David And Claudia Reich Family Foundation
- Assets
- $1.4m
- Revenue
- $251.4k
- Investments
- $1.2m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 09/2008
- Data as of
- 12/2023
- EIN
- 26-2981022
Organization Overview
David And Claudia Reich Family Foundation is located in Greensboro, NC. The organization was established in 2008. 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. David And Claudia Reich Family Foundation 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 12/2023, David And Claudia Reich Family Foundation generated $251.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $238.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, David And Claudia Reich Family Foundation has awarded 140 individual grants totaling $1,397,386. 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 |
|---|---|---|---|
Claudia B Reich President/director | 0 | $0 | |
David W Reich Jr Secretary/treasurer/direct | 0 | $0 | |
David W Reich III Director | 0 | $0 | |
Peter N Reich Director | 0 | $0 | |
James W Reich Director | 0 | $0 | |
Carrie R Little Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $197,627 |
| Interest on Savings | $0 |
| Dividends & Interest | $27,283 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,473 |
| Capital Gain Net Income | $26,473 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $251,383 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $193 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $46,860 |
| Contributions, gifts, grants paid | $191,768 |
| Total expenses and disbursements | $238,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,242 |
| 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 | $364,653 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,376,179 |
| 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, David And Claudia Reich Family Foundation has awarded $191,768 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ANCHOR HOPE PURPOSE: TO PROVIDE CHILDREN IN FOSTER CARE A SAFE HARBOR AND SUPPORTIVE SERVICES IN A NURTURING ENVIRONMENT. | $15,000 |
BACKPACK BEGINNINGS PURPOSE: TO DELIVER CHILD-CENTRIC SERVICES TO FEED, COMFORT AND CLOTHE CHILDREN IN NEED. | $43,000 |
BEYOND SPORTS PURPOSE: TO HELP BRING OPPORTUNITIES AND RESOURCES TO YOUTH AND SCHOOLS TO GET MORE KIDS INVOLVED IN SPORTS BY ELIMINATING THE FINANCIAL BARRIERS OF SPORTS BY PROVIDING EQUIPMENT, PLAY OPPORTUNITIES, RESOURCES FOR COACHES AND MENTORS. WE BELIEVE THAT CONNECTING KIDS INTO SPORTS AT A YOUNGER AGE CONNECTS THEM IN WITH A SOCIAL AND PHYSICAL ACTIVITY THAT PROVIDES LIFE SKILLS THAT CAN CARRY THEM THROUGH ADOLESCENCE AND BEYOND. | $2,250 |
BREAK THE CHAIN KENNEL KRU PURPOSE: TO WORK IN UNDER-SERVD NEIGHBORHOODS IN GUILFORD COUNTY, NC; ASSISTING FAMILIES WITH CHAINED DOGS TO BECOME COMPLIANT WITH LOCAL ANTI-TETHERING ORDINANCES. | $2,750 |
COMMUNITY COLLABERATION FOR CHILDREN PURPOSE: FOCUSED ON THE HEALTH AND WELL-BEING OF CHILDREN BY "WALKING THE WALK" WITH THEM. WE ARE "CONNECTORS" WITH OTHER COMMUNITY AGENCIES TO PROVIDE QUALITY, TARGETED, AND INTENTIONALSUPPORT SERVICES TO HELP CHILDREN OVERCOME THE IMPACT OF POVERTY, VIOLENCE, AND CONFLICT. | $10,000 |
COMMUNITY HOUSING SOLUTIONS PURPOSE: TO MAKE GUILFORD COUNTY HOMES WARMER, DRIER AND SAFER BY PROVIDING REPAIRS AND OWNERSHIP OPPORTUNITIES TO LOW-INCOME HOMEOWNERS. | $9,005 |