Robert S & Grayce B Kerr Foundation Inc
- Assets
- $19.8m
- Revenue
- $1.1m
- Investments
- $17.8m
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 08/1999
- Data as of
- 12/2023
- EIN
- 73-1256123
Organization Overview
Robert S & Grayce B Kerr Foundation Inc is located in Oklahoma City, OK. The organization was established in 1999. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robert S & Grayce B 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 12/2023, Robert S & Grayce B Kerr Foundation Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Robert S & Grayce B Kerr Foundation Inc has awarded 329 individual grants totaling $14,684,415. 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 |
|---|---|---|---|
William G Kerr Chairman | 5 | $0 | |
Mara Kerr Secretary/ Treasurer | 30 | $50,000 | |
Kavar Kerr President | 30 | $43,750 | |
Graycen Mashburn Vice Chairman | 10 | $25,000 | |
Nancy Kerr Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $485,044 |
| Interest on Savings | $20,671 |
| Dividends & Interest | $317,635 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $244,166 |
| Capital Gain Net Income | $244,166 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,748 |
| Total Revenue | $1,071,264 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $222,132 |
| Other employee salaries and wages | $80,528 |
| Pension plans, employee benefits | $35,868 |
| Interest | $18 |
| Taxes | $48,907 |
| Depreciation | $694 |
| Occupancy | $11,638 |
| Travel, conferences, and meetings | $5,085 |
| Printing and publications | $0 |
| Other expenses | $21,729 |
| Total operating and administrative expenses | $542,744 |
| Contributions, gifts, grants paid | $1,455,500 |
| Total expenses and disbursements | $1,998,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $1,969,026 |
| 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 | $8,807,262 |
| Net Land, buildings, and equipment | $868 |
| Other assets | $750 |
| Total assets | $19,752,974 |
| 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, Robert S & Grayce B Kerr Foundation Inc has awarded $1,455,500 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN INDIAN CULTURAL CENTER FOUNDATION PURPOSE: FIVE YEAR PLEDGE FOR SUPPORT OF MUSEUM | $2,000 |
NATIONAL MUSEUM OF WILDLIFE ART PURPOSE: ART GIFT TO MUSEUM | $1,000,000 |
BLOWING ROCK CHARITY HORSE SHOW FDN PURPOSE: SUPPORT THE ANNUAL BLOWING ROCK CHARITY HORSE SHOW | $4,000 |
CITY RESCUE MISSION PURPOSE: ONGOING EXPENSES WITH THE GENERAL OPERATING FUND | $5,000 |
CLEATS FOR KIDS PURPOSE: PROVIDE ATHLETIC FOOTWEAR & EQUIPMENT TO UNDERPRIVILEDGED YOUTH | $10,000 |
CLIMB - WYOMING PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |