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Ceres Foundation Inc

Organization summary

Type of Nonprofit

Designated as a 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.

Summary charts: organization finances over time

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

Extracted Financial Data

Extracted Financial Data from Form 990-PF
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

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
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

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
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

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
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

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
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

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
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

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
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

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
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

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
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

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
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

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
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

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
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

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
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

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

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

Document Links

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Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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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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