The Kerr Foundation Inc

Nonprofit profile at a glance

EIN
731256122
IRS 990-PF coverage
2011–2024
Forms available
Form 990-PF 2024
Location
Oklahoma City, OK, USA
Phone
4057492877
Rating
81
Verdict
STRONG
Rating confidence
Standard

Reported finances

Revenue
$1,203,247
Expenses
$1,794,783

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

The Kerr Foundation Inc is a nonprofit. Location: Oklahoma City, OK. EIN 731256122. Tax year 2024 Form 990-PF reports $1.2M revenue and $1.8M expenses.

What it reported funding in 2024

The foundation reported 65 grants totaling $206,790. The stated grant purposes included to provide securityplus hardware upgrades for existing clients as well as oklahoma nonprofits waiting for service., for general program support, and to support the allied arts 2024 campaign for the arts, plus 62 other reported purposes.

Operating model

Revenue model
Investment-supported. 97% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Direct operator. The foundation carried out 83% of its reported charitable disbursements directly.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. A relatively small share of spending goes to grants and the filing reports one or more activities that warrant closer review.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 12
  • Transparency: 100
  • Compliance: 94
  • Endowment Health: 95

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 54th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 11.5%; rating input score 12; 8th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 17 of 19 controls in place; rating input score 89
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Fail
    • Compensation paid to a disqualified person: Fail
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 104.82; rating input score 95; 95th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 95th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 75 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Cost Efficiency: Grant expense ratio scored 12/100.
  • Review — Compliance: Part VII-B activity disclosures: 2 of 19 not reported.