The Nick Reinhart Foundation
- Assets
- $349.3k
- Revenue
- $8.8k
- Investments
- $233.1k
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 01/2005
- Data as of
- 12/2022
- EIN
- 20-2077453
Organization Overview
The Nick Reinhart Foundation is located in Cincinnati, OH. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nick Reinhart Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Nick Reinhart Foundation generated $8.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (31.7%) each year. All expenses for the organization totaled $18.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
KIDS ACROSS AMERICA FOUNDATION; BRANSON MO; GRANT TO SUPPORT SUMMER RELIGIOUS EDUCATION EXPERIENCES AND SCHOLARSHIPS FOUNDATION INVOLVEMENT ONLY IN MAKING THIS GRANT
AUSTIN COMMUNITY FOUNDATION; AUSTIN TX; GRANT SUPPORTS SCHOLARSHIP PROGRAM IN COMMUNITY FOUNDATION INVOLVEMENT ONLY IN MAKING THIS GRANT
UNIV. OF THE CUMBERLANDS; WILLIAMSBURG KY; GRANT SUPPORTS EDUCATIONAL PROGRAM EXPENSE FOUNDATION INVOLVEMENT ONLY IN MAKING THIS GRANT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard N Reinhart Trustee | 2 | $0 | |
Kathleen L Reinhart Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $800 |
| Interest on Savings | $2,916 |
| Dividends & Interest | $5,035 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,751 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $168 |
| Total operating and administrative expenses | $268 |
| Contributions, gifts, grants paid | $18,300 |
| Total expenses and disbursements | $18,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $116,197 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $349,339 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Nick Reinhart Foundation has awarded $18,300 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KIDS ACROSS AMERICA FOUNDATION PURPOSE: SCHOLARSHIP PROGRAM | $7,100 |
AUSTIN COMMUNITY FOUNDATION PURPOSE: SCHOLARSHIP PROGRAM | $11,000 |
UNIVERSITY OF THE CUMBERLANDS PURPOSE: EDUCATION PROGRAM | $200 |