Reiter Charitable Foundation
- Assets
- $165.0k
- Revenue
- $4.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Pinehurst, NC
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-4571024
Organization Overview
Reiter Charitable Foundation is located in Pinehurst, NC. The organization was established in 2015. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reiter 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 12/2021, Reiter Charitable Foundation generated $4.8k 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 (35.2%) each year. All expenses for the organization totaled $19.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria P Reiter Trustee | 5 | $0 | |
Todd M Reiter Trustee | 5 | $0 | |
Anderw H Reiter Manager | 5 | $0 | |
Joseph M Reiter Manager | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,797 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $40 |
| Capital Gain Net Income | $40 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,837 |
| 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 | $5,271 |
| Total operating and administrative expenses | $5,271 |
| Contributions, gifts, grants paid | $14,200 |
| Total expenses and disbursements | $19,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,699 |
| 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 | $152,345 |
| Total assets | $165,044 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | -$269 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | -$269 |
Grants Awarded
Over the last fiscal year, Reiter Charitable Foundation has awarded $14,200 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CALVARY LIFE FELLOWSHIP PURPOSE: CHARITABLE CONTRIBUTION | $6,000 |
Davidson, NC PURPOSE: CHARITABLE CONTRIBUTION | $4,000 |
NORTHERN MOORE FAMILY RESOURCE CENTER PURPOSE: CHARITABLE CONTRIBUTION | $3,000 |
DAILY HOPE PURPOSE: CHARITABLE CONTRIBUTION | $1,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Johnny Mac Soldiers Fund Inc Ashburn, VA | $3,599,907 | $5,224,033 |
Ujft Community Campus L L C Virginia Beach, VA | $22,712,202 | $1,877,122 |
Generations Inc Memphis, TN | $2,391,169 | $2,284,255 |
Francis P Chiaramonte Md Family Foundation Inc Alexandria, VA | $42,064,981 | $1,988,575 |
Special Operation Care Fund Inc Atlanta, GA | $332,687 | $2,251,151 |
Svdp Diocesan Council Of Charleston Simpsonville, SC | $683,288 | $1,824,626 |
A Step Ahead Foundation Inc Memphis, TN | $3,137,526 | $2,423,176 |
Autozoner Assistance Fund Inc Memphis, TN | $1,988,697 | $1,522,560 |
Children Of Restaurant Employees Woodstock, GA | $1,825,017 | $1,448,112 |
Jackson Emc Foundation Inc Jefferson, GA | $239,768 | $1,230,630 |
Richmond Fisher House Founation Richmond, VA | $1,722,892 | $357,614 |
The Mirza Family Foundation Herndon, VA | $9,452,035 | $5,003,144 |