The Peter C Kern Family Foundation
- Assets
- $748.0k
- Revenue
- $28.8k
- Investments
- $740.8k
- Employees
- 0
- Location
- Pilot Point, TX
- Founding
- 04/2017
- Data as of
- 12/2022
- EIN
- 81-2468541
Organization Overview
The Peter C Kern Family Foundation is located in Pilot Point, TX. The organization was established in 2017. 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. Peter C Kern Family 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, Peter C Kern Family Foundation generated $28.8k in total revenue. All expenses for the organization totaled $61.0k during the year ending 12/2022. While expenses have increased by 22.1% 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, Peter C Kern Family Foundation has awarded 38 individual grants totaling $186,244. 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 |
|---|---|---|---|
John A Cochran Co- Mgt. Trustee | 1 | $1,870 | |
Dan Flagg Co-Mgt. Trustee | 1 | $1,870 | |
Colin M Siedor Co-Mgt Trustee | 1 | $1,870 | |
Benjamin G Lipman Co-Mgt. Trustee | 1 | $1,870 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $231 |
| Dividends & Interest | $28,538 |
| 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 | $28,769 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,480 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $38 |
| Depreciation | $0 |
| Occupancy | $300 |
| Travel, conferences, and meetings | $300 |
| Printing and publications | $0 |
| Other expenses | $27 |
| Total operating and administrative expenses | $16,034 |
| Contributions, gifts, grants paid | $44,928 |
| Total expenses and disbursements | $60,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,181 |
| Savings and temporary cash investments | $2,995 |
| 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 | $747,994 |
| 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 | $9,330 |
| Total liabilities | $9,330 |
Grants Awarded
Over the last fiscal year, The Peter C Kern Family Foundation has awarded $44,928 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
NOAH'S ARK SPCA PURPOSE: EDUCATIONAL PROGRAMS | $7,488 |
ALAQUA ANIMAL REFUGE PURPOSE: ANIMAL RESCUE | $7,488 |
CARE NET PURPOSE: PUBLIC HEALTH AWARENESS | $2,000 |
DOGS & CATS FOREVER PURPOSE: ANIMAL RESCUE | $3,488 |
GRACEWAY VILLAGE PURPOSE: PUBLIC HEALTH AWARENESS | $2,000 |
ANSWER INTERNATIONAL PURPOSE: COMBAT HUMAN TRAFFICKLING | $5,488 |