JACK REID FOUNDATION

EIN: 931411969 501(c)(3) Philanthropy & Grantmaking

NEW YORK, NY

Total Revenue
$2,170,419
Total Expenses
$592,238
Total Assets
$1,578,181
Net Assets
$1,578,181
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Organization Details

Formation Year
2023
Legal Domicile
DE
Phone
9178566216
Tax Period
2023-04-12 to 2023-12-31

JACK REID FOUNDATION, founded in 2023, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.2M in total revenue in fiscal year 2023. The organization ran a surplus of $1.6M, a strong 73% operating margin.

Mission

FORM 990, PART III, LINE 1 - ORGANIZATION MISSIONThe Jack Reid Foundation (JRF) is a public charity dedicated to preventing bullying in schools through advocacy, education, and legislative reform. It was founded in April 2023, a year after the tragic loss of Jack Reid, a kind, compassionate, and dedicated seventeen-year-old high-school junior, whose life was cut short after ongoing bullying and cruel behavior by his classmates at school. We are committed to ensuring that no other child endures the cruelty and anguish that Jack experienced. We believe the only way to impact bullying is to positively change schools culture and community environment. Our approach focuses on employing evidence-based, anti-bullying strategies and initiatives to educate schools, parents, and communities about more effective bullying-prevention policies and practices. By addressing the systemic issues that allow bullying to persist, we aim to create a safe environment so that no other child faces the same fat

Program Service Accomplishments

Program 1
Expenses: $589,562

The Jack Reid Foundations activities in 2023 focused its efforts on raising awareness about bullying. Following our April launch, we initiated a Listening Tour, engaging with researchers and...

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The Jack Reid Foundations activities in 2023 focused its efforts on raising awareness about bullying. Following our April launch, we initiated a Listening Tour, engaging with researchers and academics, social emotional learning (SEL) providers, and school leaders to explore the latest research and best practices in the anti-bullying space. These conversations informed our programmatic strategy, which included writing op-eds to highlight effective bullying prevention strategies, attending the World Anti-Bullying Forum, and developing a strategy to advocate for stronger legal protections for students.LISTENING TOURAfter launching the JRF in 2023, we embarked on a Listening Tour, speaking with bullying-prevention experts, academics, researchers, social-emotional learning providers, and administrators from secondary schools across the country. The more than 100 conversations that we have had to date (as of October 15, 2024) provided invaluable insights into proven methods for combating bullying and helped shape the ongoing development of JRFs programs.AWARENESS AND EDUCATIONIn 2023, we worked to raise awareness about bullying through the media and with the launch of our website, www.jackreidfoundation.org, which serves as a resource hub for parents, school administrators, and community members, offering information and tools to address bullying effectively. In May 2023, JRF founders Elizabeth and Bill Reid shared Jacks story and the importance of addressing bullying with Good Morning America and ABC Nightline. Their story was also featured by major outlets including The New York Times, New York Post, CNN, and The Independent.In September 2023, the Reids authored an op-ed in USA Today titled Bullying at school cost our son his life. Heres how you can protect your own child, urging parents to take an active role in protecting their children from bullying. In October 2023, the Reids attended the World Anti-Bullying Forum, further advancing the work of the JRF.PUBLIC POLICY AND LEGISLATIVE ADVOCACYIn 2023, JRF analyzed state anti-bullying laws and initiated discussions with lawmakers in New York, advocating for expanded protections that include non-public school students. In preparation for lobbying efforts during the 2024 New York State legislative session, JRF filed IRS Form 5768 in November 2023 to elect Section 501(h) status and retained a lobbying firm in December 2023.Through these efforts, JRF aims to ensure that all students across the U.S. are equally protected from the devastating effects of bullying. We have continued our Listening Tour, public advocacy and working with experts in the field during 2024.(FORM 990, PART IX, LINE 11B)The JRF received $2,000,000 as part of a settlement agreement related to the death of Jack Reid. Pursuant to a contractual arrangement, $500,000 of that settlement amount was paid to the attorneys for the legal fees relating to the negotiation of the settlement.

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Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $148,846
Program Service Revenue $0
Investment Income $21,573
Other Revenue $2,000,000
TOTAL REVENUE $2,170,419

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $455
Program Expenses $589,562
Other Expenses $592,238
TOTAL EXPENSES $592,238

Year-over-Year Comparison

2023 2022 Change
Revenue $2,170,419 N/A N/A
Expenses $592,238 N/A N/A
Net Income $1,578,181 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
1
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Elizabeth Reid President 10.00
Officer Director
$0 $0 $0
William Reid Treas. and Sec. 10.00
Officer Director
$0 $0 $0
Richard Davis Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,170,419 $592,238 $1,578,181 $1,578,181
2023 $2,170,419 $592,238 $1,578,181 $1,578,181
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