Philip & Muriel Berman Foundation
- Assets
- $38.9m
- Revenue
- $1.0m
- Investments
- $38.4m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 12/1960
- Data as of
- 12/2022
- EIN
- 23-6270983
Organization Overview
Philip & Muriel Berman Foundation is located in Los Angeles, CA. The organization was established in 1960. 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. Philip & Muriel Berman 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 12/2022, Philip & Muriel Berman Foundation generated $1.0m 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 (10.5%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Philip & Muriel Berman Foundation has awarded 488 individual grants totaling $14,647,603. 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 |
|---|---|---|---|
Nancy M Berman President/executive Director | 25 | $120,000 | |
Alan J Bloch Vp, Treasurer | 20 | $50,000 | |
Rebecca Bloch Secretary/deputy Director | 25 | $56,201 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Merrill Lynch | 12/30/22 | $161,573 |
Angeles Wealth Mgmt Llc | 12/30/22 | $215,265 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $572 |
| Dividends & Interest | $588,935 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $158,927 |
| Capital Gain Net Income | $160,368 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $272,350 |
| Total Revenue | $1,020,784 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $226,201 |
| Other employee salaries and wages | $52,800 |
| Pension plans, employee benefits | $36,786 |
| Interest | $0 |
| Taxes | $17,103 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $22,275 |
| Printing and publications | $0 |
| Other expenses | $22,070 |
| Total operating and administrative expenses | $814,930 |
| Contributions, gifts, grants paid | $2,513,904 |
| Total expenses and disbursements | $3,328,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,217 |
| Savings and temporary cash investments | $384,883 |
| 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 | $21,283,240 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $72,300 |
| Total assets | $38,919,625 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $397,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $397,000 |
Grants Awarded
Over the last fiscal year, Philip & Muriel Berman Foundation has awarded $2,454,008 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
THE HUNTINGTON PURPOSE: ASIAN ART WORK | $640,500 |
HOLA (HEART OF LOS ANGELES) PURPOSE: VISUAL ART DEPT. ENDOWMENT | $600,000 |
SALT SPRING ISLAND FOUNDATION (VIA VANCOUVER FOUNDATION) PURPOSE: MT. MAXWELL LAND ACQUISITION | $183,237 |
THE HUNTINGTON PURPOSE: BIPOC | $100,000 |
NEFESH PURPOSE: GENERAL OPERATING SUPPORT | $55,000 |
SALT SPRING ISL COMM SERVICESCOMM GARDEN (VIA VANCOUVER FNDTN) PURPOSE: HARVEST FOD PROGRAM | $95,801 |