Rea Charitable Trust
- Assets
- $108.0m
- Revenue
- $14.0m
- Investments
- $99.8m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 04/2009
- Data as of
- 09/2021
- EIN
- 26-3671567
Organization Overview
Rea Charitable Trust is located in Las Vegas, NV. The organization was established in 2009. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Rea Charitable Trust 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 09/2021, Rea Charitable Trust generated $14.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (44.2%) each year. All expenses for the organization totaled $6.5m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Rea Charitable Trust has awarded 507 individual grants totaling $15,480,300. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wells Fargo Bank N A Trustee | 1 | $507,451 | |
Becky Ferguson Advisory Committee | 50 | $1,300 | |
Paul Morris Advisory Committee | 50 | $1,150 | |
Richard Fogler Advisory Committee | 50 | $1,150 | |
Christine Foreman Advisory Committee | 50 | $1,150 | |
Harper Estes Advisory Committee | 50 | $150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,951,179 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,798,347 |
| Capital Gain Net Income | $10,798,347 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $266,443 |
| Total Revenue | $14,015,969 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $512,351 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $282,465 |
| Depreciation | $243,774 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,087 |
| Total operating and administrative expenses | $1,260,890 |
| Contributions, gifts, grants paid | $5,200,129 |
| Total expenses and disbursements | $6,461,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,594 |
| Savings and temporary cash investments | $4,667,408 |
| 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 | $3,506,692 |
| Investments—mortgage loans | $0 |
| Investments—other | $53,896,466 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $108,024,869 |
| 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, Rea Charitable Trust has awarded $10,524,000 in support to 366 organizations.
| Grant Recipient | Amount |
|---|---|
Midland, TX PURPOSE: GENERAL OPERATING | $500,000 |
Midland, TX PURPOSE: GENERAL OPERATING | $500,000 |
Midland, TX PURPOSE: GENERAL OPERATING | $250,000 |
Midland, TX PURPOSE: GENERAL OPERATING | $250,000 |
Staunton, VA PURPOSE: GENERAL OPERATING | $150,000 |
Staunton, VA PURPOSE: GENERAL OPERATING | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Panta Rhea Foundation Inc La Jolla, CA | $7,390,044 | $496,518 |
The Helen Diller Family Foundation San Francisco, CA | $1,836,980 | $8,770,214 |
Stephen M Silberstein Foundation Belvedere, CA | $79,901,221 | $6,376,686 |
Wholesale Beer Distributors Industry Trust Pleasanton, CA | $3,898,810 | $9,106,079 |
Wattis Dumke Foundation Inc Ketchum, ID | $124,566 | $75,918 |
Tw Ld Mceachearn Las Vegas, NV | $148,667,574 | $29,051,713 |
Georgia A Lynch Trust Phoenix, AZ | $748,550 | $1,825,283 |
Rea Charitable Trust Las Vegas, NV | $108,024,869 | $14,015,969 |
Klm Foundation Los Angeles, CA | $0 | $8,859,147 |
Nobbs Family Foundation San Diego, CA | $61,708,862 | $4,055,115 |
P F Bresee Foundation Los Angeles, CA | $3,574,521 | $4,338,707 |
Carrico Family Foundation Medford, OR | $33,120,720 | $4,067,868 |