Berman Charitable Foundation
- Assets
- $341.9k
- Revenue
- $18.9k
- Investments
- $304.9k
- Employees
- 0
- Location
- Pottstown, PA
- Founding
- 02/1955
- Data as of
- 03/2024
- EIN
- 23-6239058
Organization Overview
Berman Charitable Foundation is located in Pottstown, PA. The organization was established in 1955. 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. Berman Charitable Foundation 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 03/2024, Berman Charitable Foundation generated $18.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $21.7k during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (10.6%) per year over the past 5 years. 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 |
|---|---|---|---|
Jennifer B Scotese President/treasurer | 0.5 | $0 | |
Robert V Scotese Vice President | 0.5 | $0 | |
Joseph S Scotese Jr Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,767 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,182 |
| Capital Gain Net Income | $1,182 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,949 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $82 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,182 |
| Contributions, gifts, grants paid | $19,500 |
| Total expenses and disbursements | $21,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,963 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $289,580 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $341,884 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Berman Charitable Foundation has awarded $19,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE HILL SCHOOL PURPOSE: ANNUAL GIVING | $16,000 |
THE AGNES IRWIN SCHOOL PURPOSE: ANNUAL GIVING | $2,500 |
THE AGNES IRWIN SCHOOL PURPOSE: ANNUAL GIVING | $500 |
THE AGNES IRWIN SCHOOL PURPOSE: ANNUAL GIVING | $500 |