Carol & Charles A Rini Sr Family Foundation
- Assets
- $1.4m
- Revenue
- $41.3k
- Investments
- $1.3m
- Employees
- 0
- Location
- Westlake, OH
- Founding
- 01/1997
- Data as of
- 12/2023
- EIN
- 34-1847507
Organization Overview
Carol & Charles A Rini Sr Family Foundation is located in Westlake, OH. The organization was established in 1997. 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. Carol & Charles A Rini Sr 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 12/2023, Carol & Charles A Rini Sr Family Foundation generated $41.3k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $478.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Carol & Charles A Rini Sr Family Foundation has awarded 125 individual grants totaling $1,759,600. 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 |
|---|---|---|---|
Carol Ann Rini Trustee | 2 | $0 | |
Charles A Rini Jr Trustee | 1 | $0 | |
Christine A Rini Slyman Trustee | 1 | $0 | |
Nicole A Rini Trustee | 1 | $0 | |
Theresa A Rini Simms Trustee | 1 | $0 | |
Thomas M Rini Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,464 |
| Dividends & Interest | $28,860 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,365 |
| Capital Gain Net Income | $3,365 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,589 |
| Total Revenue | $41,278 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,237 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $53,160 |
| Contributions, gifts, grants paid | $425,000 |
| Total expenses and disbursements | $478,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,772 |
| 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 | $1,374,380 |
| 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, Carol & Charles A Rini Sr Family Foundation has awarded $425,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CLEVELAND CLINIC FOUNDATION PURPOSE: GENERAL NEEDS OR PURPOSE | $100,000 |
CLEVELAND CLINIC CHILDREN'S PURPOSE: GENERAL NEEDS OR PURPOSE | $10,000 |
MAGNIFICAT HIGH SCHOOL PURPOSE: GENERAL NEEDS OR PURPOSE | $15,000 |
ST ANGELA MERICI CHURCH PURPOSE: GENERAL NEEDS OR PURPOSE | $25,000 |
ST EDWARD HIGH SCHOOL PURPOSE: GENERAL NEEDS OR PURPOSE | $5,000 |
ST IGNATIUS HIGH SCHOOL PURPOSE: GENERAL NEEDS OR PURPOSE | $250,000 |