Overview
What is Riedel Foundation?
The Riedel Foundation is a charitable organization based in Cincinnati, Ohio. As per the governing document, its primary objective is to distribute funds to various designated charities. To accomplish this, the foundation invests its assets to generate income. This income, in turn, is distributed to the listed charities, thereby supporting their causes and initiatives. The Riedel Foundation's role is to act as a financial intermediary, channeling resources to the charities it has been established to support.
Is Riedel Foundation legitimate?
Riedel Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Riedel Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Riedel Foundation?
The Riedel Foundation's mission involves investing trust assets to generate income. This income is then distributed to various charitable organizations, as outlined in the governing document. The foundation's primary goal is to support these charities financially, providing them with the resources they need to carry out their respective missions. The specific charities and the amount of support provided are determined by the guidelines set forth in the governing document. The Riedel Foundation serves as a financial backbone for these charities, enabling them to continue their work and make a positive impact in their respective fields.
Who is the CEO of Riedel Foundation?
Ray Elbin is the Trustee of Riedel Foundation.
What is the revenue of Riedel Foundation?
Riedel Foundation's revenue in 2021 was $79,827.
Who are the executives of Riedel Foundation and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Riedel Foundation?
Riedel Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Riedel Foundation
The Riedel Foundation, as outlined in its governing document, invests its assets to generate income. This income is then distributed to various charitable organizations, in accordance with the directives provided in the governing document. Essentially, the mission of the Riedel Foundation involves channeling its financial resources to support numerous charitable organizations, as per the specifications outlined in its founding document.
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Impact
October, 2024
The Riedel Foundation has a significant impact through its strategic investment of trust assets, which generates income for direct distribution to various charitable organizations as outlined in its governing documents. Based in Cincinnati, Ohio, the foundation focuses primarily on educational initiatives, ensuring that resources are allocated to support and enhance educational opportunities in the community. By providing financial support to diverse charitable organizations, the Riedel Foundation fosters growth and development in key areas, ultimately contributing to the betterment of society and the empowerment of individuals through education.
This information is meant to be a general summary of Riedel Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $79,827
- Gross Receipts: $323,188
Assets and Liabilities:
- Total Assets: $822,650
- Total Liabilities: $0
- Net Assets: $822,650
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Organization Details
Founding Year
2005
Phone
(513) 534-5310Principal Officer
Ray Elbin
Main Address
PO BOX 630858, CINCINNATI, OH, 452630858
NTEE Category
Code: B11 - Education
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