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Filing year 2024

THE GERHARD FOUNDATION INC

Cleveland, Ohio·EIN 34-1659675·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$3.2M
Total assets
$8.7M
Total expenses
$454k
Reported officers
3

Executive compensation

Form 990-PF · Part VIII · 3 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Ohio.

Secretary
Board Secretary
Median to 75th percentile
$18k
$19k
President
Board President
25th percentile to median
$18k
$19k
Treasurer
Board Treasurer
Median to 75th percentile
$18k
$19k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at THE GERHARD FOUNDATION INC equaled 4% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
4%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$300k

Itemized grants

6

Median grant

$53k

RecipientLocationPurposeAmount
CLEVELAND LUTHERAN HIGH SCHOOL ASSNCLEVELAND, OH1/2 DISCRETIONARY 1/2 SCHOLARSHIPS$75k
VALPARAISO UNIVERSITYVALPARAISO, INDISCRETIONARY$75k
BALDWIN WALLACE UNIVERSITYBEREA, OHDISCRETIONARY$60k
MUSICAL ARTS ASSOCIATIONCLEVELAND, OHDISCRETIONARY$45k
THE CITY MISSIONCLEVELAND, OHDISCRETIONARY$30k
MEDINA COMMUNITY HOSPITALMEDINA, OHDISCRETIONARY$15k
Compare this foundation's grantees

Fell 7%
over 3 years

From $19k in 2021 to $18k in 2024.

$19k
2021
$17k
2023
$18k
2024
In today's dollarsEst.
Down 19% in real terms$24k to $19k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board President pay fell 7% from 2021 to 2024, while revenue rose 450%.

$19k in 2021 to $18k in 2024.
  • Board Secretary pay fell 7% from 2021 to 2024.
  • Board Treasurer pay fell 7% from 2021 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2021 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about THE GERHARD FOUNDATION INC

What does the Board Secretary of THE GERHARD FOUNDATION INC earn?

In 2024, the Board Secretary of THE GERHARD FOUNDATION INC received $17,900 in total compensation. This pay is above the median (the midpoint) for Board Secretary roles among Philanthropy, Voluntarism & Grantmaking organizations in Ohio, within the top half of comparable filings. Based on IRS Form 990 data.

How does Board Secretary pay at THE GERHARD FOUNDATION INC compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Ohio, the 2024 pay of the Board Secretary at THE GERHARD FOUNDATION INC falls between the median and the 75th percentile. In 2024, the highest total compensation at THE GERHARD FOUNDATION INC equaled 4% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are THE GERHARD FOUNDATION INC's revenue and expenses?

In 2024, THE GERHARD FOUNDATION INC reported $3.2M in total revenue and $454k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.