Ceres Foundation Inc

Charleston, SC
Tax-exempt since Nov. 1999
EIN: 58-2479387

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$678k (2023)

Expenses

$1.86M (2023)

Total Assets

$26.8M (2023)

Total Liabilities

$5.67k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$678,307

Expenses

$1,863,218

Net Income

-$1,184,911

Net Assets

$26,757,754

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$256,065	37.8%
Dividends	$595,290	87.8%
Sales of Assets	-$178,842
Other Income	$5,794	0.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,485,964	79.8%
Compensation of Officers*	$170,841	9.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$26,763,419
Total Liabilities	$5,665
Net Assets	$26,757,754

Compensation

Key Employees and Officers	Compensation	Other
Stephen L Gavel (President/Exec. Director)	$170,841	$39,675
Frank Gavel Jr (Secretary/Vice President)	$0	$0
Linda Gavel Webb (Treasurer/Vice President)	$0	$0

990-PF

Filed on Feb. 10, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$1,792,822

Expenses

$1,797,248

Net Income

-$4,426

Net Assets

$27,942,665

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$182,279	10.2%
Dividends	$582,514	32.5%
Sales of Assets	$1,019,328	56.9%
Other Income	$8,701	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,386,577	77.2%
Compensation of Officers*	$148,557	8.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$27,946,564
Total Liabilities	$3,899
Net Assets	$27,942,665

Compensation

Key Employees and Officers	Compensation	Other
Stephen L Gavel (President/Exec. Director)	$148,557	$34,500
Frank Gavel Jr (Secretary/Vice President)	$0	$0
Linda Gavel Webb (Treasurer/Vice President)	$0	$0

990-PF

Filed on Dec. 1, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$2,452,070

Expenses

$1,779,725

Net Income

$672,345

Net Assets

$27,947,091

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$154,201	6.3%
Dividends	$578,035	23.6%
Sales of Assets	$1,706,763	69.6%
Other Income	$13,071	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,412,694	79.4%
Compensation of Officers*	$148,557	8.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$27,950,946
Total Liabilities	$3,855
Net Assets	$27,947,091

Compensation

Key Employees and Officers	Compensation	Other
Stephen L Gavel (President/Exec. Director)	$148,557	$38,000
Frank Gavel Jr (Secretary/Vice President)	$0	$0
Linda Gavel Webb (Treasurer/Vice President)	$0	$0

990-PF

Filed on Dec. 23, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$1,082,599

Expenses

$1,609,317

Net Income

-$526,718

Net Assets

$27,274,746

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$210,522	19.4%
Dividends	$567,447	52.4%
Sales of Assets	$302,535	27.9%
Other Income	$2,095	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,287,021	80.0%
Compensation of Officers*	$118,415	7.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$27,278,213
Total Liabilities	$3,467
Net Assets	$27,274,746

Compensation

Key Employees and Officers	Compensation	Other
Stephen L Gavel (President/Exec. Director)	$118,415	$27,000
Frank Gavel Jr (Secretary/Vice President)	$0	$0
Linda Gavel Webb (Treasurer/Vice President)	$0	$0

990-PF

Filed on Nov. 8, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$1,440,251

Expenses

$1,757,038

Net Income

-$316,787

Net Assets

$27,801,464

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$251,973	17.5%
Dividends	$573,451	39.8%
Sales of Assets	$608,242	42.2%
Other Income	$6,585	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,481,388	84.3%
Compensation of Officers*	$137,220	7.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$28,001,874
Total Liabilities	$200,410
Net Assets	$27,801,464

Compensation

Key Employees and Officers	Compensation	Other
Stephen L Gavel (President/Exec. Director)	$113,687	$23,533
Frank Gavel Jr (Secretary/Vice President)	$0	$0
Linda Gavel Webb (Treasurer/Vice President)	$0	$0

990-PF

Filed on June 15, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$1,616,624

Expenses

$2,025,818

Net Income

-$409,194

Net Assets

$28,118,251

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$266,178	16.5%
Dividends	$402,570	24.9%
Sales of Assets	$945,163	58.5%
Other Income	$2,713	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,629,910	80.5%
Compensation of Officers*	$142,465	7.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$28,417,459
Total Liabilities	$299,208
Net Assets	$28,118,251

Compensation

Key Employees and Officers	Compensation	Other
Stephen L Gavel (President/Exec. Director)	$118,415	$24,050
Frank Gavel Jr (Secretary/Vice President)	$0	$0
Linda Gavel Webb (Treasurer/Vice President)	$0	$0

