Marshall E Rinker Sr Foundation Inc
- Assets
- $25.8m
- Revenue
- $1.6m
- Investments
- $25.2m
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 11/1998
- Data as of
- 12/2023
- EIN
- 65-0871532
Organization Overview
Marshall E Rinker Sr Foundation Inc is located in West Palm Beach, FL. The organization was established in 1998. 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. Marshall E Rinker Sr 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, Marshall E Rinker Sr Foundation Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. While expenses have increased by 1.3% per year over the past 8 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 2016, Marshall E Rinker Sr Foundation Inc has awarded 229 individual grants totaling $13,282,700. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David B Rinker President | 2 | $1,000 | |
Leighan R Rinker Vice President | 2 | $1,000 | |
Sidney A Stubbs Director | 2 | $1,000 | |
Richard A Krause Director | 2 | $1,000 | |
Christopher R Rinker Director | 2 | $1,000 | |
David S Rinker Secretary | 2 | $1,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Paradox Properties | 12/30/23 | $90,000 |
Paradox Properties | 12/30/23 | $90,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $720,702 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $922,775 |
| Capital Gain Net Income | $922,775 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$53,903 |
| Total Revenue | $1,589,574 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $38,990 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,769 |
| Total operating and administrative expenses | $311,634 |
| Contributions, gifts, grants paid | $1,647,000 |
| Total expenses and disbursements | $1,958,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,677 |
| Savings and temporary cash investments | $449,573 |
| 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 | $4,504,788 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,809,457 |
| 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, Marshall E Rinker Sr Foundation Inc has awarded $1,647,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BOY SCOUTS OF AMERICA GULF STREAM COUNCIL PURPOSE: NEW CLIMBING TOWER AND CAMP EXPEDITION | $225,000 |
FURMAN UNIVERSITY PURPOSE: MARSHALL AND VERA LEE RINKER SCHOLARSHIP | $200,000 |
PALM HEALTH FOUNDATION PURPOSE: GENERAL SUPPORT | $1,000 |
PALM BEACH ATLANTIC UNIVERSITY PURPOSE: PAUL BREMER SCHOLARSHIP FUND/RINKER BUSINESS SCHOOL | $5,000 |
PALM BEACH ATLANTIC UNIVERSITY PURPOSE: EXPERIENTIAL LEARNING CENTER | $200,000 |
PLACE OF HOPE PURPOSE: NEW ENDOWMENT - SUMMER FUN | $10,000 |