John C And Bernice A Rieg Charitable Foundation Inc
Consistent Giving, Minimal Overhead: Rieg Charitable Foundation's Steady Impact
EIN: 222796673 · Hartford, CT · NTEE: Z99 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $909K |
| Total Expenses | $165K |
| Program Spending | 65% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $2.5M |
| Transparency Score | 85/100 |
Is John C And Bernice A Rieg Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
John C And Bernice A Rieg Charitable Foundation Inc directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About John C And Bernice A Rieg Charitable Foundation Inc
John C And Bernice A Rieg Charitable Foundation Inc (EIN: 222796673) is a nonprofit organization based in Hartford, CT, classified under NTEE code Z99. The organization reported total revenue of $909K and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of John C And Bernice A Rieg Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
John C And Bernice A Rieg Charitable Foundation Inc is a small nonprofit that has been operating for 39 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $116K |
| Total Expenses | $165K |
| Surplus / Deficit | $-49,894 |
| Total Assets | $2.5M |
| Total Liabilities | $1 |
| Net Assets | $2.5M |
| Operating Margin | -43.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 178.6 months |
Financial Health Grade: B
In 2023, John C And Bernice A Rieg Charitable Foundation Inc reported a deficit of $50K with expenses exceeding revenue, holds 178.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), John C And Bernice A Rieg Charitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -54.1% | -1.8% | -2.0% |
| 2022 | +22.8% | +2.0% | +3.4% |
| 2021 | +11.0% | +27.7% | +1.7% |
| 2020 | -28.0% | -22.3% | +2.4% |
| 2019 | -36.7% | +3.2% | +0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates John C And Bernice A Rieg Charitable Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 65%
- fundraising: 15%
According to IRS 990 filings, John C And Bernice A Rieg Charitable Foundation Inc allocates its expenses as follows: admin: 20%, programs: 65%, fundraising: 15%. Approximately 65% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $50K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not a concern, as the foundation consistently reports $0 in compensation for all officers, directors, trustees, and key employees, as seen in their 2023 and prior filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of John C And Bernice A Rieg Charitable Foundation Inc's IRS 990 filings:
- The 'nature of activities' (NT: Z99) is vague, making it difficult to ascertain specific program areas without further detail.
Strengths
The following positive indicators were identified for John C And Bernice A Rieg Charitable Foundation Inc:
- Consistent revenue and asset base over multiple years, demonstrating financial stability.
- Zero executive compensation indicates a volunteer-driven or highly efficient operational model.
- A high percentage of expenses are allocated to program services, suggesting effective use of funds for its mission.
Frequently Asked Questions about John C And Bernice A Rieg Charitable Foundation Inc
Is John C And Bernice A Rieg Charitable Foundation Inc a legitimate charity?
John C And Bernice A Rieg Charitable Foundation Inc (EIN: 222796673) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $909K. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does John C And Bernice A Rieg Charitable Foundation Inc spend its money?
John C And Bernice A Rieg Charitable Foundation Inc directs 65% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to John C And Bernice A Rieg Charitable Foundation Inc tax-deductible?
John C And Bernice A Rieg Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222796673). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the John C And Bernice A Rieg Charitable Foundation Inc CEO make?
John C And Bernice A Rieg Charitable Foundation Inc's highest-compensated officer earns $0 annually. The organization reported $909K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of John C And Bernice A Rieg Charitable Foundation Inc's spending goes to programs?
John C And Bernice A Rieg Charitable Foundation Inc directs 65% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does John C And Bernice A Rieg Charitable Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), John C And Bernice A Rieg Charitable Foundation Inc is above average for NTEE category Z99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is John C And Bernice A Rieg Charitable Foundation Inc located?
John C And Bernice A Rieg Charitable Foundation Inc is headquartered in Hartford, Connecticut and files with the IRS under EIN 222796673. It is classified under NTEE code Z99.
How many years of IRS 990 filings does John C And Bernice A Rieg Charitable Foundation Inc have?
John C And Bernice A Rieg Charitable Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $909K in total revenue.
What does John C And Bernice A Rieg Charitable Foundation Inc do?
John C And Bernice A Rieg Charitable Foundation Inc is a nonprofit organization in the Unknown sector, located in Hartford, Connecticut. It is classified under NTEE code Z99.
How much revenue does John C And Bernice A Rieg Charitable Foundation Inc have?
John C And Bernice A Rieg Charitable Foundation Inc reported total revenue of $908,574. Based on 10 IRS 990 filings on record.
What are John C And Bernice A Rieg Charitable Foundation Inc's total assets?
John C And Bernice A Rieg Charitable Foundation Inc holds total assets of $2,415,084 as reported in IRS 990 filings.
Where is John C And Bernice A Rieg Charitable Foundation Inc located?
John C And Bernice A Rieg Charitable Foundation Inc is based in Hartford, Connecticut.
What is John C And Bernice A Rieg Charitable Foundation Inc's EIN?
John C And Bernice A Rieg Charitable Foundation Inc's Employer Identification Number (EIN) is 222796673. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is John C And Bernice A Rieg Charitable Foundation Inc?
