Reinhart Foundation
- Assets
- $39.7m
- Revenue
- $36.1m
- Investments
- $34.6m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 09/2000
- Data as of
- 12/2021
- EIN
- 54-2001451
Organization Overview
Reinhart Foundation is located in Richmond, VA. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Reinhart 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 12/2021, Reinhart Foundation generated $36.1m in total revenue. All expenses for the organization totaled $7.7m during the year ending 12/2021. While expenses have increased by 39.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Reinhart Foundation has awarded 116 individual grants totaling $8,223,569. 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
2021
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 |
|---|---|---|---|
William L Reinhart President | 2 | $0 | |
Cynthia R Richards Secretary/treasurer | 2 | $0 | |
Christopher R Richards Vice President | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kennedy Capital Management Inc | 12/30/21 | $77,627 |
Bank Of America | 12/30/21 | $63,128 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,427,921 |
| Interest on Savings | $17,866 |
| Dividends & Interest | $502,443 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,174,579 |
| Capital Gain Net Income | $10,174,579 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,106 |
| Total Revenue | $36,137,915 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,337 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $165 |
| Total operating and administrative expenses | $231,891 |
| Contributions, gifts, grants paid | $7,436,706 |
| Total expenses and disbursements | $7,668,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,049,523 |
| 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 | $65,549 |
| Total assets | $39,727,277 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $500,000 |
| 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 | $500,000 |
Grants Awarded
Over the last fiscal year, Reinhart Foundation has awarded $7,436,706 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
Richmond, VA PURPOSE: NON-QUALFYING DISTRIBUTION TO THE REINHART PERFORMING ARTS ENDOWMENT | $5,000,000 |
Richmond, VA PURPOSE: TO ESTABLISH THE MYRON H. REINHART ENDOWMENT | $1,020,000 |
Hudson, NY PURPOSE: TO PROVIDE MATCHING SUPPORT TO PAY DOWN THE HUDSON HALL MORTGAGE | $535,000 |
Richmond, VA PURPOSE: CHARITABLE PURPOSES | $143,206 |
VIRGINIA SUPPORTIVE HOUSING PURPOSE: THE CAPITAL CAMPAIGN; TO SUPPORT COOL LANE APARTMENTS | $75,000 |
CARITAS PURPOSE: GENERAL PURPOSES OF THE HEALING PLACE, SPLIT EQUALLY FOR WOMEN'S HEALING PLACE AND MEN'S HEALING PLACE | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Breakthrough Prize In Life Sciences Foundation Washington, DC | $615,230 | $10,652,847 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |