William J Jernick Memorial Fund is located in Laurel, MD. The organization was established in 2003. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William J Jernick Memorial Fund 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 05/2023, William J Jernick Memorial Fund generated $153.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 27.6% each year . All expenses for the organization totaled $42.1k during the year ending 05/2023. While expenses have increased by 3.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT ASSISTANCE TO FAMILIES OF YOUTH SUFFERING FROM MEDICAL CONDITIONS 7 RECIPIENTS THIS FISCAL YEAR
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William H Buttrill Board Member | 2 | $0 | |
Ronald T Lamot Board Member | 2 | $0 | |
Sandra C Brantner Chairman | 2 | $0 | |
Connie Deyoung Board Member | 2 | $0 | |
Carl A Robinson Secretary/treasurer | 4 | $0 |
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $112,612 |
| Interest on Savings | $0 |
| Dividends & Interest | $39,134 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,094 |
| Total Revenue | $153,840 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $674 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,714 |
| Total operating and administrative expenses | $29,388 |
| Contributions, gifts, grants paid | $12,700 |
| Total expenses and disbursements | $42,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,665 |
| Savings and temporary cash investments | $746,165 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $896,830 |
| 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 |
Over the last fiscal year, William J Jernick Memorial Fund has awarded $12,700 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CARMEN V KEMPER FOR SAGE R KEMPER PURPOSE: PURCHASE OF SPECIAL GLASSES TO CHILD WITH TUMOR OF THE OPTIC NERVE | $1,000 |
SEVERNA PARK ELKS LODGE FOR ELLIOT PURPOSE: ASSIST WITH PURCHASE OF ADAPTED BICYCLE FOR CHILD WITH A NEUROLOGICAL CONDITION | $1,500 |
JESSICA RICE FOR JORDAN RICE PURPOSE: ASSISTANCE FOR A TEEN WHO IS PARALYZED FROM THE NECK DOWN DUE TO AN INJURY | $2,000 |
WESTMINSTER LODGE FOR HANK SHOCKLEY PURPOSE: ASSISTANCE FOR FAMILY WITH BABY WHO HAS END STAGE RENAL FAILURE | $2,000 |
CARLOS DILAUDO FOR FABRIZZIO DILAUD PURPOSE: DOWN PAYMENT FOR NEW HEARING AIDS FOR 10 YEAR OLD CHILD | $2,200 |
JAMES AUMILLER FOR MADISON MOORE PURPOSE: FINANCIAL ASSISTANCE FOR FAMILY OF SICK CHILD | $2,000 |