Reichel Foundation Inc
- Assets
- $3.2k
- Revenue
- $20.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 01/2003
- Data as of
- 12/2022
- EIN
- 16-1633634
Organization Overview
Reichel Foundation Inc is located in Palm Beach Gardens, FL. The organization was established in 2003. 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. Reichel 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 12/2022, Reichel Foundation Inc generated $20.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $27.2k during the year ending 12/2022. While expenses have increased by 12.2% 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 2015, Reichel Foundation Inc has awarded 78 individual grants totaling $156,815. 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 |
|---|---|---|---|
William B Reichel Trustee | 0.25 | $0 | |
Linda G Reichel Trustee | 0.25 | $0 | |
Arthur J Canter Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $61 |
| Total operating and administrative expenses | $661 |
| Contributions, gifts, grants paid | $26,550 |
| Total expenses and disbursements | $27,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,155 |
| 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 | $3,155 |
| 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, Reichel Foundation Inc has awarded $26,550 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
NEW SPIRIT FARM PURPOSE: FOR USE BY DONEE FOR THEIR EXEMPT PURPOSE | $5,600 |
JACK THE BIKE MAN PURPOSE: FOR USE BY THE DONEE FOR THEIR EXEMPT PURPOSES. | $500 |
VITA NOVA PURPOSE: FOR USE BY THE DONEE FOR THEIR EXEMPT PURPOSES. | $500 |
CARP INC PURPOSE: FOR USE BY THE DONEE FOR THEIR EXEMPT PURPOSES. | $700 |
FIRST PRESBYTERIAN CHURCH PURPOSE: FOR USE BY THE DONEE FOR THEIR EXEMPT PURPOSES. | $500 |
PLACE OF HOPE PURPOSE: FOR USE BY THE DONEE FOR THEIR EXEMPT PURPOSES. | $500 |