Horst-Reiter Foundation
- Assets
- $1.7m
- Revenue
- $93.0k
- Investments
- $1.7m
- Employees
- 0
- Location
- Ellsworth, KS
- Founding
- 02/2003
- Data as of
- 12/2023
- EIN
- 68-0522956
Organization Overview
Horst-Reiter Foundation is located in Ellsworth, KS. The organization was established in 2003. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horst-Reiter 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 12/2023, Horst-Reiter Foundation generated $93.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $67.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Horst-Reiter Foundation has awarded 25 individual grants totaling $759,125. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO ORGANIZATIONS FOR THE BETTERMENT OF THE ELLSWORTH, KANSAS COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 1 | $24,057 | |
Gregory R Hoffman Trustee | 1 | $21,780 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,326 |
| Dividends & Interest | $77,329 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,335 |
| Capital Gain Net Income | $13,320 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $92,990 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,837 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,698 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $49,035 |
| Contributions, gifts, grants paid | $17,915 |
| Total expenses and disbursements | $66,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,035 |
| Savings and temporary cash investments | $61,139 |
| 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 | $0 |
| Total assets | $1,723,539 |
| 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, Horst-Reiter Foundation has awarded $17,855 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF ELLSWORTH PURPOSE: YOUTH SWIM LESSONS | $3,750 |
CITY OF ELLSWORTH PURPOSE: BASKETBALL COURT SURFACE | $14,105 |