Reich Fam Charitable Tr
- Assets
- $871.5k
- Revenue
- $472.8k
- Investments
- $638.5k
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 05/1994
- Data as of
- 12/2022
- EIN
- 13-7029481
Organization Overview
Reich Fam Charitable Tr is located in Brooklyn, NY. The organization was established in 1994. 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. Reich Fam Charitable Tr 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, Reich Fam Charitable Tr generated $472.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $432.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Reich Fam Charitable Tr has awarded 510 individual grants totaling $1,904,263. 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
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Reich Trustee | 0 | $0 | |
Sue Reich Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $414,302 |
| Interest on Savings | $79 |
| Dividends & Interest | $3,187 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $55,260 |
| Capital Gain Net Income | $65,092 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $472,828 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $9,550 |
| Contributions, gifts, grants paid | $422,987 |
| Total expenses and disbursements | $432,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $233,042 |
| 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 | $871,532 |
| 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, Reich Fam Charitable Tr has awarded $422,987 in support to 80 organizations.
| Grant Recipient | Amount |
|---|---|
ADI ISRAEL FOUNDATION PURPOSE: CHARITABLE | $150 |
BE'ER HAGOLAH INSTITUTE PURPOSE: CHARITABLE | $3,600 |
BINA PURPOSE: CHARITABLE | $200 |
BINYAN YERUSHALAYIM PURPOSE: CHARITABLE | $860 |
AHAVAS CHESED PURPOSE: CHARITABLE | $21,100 |
AMERICAN FRIENDS OF NEFESH HACHAIM PURPOSE: CHARITABLE | $250 |