The Yerkey Family Foundation
- Assets
- $358.2k
- Revenue
- $26.1k
- Investments
- $331.2k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 08/2017
- Data as of
- 12/2023
- EIN
- 81-4950803
Organization Overview
The Yerkey Family Foundation is located in Wilmington, DE. The organization was established in 2017. 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. Yerkey Family 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 12/2023, Yerkey Family Foundation generated $26.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (19.7%) each year. All expenses for the organization totaled $23.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000 |
| Interest on Savings | $324 |
| Dividends & Interest | $7,549 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,803 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,070 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $614 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,983 |
| Total operating and administrative expenses | $15,720 |
| Contributions, gifts, grants paid | $8,218 |
| Total expenses and disbursements | $23,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,011 |
| 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 | $358,189 |
| 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, The Yerkey Family Foundation has awarded $8,218 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LIFE BIBLE FELLOWSHIP INC PURPOSE: GENERAL & UNRESTRICTED | $5,218 |
MY STRENGTH WELLNESS PROGRAM INC PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
YALE UNIVERSITY - SCHOOL OF MEDICINE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |