Betty Renth Charitable Foundation
- Assets
- $3.2m
- Revenue
- $117.3k
- Investments
- $2.9m
- Employees
- 0
- Location
- Shiloh, IL
- Founding
- 04/2016
- Data as of
- 12/2023
- EIN
- 47-2136808
Organization Overview
Betty Renth Charitable Foundation is located in Shiloh, IL. The organization was established in 2016. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Betty Renth Charitable 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, Betty Renth Charitable Foundation generated $117.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 36.0% each year . All expenses for the organization totaled $185.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Betty Renth Charitable Foundation has awarded 50 individual grants totaling $294,000. 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
ESTABLISH AND MAINTAIN ENDOWMENTS FOR SCHOLARSHIPS. SCHOLARSHIPS WERE PAID FROM ENDOWMENTS AND INVESTMENT INCOME FOR HIGH SCHOOL GRADUATES OF SPECIFIED HIGH SCHOOLS OUTLINED IN THE SCHOLARSHIP APPLICATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Carlson Chairperson | 0 | $0 | |
Patrick Mathis President | 0 | $0 | |
Richard Heil Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26,736 |
| Dividends & Interest | $66,027 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,488 |
| Capital Gain Net Income | $24,488 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $117,251 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,399 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $165 |
| Total operating and administrative expenses | $25,596 |
| Contributions, gifts, grants paid | $160,000 |
| Total expenses and disbursements | $185,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $281,299 |
| 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 | $3,213,912 |
| 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, Betty Renth Charitable Foundation has awarded $160,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
GRACE ANN REISING PURPOSE: COLLEGE SCHOLARSHIP | $10,000 |
OLIVIA WINKELER PURPOSE: COLLEGE SCHOLARSHIP | $10,000 |
CHLOE BREDE PURPOSE: COLLEGE SCHOLARSHIP | $15,000 |
MAGGIE MENSING PURPOSE: COLLEGE SCHOLARSHIP | $15,000 |
REAGHAN TEBBE PURPOSE: COLLEGE SCHOLARSHIP | $15,000 |
NICOLE WALLER PURPOSE: COLLEGE SCHOLARSHIP | $15,000 |