John C And Bernice A Rieg Charitable Foundation Inc
- Assets
- $2.5m
- Revenue
- $251.9k
- Investments
- $2.5m
- Employees
- 0
- Location
- Hartford, CT
- Founding
- 05/1987
- Data as of
- 12/2022
- EIN
- 22-2796673
Organization Overview
John C And Bernice A Rieg Charitable Foundation Inc is located in Hartford, CT. The organization was established in 1987. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John C And Bernice A Rieg Charitable Foundation Inc 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, John C And Bernice A Rieg Charitable Foundation Inc generated $251.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $168.4k during the year ending 12/2022. While expenses have increased by 0.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, John C And Bernice A Rieg Charitable Foundation Inc has awarded 151 individual grants totaling $895,174. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James T Betts President/treasurer | 1 | $0 | |
Laura Ann Smith Grande Vice President/assit. Secr | 1 | $0 | |
Bryon W Harmon Vice President/secretary | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,481 |
| Dividends & Interest | $75,509 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $173,908 |
| Capital Gain Net Income | $173,908 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $251,898 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,320 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $59,420 |
| Contributions, gifts, grants paid | $108,936 |
| Total expenses and disbursements | $168,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $0 |
| 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 | $2,511,499 |
| 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, John C And Bernice A Rieg Charitable Foundation Inc has awarded $108,936 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON COLLEGE PURPOSE: TUITION SCHOLARSHIP | $10,000 |
EASTERN CONNECTICUT STATE UNIVERSITY PURPOSE: TUITION SCHOLARSHIP | $1,500 |
FORDHAM UNIVERSITY PURPOSE: TUITION SCHOLARSHIP | $1,500 |
GENEVA COLLEGE PURPOSE: TUITION SCHOLARSHIP | $4,000 |
HOWARD UNIVERSITY PURPOSE: TUITION SCHOLARSHIP | $3,000 |
NEW YORK UNIVERSITY PURPOSE: TUITION SCHOLARSHIP | $4,000 |