITY ENGAGEMENT BY SUPPORTING IRS-RECOGNIZED 501(C)(3) CHARITABLE ORGANIZATIONS THROUGH A MATCHING CONTRIBUTION PROGRAM. EACH ATTORNEY OR STAFF MEMBER MAY REQUEST UP TO $2,000 ANNUALLY IN MATCHING GIFTS, SUBJECT TO REVIEW AND APPROVAL BY THE FOUNDATION'S DIRECTORS VIA A MATCH REQUEST FORM. INELIGIBLE ORGANIZATIONS INCLUDE POLITICAL ENTITIES, RELIGIOUS ORGANIZATIONS (UNLESS MEETING SPECIFIC SECULAR ACCESS CRITERIA), EDUCATIONAL INSTITUTIONS WITHOUT SCHOLARSHIPS/ENDOWMENTS, DONOR-ADVISED FUNDS, PRIVATE FOUNDATIONS, AND ORGANIZATIONS VIOLATING GRAY REED'S NON-DISCRIMINATION POLICY OR US ANTI-TERRORISM LAWS. THE FOUNDATION ALSO ACCEPTS TAX-DEDUCTIBLE GIFTS FROM EMPLOYEES, PARTNERS, CLIENTS, AND OTHER DONORS, WITH MAJOR GIFTS REQUIRING PRIOR APPROVAL.Expenses $19,512
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 86-2729435
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $219,026
- Income (IRS master file)
- $78,373
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $33,075 | $21,197 | $219,026 | IRS |
| 990-EZ | December 2023 | $129,207 | $50,951 | $213,458 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | 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 86-2729435).
Questions about GRAY REED FOUNDATION
- What is the EIN of GRAY REED FOUNDATION?
- The employer identification number (EIN) of GRAY REED FOUNDATION is 86-2729435.
- Is GRAY REED FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to GRAY REED FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GRAY REED FOUNDATION 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 GRAY REED FOUNDATION 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 GRAY REED FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of GRAY REED FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does GRAY REED FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $33,075, expenses of $21,197 and total assets of $219,026 at year end.
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