Akers Gerber Foundation
- Assets
- $3.3m
- Revenue
- $2.0m
- Investments
- $3.2m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 03/2012
- Data as of
- 12/2022
- EIN
- 45-2954190
Organization Overview
Akers Gerber Foundation is located in Pittsburgh, PA. The organization was established in 2012. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Akers Gerber 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, Akers Gerber Foundation generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $423.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (16.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Akers Gerber Foundation has awarded 104 individual grants totaling $8,959,801. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Akers Gerber Chairman | 0 | $0 | |
Murry S Gerber Member | 0 | $0 | |
Larry S Blair Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $46,968 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,922,923 |
| Capital Gain Net Income | $1,922,923 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,969,891 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $111 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $42,559 |
| Contributions, gifts, grants paid | $380,914 |
| Total expenses and disbursements | $423,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,469 |
| 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 | $1,649,605 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,265,153 |
| 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, Akers Gerber Foundation has awarded $380,914 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ASSEMBLE PURPOSE: GENERAL | $50,000 |
CARNEGIE LIBRARY OF PITTSBURGH PURPOSE: GENERAL | $10,000 |
LUTHERAN SOCIAL SERVICES OF THE VIRGIN ISLANDS INC PURPOSE: GENERAL | $25,000 |
CARNEGIE MUSEUM PURPOSE: GENERAL | $50,000 |
EAST END COOPERATIVE MINISTRIES PURPOSE: GENERAL | $30,000 |
PITTSBURGH CULTURAL TRUST PURPOSE: GENERAL | $50,000 |