Reinhart Foundation
- Assets
- $40.7m
- Revenue
- $526.9k
- Investments
- $37.2m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 09/2000
- Data as of
- 12/2023
- EIN
- 54-2001451
Organization Overview
Reinhart Foundation is located in Richmond, VA. 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. Reinhart 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, Reinhart Foundation generated $526.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Reinhart Foundation has awarded 244 individual grants totaling $10,699,833. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William L Reinhart President | 2 | $0 | |
Cynthia R Richards Secretary/treasurer | 2 | $0 | |
Christopher R Richards Vice President | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kennedy Capital Management Inc | 12/30/21 | $77,627 |
Bank Of America | 12/30/21 | $63,128 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $71,080 |
| Dividends & Interest | $883,819 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$430,029 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,078 |
| Total Revenue | $526,948 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $34,640 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,854 |
| Total operating and administrative expenses | $251,009 |
| Contributions, gifts, grants paid | $1,398,979 |
| Total expenses and disbursements | $1,649,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,526,568 |
| 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 | $65,549 |
| Total assets | $40,745,780 |
| 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, Reinhart Foundation has awarded $1,398,979 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
BARNARD COLLEGE PURPOSE: CLASS OF '73 CHALLENGE ($35,000); CYNTHIA REINHART RICHARDS '73 JOURNALISM INTERNSHIP PROGRAM ($250,000) | $285,000 |
BOAZ & RUTH PURPOSE: GENERAL PURPOSES | $10,000 |
BON SECOURS RICHMOND HEALTH CARE FOUNDATION PURPOSE: ROCKIN THE AVENUES EVENT ($25,000); NEW INTENSIVE CARE AMBULANCE AT ST. MARYS HOSPITAL ($5,000) | $30,000 |
BOYS & GIRLS CLUBS OF METRO RICHMOND PURPOSE: GENERAL PURPOSES | $20,000 |
BYRD THEATRE FOUNDATION PURPOSE: GENERAL PURPOSES | $15,000 |
CADENCE THEATRE COMPANY PURPOSE: GENERAL PURPOSES | $10,000 |