Form990-PF
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Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 07-01-2021 , and ending 06-30-2022
Name of foundation
The Reis Foundation Inc
 
Number and street (or P.O. box number if mail is not delivered to street address)10045 Baltimore National Pike A7310
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Ellicott City, MD21042
A Employer identification number

31-1486993
B Telephone number (see instructions)

(310) 418-4552
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$20,687,194J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 85,325 85,325  
4 Dividends and interest from securities... 290,285 290,285  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 611,294
b Gross sales price for all assets on line 6a 2,162,188
7 Capital gain net income (from Part IV, line 2)... 611,294
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 986,904 986,904  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 594     594
b Accounting fees (attach schedule)....... Click to see attachment 6,737 3,368   3,369
c Other professional fees (attach schedule).... Click to see attachment 43,076     43,076
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 25,768 3,677    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 8,822 1,672   7,150
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 84,997 8,717   54,189
25 Contributions, gifts, grants paid....... 2,962,500 2,962,500
26 Total expenses and disbursements. Add lines 24 and 25 3,047,497 8,717   3,016,689
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,060,593
b Net investment income (if negative, enter -0-) 978,187
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 139,636 97,403 97,403
2 Savings and temporary cash investments......... 5,030,945 2,738,134 2,738,134
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet500,000
Less: allowance for doubtful accounts bullet   350,000 Click to see attachment500,000 500,000
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 2 Click to see attachment2 2
b Investments—corporate stock (attach schedule)....... 5,372,653 Click to see attachment5,526,838 12,645,794
c Investments—corporate bonds (attach schedule)....... 5,132,593 Click to see attachment5,106,859 4,705,861
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 16,025,829 13,969,236 20,687,194
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)   Click to see attachment4,000
23 Total liabilities (add lines 17 through 22).........   4,000
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 16,025,829 13,965,236
29 Total net assets or fund balances (see instructions)..... 16,025,829 13,965,236
30 Total liabilities and net assets/fund balances (see instructions). 16,025,829 13,969,236
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
16,025,829
2
Enter amount from Part I, line 27a .....................
2
-2,060,593
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
13,965,236
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
13,965,236
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a JP Morgan Publicly Traded Securities P 2019-01-01 2021-12-31
b Morgan Stanley Publicly Traded Security P 2019-01-01 2021-12-31
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,500,000   1,500,108 -108
b 662,188   50,786 611,402
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -108
b       611,402
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 611,294
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 13,597
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 13,597
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 34,400
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 34,400
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 20,803
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet20,803 RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletFL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletPamela Reis Telephone no.bullet (310) 418-4552

