Quen And Ann Rahal Charitable Tr
- Assets
- $1.8m
- Revenue
- $601.6k
- Investments
- $1.8m
- Employees
- 0
- Location
- Canton, OH
- Founding
- 06/2016
- Data as of
- 12/2021
- EIN
- 47-7393603
Organization Overview
Quen And Ann Rahal Charitable Tr is located in Canton, OH. 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. Quen And Ann Rahal 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 12/2021, Quen And Ann Rahal Charitable Tr generated $601.6k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.8%) each year.
Since 2018, Quen And Ann Rahal Charitable Tr has awarded 29 individual grants totaling $158,285. 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 |
|---|---|---|---|
Suntrust Bank Trustee | 1 | $22,042 | |
The Preferred Legacy Trust Company Trustee | 1 | $3,666 | |
Ricky Miller Trustee | 1 | $0 | |
Jorge Garcia Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,155 |
| Dividends & Interest | $76,671 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $522,822 |
| Capital Gain Net Income | $522,822 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $601,648 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,709 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $723 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $29,367 |
| Contributions, gifts, grants paid | $56,592 |
| Total expenses and disbursements | $85,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,593 |
| 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 | $1,806,445 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,817,038 |
| 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, Quen And Ann Rahal Charitable Tr has awarded $56,592 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Marianna, FL PURPOSE: FUND SCHOLARSHIP | $28,458 |
MAIN STREET MARIANNA PURPOSE: GENERAL SUPPORT | $10,000 |
JACKSON COUNTY FLORIDA SCHOOL BOARD PURPOSE: GENERAL SUPPORT | $7,067 |
WASHINGTON COUNTY BOARD OF COUNTY COMMISSIONERS PURPOSE: GENERAL SUPPORT | $3,000 |
RIVERTOWN COMMUNITY CHURCH PURPOSE: GENERAL SUPPORT | $3,000 |
Marianna, FL PURPOSE: GENERAL SUPPORT | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
John Joseph Sigstein Foundation Inc Huntington, IN | $0 | $2,327,854 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |
Joseph And Marion Wesley Family Foundation Philadelphia, PA | $658,173 | $9,365,078 |
Herrick Foundation Detroit, MI | $135,749,323 | $10,836,296 |
Wexner Foundation New Albany, OH | $6,442,852 | $9,976,190 |
Arete Foundation Philadelphia, PA | $69,704,325 | $5,927,114 |
The Samuel And Jean Frankel Fine Arts Foundation Bloomfield Hills, MI | $136,493,173 | $6,844,673 |
Bill & Julia Van Domelen Foundation Kalamazoo, MI | $132,053,109 | $12,849,321 |
Hcs Foundation Cleveland, OH | $105,976,263 | $7,902,405 |
Manoogian Simone Foundation Dearborn, MI | $47,087,292 | $4,923,874 |
Consumers Energy Foundation Jackson, MI | $77,869,075 | $10,169,744 |