Reeth Family Foundation
- Assets
- $31.0k
- Revenue
- $78.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Isle Of Palms, SC
- Founding
- Data as of
- 12/2022
- EIN
- 85-2658615
Organization Overview
Reeth Family Foundation is located in Isle Of Palms, SC. 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. Reeth Family 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 12/2022, Reeth Family Foundation generated $78.6k 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 (9.7%) each year.
Since 2021, Reeth Family Foundation has awarded 26 individual grants totaling $271,658. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George P Reeth Executive Director | 0 | $0 | |
Theresa Reeth Vice President | 0 | $0 | |
Lindsay Reeth Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $57,145 |
| Interest on Savings | $194 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,215 |
| Capital Gain Net Income | $84,999 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $78,554 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,804 |
| Contributions, gifts, grants paid | $115,064 |
| Total expenses and disbursements | $121,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,009 |
| 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 | $31,009 |
| 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, Reeth Family Foundation has awarded $115,064 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
PROSTATE CANCER FOUNDATION PURPOSE: GENERAL PURPOSE | $5,000 |
ISLE OF PALMS COMMUNITY CORPORATION PURPOSE: GENERAL PURPOSE | $6,000 |
COVENANT HOUSE OF NEW JERSEY PURPOSE: GENERAL PURPOSE | $1,045 |
THE LENS FOUNDATION PURPOSE: GENERAL PURPOSE | $70,019 |
THE HUB AT CENTERPOINT PURPOSE: GENERAL PURPOSE | $15,000 |
RONALD MCDONALD HOUSE PURPOSE: GENERAL PURPOSE | $1,000 |