Jonathan F Reichert Foundation Inc
- Assets
- $2.6m
- Revenue
- $54.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 04/2014
- Data as of
- 12/2023
- EIN
- 45-5312595
Organization Overview
Jonathan F Reichert Foundation Inc is located in Buffalo, NY. The organization was established in 2014. According to its NTEE Classification (U02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jonathan F Reichert Foundation Inc 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, Jonathan F Reichert Foundation Inc generated $54.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $78.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jonathan F Reichert Foundation Inc has awarded 97 individual grants totaling $387,136. 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 |
|---|---|---|---|
Jonathan F Reichert President An | 5 | $0 | |
Barabara Wolff-Reichert Secretary | 2 | $0 | |
Gabriel Spalding Vice Board C | 2 | $0 | |
Michael Salzman Teasurer | 2 | $0 | |
David Van Baak Board Member | 1 | $0 | |
Peter Collings Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $42,218 |
| Interest on Savings | $231 |
| Dividends & Interest | $10,246 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,153 |
| Capital Gain Net Income | $2,153 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $54,848 |
| 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 | $13,333 |
| Total operating and administrative expenses | $21,895 |
| Contributions, gifts, grants paid | $56,145 |
| Total expenses and disbursements | $78,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,284 |
| Savings and temporary cash investments | $930,214 |
| Net Accounts receivable | $24,821 |
| 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 | $1,642,452 |
| Total assets | $2,620,771 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $13,500 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,156 |
| Total liabilities | $15,656 |
Grants Awarded
Over the last fiscal year, Jonathan F Reichert Foundation Inc has awarded $56,145 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
SUNY COLLEGE PURPOSE: PURCHASE EQUIPMENT | $14,315 |
GEORGIA SOUTHERN PURPOSE: PURCHASE EQUIPMENT | -$1,002 |
THE BROCKPORT FOUNDATION PURPOSE: PURCHASE EQUIPMENT | $3,297 |
SIENA COLLEGE PURPOSE: PURCHASE EQUIPMENT | $718 |
KENYON COLLEGE PURPOSE: PURCHASE EQUIPMENT | $3,781 |
ILLINOIS WESLEYAN PURPOSE: PURCASE EQUIPMENT | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Council Of Engineering Companies Of New York Inc Albany, NY | $2,215,445 | $2,540,731 |
Mansfield Bio-Incubator Inc Mansfield, MA | $7,697,761 | $1,865,495 |
American Council Of Engineering Companies Of Nj Inc Trenton, NJ | $183,673 | $955,537 |
Jonathan F Reichert Foundation Inc Buffalo, NY | $2,620,771 | $54,848 |
Teknowledge Worldwide Corp Warminster, PA | $47,127 | $0 |
American Institute Of Chemists Inc Philadelphia, PA | $175,849 | $44,238 |
Medilytix Inc Lincoln, MA | $18,211 | $41,120 |
Tech For Every Child Inc Ossining, NY | $0 | $0 |
Dy Foundation Inc Boston, MA | $1,000 | $1,000 |