    Located atbullet10045 Baltimore National Pike A7310Ellicott CityMD ZIP+4bullet210423673
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Perryn Reis Vice President
    2.00     		0    
    10045 Baltimore National Pike
    Ellicott City,MD210423673
    Blythe G Reis Secretary
    2.00     		0    
    10045 Baltimore National Pike
    Ellicott City,MD210423673
    Pamela P Reis President
    4.00     		0    
    10045 Baltimore National Pike
    Ellicott City,MD210423673
    Kyle C Reis Chairman & Trea
    2.00     		0    
    10045 Baltimore National Pike
    Ellicott City,MD210423673
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    19,633,772
    b
    Average of monthly cash balances.......................
    1b
    4,178,508
    c
    Fair market value of all other assets (see instructions)................
    1c
    468,750
    d
    Total (add lines 1a, b, and c).........................
    1d
    24,281,030
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    24,281,030
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    364,215
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    23,916,815
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,195,841
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    1,195,841
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    13,597
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    13,597
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,182,244
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,182,244
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    1,182,244
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 1,182,244
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 179,600
    b From 2017...... 284,754
    c From 2018...... 29,063
    d From 2019...... 479,829
    e From 2020...... 1,101,472
    f Total of lines 3a through e ........ 2,074,718
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 3,016,689
    a Applied to 2020, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 1,182,244
    e Remaining amount distributed out of corpus 1,834,445
    5 Excess distributions carryover applied to 2021.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 3,909,163
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		179,600
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		3,729,563
    10 Analysis of line 9:
    a Excess from 2017.... 284,754
    b Excess from 2018.... 29,063
    c Excess from 2019.... 479,829
    d Excess from 2020.... 1,101,472
    e Excess from 2021.... 1,834,445
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    IDEOorg
    444 Spear Street Suite 213
    San Francisco,CA94105     		Board PC Design & society 10,000
    Public Knowledge
    1818 N Street NW
    Washington,DC20036     		NONE PC Vulnerable peoples 25,000
    Advocates for Youth
    1325 G Street NW Suite 980
    Washington,DC20005     		NONE PC Sexual Health & Reproductive Justice 5,000
    International Documentary Association
    3600 Wilshire Blvd Suite 1810
    Los Angeles,CA90010     		NONE PC Artists, Justice & Society 2,500
    United States Artists
    200 W Madison Street
    Chicago,IL60606     		NONE PC Artists, Justice & Society 130,000
    Womens Earth and Climate Caucus
    20 Sunnyside Ave Ste A438
    Mill Valley,CA94941     		NONE PC Environmental Justice 100,000
    Girls for a Change
    100 Buford Road
    North Chesterfield,VA23235     		NONE PC Educational Equity 100,000
    Companies for Causes
    1899 L Street NW
    Washington,DC20036     		NONE PC Vulnerable Peoples 25,000
    Los Angeles Master Chorale
    135 North Grand Avenue
    Los Angeles,CA90012     		NONE PC Artists, Justice & Society 15,000
    Barrier Aung
    506 East Ridgewood Avenue
    Ridgewood,NJ07450     		NONE PC Design & Society 15,000
    350ORG
    20 Jay Street Ste 732
    Brooklyn,NY11201     		NONE PC Environmental Justice 100,000
    Health Connected
    763 Green Street
    East Palo Alto,CA94303     		Staff PC Sexual Health & Reproductive Justice 50,000
    Mid Klamath Watershed Council
    PO Box 409
    Orleans,CA95556     		Board PC Environmental Justice 60,000
    South Coast Botanic Garden Foundation
    26300 Crenshaw Blvd
    Palos Verdes,CA90274     		Board PC Environmental Justice 250,000
    Humboldt Area Foundation
    363 Indianola Road
    Bayside,CA95525     		NONE PC Disaster Relief 140,000
    Klamath Forest Alliance
    274 Eastern Avenue
    Arcata,CA95521     		NONE PC Environmental Justice 5,000
    Food for People
    PO Box 4922
    Eureka,CA95502     		NONE PC Disaster Relief 5,000
    Southern California Public Radio
    424 S Raymond Ave
    Pasadena,CA91105     		NONE PC Artists, Justice & Society 10,000
    Figure Skating in Harlem
    361 W 125 Street Floor 4
    New York,NY10027     		NONE PC Educational Equity 10,000
    Mass Design Group
    334 Boylston St Ste 400
    Boston,MA02116     		NONE PC Design & Society 50,000
    Proteus Fund
    15 Research Drive Suite B
    Amherst,MA01002     		NONE PC Vulnerable Peoples 25,000
    Michigan Org on Adolescent Sexual Health
    PO Box 1386
    East Lansing,MI48826     		NONE PC Sexual Health & Reproductive Justice 25,000
    Native American Rights Fund
    1506 Broadway
    Boulder,CO80302     		NONE PC Vulnerable Peoples 100,000
    Education for Just Peace in Middle East
    PO Box 3609
    Washington,DC20027     		NONE PC Vulnerable Peoples 35,000
    Los Angeles Opera
    135 North Grand Avenue
    Los Angeles,CA90012     		NONE PC Artists, Justice & Society 10,000
    Public Media Group of Southern Californi
    3080 Bristol Streeet
    Costa Mesa,CA92626     		NONE PC Artists, Justice & Society 10,000
    Vision Maker Media
    1800 N33rd Street
    Lincoln,NE68503     		NONE PC Vulnerable Peoples 10,000
    San Francisco Marin Food Bank
    900 Pennsylvania Avenue
    San Francisco,CA94107     		NONE PC Disaster Response 10,000
    National AIDS Memorial
    PO Box 2270
    San Francisco,CA94126     		NONE PC Vulnerable Peoples 1,000
    San Francisco CASA
    2535 Mission Street
    San Francisco,CA94110     		NONE PC Vulnerable Peoples 10,000
    Chautauqua Region Community Foundation
    418 Spring Street
    Jamestown,NY14701     		NONE PC Philanthropy 10,000
    Chautauqua Foundation
    PO Box 28
    Chautauqua,NY14722     		NONE PC Artists, Justice & Society 10,000
    Huckleberry House
    3459 Geary Blvd Suite 107
    San Francisco,CA94118     		NONE PC Sexual Health & Reproductive Justice 10,000
    Two Feathers Native American Family
    1560 Betty Court Suite A
    McKinleyville,CA95519     		NONE PC Vulnerable Peoples 10,000
    Fair Count
    PO Box 70382
    Atlanta,GA30317     		NONE PC Vulnerable Peoples 10,000
    Environmental Protection Information Cen
    145 G Street
    Arcata,CA95521     		NONE PC Environmental Justice 10,000
    Haight Ashbury Food Program
    PO Box 70382
    Atlanta,GA30317     		NONE PC Vulnerable Peoples 4,000
    Oak Lake Writers Society
    500 Main Avenue 121
    Brookings,SD57006     		NONE PC Vulnerable Peoples 20,000
    Community Ecology Institute
    8000 Harriet Tubman Lane
    Columbia,MD21044     		NONE PC Environmental Justice 150,000
    First Nations Development Institute
    2432 Main Street
    Longmont,CO80501     		NONE PC Vulnerable Peoples 50,000
    National Immigration Law Center
    3450 Wilshire Boulevard
    Los Angeles,CA90010     		NONE PC Vulnerable Peoples 50,000
    Change Labs
    PO Box 1698
    Tuba City,AZ86045     		NONE PC Design & Society 100,000
    Luminus
    5999 Harpers Farm Rd Suite E200
    Columbia,MD21044     		NONE PC Vulnerable Peoples 75,000
    Muslim Family Center
    5796 Waterloo Road
    Columbia,MD21045     		NONE PC Vulnerable Peoples 25,000
    Common Counsel
    1624 Franklin St Ste 1022
    Oakland,CA94612     		NONE PC Disaster Response 100,000
    Common Cause Education Foundation
    805 15th St NW Ste 800
    Washington,DC20005     		NONE PC Disaster Response 100,000
    Environmental Defense Fund
    123 Mission Street
    San Francicso,CA94105     		NONE PC Environmental Justice 100,000
    EarthJustice
    50 California Street
    San Francisco,CA94111     		NONE PC Environmental Justice 100,000
    Center for Biological Diversity
    PO Box 710
    Tuscon,AZ85702     		NONE PC Environmental Justice 100,000
    Street Symphony Project Inc
    PO Box 86027
    Los Angeles,CA90086     		NONE PC Vulnerable Peoples 25,000
    Wiyot Tribe
    1000 Wiyot Drive
    Loleta,CA95551     		NONE GOV Vulnerable Peoples 50,000
    PRX
    PO Box 382234
    Cambridge,MA02238     		Board PC Artists, Justice & Society 10,000
    Pro Choice Ohio
    11811 Shaker Blvd Suite 210
    Cleveland,OH44120     		NONE PC Sexual Health & Reproductive Justice 100,000
    National Network of Abortion Funds
    9450 SW Gemini Drive PMB 16009
    Beaverton,OR97008     		NONE PC Sexual Health & Reproductive Justice 100,000
    If When How
    1714 Franklin Street 100-393
    Oakland,CA94612     		NONE PC Sexual Health & Reproductive Justice 100,000
    Hopewell Fund
    1828 L Street NW
    Washington,DC20036     		NONE PC Sexual Health & Reproductive Justice 100,000
    Root Cause Research Center CART
    203 North Clifton Ave Suite B
    Louisville,KY40206     		NONE PC Design & Society 75,000
    Eames Institute
    1251 San Antonio Road
    Petalum,CA94952     		NONE PC Design & Society 25,000
    Total .................................bullet 3a 2,962,500
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 85,325  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 611,294  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   986,904  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    986,904
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID: 21013475
    Software Version: 2021v4.1


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    The Reis Foundation Inc
    EIN:
    31-1486993
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 6,737 3,368 0 3,369

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    The Reis Foundation Inc
    EIN:
    31-1486993
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Name of Bond End of Year Book Value End of Year Fair Market Value
    2,050 Ford Motor Co 6.2000% 51,250 50,799
    500,000 Bank of Montreal Sr Glbl 500,000 483,658
    500,000 Capital One Bk USA Natl 502,431 499,586
    500,000 Goldman Sachs Group Inc 500,000 447,679
    500,000 Sumitomo Mitsui Banking 500,117 500,020
    50,000 Ford Motor Co 38,006 49,710
    500,000 CitiGroup Inc 500,000 463,632
    500,000 General Motors Financial (4.25%) 515,055 501,703
    500,000 National Rural Utils 500,000 458,795
    500,000 CitiGroup Inc (1.35%) 500,000 429,312
    500,000 Barclays Bank 500,000 397,739
    500,000 Goldman Sachs Group Inc (2.3%) 500,000 423,228

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    The Reis Foundation Inc
    EIN:
    31-1486993
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1,000 VMWARE Inc Class A 134,684 113,980
    4,800 Apple 82,583 656,256
    1,250 Walt Disney Co Hldg Co 67,668 118,000
    1,250 Home Depot 77,438 342,838
    1,306 Abbot Labs 51,447 141,897
    1,400 Broadcom Inc 308,676 680,134
    1,450 Xylem 45,649 113,361
    1,500 3M Company 171,409 194,115
    1,500 Johnson & Johnson 103,063 266,265
    1,500 LVMH Moet Hennessy Louis Vuitt 122,279 183,330
    1,680 Cigna Corp 129,687 442,714
    1,290 KLA Tencor 60,949 411,613
    200 Alphabet Inc Cl A 67,703 435,852
    2,000 Canadian National Railway 78,103 224,940
    2,000 Procter & Gamble 125,621 287,580
    2,200 Automatic Data 116,573 462,088
    2,200 Check Point Software Tech 193,661 267,916
    1,800 Stryker 98,541 358,074
    2,250 Okta Inc Cl A 169,545 203,400
    1,926 S&P Global Inc 89,752 649,178
    5,400 Nextera Energy 62,141 418,284
    2,000 Eli Lilly & Co. 84,170 648,460
    3,300 Sanofi 107,491 165,099
    3,500 Microsoft Corp 100,541 898,905
    10,000 Fortinet 63,823 565,800
    4,500 AT&T 91,480 94,320
    4,800 Pfizer 118,118 251,664
    5,000 Bristol-Myers 129,428 385,000
    5,400 Aflac Inc, 121,617 298,782
    600 Blackrock Inc 244,330 365,424
    7,000 Deutsche Tele 94,570 139,440
    7,940 Intel Corp 184,434 297,035
    8,000 American International 200,000 201,600
    8,000 AT&T Inc 200,000 165,520
    4,700 Corning Inc. 91,509 148,097
    7,500 Blackrock Cap Allocation 146,460 109,875
    12,785.71 Blackrock Innovation and Grw B 245,026 101,519
    1,000 Visa Inc Cl A 236,638 196,890
    1,088 Warner Bros Discovery 32,498 14,601
    7,500 Genl Amern Inv 187,320 193,862
    700 Master Card Inc 259,886 220,836
    4,000 Koninklijke Phil EL 99,743 86,120
    3,000 Bank of New York 130,584 125,130

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    The Reis Foundation Inc
    EIN:
    31-1486993
    Software ID:
    21013475
    Software Version:
    2021v4.1
    US Government Securities - End of Year Book Value:

    2
    US Government Securities - End of Year Fair Market Value:

    2
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2021 LegalFeesSchedule
    Name:
    The Reis Foundation Inc
    EIN:
    31-1486993
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 594 0 0 594


    TY 2021 OtherExpensesSchedule
    Name:
    The Reis Foundation Inc
    EIN:
    31-1486993
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Dues & Subscriptions 7,848 698   7,150
    Filing Fees 61 61    
    Investment Fees 789 789    
    Postage 124 124    


    TY 2021 OtherLiabilitiesSchedule
    Name:
    The Reis Foundation Inc
    EIN:
    31-1486993
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Description Beginning of Year - Book Value End of Year - Book Value
    Credit Card   4,000


    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2021 OtherNotesLoansRcvblLongSch
    Name:
    The Reis Foundation Inc
    EIN:
    31-1486993
    Software ID:
    21013475
    Software Version:
    2021v4.1

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    Oweesta Corporation None 250,000 250,000 2021-02 2026-02   100.00 % Unsecured     250,000
    TechSoup Global   100,000 250,000 2019-06 2024-06   500.00 % Promissory Note Funding Future Strategic Plans   250,000

    TY 2021 OtherProfessionalFeesSchedule
    Name:
    The Reis Foundation Inc
    EIN:
    31-1486993
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Consulting Fees 43,076 0 0 43,076


    TY 2021 TaxesSchedule
    Name:
    The Reis Foundation Inc
    EIN:
    31-1486993
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise Tax 22,091      
    Foreign Tax Withheld 3,677 3,677