Leona And Ralph W Kern Foundation
- Assets
- $20.5m
- Revenue
- $2.7m
- Investments
- $14.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2016
- Data as of
- 12/2022
- EIN
- 37-6560613
Organization Overview
Leona And Ralph W Kern Foundation is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Leona And Ralph W Kern 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, Leona And Ralph W Kern Foundation generated $2.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $610.2k during the year ending 12/2022. While expenses have increased by 8.1% per year over the past 6 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 2017, Leona And Ralph W Kern Foundation has awarded 37 individual grants totaling $3,800,502. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William D Kern Trustee, Executive Director | 3 | $0 | |
Leona Kern Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,200,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $486,752 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,613 |
| Capital Gain Net Income | $28,613 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,715,365 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,500 |
| Total operating and administrative expenses | $18,034 |
| Contributions, gifts, grants paid | $592,167 |
| Total expenses and disbursements | $610,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,615,362 |
| Savings and temporary cash investments | $0 |
| 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 | $20,514,666 |
| 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, Leona And Ralph W Kern Foundation has awarded $592,167 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FRACTURED ATLAS INC PURPOSE: GENERAL PURPOSE | $40,000 |
NATIONAL YIDDISH BOOK CENTER PURPOSE: GENERAL PURPOSE | $125,000 |
NEW YORK CITY BALLET PURPOSE: GENERAL PURPOSE | $150,000 |
THE EDUCATIONAL ALLIANCE INC PURPOSE: GENERAL PURPOSE | $10,500 |
THE PHILHARMONIC SYMPHONY SOCIETY OF NY INC PURPOSE: GENERAL PURPOSE | $100,000 |
THE METROPOLITAN OPERA PURPOSE: GENERAL PURPOSE | $166,667 |