Marshall E Rinker Sr Foundation Inc
- Assets
- $27.4m
- Revenue
- $1.5m
- Investments
- $26.6m
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 11/1998
- Data as of
- 12/2020
- EIN
- 65-0871532
Organization Overview
Marshall E Rinker Sr Foundation Inc is located in West Palm Beach, FL. The organization was established in 1998. 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. Marshall E Rinker Sr Foundation Inc 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 12/2020, Marshall E Rinker Sr Foundation Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $1.8m during the year ending 12/2020. While expenses have increased by 0.2% per year over the past 6 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 2016, Marshall E Rinker Sr Foundation Inc has awarded 144 individual grants totaling $7,105,700. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sidney A Stubbs Director | 2 | $1,000 | |
David B Rinker President | 2 | $1,000 | |
Richard A Krause Director | 2 | $1,000 | |
Christopher R Rinker Director | 2 | $1,000 | |
Paul C Bremer Secretary/treasurer | 2 | $1,000 | |
Leighan R Rinker Vice President | 2 | $1,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Paradox Properties | 12/30/20 | $97,500 |
Paradox Properties | 12/30/20 | $97,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $830,845 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $655,082 |
| Capital Gain Net Income | $655,082 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,485,927 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,065 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,056 |
| Total operating and administrative expenses | $328,729 |
| Contributions, gifts, grants paid | $1,474,500 |
| Total expenses and disbursements | $1,803,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,159 |
| Savings and temporary cash investments | $804,848 |
| 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 | $1,340,237 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $27,403,916 |
| Accounts payable and accrued expenses | $100,000 |
| Grants payable | $8,300 |
| 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 | $108,300 |
Grants Awarded
Over the last fiscal year, Marshall E Rinker Sr Foundation Inc has awarded $1,474,500 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
Rochester, NY PURPOSE: COMMUNITY ENGAGEMENT CENTER | $200,000 |
PALM BEACH ATLANTIC UNIVERSITY PURPOSE: RINKER CENTER FOR EXPERIENTIAL LEARNING | $200,000 |
DeLand, FL PURPOSE: SCHOLARSHIPS FOR STUDENTS NEGATIVELY AFFECTED BY THE PANDEMIC | $200,000 |
Palm Beach Gardens, FL PURPOSE: PHASE II OF INFRASTRUCTURE DEVELOPMENT AT THE LEIGHAN AND DAVID RINKER CAMPUS | $105,000 |
Greenville, SC PURPOSE: THE MARSHALL AND VERA LEA RINKER PRESIDENTIAL FELLOWSHIP | $100,000 |
Greenville, SC PURPOSE: THE MARSHALL AND VERA LEE RINKER PRESIDENTIAL SCHOLARSHIP | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Louis And Gloria Flanzer Philantrhopic Tr Sarasota, FL | $95,188,629 | $13,796,000 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |
The Gary W Rollins Foundation Atlanta, GA | $72,624,629 | $27,015,806 |
Theodore R & Vivian M Johnson Scholarship Foundation Inc West Palm Beach, FL | $0 | $7,841,898 |