Martha C Reith Charitable Foundation
- Assets
- $1.8m
- Revenue
- $111.0k
- Investments
- $1.7m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 10/2000
- Data as of
- 12/2023
- EIN
- 35-6704341
Organization Overview
Martha C Reith Charitable Foundation is located in Chicago, IL. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Martha C Reith Charitable 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, Martha C Reith Charitable Foundation generated $111.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $135.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Martha C Reith Charitable Foundation has awarded 50 individual grants totaling $862,463. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $59,534 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $50,706 |
| Capital Gain Net Income | $50,706 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $759 |
| Total Revenue | $110,999 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $34,399 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,530 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $35,929 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $135,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,699 |
| Savings and temporary cash investments | $48,465 |
| 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 | $116,511 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,788,010 |
| 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, Martha C Reith Charitable Foundation has awarded $100,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
PURDUE FOUNDATION PURPOSE: GENERAL OPERATING | $5,000 |
GOSHEN COMMUNITY SCHOOLS FOUNDATION INC PURPOSE: GENERAL OPERATING | $10,000 |
DEPAUW UNIVERSITY PURPOSE: GENERAL | $50,000 |
PURDUE FOR LIFE FOUNDATION PURPOSE: GENERAL OPERATING | $5,000 |
WHITE PIGEON CARE NETWORK PURPOSE: GENERAL | $15,000 |
AGAPE THERAPEUTIC RIDING RESOURCES PURPOSE: GENERAL | $15,000 |