Horst Rechelbacher Foundation
- Assets
- $22.5m
- Revenue
- $261.8k
- Investments
- $16.9m
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 02/2000
- Data as of
- 12/2023
- EIN
- 41-1956679
Organization Overview
Horst Rechelbacher Foundation is located in St Paul, MN. The organization was established in 2000. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Horst Rechelbacher 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, Horst Rechelbacher Foundation generated $261.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (32.7%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Horst Rechelbacher Foundation has awarded 55 individual grants totaling $3,453,327. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HORST RECHELBACHER FOUNDATION IS A FAMILY FOUNDATION THAT OPERATES MULTIPLE PROGRAMS AT THE ACREAGE ON 350 ACRES OF PRISTINE HARDWOOD FORESTS, OAK SAVANNAS, MEADOWS, PRAIRIES, WETLANDS AND SHORES OF THE NATIONALLY DESIGNATED WILD & SCENIC ST CROIX RIVER.THE ACREAGE WORKS WITH PARTNER NON-PROFITS TO OFFER A MULTITUDE OF PROGRAMS INCLUDING EDUCATIONAL CLASSES, ENVIRONMENTAL PROGRAMS, CONVENINGS, AND ART EVENTS THAT UTILIZE THE UNIQUE NATURE-BASED SETTING, SCULPTURE GARDEN, ANIMALS AND BUILDINGS THAT ENCOMPASS THE PROPERTY. THE FOUNDATION IS ACTIVELY CONSERVING, RESTORING, MANAGING, AND PRESERVING THE NATURAL ECOSYSTEMS, HABITATS, HISTORICAL SIGNIFICANT AND NATURAL RESOURCES ON THE PROPERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Kiran Stordalen Director, President | 5 | $0 | |
Nicole Rechelbacher Thomas Director, Vice President/secretary | 5 | $0 | |
Anthony Gleekel Director, Treasurer | 5 | $0 | |
Greg Gentle Director Of Operatio | 40 | $104,306 | |
Benjamin Brown Facilities/maintenan | 40 | $82,500 | |
Jill Greenhalgh Foundation Director | 24 | $71,571 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley | 12/30/23 | $60,376 |
Sittlow Estate Services Llc | 12/30/23 | $51,338 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,750 |
| Interest on Savings | $0 |
| Dividends & Interest | $457,149 |
| Net Rental Income | $36,000 |
| Net Gain on Sale of Assets | -$266,481 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $33,357 |
| Total Revenue | $261,775 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $496,731 |
| Pension plans, employee benefits | $83,755 |
| Interest | $0 |
| Taxes | $12,772 |
| Depreciation | $93,673 |
| Occupancy | $64,509 |
| Travel, conferences, and meetings | $19,709 |
| Printing and publications | $0 |
| Other expenses | $494,340 |
| Total operating and administrative expenses | $1,464,406 |
| Contributions, gifts, grants paid | $69,685 |
| Total expenses and disbursements | $1,534,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,363 |
| Savings and temporary cash investments | $801,287 |
| 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 | $1,736,310 |
| Net Land, buildings, and equipment | $4,652,637 |
| Other assets | $0 |
| Total assets | $22,500,916 |
| 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, Horst Rechelbacher Foundation has awarded $69,685 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
VILLAGE OF OSCEOLA PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
CHILDREN'S HEALTH CARE FOUNDATION PURPOSE: PEDIATRIC PAIN, PALLIATIVE AND INTEGRATIVE MEDICINE CLINIC | $25,000 |
OSCEOLA MAINSTREET PROGRAM INC PURPOSE: OSCEOLA TRAILS COALITION FOR PARKS AND TRAILS | $1,500 |
STEGER CENTER PURPOSE: CAPITAL CAMPAIGN PLEDGE | $2,000 |
OPEN CUPBOARD PURPOSE: GENERAL OPERATING SUPPORT | $3,500 |
POLLINATOR FRIENDLY ALLIANCE PURPOSE: GENERAL OPERATING SUPPORT | $5,185 |