Carol Lavin Bernick Family Foundation
- Assets
- $6.5m
- Revenue
- $396.5k
- Investments
- $6.1m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/1998
- Data as of
- 12/2022
- EIN
- 36-4134174
Organization Overview
Carol Lavin Bernick Family Foundation is located in Chicago, IL. The organization was established in 1998. 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. Carol Lavin Bernick Family 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, Carol Lavin Bernick Family Foundation generated $396.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $539.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Carol Lavin Bernick Family Foundation has awarded 744 individual grants totaling $4,750,195. 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 Bernick President/treasurer | 0 | $0 | |
Craig Bernick Director | 0 | $0 | |
Peter Bernick Director | 0 | $0 | |
Elizabeth Bernick Huber Vice President/secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $522 |
| Dividends & Interest | $133,218 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $262,726 |
| Capital Gain Net Income | $256,638 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $396,466 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,775 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $53,517 |
| Total operating and administrative expenses | $75,961 |
| Contributions, gifts, grants paid | $463,800 |
| Total expenses and disbursements | $539,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $357,694 |
| 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 | $6,125,770 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,483,464 |
| 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, Carol Lavin Bernick Family Foundation has awarded $463,800 in support to 76 organizations.
| Grant Recipient | Amount |
|---|---|
A CURE FOR ROBERT INC PURPOSE: GENERAL FUND | $5,500 |
A HOME 4 SPOT ANIMAL RESCUE PURPOSE: GENERAL FUND | $5,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL FUND | $1,000 |
AMERCIAN CANCER SOCITY PURPOSE: GENERAL FUND | $1,000 |
AMERICAN JEWISH COMMITTEE PURPOSE: GENERAL FUND | $5,000 |
BLUE GAVEL SCHOLARSHIP FUND PURPOSE: GENERAL FUND | $5,000 |