Overview
What is The Kevin E Reichardt Fndtn Inc?
The Kevin E Reichardt Foundation Inc, situated in Annapolis, Maryland, is a nonprofit organization primarily focused on providing scholarship grants to various educational institutions. Their mission is to support multiple schools within the Annapolis area, aiming to alleviate financial burdens for deserving students. The foundation's primary activity revolves around offering scholarship grants, thereby contributing to the broader educational landscape in the community.
Official website here: www.reichardtfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Kevin E Reichardt Foundation Inc has received a solid Three-Star rating from Charity Navigator, indicating a stable performance in accountability and finance. The organization scored 76%, demonstrating good management practices and transparency, particularly reflected in its independent board composition and the management of its assets.
The foundation excels with a perfect score in several areas, including the majority of independent board members and the documentation of board meeting minutes. Its liabilities to assets ratio is also commendable, suggesting that the organization maintains a healthy financial structure. Additionally, the program expense ratio reflects a commitment to allocating funds effectively towards its mission.
However, while the overall rating is positive, potential donors may want to keep an eye on the foundation's ongoing financial practices and performance metrics. Continuous improvement in these areas can further enhance the foundation's credibility and operational impact.
This AI summary has been generated from information found on Charity Navigator.
Is The Kevin E Reichardt Fndtn Inc legitimate?
The Kevin E Reichardt Fndtn Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Kevin E Reichardt Fndtn Inc 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:
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For more financial information, click here
Official website here: www.reichardtfoundation.com
What is the mission statement of The Kevin E Reichardt Fndtn Inc?
The Kevin E Reichardt Foundation's mission revolves around providing scholarship grants. This organization aims to support various educational institutions, working towards making higher education more accessible to individuals in need of financial assistance. By offering scholarship grants, the foundation contributes to the overall growth and development of students, enabling them to pursue their educational goals. The foundation's activities primarily focus on providing financial aid, thereby empowering students to seize educational opportunities that may otherwise be out of reach.
Official website here: www.reichardtfoundation.com
What is the revenue of The Kevin E Reichardt Fndtn Inc?
The Kevin E Reichardt Fndtn Inc's revenue in 2023 was $43,528.
Official website here: www.reichardtfoundation.com
Who are the executives of The Kevin E Reichardt Fndtn Inc and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.reichardtfoundation.com
Where can I find the form 990 for The Kevin E Reichardt Fndtn Inc?
The Kevin E Reichardt Fndtn Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.reichardtfoundation.com
Learn more at the official website: www.reichardtfoundation.com
Mission Statement of The Kevin E Reichardt Fndtn Inc
The Kevin E Reichardt Foundation is an organization committed to providing scholarship grants for various schools or educational institutions. Their mission is to support students financially, enabling them to pursue their academic pursuits without the burden of financial constraints. By offering scholarship grants, this foundation aims to empower students and foster educational opportunities, ultimately contributing to the betterment of society.
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Impact
August, 2024
The Kevin E Reichardt Fndtn Inc's impact lies in providing scholarship grants to support multiple schools and educational institutions in Annapolis, MD. They play a crucial role in helping students pursue their educational goals and aspirations by alleviating financial barriers. This support ultimately contributes to the development of a more educated and skilled workforce, positively impacting the community at large.
This information is meant to be a general summary of The Kevin E Reichardt Fndtn Inc. 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 2023.
- Investment Income: $4,100
- Gross Receipts: $43,528
Assets and Liabilities:
- Total Assets: $774,072
- Total Liabilities: $0
- Net Assets: $774,072
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Organization Details
Founding Year
1994
Principal Officer
Robert J Tobin
Website
www.reichardtfoundation.comNTEE Category
Code: B82 - Education
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