Riedel Foundation

IRS exemption revoked

Cincinnati, OHUnknown exempt organizationEIN 04-3808811

Trust assets are invested to provide income to be distributed to the charities in the governing document

75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $17K a year · 25% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 15.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$80K
+48% vs prior year
Spent
$50K
To programs
75%
Net assets
$823K
By yearFY2020–FY2021
Revenue
$80K
FY2021▲ +48%
Revenue by fiscal year
FY2020$54K
FY2021$80K
Expenses
$50K
FY2021▼ -2%
Expenses by fiscal year
FY2020$51K
FY2021$50K
Net assets
$823K
FY2021▲ +4%
Net assets by fiscal year
FY2020$793K
FY2021$823K

From the FY2021 Form 990 · see the original

IRS revoked this organization's tax-exempt status on May 15, 2025

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $38K Management & general 25% · $12K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
Trustee
$0Pt VII · Sec A
See Riedel Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Invests assets to generate income for designated charities.

Provided by the organization

This section is blank until Riedel Foundation claims this page.

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1 program service account for $38K of program spending, described in the organization's own filed words · FY2021.
01

Distributions to various charitable organizations as directed by the governing document

$38Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $78K · 2020–2021
Findlay SchoolsFY2021$37,500
Findlay SchoolsFY2020$40,500

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$80K
Ln 12
Investment incomeLn 3$80K
Money outPt IX
$50K
Ln 25
Programscol B$38K
Managementcol C$12K
Owns and owesPt X
$823K
net assets · Ln 32
Cash and savingsLn 1–2$63K
Total assetsLn 16$823K
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$80K
Gains on assetsLn 7$63K
Total revenueLn 12$80K
Assets in detailPt X, end of year
CashLn 1$1
SavingsLn 2$63K
Cash and savings togetherLn 1–2$63K
InvestmentsLn 11–13$759K
Total assetsLn 16$823K
LiabilitiesLn 26$0
Net assetsLn 32$823K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$57K$63K
InvestmentsLn 11–13$736K$759K
Total assetsLn 16$793K$823K
LiabilitiesLn 26$0$0
Net assetsLn 32$793K$823K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$38K$38K
Accounting feesLn 11c$1K$1K
All other expensesLn 24e$11K$11K
Total functional expensesLn 25$50K$38K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $80K$50K$30K$823K 990 PDF
FY2020 $54K$51K$3K$793K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $79,827 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $17,245$17,245
VIII-7 Net gain or loss on sales of assetsExcluded from tax $62,582$62,582
VIII-12 Total revenueExcluded from tax $79,827$79,827
Part IX · Statement of functional expenses $49,953 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $37,500$37,500
IX-11c Accounting feesManagement $1,375$1,375
IX-24e All other expensesManagement $11,078$11,078
IX-25 Total functional expensesPrograms $37,500 · Management $12,453 · Fundraising $0$49,953
Part X · Balance sheet $822,650 assets, 7 lines filed
X-1 Cash, non-interest-bearing$1
X-2 Savings and temporary cash investmentsStart of year $56,933$63,400
X-11 Publicly traded securitiesStart of year $736,086$759,249
X-16 Total assetsStart of year $793,019$822,650
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $793,019$822,650
X-33 Total liabilities and net assetsStart of year $793,019$822,650
Part XI · Reconciliation of net assets $822,650 net assets at year end
XI-1 Total revenue$79,827
XI-2 Total expenses$49,953
XI-3 Revenue less expenses$29,874
XI-4 Net assets at start of year$793,019
XI-9 Other changes in net assets−$243
XI-10 Net assets at end of year$822,650

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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