Paul And Marian Gerhart Charitable Fund
- Assets
- $2.9m
- Revenue
- $166.6k
- Investments
- $2.8m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 11/2019
- Data as of
- 12/2023
- EIN
- 83-2486909
Organization Overview
Paul And Marian Gerhart Charitable Fund is located in Wilmington, DE. The organization was established in 2019. 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. Paul And Marian Gerhart Charitable Fund 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, Paul And Marian Gerhart Charitable Fund generated $166.6k 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 (44.4%) each year. All expenses for the organization totaled $145.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Paul And Marian Gerhart Charitable Fund has awarded 34 individual grants totaling $472,000. 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 |
|---|---|---|---|
Andrew V Bickford Dir, Treas | 1 | $2,000 | |
Benjamin Gray Bickford Dir, VP | 1 | $500 | |
Charles G Bickford Dir, VP | 1 | $500 | |
Marian Gerhart Dir, Pres, Sec | 1 | $0 | |
Annie Howe Novak Dir, VP | 1 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $200 |
| Dividends & Interest | $99,285 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $67,157 |
| Capital Gain Net Income | $67,157 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $166,642 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,525 |
| Total operating and administrative expenses | $37,568 |
| Contributions, gifts, grants paid | $108,000 |
| Total expenses and disbursements | $145,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $45,111 |
| 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 | $2,869,832 |
| 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, Paul And Marian Gerhart Charitable Fund has awarded $108,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
FULTON THEATRE COMPANY PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
FRIENDS OF THE SISTERS OF ST JOSEPH OF SPRINGFIELD PURPOSE: FOR THE PUBLICATION OF THE MEMOIR OF SR. J F MORRISSEY | $3,000 |
LANCASTERHISTORY ORG PURPOSE: FOR THE THADDEUS STEVENS AND LYDIA HAMILTON SMITH CENTER FOR HISTORY AND DEMOCRACY | $25,000 |
WATER STREET MINISTRIES PURPOSE: GENERAL & UNRESTRICTED | $30,000 |
LANCASTERHISTORY ORG PURPOSE: GENERAL & UNRESTRICTED | $30,000 |