The Reuter Foundation
- Assets
- $10.7m
- Revenue
- -$417.2k
- Investments
- $9.5m
- Employees
- 0
- Location
- Middleburg Hts, OH
- Founding
- 04/1994
- Data as of
- 11/2023
- EIN
- 34-1766081
Organization Overview
The Reuter Foundation is located in Middleburg Hts, OH. The organization was established in 1994. 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. Reuter 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 11/2023, Reuter Foundation generated -$417.2k 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 (31.3%) each year. All expenses for the organization totaled $672.8k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Reuter Foundation has awarded 120 individual grants totaling $2,233,192. 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 |
|---|---|---|---|
Robert A Reuter President | 0 | $0 | |
Heidi Paul Secretary | 0 | $0 | |
Gretchen Bowen Vice Pres | 0 | $0 | |
Christopher Reuter Treasurer | 0 | $0 | |
Matthew Bowen Trustee | 0 | $0 | |
Richard F Sofka Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $32,315 |
| Interest on Savings | $41,734 |
| Dividends & Interest | $194,203 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$448,592 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$236,844 |
| Total Revenue | -$417,184 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $24,242 |
| Pension plans, employee benefits | $2,099 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $692 |
| Printing and publications | $0 |
| Other expenses | $73,239 |
| Total operating and administrative expenses | $100,272 |
| Contributions, gifts, grants paid | $572,500 |
| Total expenses and disbursements | $672,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,174,351 |
| 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 | $2,913,340 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,674,185 |
| 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 Reuter Foundation has awarded $572,500 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER CLEVELAND FOOD BANK PURPOSE: CHARITABLE | $14,000 |
CARE USA PURPOSE: CHARITABLE | $20,000 |
BUILDING HOPE IN THE CITY PURPOSE: CHARITABLE | $2,000 |
CLEVELAND FURNITURE BANK PURPOSE: CHARITABLE | $1,000 |
CATHOLIC WORLD MISSION PURPOSE: CHARITABLE | $1,000 |
COLLEGE NOW GREATER CLEVELAND PURPOSE: CHARITABLE | $75,000 |