Kercheville Foundation
- Assets
- $732.0k
- Revenue
- $153.3k
- Investments
- $317.3k
- Employees
- 0
- Location
- Boerne, TX
- Founding
- 06/1998
- Data as of
- 12/2022
- EIN
- 74-2863080
Organization Overview
Kercheville Foundation is located in Boerne, TX. The organization was established in 1998. 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. Kercheville 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, Kercheville Foundation generated $153.3k 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 (13.2%) each year. All expenses for the organization totaled $242.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kercheville Foundation has awarded 141 individual grants totaling $1,555,592. 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 |
|---|---|---|---|
Joe B Kercheville Director | 3 | $0 | |
Ann E Kercheville Director | 3 | $0 | |
Joseph Kercheville Director | 1 | $0 | |
Joshua Kercheville Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,654 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $144,658 |
| Capital Gain Net Income | $144,658 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $153,312 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $197 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,952 |
| Contributions, gifts, grants paid | $239,170 |
| Total expenses and disbursements | $242,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,128 |
| Savings and temporary cash investments | $237,564 |
| 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 | $732,007 |
| 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, Kercheville Foundation has awarded $239,170 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
JUDICIAL WATCH PURPOSE: CHARITABLE | $1,000 |
HILLSDALE COLLEGE PURPOSE: UNRESTRICTED | $1,000 |
CROSSROADS CHURCH PURPOSE: CHARITABLE | $10,000 |
OAK HILLS CHURCH PURPOSE: CHARITABLE | $1,000 |
TEXAS PUBLIC POLICY FOUNDATION PURPOSE: CHARITABLE | $100,000 |
UNIVERSITY UNITED METHODIST PURPOSE: CHARITABLE | $300 |