Retel Foundation Charitable Tr
- Assets
- $227.9k
- Revenue
- $2.5k
- Investments
- $227.9k
- Employees
- 0
- Location
- Waconia, MN
- Founding
- 09/1998
- Data as of
- 12/2023
- EIN
- 41-6443943
Organization Overview
Retel Foundation Charitable Tr is located in Waconia, MN. The organization was established in 1998. 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. Retel Foundation Charitable Tr 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, Retel Foundation Charitable Tr generated $2.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (31.8%) each year. All expenses for the organization totaled $15.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD PURCHASES
FOOD PURCHASES
MEDICAL SUPPLIES
MEDICAL SUPPLIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Dueber Presiden | 2 | $0 | |
Regena Dueber Secretary | 1 | $0 | |
Kristin Johnson Vice President | 1 | $0 | |
Charles Dueber Presiden | 2 | $0 | |
Regena Dueber Secretary | 1 | $0 | |
Kristin Johnson Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $3,159 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$634 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,526 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,250 |
| Total operating and administrative expenses | $3,175 |
| Contributions, gifts, grants paid | $12,300 |
| Total expenses and disbursements | $15,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $227,894 |
| 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, Retel Foundation Charitable Tr has awarded $22,600 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
MAVARVIAN CARE CENTER PURPOSE: ELDERLY CARE | $500 |
WACONIA FAITH LUTHERAN CHURCH PURPOSE: MISSION OUTREACH ENDOWMET | $600 |
WACONIA FAITH LUTHERAAN CHURCH PURPOSE: MISSION OUTREACH | $500 |
FEED MY STARVING CHILDREN PURPOSE: FOOD SECURITY | $450 |
HOPE INTERNATINAL PURPOSE: INTERNATIONAL OUTREACH | $450 |
AMERICAN CANCER SOCIETY PURPOSE: CANCER RESEARCH | $400 |