Koerner Family Foundation
- Assets
- $5.6m
- Revenue
- $222.8k
- Investments
- $4.9m
- Employees
- 0
- Location
- Media, PA
- Founding
- 03/2005
- Data as of
- 12/2021
- EIN
- 20-1804817
Organization Overview
Koerner Family Foundation is located in Media, PA. The organization was established in 2005. According to its NTEE Classification (T30) the organization is classified as: Public 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. Koerner 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 12/2021, Koerner Family Foundation generated $222.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $3.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (31.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Koerner Family Foundation has awarded 28 individual grants totaling $560,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE GRADUATE FELLOWSHIPS FOR STUDENTS PURSUING DOCTORAL ENINEERING DEGRESS WITH RESEACH CAREERS AS THEIR LONG-TERM GOALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Koerner President | 5 | $0 | |
Pauline Limberg Secretary | 2 | $0 | |
Mary Koerner Treasurer | 3 | $0 | |
George Koerner Vice President | 2 | $0 | |
Jamie Koerner Vice President | 2 | $0 | |
Doug Limberg Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,196 |
| Dividends & Interest | $210,241 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $375 |
| Capital Gain Net Income | $375 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $222,812 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,418 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $201 |
| Total operating and administrative expenses | $3,568 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $654,114 |
| 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 | $5,550,921 |
| 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, Koerner Family Foundation has awarded $310,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: FELLOWSHIPS | $80,000 |
COLL ENG COMP CAROLINA FUND PURPOSE: FELLOWSHIP | $60,000 |
Richmond, VA PURPOSE: FELLOWSHIP | $50,000 |
Worcester, MA PURPOSE: FELLOWSHIP | $20,000 |
FLORIDA INTERNATIONAL ENGINEERING PURPOSE: FELLOWSHIP | $20,000 |
Bethlehem, PA PURPOSE: FELLOWSHIP | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Good Nation Foundation Inc New York, NY | $2,105,948 | $9,558,970 |
New York Times Neediest Cases Fund New York, NY | $66,331,518 | $11,554,497 |
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |
Asbury Foundation Inc Frederick, MD | $52,948,136 | $11,506,831 |
New Albany Community Foundation New Albany, OH | $19,894,351 | $7,914,986 |
Enveritas Inc New York, NY | $2,653,436 | $10,002,673 |
Rodef Chesed Brooklyn, NY | $766,824 | $8,077,248 |
Tomchai Torah Beretz Yisrael Inc Monsey, NY | $767,829 | $7,981,285 |
United Way Of Greater Stark County Inc Canton, OH | $15,976,372 | $6,358,831 |
Howard S And Deborah Jonas Foundation Inc Newark, NJ | $31,913,606 | $3,298,041 |
Virgin Unite Usa Inc New York, NY | $4,075,760 | $3,415,307 |
American Friends Of Kohelet Policy Forum Philadelphia, PA | $260,078 | $121,500 |