Reitz Benevolent Trust
- Assets
- $914.9k
- Revenue
- $125.3k
- Investments
- $914.9k
- Employees
- 0
- Location
- Evansville, IN
- Founding
- 07/1972
- Data as of
- 12/2023
- EIN
- 35-6020347
Organization Overview
Reitz Benevolent Trust is located in Evansville, IN. The organization was established in 1972. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Reitz Benevolent Trust 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, Reitz Benevolent Trust generated $125.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $45.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,403 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $104,742 |
| Capital Gain Net Income | $104,742 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $163 |
| Total Revenue | $125,308 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,969 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,165 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4 |
| Total operating and administrative expenses | $14,138 |
| Contributions, gifts, grants paid | $31,000 |
| Total expenses and disbursements | $45,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $914,868 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $914,868 |
| 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, Reitz Benevolent Trust has awarded $31,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST MEINRAD ARCHABBEY PURPOSE: PROGRAM SUPPORT | $4,430 |
CATHOLIC DIOCESE OF EVANSVILLE PURPOSE: PROGRAM SUPPORT | $26,570 |