Nonprofit · EIN 73-1256124
GRAYCE B KERR FUND
Tax-exempt · EASTON, MD 21601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $2,715,294 | $2,073,292 | $642,002 | $30,500,282 | $38,083 | $30,462,199 |
| December 31, 2023 | 990-PF | $734,567 | $1,841,681 | -$1,107,114 | $29,840,599 | $20,402 | $29,820,197 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Interest
- $27,865
- Net rental income
- $43,286
- Net gain from sales of assets
- $1,271,946
- Other income
- $1,353,796
Expenses
- Grants and similar amounts paid
- $1,287,104
- Compensation of officers, directors and key employees
- $242,440
- Salaries, compensation and benefits (total)
- $84,854
- Disbursements for charitable purposes
- $1,771,370
- Excise tax on investment income
- $35,557
Balance sheet and other
- Total assets, start of year
- $29,840,599
- Total assets, end of year
- $30,500,282
- Total liabilities, end of year
- $38,083
- Net assets, end of year
- $30,462,199
- Fair market value of assets
- $36,203,485
- Qualifying distributions
- $1,771,370
- Net investment income
- $2,715,294
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN R VALLIANT 117 BAY STREET, EASTON, MD 21601 | PRESIDENT & CEO | 40 | $242,440 | $16,946 |
| MARCY KERR YUKNAT 117 BAY STREET, EASTON, MD 21601 | CHAIR | 1 | $0 | $0 |
| DAVID A YUKNAT 117 BAY STREET, EASTON, MD 21601 | SECRETARY/TREASURER | 1 | $0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN R VALLIANT 117 BAY STREET, EASTON, MD 21601 | PRESIDENT & CEO | 40 | $230,896 | $16,163 |
| MARCY KERR YUKNAT 117 BAY STREET, EASTON, MD 21601 | CHAIR | 1 | $0 | $0 |
| DAVID A YUKNAT 117 BAY STREET, EASTON, MD 21601 | SECRETARY/TREASURER | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 117 BAY ST, EASTON, MD 21601-2769
- Signed the 990-PF
- JOHN R VALLIANT, PRESIDENT
- Phone
- (410) 822-6652
- Website
- WWW.GBKF.ORG
- Return prepared by
- GROSS MENDELSOHN & ASSOCIATES PA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 73-1256124
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $30,500,282
- Income (IRS master file)
- $2,792,920
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $2,715,294 | $2,073,292 | $30,500,282 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $734,567 | $1,841,681 | $29,840,599 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 73-1256124).
Questions about GRAYCE B KERR FUND
- What is the EIN of GRAYCE B KERR FUND?
- The employer identification number (EIN) of GRAYCE B KERR FUND is 73-1256124.
- Is GRAYCE B KERR FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to GRAYCE B KERR FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GRAYCE B KERR FUND file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GRAYCE B KERR FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GRAYCE B KERR FUND last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of GRAYCE B KERR FUND?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $242,440 (JOHN R VALLIANT, PRESIDENT & CEO).
- How much revenue does GRAYCE B KERR FUND have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,715,294, expenses of $2,073,292 and total assets of $30,500,282 at year end.
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