Gary & Carol Berman Family Foundation Inc
- Assets
- $1.6m
- Revenue
- $257.1k
- Investments
- $1.4m
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 02/2002
- Data as of
- 12/2022
- EIN
- 30-0012325
Organization Overview
Gary & Carol Berman Family Foundation Inc is located in Rockville, MD. The organization was established in 2002. 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. Gary & Carol Berman 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 12/2022, Gary & Carol Berman Family Foundation Inc generated $257.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $453.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Gary & Carol Berman Family Foundation Inc has awarded 412 individual grants totaling $8,090,992. 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 |
|---|---|---|---|
Carol Berman Director | 2 | $0 | |
Gary Berman Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $368,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $46,909 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$157,771 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $257,138 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,687 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $266 |
| Total operating and administrative expenses | $39,441 |
| Contributions, gifts, grants paid | $413,571 |
| Total expenses and disbursements | $453,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $206,032 |
| 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 | $1,389,621 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $8,640 |
| Total assets | $1,626,638 |
| 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, Gary & Carol Berman Family Foundation Inc has awarded $413,571 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
AJC GLOBAL JEWISH ADVOCACY PURPOSE: CHARITABLE | $13,000 |
AJC PROJECT INTERCHANGE PURPOSE: CHARITABLE | $5,000 |
B'NAI TZEDEK PURPOSE: CHARITABLE | $3,512 |
AKBAR AHMED CENTER FOR DIALOGUE PEACE AND ACTION PURPOSE: CHARITABLE | $20,000 |
B'NAI ISRAEL CONGREGATION PURPOSE: CHARITABLE | $3,631 |
BAIS YAAKOV SCHOOL FOR GIRLS PURPOSE: CHARITABLE | $8,000 |