Carl And Camilla Rietman Charitable Foundation
- Assets
- $6.0m
- Revenue
- $432.4k
- Investments
- $5.7m
- Employees
- 0
- Location
- North Bend, OR
- Founding
- 01/1997
- Data as of
- 09/2022
- EIN
- 93-1221623
Organization Overview
Carl And Camilla Rietman Charitable Foundation is located in North Bend, OR. The organization was established in 1997. 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. Carl And Camilla Rietman Charitable 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 09/2022, Carl And Camilla Rietman Charitable Foundation generated $432.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $376.4k during the year ending 09/2022. While expenses have increased by 1.2% 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 2016, Carl And Camilla Rietman Charitable Foundation has awarded 293 individual grants totaling $1,234,381. 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
CHARITABLE CONTRIBUTIONS PER THE TRUST INSTRUMENT TO ST JAMES EPISCOPAL CHURCH IN COQUILLE, OR
CHARITABLE CONTRIBUTION PER THE TRUST INSTRUMENT TO COQUILLE VALLEY HOSPITAL, COQUILLE, OR
48 SCHOLARSHIPS OF $4,700 EACH AWARDED TO STUDENTS AND FORMER STUDENTS OF COQUILLE HIGH SCHOOL, COQUILLE, OR, FOR THE SCHOOL YEAR BEGINNING 9/2022. REFUNDS BY SCHOOLS FOR UNUSED SCHOLARSHIP FUNDS ARE INCLUDED IN TOTAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Walsh Trustee | 2 | $8,300 | |
Jayson F Wartnik Trustee | 2 | $3,200 | |
Amy Muenchrath Trustee | 1 | $3,200 | |
John Burles Trustee | 3 | $2,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $232,226 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $200,168 |
| Capital Gain Net Income | $200,168 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $432,394 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $892 |
| Depreciation | $0 |
| Occupancy | $5,805 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $73,201 |
| Contributions, gifts, grants paid | $303,233 |
| Total expenses and disbursements | $376,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,661 |
| Savings and temporary cash investments | $0 |
| 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 | $5,000 |
| Total assets | $5,973,369 |
| 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, Carl And Camilla Rietman Charitable Foundation has awarded $303,233 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
ST JAMES EPISCOPAL PURPOSE: CHARITABLE DONATION FOR RELIGIOUS PURPOSES | $76,983 |
OREGON STATE UNIVERSITY PURPOSE: COLLEGE SCHOLARSHIP PAID FBO STUDENT DIRECTLY TO INSTITUTION | $42,300 |
Coquille, OR PURPOSE: CHARITABLE DONATION FOR MEDICAL PURPOSES | $38,492 |
SOUTHWEST OREGON COMMUNITY COLLEGE PURPOSE: COLLEGE SCHOLARSHIP PAID FBO STUDENT DIRECTLY TO INSTITUTION | $32,900 |
OREGON INSTITUTE OF TECHNOLOGY PURPOSE: COLLEGE SCHOLARSHIP PAID FBO STUDENT DIRECTLY TO INSTITUTION | $14,100 |
Ashland, OR PURPOSE: COLLEGE SCHOLARSHIP PAID FBO STUDENT DIRECTLY TO INSTITUTION | $14,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amazonsmile Foundation Seattle, WA | $32,322,159 | $94,115,479 |
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Gates Philanthropy Partners Seattle, WA | $58,428,866 | $30,155,547 |
Paul G Allen Family Foundation Seattle, WA | $0 | $45,218,114 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |