E A & Frances Reichart Foundationinc
- Assets
- $4.3m
- Revenue
- $173.8k
- Investments
- $4.0m
- Employees
- 0
- Location
- Alexandria, IN
- Founding
- 09/2010
- Data as of
- 12/2022
- EIN
- 26-0533447
Organization Overview
E A & Frances Reichart Foundationinc is located in Alexandria, IN. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. E A & Frances Reichart Foundationinc 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, E A & Frances Reichart Foundationinc generated $173.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $378.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, E A & Frances Reichart Foundationinc has awarded 70 individual grants totaling $1,740,322. 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 |
|---|---|---|---|
Brian L Reichart President | 0 | $0 | |
Gary B Reichart V. President | 0 | $0 | |
Tina Reichart Anderson Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $125,648 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,154 |
| Capital Gain Net Income | $48,154 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $173,802 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,863 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,971 |
| Total operating and administrative expenses | $54,109 |
| Contributions, gifts, grants paid | $324,189 |
| Total expenses and disbursements | $378,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $248,492 |
| 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 | $311,121 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,500 |
| Total assets | $4,263,992 |
| 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 | $4,622 |
| Total liabilities | $4,622 |
Grants Awarded
Over the last fiscal year, E A & Frances Reichart Foundationinc has awarded $324,189 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AGAPE THERAPEUTIC RIDING RESOURCES PURPOSE: GENERAL SUPPORT | $150,000 |
EAST MAIN ST CHRISTIAN CHURCH PURPOSE: BUILDING FUND | $100,000 |
ELWOOD ELEMENTARY SCHOOL PURPOSE: GENERAL SUPPORT | $3,000 |
ELWOOD OPTIMISTS PURPOSE: GENERAL SUPPORT | $5,000 |
ELWOOD COMMUNITY HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $30,000 |
ELWOOD CHAMBER OF COMMERCE PURPOSE: GENERAL SUPPORT | $2,500 |