Richard H & Charlotte G Orear Charitable Foundation
- Assets
- $2.4m
- Revenue
- $172.3k
- Investments
- $2.4m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 10/1986
- Data as of
- 07/2024
- EIN
- 48-6273918
Organization Overview
Richard H & Charlotte G Orear Charitable Foundation is located in Milwaukee, WI. The organization was established in 1986. 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. Richard H & Charlotte G Orear 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 07/2024, Richard H & Charlotte G Orear Charitable Foundation generated $172.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $200.3k during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Richard H & Charlotte G Orear Charitable Foundation has awarded 91 individual grants totaling $1,186,000. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Us Bank Co-Trustee | 1 | $36,359 | |
Peter Mirakian III Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,506 |
| Interest on Savings | $0 |
| Dividends & Interest | $83,218 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $74,530 |
| Capital Gain Net Income | $74,530 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $172,254 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,359 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,700 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32 |
| Total operating and administrative expenses | $46,294 |
| Contributions, gifts, grants paid | $154,000 |
| Total expenses and disbursements | $200,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,079 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,408,339 |
| 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, Richard H & Charlotte G Orear Charitable Foundation has awarded $154,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ABILITY KC PURPOSE: FOR THE GENERAL FUND - CIVIC | $11,000 |
CATHOLIC CHARITIES OF NE KS PURPOSE: FOR THE GENERAL FUND - CIVIC | $11,000 |
CHILDREN'S MERCY PURPOSE: FOR CENTER FOR PEDIATRIC GENOMIC MEDICINE | $25,000 |
CORNERSTONES OF CARE - OZANAM PURPOSE: FOR THE CORNERSTONES OF CARE | $21,500 |
GATEWAY OF HOPE PURPOSE: FOR THE GENERAL FUND - CIVIC | $12,000 |
INCLUSION CONNECTIONS PURPOSE: FOR THE GENERAL FUND - CIVIC | $11,000 |