Barbara M Rieg Memorial Trust Foundation
- Assets
- $569.2k
- Revenue
- $18.1k
- Investments
- $554.6k
- Employees
- 0
- Location
- Reno, NV
- Founding
- 09/2010
- Data as of
- 12/2022
- EIN
- 26-3488901
Organization Overview
Barbara M Rieg Memorial Trust Foundation is located in Reno, NV. The organization was established in 2010. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Barbara M Rieg Memorial Trust 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, Barbara M Rieg Memorial Trust Foundation generated $18.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $45.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Barbara M Rieg Memorial Trust Foundation has awarded 28 individual grants totaling $237,806. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11 |
| Dividends & Interest | $15,863 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,239 |
| Capital Gain Net Income | $2,239 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,113 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $530 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,860 |
| Contributions, gifts, grants paid | $34,812 |
| Total expenses and disbursements | $45,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,626 |
| 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 | $569,217 |
| 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, Barbara M Rieg Memorial Trust Foundation has awarded $34,812 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CATHEDRAL OF THE BLESSED SACRAMENT PURPOSE: DONATION FOR GENERAL SUPPORT | $8,703 |
SAINT CATHERINES OF SIENNA PURPOSE: DONATION FOR GENERAL SUPPORT | $8,703 |
FRANCISCAN FRIARS PURPOSE: DONATION FOR GENERAL SUPPORT | $8,703 |
SISTERS OF ST ANN PURPOSE: DONATION FOR GENERAL SUPPORT | $8,703 |