Wilhelm Reich Infant Trust
- Assets
- $809.0k
- Revenue
- $371.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Rangeley, ME
- Founding
- 09/1994
- Data as of
- 12/2021
- EIN
- 01-0485254
Organization Overview
Wilhelm Reich Infant Trust is located in Rangeley, ME. The organization was established in 1994. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Wilhelm Reich Infant Trust employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wilhelm Reich Infant Trust 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 12/2021, Wilhelm Reich Infant Trust generated $371.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $141.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ADDITIONAL DATA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Sabsowitz Vice President | OfficerTrustee | 5 | $0 |
James Strick Board Member | OfficerTrustee | 10 | $0 |
Renata Reich Moise President | Officer | 0 | $0 |
Brian Warren Treasurer | Officer | 0 | $0 |
Patricia Estrada Board Member | Trustee | 5 | $0 |
Havard Nilsen Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $24,685 |
| All other contributions, gifts, grants, and similar amounts not included above | $286,611 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $311,296 |
| Total Program Service Revenue | $25,097 |
| Investment income | $841 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $15,690 |
| Net Rental Income | $16,890 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $371,908 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,906 |
| Pension plan accruals and contributions | $378 |
| Other employee benefits | $0 |
| Payroll taxes | $4,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,375 |
| Advertising and promotion | $927 |
| Office expenses | $12,652 |
| Information technology | $3,079 |
| Royalties | $500 |
| Occupancy | $22,227 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,604 |
| Insurance | $9,444 |
| All other expenses | $217 |
| Total functional expenses | $141,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $290,762 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $253,652 |
| Investments—publicly traded securities | $255,944 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,600 |
| Total assets | $808,958 |
| Accounts payable and accrued expenses | $894 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $87,600 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $88,494 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $21,765 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $698,699 |
| Total liabilities and net assets/fund balances | $808,958 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wilhelm Reich Infant Trust has recieved totaling $250,266.
| Awarding Organization | Amount |
|---|---|
Central Indiana Community Foundation Inc Indianapolis, IN PURPOSE: Capital support for repairs & historic restoration | $250,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $266 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ogunquit Playhouse Foundation Ogunquit, ME | $16,189,954 | $13,533,922 |
Farnsworth Real Estate Inc Rockland, ME | $10,803,389 | $1,239,995 |
The Opera House At Boothbay Harbor Boothbay Harbor, ME | $3,047,558 | $513,394 |
Cca North Corp Concord, NH | $4,494,491 | $126,000 |
Friends Of The Daponte String Quartet Damariscotta, ME | $374,776 | $403,825 |
Majestic Theatre Manchester, NH | $191,750 | $366,095 |
Wilhelm Reich Infant Trust Rangeley, ME | $808,958 | $371,908 |
Rangeley Friends Of The Performing Arts Inc Rangeley, ME | $1,046,663 | $241,635 |
Harbor Theater Boothbay, ME | $295,945 | $0 |
Pejepscot Endowment Trust Brunswick, ME | $1,134,159 | $164,130 |
Old Fort Western Fund Augusta, ME | $392,040 | $102,282 |
July 4th Portland Portland, ME | $4,983 | $0 |