The Kerr Foundation Inc
- Assets
- $19.1m
- Revenue
- $1.1m
- Investments
- $12.4m
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 01/1986
- Data as of
- 12/2022
- EIN
- 73-1256122
Organization Overview
The Kerr Foundation Inc is located in Oklahoma City, OK. The organization was established in 1986. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Kerr Foundation Inc 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, Kerr Foundation Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Kerr Foundation Inc has awarded 870 individual grants totaling $4,711,215. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lou C Kerr President | 40 | $215,541 | |
Steven S Kerr Vice President And Trustee | 40 | $104,182 | |
Laura Kerr Vice President/secretary/t | 40 | $97,683 | |
Cody T Kerr Trustee | 2 | $17,600 | |
Wilson Kerr Trustee | 2 | $5,000 | |
Taylor Dillard Trustee | 2 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,878 |
| Dividends & Interest | $391,353 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $710,731 |
| Capital Gain Net Income | $710,731 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $38,133 |
| Total Revenue | $1,143,095 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $445,006 |
| Other employee salaries and wages | $150,653 |
| Pension plans, employee benefits | $164,869 |
| Interest | $0 |
| Taxes | $82,753 |
| Depreciation | $47,882 |
| Occupancy | $9,696 |
| Travel, conferences, and meetings | $113,612 |
| Printing and publications | $1,098 |
| Other expenses | $208,437 |
| Total operating and administrative expenses | $1,486,496 |
| Contributions, gifts, grants paid | $156,064 |
| Total expenses and disbursements | $1,642,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $405,070 |
| 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 | $489,210 |
| Net Land, buildings, and equipment | $588,468 |
| Other assets | $5,683,213 |
| Total assets | $19,059,178 |
| Accounts payable and accrued expenses | -$166 |
| 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 | -$166 |
Grants Awarded
Over the last fiscal year, The Kerr Foundation Inc has awarded $228,564 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIED ARTS OF OKLAHOMA INC PURPOSE: TO BENEFIT THE ALLIED ARTS 2022 CAMPAIGN. | $15,000 |
ASSISTANCE DOGS OF THE WEST PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT FOR ASSISTANCE DOGS OF THE WEST. | $1,000 |
CANTERBURY VOICES INC PURPOSE: TO SUPPORT CANTERBURY YOUTH VOICES TUITION GAP - 2021-2022. | $3,000 |
BALLET OKLAHOMA INC PURPOSE: TO SUPPORT THE BRIDGE DANCE DISCOVERY PROGRAM, NAMELY FOR SCHOLARSHIPS. | $2,500 |
CENTRAL TEXAS THEATRE ACADEMY PURPOSE: TO PURCHASE A COGNITO PRO COMPACT LIGHTING CONSOLE ALONG WITH A BEETRONICS 22-INCH TOUCHSCREEN MONITOR FOR THE THEATRE. | $1,500 |
CENTER FOR CHILDREN AND FAMILIES INC PURPOSE: TO SUPPORT THERAPY SERVICES SERVING UNINSURED AND UNDER-INSURED CHILDREN. | $1,500 |