Ralph L & Florence A Bernard Foundation
- Assets
- $3.4m
- Revenue
- $402.7k
- Investments
- $3.2m
- Employees
- 0
- Location
- Akron, OH
- Founding
- 03/1999
- Data as of
- 12/2021
- EIN
- 34-1867382
Organization Overview
Ralph L & Florence A Bernard Foundation is located in Akron, OH. The organization was established in 1999. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ralph L & Florence A Bernard 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, Ralph L & Florence A Bernard Foundation generated $402.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $343.0k during the year ending 12/2021. While expenses have increased by 1.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ralph L & Florence A Bernard Foundation has awarded 13 individual grants totaling $562,125. 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 |
|---|---|---|---|
Angela Bernard Craig Executive Director/president/treasurer | 20 | $48,000 | |
Regina A Dain Vice-President | 1 | $0 | |
Adam Bernard Vice-President | 1 | $0 | |
Lesley Weigand Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $31 |
| Dividends & Interest | $109,799 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $291,729 |
| Capital Gain Net Income | $291,729 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,099 |
| Total Revenue | $402,658 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,328 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,448 |
| Total operating and administrative expenses | $105,843 |
| Contributions, gifts, grants paid | $237,125 |
| Total expenses and disbursements | $342,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $233,230 |
| 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 | $1,579,107 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,434,631 |
| 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 | $1,106 |
| Total liabilities | $1,106 |
Grants Awarded
Over the last fiscal year, Ralph L & Florence A Bernard Foundation has awarded $237,125 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Akron, OH PURPOSE: FOR GENERAL OPERATING NEEDS OF THE ORGANIZATION | $95,000 |
Akron, OH PURPOSE: FOR GENERAL OPERATING NEEDS OF THE ORGANIZATION | $90,125 |
THE JOSEPH FUND OF CAMDEN PURPOSE: FOR GENERAL OPERATING NEEDS OF THE ORGANIZATION | $30,000 |
HOLY CROSS HIGH SCHOOL PURPOSE: FOR GENERAL OPERATING NEEDS OF THE ORGANIZATION | $12,000 |
Akron, OH PURPOSE: FOR GENERAL OPERATING NEEDS OF THE ORGANIZATION | $5,000 |
Moorestown, NJ PURPOSE: FOR GENERAL OPERATING NEEDS OF THE ORGANIZATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
Ohio University Foundation Athens, OH | $641,559,157 | $75,179,430 |
Iu Medical Group Foundation Inc Indianapolis, IN | $256,189,183 | $45,380,536 |
Western Michigan University Foundation Kalamazoo, MI | $431,026,780 | $43,479,998 |
Pelotonia Columbuus, OH | $27,807,886 | $34,892,875 |
Wku Student Life Foundation Inc Bowling Green, KY | $178,491,745 | $30,600,200 |
Foundation For Indiana University Of Pennsylvania Indiana, PA | $226,911,998 | $27,994,482 |
Miami University Foundation Inc Oxford, OH | $724,573,926 | $28,643,439 |
Bowling Green State University Foundation Inc Bowling Green, OH | $269,755,787 | $28,051,237 |
Ball State University Foundation Muncie, IN | $262,845,495 | $25,627,270 |
The University Of Toledo Foundation Toledo, OH | $690,162,176 | $41,543,760 |
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |