Ralph L & Florence A Bernard Foundation
- Assets
- $3.4m
- Revenue
- $425.9k
- Investments
- $3.3m
- Employees
- 0
- Location
- Akron, OH
- Founding
- 03/1999
- Data as of
- 12/2022
- 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 12/2022, Ralph L & Florence A Bernard Foundation generated $425.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $426.5k during the year ending 12/2022. While expenses have increased by 11.6% 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 18 individual grants totaling $890,250. 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 |
|---|---|---|---|
Regina A Dain Vice-President | 1 | $0 | |
Adam Bernard Vice-President | 1 | $0 | |
Angela Bernard Craig Executive Director/president/treasurer | 20 | $48,000 | |
Lesley Weigand Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $75 |
| Dividends & Interest | $111,659 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $314,176 |
| Capital Gain Net Income | $314,176 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $425,910 |
| 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 | $10,819 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $98,348 |
| Contributions, gifts, grants paid | $328,125 |
| Total expenses and disbursements | $426,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $145,832 |
| 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 | $1,567,476 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,434,068 |
| 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 $328,125 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHBISHOP HOBAN HIGH SCHOOL PURPOSE: FOR GENERAL OPERATING NEEDS OF THE ORGANIZATION | $106,375 |
HOLY CROSS HIGH SCHOOL PURPOSE: FOR GENERAL OPERATING NEEDS OF THE ORGANIZATION | $13,000 |
OUR LADY OF GOOD COUNSEL SCHOOL PURPOSE: FOR GENERAL OPERATING NEEDS OF THE ORGANIZATION | $5,000 |
OUR LADY OF THE ELMS HIGH SCHOOL PURPOSE: FOR GENERAL OPERATING NEEDS OF THE ORGANIZATION | $102,500 |
ST VINCENT - ST MARY HIGH SCHOOL PURPOSE: FOR GENERAL OPERATING NEEDS OF THE ORGANIZATION | $101,250 |