Ronald And Catherine Gershman Foundation
- Assets
- $15.1m
- Revenue
- $1.7m
- Investments
- $10.3m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 02/2000
- Data as of
- 12/2021
- EIN
- 95-7075530
Organization Overview
Ronald And Catherine Gershman Foundation is located in Los Angeles, CA. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ronald And Catherine Gershman 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 12/2021, Ronald And Catherine Gershman Foundation generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.1%) 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald A Gershman Trustee | 3 | $0 | |
Catherine Gershman Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wendi Marafino Photography | 12/30/18 | $68,000 |
Michelle Loera | 12/30/18 | $58,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $153,226 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,498,053 |
| Capital Gain Net Income | $1,498,053 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,651,279 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,000 |
| Depreciation | $135,866 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $105,950 |
| Total operating and administrative expenses | $286,599 |
| Contributions, gifts, grants paid | $1,454,822 |
| Total expenses and disbursements | $1,741,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,168,748 |
| Savings and temporary cash investments | $622,316 |
| 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 | $31,930 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,824,954 |
| Other assets | $107,209 |
| Total assets | $15,100,870 |
| Accounts payable and accrued expenses | -$3,736 |
| 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 | $38,427 |
| Total liabilities | $34,691 |
Grants Awarded
Over the last fiscal year, Ronald And Catherine Gershman Foundation has awarded $1,454,822 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BEST FRIENDS ANIMAL SOCIETY NO-KILLPET ADOPTION CTR PURPOSE: SAVING DOGS CATS FROM HIGH-KILL SHELTERS PET ADOPTIONS SOME EXPS PAID FOR BENEFIT OF BFAS | $604,822 |
Los Angeles, CA PURPOSE: ...LIFESAVING MEDICAL RESEARCH AND OFFER EDUCATION PROGRAMS THAT DEFINE THE FUTURE OF HEALTHCARE. | $500,000 |
Santa Monica, CA PURPOSE: MEDICAL PSYCHIATRIC SRVS. FORENSIC EXAMS MENTAL HLTH. SRVS. FOR VICTIMS OF SEXUAL ASSAULT. | $250,000 |
UNIVERSITY OF SO CAL HEAL PROGRAM PURPOSE: EDUCATION, SCHOLARSHIPS, RESEARCH. | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The 1440 Foundation Saratoga, CA | $206,653,487 | $19,808,457 |
Merkin Family Foundation Marina Del Rey, CA | $241,752,328 | $31,870,945 |
Hopper-Dean Foundation Menlo Park, CA | $45,438,431 | $29,723,797 |
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Connie And Bob Lurie Foundation Inc Redwood City, CA | $112,597,495 | $25,457,180 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Meadowview Foundation San Rafael, CA | $189,484,174 | $15,305,967 |
Pwb Foundation San Francisco, CA | $347,304,916 | $12,423,770 |
Jeffrey Carlton Charitable Foundation Udt Dated April 10 2009 Villa Park, CA | $0 | $7,778,728 |
Autodesk Foundation San Francisco, CA | $47,337 | $16,300,000 |
Priem Family Foundation Burlingame, CA | $0 | -$4,034,198 |