Reisch Charities Inc
- Assets
- $17.9k
- Revenue
- $10.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, IL
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 83-2391691
Organization Overview
Reisch Charities Inc is located in Springfield, IL. The organization was established in 2019. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reisch Charities 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 12/2021, Reisch Charities Inc generated $10.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (41.5%) each year. All expenses for the organization totaled $27.1k during the year ending 12/2021. 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 |
|---|---|---|---|
George Reisch President | 5 | $0 | |
Vince Salvo Treasurer | 5 | $0 | |
Daryl Ponder Secretary | 5 | $0 | |
Jeff Degeal Director | 5 | $0 | |
Chuck Costello Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,354 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$1,654 |
| Other Income | $9,846 |
| Total Revenue | $10,546 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $236 |
| Other expenses | $6,406 |
| Total operating and administrative expenses | $6,642 |
| Contributions, gifts, grants paid | $20,500 |
| Total expenses and disbursements | $27,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,896 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,896 |
| 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, Reisch Charities Inc has awarded $20,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ILLINOIS FAIRGROUNDS FOUNDATION PURPOSE: CHARITABLE PURPOSES | $20,000 |
BLESSED SACRAMENT SCHOOL PURPOSE: CHARITABLE PURPOSES | $500 |
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|---|---|---|
Access Ventures Inc Louisville, KY | $43,826,766 | $16,386,169 |
Missouri River Historical Develop- Ment Inc Sioux City, IA | $5,283,123 | $4,260,184 |
Mid-America Regional Council Community Services Corporation Kansas City, MO | $2,213,477 | $3,497,916 |
East Moline Public Library Foundation East Moline, IL | $757,119 | $745,684 |
Generating Income For Tomorrow Kansas City, MO | $295,787 | $1,133,745 |
Kc Air Show Charities Inc Kansas City, MO | $68,342 | $938,134 |
Michael E Portzen And Sara A Portzen Family Foundation Peosta, IA | $2,370,924 | $1,197,691 |
Heart Of America Redistribution Solutions And Support Sedalia, MO | $435,050 | $1,090,030 |
Thomas P And Sondra D Sheehan Charitable Foundation Fishers, IN | $5,927,664 | $430,035 |
Community Betterment Organization Pella, IA | $2,432,406 | $1,698,245 |
Somernites Cruise Inc Somerset, KY | $278,191 | $306,421 |
Central Iowa Housing Trust Fund Des Moines, IA | $344,976 | $398,757 |