Reissa Foundation
- Assets
- $72.2m
- Revenue
- $1.4m
- Investments
- $70.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 47-7315939
Organization Overview
Reissa Foundation is located in Wilmington, DE. 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. Reissa 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 12/2022, Reissa Foundation generated $1.4m 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 (52.4%) each year. All expenses for the organization totaled $4.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Reissa Foundation has awarded 305 individual grants totaling $9,299,614. 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 |
|---|---|---|---|
Bethany Herwegh Dir | 2 | $0 | |
Caitlin Scott Dir | 2 | $0 | |
Laila Scott Dir, Chairman | 2 | $0 | |
M Jordan Scott Dir, Pres | 5 | $0 | |
Suzanne Scott Dir, Sec, Treas | 2 | $0 | |
Scott P Koch Executive Director | 40 | $325,078 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foundation Source | 12/30/22 | $119,915 |
Northern Trust | 12/30/22 | $61,046 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $29,255 |
| Dividends & Interest | $1,581,460 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$213,235 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $37,918 |
| Total Revenue | $1,435,398 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $395,321 |
| Pension plans, employee benefits | $62,448 |
| Interest | $0 |
| Taxes | $183,111 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $23,881 |
| Printing and publications | $1,030 |
| Other expenses | $306,668 |
| Total operating and administrative expenses | $1,089,515 |
| Contributions, gifts, grants paid | $3,261,950 |
| Total expenses and disbursements | $4,351,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,818,041 |
| 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 | $3,344,299 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $9,525 |
| Total assets | $72,218,790 |
| 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, Reissa Foundation has awarded $3,261,950 in support to 110 organizations.
| Grant Recipient | Amount |
|---|---|
4WRD PROGRESS INC PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
ADVOCATES FOR MENTALLY ILL HOUSING INC PURPOSE: NORTH TAHOE TRUCKEE HOMELESS SERVICES FUND | $10,000 |
AL WOOTEN JR YOUTH CENTER PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
ALEPH INSTITUTE INC PURPOSE: CHOICES FOR LIFE PROGRAM | $25,000 |
ALMA BACKYARD FARM PURPOSE: GENERAL & UNRESTRICTED | $35,000 |
ALLIANCE FOR YOUTH ORGANIZING PURPOSE: MOVE TEXAS | $50,000 |