990-PF

Filed on May 17, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$1,882,785

Expenses

$1,835,495

Net Income

$47,290

Net Assets

$28,527,445

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$270,356	14.4%
Dividends	$414,077	22.0%
Sales of Assets	$1,183,891	62.9%
Other Income	$14,461	0.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,410,077	76.8%
Compensation of Officers*	$96,885	5.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$28,829,706
Total Liabilities	$302,261
Net Assets	$28,527,445

Compensation

Key Employees and Officers	Compensation	Other
Stephen L Gavel (President/Exec. Director)	$96,885	$23,975
Frank Gavel Jr (Secretary/Vice President)	$0	$0
Linda Gavel Webb (Treasurer/Vice President)	$0	$0

990-PF

Filed on May 14, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2016

Revenue

$223,856

Expenses

$1,867,372

Net Income

-$1,643,516

Net Assets

$28,480,155

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$118,193	52.8%
Dividends	$453,513	> 100%
Sales of Assets	-$395,380
Other Income	$47,530	21.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,376,686	73.7%
Compensation of Officers*	$96,885	5.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$28,899,541
Total Liabilities	$419,386
Net Assets	$28,480,155

Compensation

Key Employees and Officers	Compensation	Other
Stephen L Gavel (President/Exec. Director)	$96,885	$22,025
Frank Gavel Jr (Treasurer)	$0	$0
Linda Gavel Webb (Vice President)	$0	$0
Sharon O'quinn (Secretary)	$0	$0

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990-PF

Filed on May 15, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$3,113,200

Expenses

$1,860,576

Net Income

$1,252,624

Net Assets

$30,123,671

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$131,557	4.2%
Dividends	$547,941	17.6%
Sales of Assets	$2,426,032	77.9%
Other Income	$7,670	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,366,051	73.4%
Compensation of Officers*	$96,888	5.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$30,572,332
Total Liabilities	$448,661
Net Assets	$30,123,671

Compensation

Key Employees and Officers	Compensation	Other
Stephen L Gavel (President/Exec. Director)	$96,888	$24,900
Frank Gavel Jr (Treasurer)	$0	$0
Linda Gavel Webb (Vice President)	$0	$0
Sharon O'quinn (Secretary)	$0	$0

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990-PF

Filed on April 2, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$2,682,388

Expenses

$1,890,246

Net Income

$792,142

Net Assets

$28,871,047

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$167,943	6.3%
Dividends	$382,311	14.3%
Sales of Assets	$2,119,018	79.0%
Other Income	$13,116	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,387,967	73.4%
Compensation of Officers*	$96,885	5.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$29,239,555
Total Liabilities	$368,508
Net Assets	$28,871,047

Compensation

Key Employees and Officers	Compensation	Other
Stephen L Gavel (President/Exec. Director)	$96,885	$0
Frank Gavel Jr (Treasurer)	$0	$0
Linda Gavel Webb (Vice President)	$0	$0
Sharon O'quinn (Secretary)	$0	$0

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990-PF

Filed on April 10, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$2,358,046

Expenses

$1,650,275

Net Income

$707,771

Net Assets

$28,078,905

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$258,664	11.0%
Dividends	$316,401	13.4%
Sales of Assets	$1,770,955	75.1%
Other Income	$12,026	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,242,697	75.3%
Compensation of Officers*	$60,000	3.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$28,333,785
Total Liabilities	$254,880
Net Assets	$28,078,905

Compensation

Key Employees and Officers	Compensation	Other
Stephen L Gavel (President (From Sept.) /Exec. Director)	$60,000	$0
Diane D Terni (President/Director (Thru August))	$0	$0
Frank Gavel Jr (Vice President/Director)	$0	$0
Linda Gavel Webb (Vice President/Director)	$0	$0

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990-PF

Filed on May 15, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2012

Revenue

$2,154,110

Expenses

$1,637,917

Net Income

$516,193

Net Assets

$27,371,140

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$289,503	13.4%
Dividends	$340,253	15.8%
Sales of Assets	$1,516,644	70.4%
Other Income	$7,710	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,264,095	77.2%
Compensation of Officers*	$60,000	3.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$27,372,456
Total Liabilities	$1,316
Net Assets	$27,371,140

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,769,139

Expenses

$1,933,070

Net Income

-$163,931

Net Assets

$26,854,947

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$338,563	19.1%
Dividends	$323,002	18.3%
Sales of Assets	$1,105,207	62.5%
Other Income	$2,367	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,283,030	66.4%
Compensation of Officers*	$60,000	3.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$26,856,263
Total Liabilities	$1,316
Net Assets	$26,854,947

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

Primary tax return for a private foundation's activities, finances, and governance

PDF

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Ceres Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $678k (2023)

Expenses $1.86M (2023)

Total Assets $26.8M (2023)

Total Liabilities $5.67k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$678k (2023)

Expenses

$1.86M (2023)

Total Assets

$26.8M (2023)

Total Liabilities

$5.67k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001