Reichard Family Foundation
- Assets
- $56.0k
- Revenue
- $2.4k
- Investments
- $47.8k
- Employees
- 0
- Location
- Westlake, OH
- Founding
- 09/1981
- Data as of
- 12/2022
- EIN
- 34-1339537
Organization Overview
Reichard Family Foundation is located in Westlake, OH. The organization was established in 1981. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Reichard 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 12/2022, Reichard Family Foundation generated $2.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (30.7%) each year. All expenses for the organization totaled $26.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Reichard Family Foundation has awarded 122 individual grants totaling $169,150. 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 |
|---|---|---|---|
Patricia M Reichard Trustee | 0 | $0 | |
William E Reichard Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,316 |
| Interest on Savings | $1 |
| Dividends & Interest | $1,105 |
| 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 | $2,422 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | -$169 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $669 |
| Total operating and administrative expenses | $500 |
| Contributions, gifts, grants paid | $26,240 |
| Total expenses and disbursements | $26,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,252 |
| 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 | $13,606 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $949 |
| Total assets | $56,007 |
| 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, Reichard Family Foundation has awarded $26,240 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
BEAUMONT HIGH SCHOOL PURPOSE: GENERAL PURPOSE | $750 |
ST MARTIN DE PORRES HIGH SCHOOL PURPOSE: GENERAL PURPOSE | $9,040 |
CATHOLIC CHARITIES PURPOSE: GENERAL PURPOSE | $5,000 |
MAGNIFICAT HIGH SCHOOL PURPOSE: KATHRYN REICHARD SCHOLARSHIP FD | $750 |
COLLEGE OF THE HOLY CROSS PURPOSE: GENERAL PURPOSE | $1,000 |
WVIZ IDEASTREAM CLEVELAND PURPOSE: PUBLIC TV | $100 |