Berkowitz Ii Foundation
- Assets
- $987.6k
- Revenue
- $1.8k
- Investments
- $981.6k
- Employees
- 0
- Location
- Milford, PA
- Founding
- 07/2009
- Data as of
- 12/2023
- EIN
- 26-4464319
Organization Overview
Berkowitz Ii Foundation is located in Milford, PA. The organization was established in 2009. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Berkowitz Ii 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 12/2023, Berkowitz Ii Foundation generated $1.8k 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 (55.4%) each year. All expenses for the organization totaled $170.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Berkowitz Ii Foundation has awarded 153 individual grants totaling $670,500. 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 |
|---|---|---|---|
Michael Martin Pres/ceo | 4 | $0 | |
Roberta Martin Vice Pres | 4 | $0 | |
Helen Sherman Sec/treas | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $46 |
| Dividends & Interest | $38,383 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$36,604 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,825 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $486 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $350 |
| Total operating and administrative expenses | $32,028 |
| Contributions, gifts, grants paid | $138,000 |
| Total expenses and disbursements | $170,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,039 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $987,597 |
| 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, Berkowitz Ii Foundation has awarded $139,000 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
WORLD WILD LIFE FUND PURPOSE: UNRESTRICTED | $5,000 |
UMMS FOUNDATION PURPOSE: UNRESTRICTED | $1,000 |
SLOAN KETTERING PURPOSE: UNRESTRICTED | $10,000 |
SUNNYSIDE SENIOR CENTER PURPOSE: UNRESTRICTED | $2,500 |
MILFORD FIRE DEPT PURPOSE: UNRESTRICTED | $2,500 |
MILFORD ENHANCEMENT COMMITTEE PURPOSE: UNRESTRICTED | $1,000 |