Francis Kerscher Foundation
- Assets
- $476.7k
- Revenue
- $9.5k
- Investments
- $254.1k
- Employees
- 0
- Location
- Sun City Center, FL
- Founding
- 07/1966
- Data as of
- 12/2023
- EIN
- 39-6094544
Organization Overview
Francis Kerscher Foundation is located in Sun City Center, FL. The organization was established in 1966. 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. Francis Kerscher 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 12/2023, Francis Kerscher Foundation generated $9.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $11.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Francis Kerscher Foundation has awarded 186 individual grants totaling $261,743. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARQUETTE UNIVERSITY 1250 WEST WISCONSIN AVENUE MILWAUKEE, WI 53201
FRIENDS OF ST. PATRICKP.O. BOX 435REEDSVILLE, WI 54230
LIGHTHOUSE RECOVERY COMMUNITY CENTER721 PARK STREETMANITOWOC, WI 54220
MARY & MARTHA HOUSEP.O. BOX 1251RUSKIN, FL 33575
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Kerscher Trustee | 0 | $0 | |
Mary Golden Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $327 |
| Dividends & Interest | $9,222 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,549 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $66 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $428 |
| Total operating and administrative expenses | $2,874 |
| Contributions, gifts, grants paid | $8,446 |
| Total expenses and disbursements | $11,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,578 |
| Savings and temporary cash investments | $201,006 |
| 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 | $476,670 |
| 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, Francis Kerscher Foundation has awarded $8,446 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MARY & MARTHA HOUSE PURPOSE: CHARITABLE | $50 |
MARQUETTE UNIVERSITY PURPOSE: EDUCATION | $8,196 |
FRIENDS OF ST PATRICK PURPOSE: RELIGION | $100 |
LIGHTHOUSE RECOVERY COMMUNITY CENTER PURPOSE: CHARITABLE | $100 |