Rheinstrom Hill Community Foundation Inc
- Assets
- $2.0m
- Revenue
- $173.0k
- Investments
- $1.9m
- Employees
- 0
- Location
- Hudson, NY
- Founding
- 05/1987
- Data as of
- 05/2024
- EIN
- 14-1683989
Organization Overview
Rheinstrom Hill Community Foundation Inc is located in Hudson, NY. The organization was established in 1987. According to its NTEE Classification (T31) the organization is classified as: Community 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. Rheinstrom Hill Community Foundation Inc 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 05/2024, Rheinstrom Hill Community Foundation Inc generated $173.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $346.8k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Rheinstrom Hill Community Foundation Inc has awarded 247 individual grants totaling $2,382,797. 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 |
|---|---|---|---|
Richard Koskey President | 0.5 | $2,000 | |
Ed Herrington Vice Pres. | 0.5 | $2,000 | |
Jean Howe Lossi Secretary | 0.5 | $2,000 | |
Richard B Herrington Trustee | 0.5 | $2,000 | |
Nancy K Patzwahl Trustee | 0.5 | $2,000 | |
Jeanine L Millar Trustee | 0.5 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,835 |
| Dividends & Interest | $50,126 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $119,888 |
| Capital Gain Net Income | $119,888 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $142 |
| Total Revenue | $172,991 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,911 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $523 |
| Total operating and administrative expenses | $33,295 |
| Contributions, gifts, grants paid | $313,474 |
| Total expenses and disbursements | $346,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $127,493 |
| Total assets | $1,981,693 |
| 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 | $219,404 |
| Total liabilities | $219,404 |
Grants Awarded
Over the last fiscal year, Rheinstrom Hill Community Foundation Inc has awarded $313,474 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
ALIGHT CENTER PURPOSE: PROGRAM FUNDING | $1,500 |
ANIMALKIND INC PURPOSE: PROGRAM FUNDING - CARE OF ORPHANED KITTENS | $1,000 |
BINDLESTIFF FAMILY VARIETY ARTS INC PURPOSE: PROGRAM FUNDING | $4,000 |
CHURCH OF ST JOHN IN THE WILDERNESS PURPOSE: CHURCH GARDEN PROJECT | $14,000 |
CHATHAM AREA RECREATION PROJECT PURPOSE: CRELLIN PARK SUMMER CAMP TUITION ASSISTANCE | $1,000 |
COLUMBIA COUNTY RECOVERY KITCHEN PURPOSE: PROGRAM FUNDING | $10,000 |