The Kerr Foundation Inc
- Assets
- $19.5m
- Revenue
- $1.9m
- Investments
- $12.9m
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 01/1986
- Data as of
- 12/2021
- 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 12/2021, Kerr Foundation Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Kerr Foundation Inc has awarded 816 individual grants totaling $4,482,651. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lou C Kerr President | 40 | $209,546 | |
Steven S Kerr Vice President And Trustee | 40 | $95,354 | |
Laura Kerr Vice President/secretary/t | 40 | $90,855 | |
Cody T Kerr Trustee | 2 | $13,200 | |
Ruth Leebron Levenson Trustee | 2 | $13,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21 |
| Dividends & Interest | $434,934 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,388,694 |
| Capital Gain Net Income | $1,388,694 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $30,982 |
| Total Revenue | $1,854,631 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $422,155 |
| Other employee salaries and wages | $126,948 |
| Pension plans, employee benefits | $128,522 |
| Interest | $0 |
| Taxes | $38,270 |
| Depreciation | $47,538 |
| Occupancy | $8,288 |
| Travel, conferences, and meetings | $27,243 |
| Printing and publications | $414 |
| Other expenses | $168,938 |
| Total operating and administrative expenses | $1,242,217 |
| Contributions, gifts, grants paid | $177,700 |
| Total expenses and disbursements | $1,419,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $506,676 |
| 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 | $392,465 |
| Net Land, buildings, and equipment | $572,088 |
| Other assets | $5,536,188 |
| Total assets | $19,549,085 |
| 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 | $111,120 |
| Other liabilities | $0 |
| Total liabilities | $111,120 |
Grants Awarded
Over the last fiscal year, The Kerr Foundation Inc has awarded $245,584 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIED ARTS FOUNDATION PURPOSE: TO SUPPORT THE ALLIED ARTS 2021 CAMPAIGN FOR THE ARTS. | $15,000 |
Washington, DC PURPOSE: TO BUILD CAPACITY THROUGH GENERAL OPERATING SUPPORT FOR THE NEWLY APPROVED CENTER FOR INTERGOVERNMENTAL PARTNERSHIPS, A NEW INITIATIVE THAT SUPPORTS NAPA'S BROADER STRATEGIC GOALS. | $15,000 |
ALLIED ARTS FOUNDATION PURPOSE: TO BENEFIT THE ALLIED ARTS 2022 CAMPAIGN. | $15,000 |
Stillwater, OK PURPOSE: TO PROVIDE SUPPORT FOR THE OIWF/OSU WOMEN'S BUSINESS LEADERSHIP CONFERENCE. | $12,500 |
Oklahoma City, OK PURPOSE: TO PROVIDE ART FOR ALL - A SERIES OF FREE ART PROGRAMS DESIGNED FOR CHILDREN AND FAMILIES. | $10,000 |
DEADCENTER FILM FESTIVAL INC PURPOSE: FOR THE 2021-2022 STATEWIDE EDUCATION TOUR AND FALL FILMMAKING EXPERIENCE. | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |