Reinberger Foundation
- Assets
- $64.2m
- Revenue
- $6.9m
- Investments
- $63.2m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 10/1966
- Data as of
- 12/2021
- EIN
- 34-6574879
Organization Overview
Reinberger Foundation is located in Cleveland, OH. The organization was established in 1966. 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. Reinberger 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 12/2021, Reinberger Foundation generated $6.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $4.2m during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Reinberger Foundation has awarded 652 individual grants totaling $15,851,334. 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 |
|---|---|---|---|
Karen R Hooser President | 40 | $172,972 | |
Sara R Dyer Vice President & Treasurer | 20 | $47,000 | |
Victor Ferguson Secretary | 10 | $27,018 | |
Dave Hooser Chair Of Investment Committee | 10 | $23,250 | |
Lee Bates Trustee | 1 | $8,000 | |
Mary Hooser Trustee | 1 | $8,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Glenmede Trust Company | 12/30/21 | $163,611 |
Goldman Sachs | 12/30/21 | $106,674 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $204,307 |
| Dividends & Interest | $1,478,946 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,357,179 |
| Capital Gain Net Income | $5,357,179 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$135,362 |
| Total Revenue | $6,905,070 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $334,240 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $6,114 |
| Interest | $0 |
| Taxes | $126,162 |
| Depreciation | $0 |
| Occupancy | $24,882 |
| Travel, conferences, and meetings | $1,029 |
| Printing and publications | $0 |
| Other expenses | $8,339 |
| Total operating and administrative expenses | $792,003 |
| Contributions, gifts, grants paid | $3,427,171 |
| Total expenses and disbursements | $4,219,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $959,400 |
| 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 | $48,269,983 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $64,175,748 |
| 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, Reinberger Foundation has awarded $3,427,171 in support to 139 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUBS OF COLUMBUS INC PURPOSE: 1ST OF $250,000 FOR INVESTING IN GREAT FUTURES COMPREHENSIVE CAMPAIGN (2 YRS.) | $125,000 |
GR CLEVELAND FOOD BANK PURPOSE: 1ST OF $500K FOR CAPITAL EXPANSION INITIATIVE (2022 PMT ACCELERATED TO 2021) | $100,000 |
PLAYHOUSE SQUARE CENTER PURPOSE: 4TH OF $500K FOR ADVANCING THE LEGACY(5 YRS.) | $100,000 |
Cleveland, OH PURPOSE: 2ND OF $500,000 FOR GIVING HOPE FOR THE PHUTURE CAMPAIGN AND SERVICES FOR FAMILIES FACING HOMELESSNESS AND HOUSING CRISES (5 YRS.) | $100,000 |
TOWARDS EMPLOYMENT PURPOSE: 1ST OF $240,000 FOR CHANCE TO ADVANCE AND GOS (OVER 3 YRS.) | $80,000 |
CUYAHOGA COMMUNITY COLLEGE FOUNDATION PURPOSE: 1ST OF $225,000 FOR SKILLS TO SUCCEED (3 YRS.) | $75,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Reinberger Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Oasis Outreach Opportunity Inc Akron, OH PURPOSE: FUND PRGM | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |