Corvettes for Kids Inc
Corvettes for Kids Inc is a private foundation focused on Human services, based in Gilbertsville, PA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $124K in total assets. In 2025, it made $985 in qualifying distributions. Net investment income was $5K.
Key facts about Corvettes for Kids Inc
- EIN
- 23-2656420
- Latest 990 filing
- Form 990-PF, 2025
- Total assets
- $123,903
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$124K
+3.4% YoY
Revenue
$5K
+21.6% YoY
Qualifying Distributions
$985
+22.7% YoY
Expenses
$985
+22.7% YoY
Under IRS private-foundation payout rules, Corvettes for Kids Inc reported a distributable amount of $5K for 2025 — the minimum it must pay out in qualifying distributions.
How Corvettes for Kids Inc gives
- Giving fell 61% from 2021 to 2024. Method
- In 2025 it paid out 18% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $642 (2024) to $11K (2022). In 2024 it made 1 grant totaling $642.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Giving History
Grant recipients and amounts by year
No grants recorded for 2025.
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $123,903 | $119,823 | $116,461 |
| Revenue | $5,065 | $4,165 | $3,126 |
| Expenses | $985 | $803 | $11,516 |
| Qualifying Distributions | $985 | $803 | $11,516 |
| Net Investment Income | $5,065 | $4,165 | $3,126 |
| Distributable Amount | $5,465 | $5,100 | $5,023 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Leadership & Key People
Officers and directors from IRS filings
Corvettes for Kids Inc is led by Sherwood Conrad Jr., President on every filing since 2021; none of the 6 officers listed in 2025 report compensation.
Officers on the 2025 filing
Sherwood Conrad Jr.
President
On filings since 2021
2 hrs/week
No compensation reported
Andrew Rumford
Board Member
On filings since 2021
1 hr/week
No compensation reported
Diane Chernaskey
Board Member
On filings since 2021
1 hr/week
No compensation reported
Kenneth Bingener
Board Member
On filings since 2021
1 hr/week
No compensation reported
Martha Conrad
Board Member
On filings since 2021
1 hr/week
No compensation reported
Michael J. Black
Treasurer
On filings since 2021
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Corvettes for Kids Inc
How large is Corvettes for Kids Inc?
Corvettes for Kids Inc reported $124K in total assets on its 2025 IRS Form 990-PF. It paid out $985 in qualifying distributions that year, against a required minimum of $5K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Corvettes for Kids Inc?
Corvettes for Kids Inc is a private foundation focused on Human services, based in Gilbertsville, PA. It holds $124K in total assets as of 2025.
Where does Corvettes for Kids Inc operate?
Corvettes for Kids Inc has awarded grants in Pennsylvania.
What is Corvettes for Kids Inc's EIN?
Corvettes for Kids Inc's EIN (Employer Identification Number) is 23-2656420. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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