Robert S & Grayce B Kerr Foundation Inc
- Assets
- $19.2m
- Revenue
- $2.1m
- Investments
- $17.3m
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 08/1999
- Data as of
- 12/2021
- EIN
- 73-1256123
Organization Overview
Robert S & Grayce B Kerr Foundation Inc is located in Oklahoma City, OK. The organization was established in 1999. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robert S & Grayce B Kerr Foundation Inc 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, Robert S & Grayce B Kerr Foundation Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Robert S & Grayce B Kerr Foundation Inc has awarded 275 individual grants totaling $11,676,275. 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 |
|---|---|---|---|
Kavar Kerr President | 30 | $75,000 | |
Mara Kerr Secretary/ Treasurer | 30 | $50,000 | |
Graycen Mashburn Vice Chairman | 10 | $25,000 | |
Joarthur G Kerr Director | 1 | $0 | |
William G Kerr Chairman | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $625,980 |
| Interest on Savings | $221 |
| Dividends & Interest | $317,378 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,128,355 |
| Capital Gain Net Income | $1,128,355 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,993 |
| Total Revenue | $2,069,941 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $216,174 |
| Other employee salaries and wages | $67,167 |
| Pension plans, employee benefits | $30,510 |
| Interest | $23 |
| Taxes | $25,933 |
| Depreciation | $694 |
| Occupancy | $9,716 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,334 |
| Total operating and administrative expenses | $472,636 |
| Contributions, gifts, grants paid | $1,258,864 |
| Total expenses and disbursements | $1,731,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $672,724 |
| 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 | $9,459,921 |
| Net Land, buildings, and equipment | $2,256 |
| Other assets | $1,264,532 |
| Total assets | $19,234,723 |
| 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, Robert S & Grayce B Kerr Foundation Inc has awarded $1,258,864 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL MUSEUM OF WILDLIFE ART PURPOSE: ART GIFT TO MUSEUM | $906,500 |
NATIONAL MUSEUM OF WILDLIFE ART PURPOSE: GRANT FOR CARL RUNGIUS CATALOGUE RAISONNE (9 YEAR PLEDGE) | $140,000 |
Jackson, WY PURPOSE: OLD BILL'S FUN RUN-SUPPORTS MULTIPLE CHARITIES IN JACKSON, WY | $35,500 |
DIVERSION HUB WAYFINDERS PURPOSE: TRAILBLAZER'S GRANT SPONSOR FOR DIVERSION HUB BENEFIT | $25,000 |
Norman, OK PURPOSE: CM RUSSELL CENTER, GRADUATE ASSISTANT GRANT | $17,500 |
NATIONAL MUSEUM OF WILDLIFE ART PURPOSE: LILLIAN GEMAR EDUCATION INTERNSHIP PLEDGE | $16,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Dental Association Austin, TX | $10,861,399 | $4,136,384 |
The Independent Living Center Inc Joplin, MO | $6,998,222 | $3,154,564 |
Downtown Denver Events Inc Denver, CO | -$3,259,692 | $2,252,393 |
Bos Place Houston, TX | $5,835,899 | $1,943,445 |
Robert S & Grayce B Kerr Foundation Inc Oklahoma City, OK | $19,234,723 | $2,069,941 |
Demolay International Kansas City, MO | $3,448,662 | $1,614,271 |
Kansas City Chapter Of Young Audiences Inc Kansas City, MO | $5,162,996 | $1,143,353 |
Bailey Foundation Saint Louis, MO | $926,334 | $1,827,354 |
Rick C & Belinda G Foundation Fayetteville, AR | $24,298,767 | $2,403,306 |
Northland Shepherds Center Kansas City, MO | $2,507,796 | $914,727 |
Morrison Theatre Company Golden, CO | $5,960,038 | $3,214,249 |
North Texas Business Council For The Arts Dallas, TX | $531,144 | $506,888 |