Frank & Evelyn Rechpzigel Family Foundation
- Assets
- $662.7k
- Revenue
- -$734.3k
- Investments
- $240.9k
- Employees
- 0
- Location
- Lakeville, MN
- Founding
- 06/1999
- Data as of
- 12/2020
- EIN
- 41-1889747
Organization Overview
Frank & Evelyn Rechpzigel Family Foundation is located in Lakeville, MN. The organization was established in 1999. 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. Frank & Evelyn Rechpzigel 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.
Since 2015, Frank & Evelyn Rechpzigel Family Foundation has awarded 32 individual grants totaling $203,500. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PRIMARILY PROMOTES CHARITABLE, RELIGIOUS, HUMAN SERVICE, AND EDUCATIONAL ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald J Rechtzigel Director | 0 | $0 | |
Carla C Rechtzigel Director | 0 | $0 | |
Gene Rechtzigel President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $98 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$734,366 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $931 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$734,268 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $304 |
| Contributions, gifts, grants paid | $75,500 |
| Total expenses and disbursements | $75,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $421,819 |
| 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 | $240,866 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $662,685 |
| 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 | $1 |
| Total liabilities | $1 |
Grants Awarded
Over the last fiscal year, Frank & Evelyn Rechpzigel Family Foundation has awarded $75,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Tallulah Falls, GA PURPOSE: SERVING HUNGRY | $30,000 |
Rosemount, MN PURPOSE: RELIGIOUS | $12,500 |
Wayne, PA PURPOSE: RELIGIOUS | $9,000 |
MIDCURRENT CHURCH PURPOSE: RELIGIOUS | $6,000 |
NAVIGATORS FOR DISCIPLING PURPOSE: RELIGIOUS | $5,000 |
OPEN ARMS OF MN PURPOSE: GENERAL CHARITABLE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
3m Foundation St Paul, MN | $11,832,463 | $7,120,220 |
Richard O Jacobson Foundation Inc Des Moines, IA | $24,841,991 | $13,826,505 |
The Ceres Trust Milwaukee, WI | $8,473,497 | $7,541,315 |
New Jci Foundation Inc Milwaukee, WI | $45,616,522 | $3,307,387 |
Hugh J Andersen Foundation Bayport, MN | $156,260,583 | $11,255,430 |
Hall-Perrine Foundation Cedar Rapids, IA | $140,581,654 | $14,980,430 |
Dohmen Company Foundation Inc Milwaukee, WI | $0 | $9,439,356 |
Xcel Energy Foundation Minneapolis, MN | $11,307,736 | $67,424 |
Patrick & Aimee Butler Family Foundation St Paul, MN | $109,951,624 | $8,639,825 |
Mead Witter Foundation Inc Wisconsin Rapids, WI | $51,357,757 | $5,357,467 |
Comer Science And Education Foundation Waukesha, WI | $78,906,538 | $1,965,731 |