The Paul and Mary Reyelts Family Foundation
- Assets
- $3.8m
- Revenue
- $216.9k
- Investments
- $2.6m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 07/2017
- Data as of
- 12/2018
- EIN
- 81-2955835
Organization Overview
The Paul and Mary Reyelts Family Foundation is located in Minneapolis, MN. The organization was established in 2017. 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.
For the year ending 12/2018, Paul and Mary Reyelts Family Foundation generated $216.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (35.5%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Reyelts President/director | 2.5 | $0 | |
Mary Reyelts Secretary/treasurer/director | 1.25 | $0 | |
Mark Wilson Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,100 |
| Interest on Savings | $47,300 |
| Dividends & Interest | $160,491 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31 |
| Capital Gain Net Income | $47 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3 |
| Total Revenue | $216,925 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,075 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,953 |
| Total operating and administrative expenses | $17,057 |
| Contributions, gifts, grants paid | $1,000,000 |
| Total expenses and disbursements | $1,017,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,011 |
| Savings and temporary cash investments | $1,183,983 |
| 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 | $1,728,080 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,830,941 |
| 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, The Paul and Mary Reyelts Family Foundation has awarded $240,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
GREEN MINNEAPOLIS PURPOSE: PEAVEY PLAZA PROJECT | $100,000 |
PROJECT SUCCESS PURPOSE: GENERAL SUPPORT | $100,000 |
MINNESOTA PUBLIC RADIO PURPOSE: GENERAL SUPPORT | $15,000 |
WILDERNESS INQUIRY PURPOSE: GENERAL SUPPORT | $15,000 |
MINNEAPOLIS INSTITUTE OF ART PURPOSE: GENERAL SUPPORT | $10,000 |