John C And Bernice A Rieg Charitable Foundation Inc is classified under NTEE code Z99 (Unknown).
Is John C And Bernice A Rieg Charitable Foundation Inc a registered 501(c)(3)?
Yes, John C And Bernice A Rieg Charitable Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222796673.
Does John C And Bernice A Rieg Charitable Foundation Inc file IRS Form 990?
Yes, John C And Bernice A Rieg Charitable Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was John C And Bernice A Rieg Charitable Foundation Inc's revenue in 2023?
In the 202312 filing period, John C And Bernice A Rieg Charitable Foundation Inc reported total revenue of $115,509, total expenses of $165,403, and net assets of $2,461,779.
Is John C And Bernice A Rieg Charitable Foundation Inc's revenue growing or declining?
John C And Bernice A Rieg Charitable Foundation Inc's revenue is declining. Revenue went from $251,898 (202212) to $115,509 (202312), a -54.1% change. Based on 10 filings on record.
What is John C And Bernice A Rieg Charitable Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for John C And Bernice A Rieg Charitable Foundation Inc covers tax period 202312. It shows revenue of $115,509, expenses of $165,403, total assets of $2,461,779, and liabilities of $1.
How much does John C And Bernice A Rieg Charitable Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, John C And Bernice A Rieg Charitable Foundation Inc allocates approximately 65% of expenses to program services, 20% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is John C And Bernice A Rieg Charitable Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, John C And Bernice A Rieg Charitable Foundation Inc appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 3 strengths noted.
What are the red flags for John C And Bernice A Rieg Charitable Foundation Inc?
The following concerns were identified: The 'nature of activities' (NT: Z99) is vague, making it difficult to ascertain specific program areas without further detail.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are John C And Bernice A Rieg Charitable Foundation Inc's strengths?
Positive indicators for John C And Bernice A Rieg Charitable Foundation Inc include: Consistent revenue and asset base over multiple years, demonstrating financial stability.. Zero executive compensation indicates a volunteer-driven or highly efficient operational model.. A high percentage of expenses are allocated to program services, suggesting effective use of funds for its mission.. These findings are derived from AI analysis of the organization's financial filings.
How does John C And Bernice A Rieg Charitable Foundation Inc compensate executives?
Executive compensation is not a concern, as the foundation consistently reports $0 in compensation for all officers, directors, trustees, and key employees, as seen in their 2023 and prior filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 'Z99' activity code and zero compensation, what is the operational model that allows for consistent program expenditures without paid staff?
The foundation likely operates with a volunteer board and outsources administrative or program management functions, or it primarily acts as a grant-making entity with minimal internal operational costs, relying on the recipient organizations to execute programs.
Filing History
IRS 990 filing history for John C And Bernice A Rieg Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), John C And Bernice A Rieg Charitable Foundation Inc's revenue has grown by 12.1%, moving from $103K to $116K. Total assets increased by 20.8% over the same period, from $2.0M to $2.5M. Total functional expenses rose by 35.7%, from $122K to $165K. In its most recent filing year (2023), John C And Bernice A Rieg Charitable Foundation Inc reported a deficit of $50K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $116K | $165K | $2.5M | $1 | — | — |
| 2022 | $252K | $168K | $2.5M | $1 | — | View 990 |
| 2021 | $205K | $165K | $2.4M | $1 | — | — |
| 2020 | $185K | $129K | $2.4M | $1 | — | — |
| 2019 | $256K | $166K | $2.3M | $1 | — | View 990 |
| 2015 | $405K | $161K | $2.3M | $1 | — | View 990 |
| 2014 | $262K | $160K | $2.1M | $0 | — | View 990 |
| 2013 | $154K | $158K | $2.0M | $0 | — | View 990 |
| 2012 | $72K | $122K | $2.0M | $1 | — | View 990 |
| 2011 | $103K | $122K | $2.0M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $116K, expenses of $165K, and assets of $2.5M (revenue -54.1% year-over-year).
- 2022: Revenue of $252K, expenses of $168K, and assets of $2.5M (revenue +22.8% year-over-year).
- 2021: Revenue of $205K, expenses of $165K, and assets of $2.4M (revenue +11.0% year-over-year).
- 2020: Revenue of $185K, expenses of $129K, and assets of $2.4M (revenue -28.0% year-over-year).
- 2019: Revenue of $256K, expenses of $166K, and assets of $2.3M (revenue -36.7% year-over-year).
- 2015: Revenue of $405K, expenses of $161K, and assets of $2.3M (revenue +54.4% year-over-year).
- 2014: Revenue of $262K, expenses of $160K, and assets of $2.1M (revenue +70.5% year-over-year).
- 2013: Revenue of $154K, expenses of $158K, and assets of $2.0M (revenue +113.4% year-over-year).
- 2012: Revenue of $72K, expenses of $122K, and assets of $2.0M (revenue -29.9% year-over-year).
- 2011: Revenue of $103K, expenses of $122K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for John C And Bernice A Rieg Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for John C And Bernice A Rieg Charitable Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.