Peter And Kristen Gerhard Foundation
- Assets
- $1.5m
- Revenue
- $317.7k
- Investments
- $44.2k
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 02/1998
- Data as of
- 08/2022
- EIN
- 13-3921375
Organization Overview
Peter And Kristen Gerhard Foundation is located in Palm Beach, FL. The organization was established in 1998. 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. Peter And Kristen Gerhard 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 08/2022, Peter And Kristen Gerhard Foundation generated $317.7k in total revenue. All expenses for the organization totaled $42.7k during the year ending 08/2022.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter C Gerhard Trustee | 1 | $0 | |
Kristen Gerhard Trustee - As Needed | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,735 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $274,875 |
| Capital Gain Net Income | $274,875 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $40,094 |
| Total Revenue | $317,704 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $102 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $60 |
| Total operating and administrative expenses | $10,162 |
| Contributions, gifts, grants paid | $32,557 |
| Total expenses and disbursements | $42,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $866,669 |
| Savings and temporary cash investments | $529,491 |
| Net Accounts receivable | $10,639 |
| 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 | $44,199 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,450,998 |
| 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 |
Peer Organizations
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|---|---|---|
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Ds Foundation Miami, FL | $183,651,055 | $1,385,395 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
Altec-Styslinger Foundation Inc Birmingham, AL | $128,305,509 | $25,360,360 |
Elizabeth Morse Genius Foundation Winter Park, FL | $145,557,522 | $11,233,005 |
Daniel Foundation Of Alabama Birmingham, AL | $125,925,900 | $11,135,386 |
Daniel E Offutt Iii Charitable Tr Sarasota, FL | $1,076,359 | $6,500,161 |
BBVA Foundation Birmingham, AL | $0 | $7,925,433 |
E G Watkins Family Foundation West Palm Beach, FL | $3,784,813 | $11,500,184 |
The Anita James Rosen Foundation Inc St Petersburg, FL | $5,834,282 | $31,742 |
Peterffy Foundation West Palm Beach, FL | $132,920,946 | $11,657,366 |