David Berg Foundation Inc
- Assets
- $92.1m
- Revenue
- $1.6m
- Investments
- $84.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1994
- Data as of
- 12/2022
- EIN
- 13-3753217
Organization Overview
David Berg Foundation Inc is located in New York, NY. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. David Berg Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, David Berg Foundation Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $6.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, David Berg Foundation Inc has awarded 971 individual grants totaling $50,042,024. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele C Tocci President/director | 40 | $693,205 | |
William D Zabel Treasurer/director | 0.5 | $0 | |
H Jerome Zoffer Secretary/director | 0.5 | $0 | |
Valerie Tocci Longobardi Director | 0.5 | $0 | |
Theresa May V.P. Administration | 40 | $186,932 | |
Sarah Kukin Grant Manager | 40 | $123,800 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ubs Private Wealth Management | 12/30/22 | $184,703 |
Seven Bridges Advisors Llc | 12/30/22 | $115,346 |
Muse-on Llc | 12/30/22 | $168,000 |
Schulte Roth & Zabel | 12/30/22 | $91,345 |
Pkf O'connor Davies Llp | 12/30/22 | $67,280 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $44,000 |
| Interest on Savings | $2,362 |
| Dividends & Interest | $780,816 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $760,244 |
| Capital Gain Net Income | $1,133,016 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,587,422 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $693,205 |
| Other employee salaries and wages | $325,638 |
| Pension plans, employee benefits | $488,862 |
| Interest | $0 |
| Taxes | $66,912 |
| Depreciation | $0 |
| Occupancy | $87,769 |
| Travel, conferences, and meetings | $11,947 |
| Printing and publications | $0 |
| Other expenses | $93,820 |
| Total operating and administrative expenses | $2,482,066 |
| Contributions, gifts, grants paid | $4,043,668 |
| Total expenses and disbursements | $6,525,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278,216 |
| Savings and temporary cash investments | $3,116,323 |
| Net Accounts receivable | $4,127,750 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $155,369 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $75,087,859 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $72,290 |
| Total assets | $92,111,239 |
| Accounts payable and accrued expenses | $60,090 |
| Grants payable | $2,475,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $368,778 |
| Total liabilities | $2,903,868 |
Grants Awarded
Over the last fiscal year, David Berg Foundation Inc has awarded $4,671,660 in support to 94 organizations.
| Grant Recipient | Amount |
|---|---|
AMER FRIENDS- OXFORD CENTRE FOR HEBREW & JEWISH STUDIES PURPOSE: SEMINAR | $10,000 |
AMER JEWISH JOINT DISTRIBUTION COMMITTEE PURPOSE: HUMANITARIAN EMERGENCY AID | $250,000 |
AMERICAN ALLIANCE OF MUSEUMS PURPOSE: MUSEUM PRACTICES RESEARCH | $50,000 |
AMERICAN FOLK ART MUSEUM PURPOSE: MUSEUM EXHIBITION | $20,000 |
AMERICAN FRIENDS OF BAR-ILAN UNIVERSITY PURPOSE: LEGAL SERVICES | $60,000 |
AMERICAN FRIENDS OF ITIM PURPOSE: LEGAL SERVICES | $65,000 |