Raymond J And Mary C Reisert Foundation Inc
- Assets
- $2.4m
- Revenue
- $137.7k
- Investments
- $2.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/2003
- Data as of
- 12/2022
- EIN
- 80-0002341
Organization Overview
Raymond J And Mary C Reisert Foundation Inc is located in New York, NY. The organization was established in 2003. 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. Raymond J And Mary C Reisert 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 12/2022, Raymond J And Mary C Reisert Foundation Inc generated $137.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $227.9k during the year ending 12/2022. While expenses have increased by 6.0% per year over the past 7 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, Raymond J And Mary C Reisert Foundation Inc has awarded 120 individual grants totaling $1,214,676. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary C Reisert President & Director | 7 | $0 | |
Raymond J Reisert Treasurer & Director | 5 | $0 | |
Susan Reisert Secretary & Director | 4 | $0 | |
Peter Reisert Assistant Treasurer & Dire | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $60,978 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $76,593 |
| Capital Gain Net Income | $76,593 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $156 |
| Total Revenue | $137,727 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,661 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,326 |
| Total operating and administrative expenses | $37,669 |
| Contributions, gifts, grants paid | $190,200 |
| Total expenses and disbursements | $227,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,263 |
| Savings and temporary cash investments | $223,500 |
| 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 | $2,360,032 |
| 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, Raymond J And Mary C Reisert Foundation Inc has awarded $190,200 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
CASA PURPOSE: SUPPLEMENT TO RESIDENT'S AFFORDABLE RENT | $13,200 |
FRIENDS OF QUARRY ROAD PURPOSE: FUND PROGRAM DIRECTOR'S SALARY | $10,000 |
LEUKEMIA AND LYMPHOMA SOCIETY OF LONG ISLAND PURPOSE: GENERAL SUPPORT | $10,000 |
MORRY' CAMP INC PURPOSE: GENERAL SUPPORT | $7,500 |
HECKSCHER MUSEUM OF ART PURPOSE: STUDENT ART ED FOR SCHOOL CHILDREN K-12 | $7,500 |
PROJECT MOST PURPOSE: TUITION ASSISTANCE FOR AFTER SCHOOL PROGRAM | $10,000 |