Russell Reineke Foundation
- Assets
- $4.3m
- Revenue
- $81.3k
- Investments
- $4.3m
- Employees
- 0
- Location
- Carroll, IA
- Founding
- 09/2019
- Data as of
- 12/2022
- EIN
- 84-6672375
Organization Overview
Russell Reineke Foundation is located in Carroll, IA. The organization was established in 2019. 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. Russell Reineke 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 12/2022, Russell Reineke Foundation generated $81.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (59.6%) each year. All expenses for the organization totaled $194.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Russell Reineke Foundation has awarded 87 individual grants totaling $363,857. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION MAKES DONATIONS TO VARIOUS LOCAL AND NATIONAL. IN 2021, DONATIONS WERE MADE TO 28 DIFFERENT ORGANIZATIONS.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,273 |
| Dividends & Interest | $51,194 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,585 |
| Capital Gain Net Income | $27,136 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,225 |
| Total Revenue | $81,277 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $18,838 |
| Taxes | $1,213 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $21 |
| Other expenses | $4,662 |
| Total operating and administrative expenses | $25,234 |
| Contributions, gifts, grants paid | $169,520 |
| Total expenses and disbursements | $194,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $925 |
| Savings and temporary cash investments | $2,288 |
| 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 | $3,557,635 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,280,126 |
| 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 | $1,447,834 |
| Total liabilities | $1,447,834 |
Grants Awarded
Over the last fiscal year, Russell Reineke Foundation has awarded $169,520 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
KUEMPER CATHOLIC SCHOOLS FOUNDATION PURPOSE: GENERAL DONATION | $5,000 |
KYMJ CATHOLIC RADIO PURPOSE: GENERAL CHARITY | $200 |
UNBOUND PURPOSE: GENERAL CHARITY | $5,280 |
CATHOLIC MEDICAL MISSION BOARD PURPOSE: GENERAL CHARITY | $10,000 |
WHITEROCK CONSERVANCY PURPOSE: GENERAL CHARITY | $200 |
AND THEN THERE WAS NONE PURPOSE: GENERAL CHARITY | $2,000 |