Mission
FINANCIAL SUPPORT FOR NEEDY INDIVIDUALS AND ORGANIZATIONS IN THE TEAM MODERN SERVICE AREA
Small Public Charity
MODERN FUND INC
MODERN FUND INC, of SOMERSET, KY, is a Small Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $50K in revenue, $102K in expenses, $59K in total assets. 4 publicly reported grants to this organization, totaling roughly $28K, appear in IRS filings.
EIN: 464128819
SOMERSET, KY
Human Services N.E.C.
NTEE: P99
Latest filing: 2025
Total Revenue$50K
Total Expenses$102K
Total Assets$59K
Grant Records4
Funding Total$28K
Filing Years2021–2025
Sample Grants Received
GENERAL PURPOSES
$10,000
GENERAL PURPOSES
$12,000
$5,000
$1,500
Showing up to 5 of 4 total records — full history available with membership.
Officers & Directors
DIRECTOR
Barrett Harris
DIRECTOR
Edwin Phelps
DIRECTOR
Robert M Ray
CHAIRMAN
William M Ray
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $50K | $102K | $59K |
| 2024 | $60K | $34K | $111K |
| 2023 | $68K | $28K | $85K |
| 2022 | $91K | $61K | $45K |
| 2021 | $55K | $87K | $15K |
Between 2021 and 2025, reported annual revenue declined from $55K to $50K (-9%), with total assets most recently reported at $59K.
Interactive year-over-year charts and full filing details available with membership.