Reinberger Foundation
- Assets
- $59.8m
- Revenue
- $2.6m
- Investments
- $58.5m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 10/1966
- Data as of
- 12/2023
- 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 12/2023, Reinberger Foundation generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (19.7%) each year. All expenses for the organization totaled $3.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Reinberger Foundation has awarded 914 individual grants totaling $22,218,676. 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 | $198,323 | |
Sara R Dyer Vice President | 1 | $8,700 | |
Victor Ferguson Secretary | 10 | $30,956 | |
Katherine Dyer Trustee | 1 | $8,700 | |
Lee Bates Trustee | 1 | $8,700 | |
Mary Hooser Trustee | 1 | $8,700 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Glenmede Trust Company | 12/30/23 | $165,400 |
Goldman Sachs | 12/30/23 | $89,744 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $294,912 |
| Dividends & Interest | $1,415,751 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $911,390 |
| Capital Gain Net Income | $911,390 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $23,258 |
| Total Revenue | $2,645,311 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $371,279 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $3,289 |
| Interest | $0 |
| Taxes | $97,946 |
| Depreciation | $0 |
| Occupancy | $21,144 |
| Travel, conferences, and meetings | $8,774 |
| Printing and publications | $0 |
| Other expenses | $15,148 |
| Total operating and administrative expenses | $785,849 |
| Contributions, gifts, grants paid | $3,098,471 |
| Total expenses and disbursements | $3,884,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,294,332 |
| 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 | $30,947,764 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $59,759,570 |
| 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 $3,098,471 in support to 129 organizations.
| Grant Recipient | Amount |
|---|---|
ALVIS INC PURPOSE: GRANT # 22-90 TWD. WORKFORCE PROGRAMMING | $27,500 |
ACTORS THEATRE PURPOSE: GRANT #23-24 TWD. OPERATING SUPPORT | $10,000 |
AMERICAN RED CROSS OF GREATER COLUMBUS PURPOSE: GRANT # 23-83 TWD. ROAD TO RECOVERY | $13,000 |
ARTS IMPACT PURPOSE: GRANT #23-32 TWD. OPERATING SUPPORT | $15,000 |
BALLETMET PURPOSE: GRANT #23-25 TWD. OPERATING SUPPORT | $25,000 |
BECK CENTER FOR THE ARTS PURPOSE: GRANT #23-33 TWD. OPERATING SUPPORT | $15,000 |