Ralph A Kerber Memorial Foundation
- Assets
- $1.1m
- Revenue
- $70.7k
- Investments
- $1.1m
- Employees
- 0
- Location
- Newport Coast, CA
- Founding
- 04/2001
- Data as of
- 12/2022
- EIN
- 33-6289007
Organization Overview
Ralph A Kerber Memorial Foundation is located in Newport Coast, CA. The organization was established in 2001. 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. Ralph A Kerber Memorial 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, Ralph A Kerber Memorial Foundation generated $70.7k 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 (3.1%) each year. All expenses for the organization totaled $91.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ralph A Kerber Memorial Foundation has awarded 190 individual grants totaling $459,816. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDED SCHOLARSHIPS TO 24 INDIVIDUALS TO ASSIST THEM IN THEIR PURSUIT OF HIGHER EDUCATION IN BUSINESS AND/OR TECHNICAL FIELDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet C Kerber Trustee | 5 | $0 | |
William Allen Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,950 |
| Interest on Savings | $5,178 |
| Dividends & Interest | $17,610 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,914 |
| Capital Gain Net Income | $38,914 |
| Net ST Capital Gain | $120 |
| Income Modifications | $4,000 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $70,652 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,070 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,688 |
| Total operating and administrative expenses | $24,053 |
| Contributions, gifts, grants paid | $67,816 |
| Total expenses and disbursements | $91,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $58,184 |
| 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 | $29,558 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,750 |
| Total assets | $1,131,490 |
| 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, Ralph A Kerber Memorial Foundation has awarded $67,816 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
KATHRYN GUITERREZ PURPOSE: EDUCATIONAL ASSISTANCE | $10,000 |
GARRETT ADAMS PURPOSE: EDUCATIONAL ASSISTANCE | $5,000 |
JORDYN CASON PURPOSE: EDUCATIONAL ASSISTANCE | $10,000 |
NOAH MORAN PURPOSE: EDUCATIONAL ASSISTANCE | $5,000 |
ISABELLA BOSES PURPOSE: EDUCATIONAL ASSISTANCE | $10,000 |
DELANEY WHEELER PURPOSE: EDUCATIONAL ASSISTANCE | $7,000 |