Rene Kern Family Foundation
- Assets
- $10.8m
- Revenue
- $1.6m
- Investments
- $9.8m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/2017
- Data as of
- 12/2023
- EIN
- 81-4372103
Organization Overview
Rene Kern Family Foundation is located in Wilmington, DE. The organization was established in 2017. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Rene 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 12/2023, Rene Kern Family Foundation generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $692.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Rene Kern Family Foundation has awarded 16 individual grants totaling $937,500. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marie-France Kern Co- Pres, Dir, Sec | 1 | $0 | |
Rene Kern Co- Pres, Dir, Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $1,280 |
| Dividends & Interest | $25,769 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $551,542 |
| Capital Gain Net Income | $551,542 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $46,788 |
| Total Revenue | $1,625,379 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,853 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39,917 |
| Total operating and administrative expenses | $92,920 |
| Contributions, gifts, grants paid | $600,000 |
| Total expenses and disbursements | $692,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $985,001 |
| 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 | $8,731,729 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,753,166 |
| 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, Rene Kern Family Foundation has awarded $630,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERS BIG SISTERS OF AMERICA PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
COLLEGE BOUND INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
HOPE ANIMAL RESCUE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
INTERNATIONAL CENTER OF PHOTOGRAPHY PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
MEALS ON WHEELS OF DURHAM INC PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
PLANNED PARENTHOOD OF GREATER TEXAS PURPOSE: GENERAL & UNRESTRICTED | $2,000 |