Reynolds-Rencourt Foundation Inc
- Assets
- $659.1k
- Revenue
- $124.1k
- Investments
- $610.5k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 12/2000
- Data as of
- 06/2024
- EIN
- 51-0404246
Organization Overview
Reynolds-Rencourt Foundation Inc is located in Wilmington, DE. 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. Reynolds-Rencourt 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 06/2024, Reynolds-Rencourt Foundation Inc generated $124.1k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $65.0k during the year ending 06/2024. While expenses have increased by 6.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Reynolds-Rencourt Foundation Inc has awarded 162 individual grants totaling $367,000. 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 |
|---|---|---|---|
Polly Savage Mckeever Chairman/president | 2 | $0 | |
Cynthia R Farris Secretary/treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $11,340 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $112,713 |
| Capital Gain Net Income | $112,713 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $124,056 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $145 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $15,017 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $65,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,675 |
| 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 | $0 |
| Total assets | $659,149 |
| 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, Reynolds-Rencourt Foundation Inc has awarded $50,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CHRISTIANA CARE HEALTH SYSTEM ACE UNIT PURPOSE: GENERAL SUPPORT OF OPERATIONS | $10,000 |
DU PONT DE NEMOURS CEMETERY CO INC PURPOSE: GENERAL SUPPORT OF OPERATIONS | $6,000 |
HAGLEY MUSEUM ANNUAL FUND PURPOSE: GENERAL SUPPORT OF OPERATIONS | $6,000 |
LONGWOOD GARDENS PURPOSE: GENERAL SUPPORT OF OPERATIONS | $10,000 |
564 PARK AVENUE PRESERVATION FOUNDATION PURPOSE: GENERAL SUPPORT OF OPERATIONS | $3,000 |
DELAWARE MUSEUM OF NATURE AND SCIENCE PURPOSE: GENERAL SUPPORT OF OPERATIONS | $3,000 |