Robert S & Maria J Reisman Charitable Trust
- Assets
- $4.4m
- Revenue
- $746.1k
- Investments
- $4.4m
- Employees
- 0
- Location
- Needham, MA
- Founding
- 04/2002
- Data as of
- 12/2022
- EIN
- 04-6965549
Organization Overview
Robert S & Maria J Reisman Charitable Trust is located in Needham, MA. The organization was established in 2002. 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. Robert S & Maria J Reisman Charitable 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 12/2022, Robert S & Maria J Reisman Charitable Trust generated $746.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 11.7% 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 2014, Robert S & Maria J Reisman Charitable Trust has awarded 336 individual grants totaling $4,082,600. 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 |
|---|---|---|---|
Robert Reisman Trustee | 10 | $90,000 | |
Maria Reisman Trustee | 10 | $45,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12 |
| Dividends & Interest | $165,020 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $581,109 |
| Capital Gain Net Income | $581,109 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $746,141 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $135,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,250 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $791 |
| Total operating and administrative expenses | $166,801 |
| Contributions, gifts, grants paid | $881,350 |
| Total expenses and disbursements | $1,048,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,968 |
| 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 | $0 |
| Total assets | $4,407,623 |
| 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, Robert S & Maria J Reisman Charitable Trust has awarded $881,350 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS ASSN PURPOSE: TO SUPPORT RESEARCH | $250 |
AMERICAN DIABETES ASSOCIATION PURPOSE: TO SUPPORT RESEARCH | $500 |
AMERICAN CANCER SOCIETY PURPOSE: TO SUPPORT RESEARCH | $500 |
AMERICAN HEART ASSOCIATION PURPOSE: TO SUPPORT RESEARCH | $500 |
BETH ISRAEL DEACONESS HOSPITAL PURPOSE: TO SUPPORT RESEARCH | $50,000 |
AMERICAN LUNG ASSOCIATION PURPOSE: TO SUPPORT RESEARCH | $250 |