Reinsch Pierce Family Foundation Inc
- Assets
- $17.2m
- Revenue
- $2.6m
- Investments
- $17.0m
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 02/2004
- Data as of
- 12/2023
- EIN
- 56-2402165
Organization Overview
Reinsch Pierce Family Foundation Inc is located in Arlington, VA. The organization was established in 2004. 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. Reinsch Pierce Family 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, Reinsch Pierce Family Foundation Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 22.1% per year over the past 5 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 2020, Reinsch Pierce Family Foundation Inc has awarded 461 individual grants totaling $5,489,676. 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
THE FOUNDATION DOES NOT DIRECTLY PERFORM CHARITABLE ACTIVITIES, BUT PROVIDES GRANTS TO SUPPORT NUMEROUS CHARITABLE ORGANIZATIONS. THE FOUNDATION CONTRIBUTED TO 101 ORGANIZATIONS IN 2023. THE THREE LARGEST TO RECEIVE GRANTS IN 2023 WERE THE VHC HEALTH FOUNDATION $500,000, INOVA HEALTH FOUNDATION $500,000 AND MARYMOUNT UNIVERSITY $710,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lola C Reinsch Trustee, President | 2 | $0 | |
Sidney G Simmonds Trustee | 0.1 | $0 | |
Guy Gotts Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,950,334 |
| Interest on Savings | $9,495 |
| Dividends & Interest | $327,432 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $316,851 |
| Capital Gain Net Income | $316,851 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,604,112 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $332 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $24,073 |
| Printing and publications | $0 |
| Other expenses | $2,281 |
| Total operating and administrative expenses | $33,686 |
| Contributions, gifts, grants paid | $2,154,034 |
| Total expenses and disbursements | $2,187,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,401 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $35,040 |
| 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 | $5,740 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $28,464 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,237,918 |
| Accounts payable and accrued expenses | $31,236 |
| 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 | $31,236 |
Grants Awarded
Over the last fiscal year, Reinsch Pierce Family Foundation Inc has awarded $2,154,034 in support to 101 organizations.
| Grant Recipient | Amount |
|---|---|
1ST STAGE PURPOSE: SUPPORT COMMUNITY ARTS PROGRAMS | $5,000 |
ADOPTION COUNCILORG PURPOSE: SUPPORT COMMUNITY OUTREACH / ASSIST YOUTH | $1,000 |
ALABASTER HOUSE PURPOSE: SUPPORT COMMUNITY OUTREACH /DRUG AND ALCOHOL RECOVERY | $732 |
AMERICAN FEDERALISM PROJECT PURPOSE: SUPPORT STRONG PUBLIC POLICY AND FREE MARKET AMERICAN VALUES | $500 |
AMERICAN FIRST POLICY INSTITUTE PURPOSE: SUPPORT STRONG PUBLIC POLICY AND TRADITIONAL AMERICAN VALUES | $2,000 |
AMERICAN HEART ASSOCIATION PURPOSE: SUPPORT MEDICAL RESEACH, PREVENTION AND CURE | $3,000 |