J Miles And Rosanne Reiter Family Foundation
- Assets
- $16.7m
- Revenue
- $5.2m
- Investments
- $12.4m
- Employees
- 0
- Location
- Watsonville, CA
- Founding
- 05/2009
- Data as of
- 12/2022
- EIN
- 26-1465091
Organization Overview
J Miles And Rosanne Reiter Family Foundation is located in Watsonville, CA. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. J Miles And Rosanne Reiter Family 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, J Miles And Rosanne Reiter Family Foundation generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 50.5% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 48.0% per year over the past 6 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 2014, J Miles And Rosanne Reiter Family Foundation has awarded 195 individual grants totaling $2,202,950. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Miles Reiter President And Director | 0.2 | $0 | |
Rosanne A Reiter Secretary And Director | 0.2 | $0 | |
Brad Hileman Vice President | 0.1 | $0 | |
Sydney K Reiter Foundation Manager | 20 | $37,739 | |
Julie Winfield CFO | 1.5 | $0 | |
Steve Stetz Audit Chairman | 0.3 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,823,819 |
| Interest on Savings | $0 |
| Dividends & Interest | $265,411 |
| Net Rental Income | $89,300 |
| Net Gain on Sale of Assets | $1,015,563 |
| Capital Gain Net Income | $1,015,563 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,194,093 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $47,739 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,455 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $944 |
| Printing and publications | $0 |
| Other expenses | $46,992 |
| Total operating and administrative expenses | $292,088 |
| Contributions, gifts, grants paid | $768,500 |
| Total expenses and disbursements | $1,060,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,280,800 |
| 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 | $1,566,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,627,027 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $442,418 |
| Total assets | $16,714,640 |
| 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, J Miles And Rosanne Reiter Family Foundation has awarded $768,500 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
ALS - ASSOCIATION GOLDEN WEST CHAPTER SYDNEY PURPOSE: GENERAL PURPOSE | $5,000 |
ALS - ASSOCIATION GOLDEN WEST CHAPTER SYDNEY PURPOSE: GENERAL PURPOSE | $10,000 |
AMERICAN RED CROSS PURPOSE: GENERAL PURPOSE | $5,000 |
BOYS AND GIRLS CLUB- REITER FAMILY YOUTH CENTER PURPOSE: GENERAL PURPOSE | $40,000 |
CABRILLO COLLEGE FOUNDATION PURPOSE: GENERAL PURPOSE | $10,000 |
CALIFORNIA TROUT PURPOSE: GENERAL PURPOSE | $1,000 |