Rea Charitable Trust
- Assets
- $100.5m
- Revenue
- -$229.9k
- Investments
- $86.1m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 04/2009
- Data as of
- 09/2023
- EIN
- 26-3671567
Organization Overview
Rea Charitable Trust is located in Detroit, MI. 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.
Since 2014, Rea Charitable Trust has awarded 691 individual grants totaling $21,676,000. 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 |
|---|---|---|---|
Comerica Bank Trustee | 1 | $29,736 | |
Wells Fargo Bank N A Prior Ttee | 1 | $310,557 | |
Richard Folger Advisory Committee | 1 | $500 | |
Vickie Jay Advisory Committee | 1 | $500 | |
Eileen Piwetz Advisory Committee | 1 | $500 | |
Becky Baskin Ferguson Advisory Committee | 1 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $202,087 |
| Dividends & Interest | $2,900,666 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,525,916 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $193,312 |
| Total Revenue | -$229,851 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $344,793 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50,483 |
| Depreciation | $266,795 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,355 |
| Total operating and administrative expenses | $1,024,843 |
| Contributions, gifts, grants paid | $5,747,700 |
| Total expenses and disbursements | $6,772,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,426,882 |
| 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 | $2,996,123 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,639,882 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $100,544,152 |
| 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 $5,747,700 in support to 184 organizations.
| Grant Recipient | Amount |
|---|---|
THE NASHER SCULPTURE CENTER PURPOSE: SUPPORT FOR DAILY | $5,000 |
ASH LAWN OPERA CHARLOTTESVILLE PURPOSE: FOR PURPOSES OF DAILY | $10,000 |
THE HARMONY PROGRAM INC PURPOSE: FOR PURPOSES OF DAILY | $20,000 |
THE UNIVERSITY OF TEXAS PERMIAN BASIN PURPOSE: FOR PURPOSES OF DAILY | $125,000 |
SECOND THOUGHT THEATRE PURPOSE: FOR SUPPORT OF DAILY | $10,000 |
BROOKLYN ARTS EXCHANGE INC PURPOSE: FOR PURPOSES OF DAILY | $5,000 |