Charles A & Molly Berns Family Foundation Inc
- Assets
- $0.0
- Revenue
- $4.1k
- Investments
- $80.9k
- Employees
- 0
- Location
- Palm Springs, CA
- Founding
- 02/1959
- Data as of
- 04/2019
- EIN
- 13-6160897
Organization Overview
Charles A & Molly Berns Family Foundation Inc is located in Palm Springs, CA. The organization was established in 1959. 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. Charles A & Molly Berns Family 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 04/2019, Charles A & Molly Berns Family Foundation Inc generated $4.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $8.7k during the year ending 04/2019. While expenses have increased by 12.0% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Berns Rothchild President | 5 | $1,000 | |
Abby Berns Solomon Vice President | 5 | $1,000 | |
Steve Solomon Secretary | 5 | $100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,347 |
| Profit on Inventory Sales | $0 |
| Other Income | $948 |
| Total Revenue | $4,052 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,872 |
| Contributions, gifts, grants paid | $6,855 |
| Total expenses and disbursements | $8,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $27,423 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |