Ruth A And Raymond A Reister Charitable Trust
- Assets
- $9.0m
- Revenue
- $416.3k
- Investments
- $8.5m
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 04/2016
- Data as of
- 12/2022
- EIN
- 47-5516393
Organization Overview
Ruth A And Raymond A Reister Charitable Trust is located in Sioux Falls, SD. The organization was established in 2016. 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. Ruth A And Raymond A Reister Charitable Trust 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 12/2022, Ruth A And Raymond A Reister Charitable Trust generated $416.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.3%) each year. All expenses for the organization totaled $573.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ruth A And Raymond A Reister Charitable Trust has awarded 36 individual grants totaling $2,578,300. 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 |
|---|---|---|---|
Robert J Struyk Trustee | 1 | $25,358 | |
Lorri Rice Trustee | 1 | $25,358 | |
Sharon Harig Trustee | 1 | $25,358 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $207,895 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $208,429 |
| Capital Gain Net Income | $208,429 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3 |
| Total Revenue | $416,327 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $76,074 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,721 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,566 |
| Printing and publications | $0 |
| Other expenses | $29 |
| Total operating and administrative expenses | $162,808 |
| Contributions, gifts, grants paid | $411,000 |
| Total expenses and disbursements | $573,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $510,349 |
| 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 | $22,903 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,997,117 |
| 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, Ruth A And Raymond A Reister Charitable Trust has awarded $411,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
WALLIN EDUCATION PARTNERS PURPOSE: SCHOLARSHIPS | $46,000 |
REGENTS OF THE UNIVERSITY OF MICHIGAN PURPOSE: SCHOLARSHIPS | $25,000 |
URBAN VENTURES LEADERSHIP FOUNDATION PURPOSE: GENERAL OPERATING | $50,000 |
MACPHAIL CENTER FOR MUSIC PURPOSE: MACPHAIL NORTHSIDE YOUTH | $40,000 |
MAYO CLINIC PURPOSE: H.W. AND ANNE E. REISTER | $250,000 |