The Bergstrom Inc Charitable Foundation
- Assets
- $2.5m
- Revenue
- $2.5m
- Investments
- $2.3m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/1979
- Data as of
- 04/2023
- EIN
- 36-6692339
Organization Overview
The Bergstrom Inc Charitable Foundation is located in Chicago, IL. The organization was established in 1979. 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. Bergstrom Inc 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 04/2023, Bergstrom Inc Charitable Foundation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $566.2k during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Bergstrom Inc Charitable Foundation has awarded 423 individual grants totaling $3,404,282. 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 |
|---|---|---|---|
Name Not Listed Trustee | 2 | $31,168 | |
David Rydell Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,431,423 |
| Interest on Savings | $0 |
| Dividends & Interest | $60,796 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $979,894 |
| Capital Gain Net Income | $979,894 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,472,113 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $31,168 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,987 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $40,170 |
| Contributions, gifts, grants paid | $526,000 |
| Total expenses and disbursements | $566,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$2,301 |
| Savings and temporary cash investments | $146,369 |
| 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 | $534,606 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,470,686 |
| 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, The Bergstrom Inc Charitable Foundation has awarded $526,000 in support to 80 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY INC PURPOSE: BERGSTROM CARES-FUNDRAISING | $5,000 |
R2OC PURPOSE: GENERAL | $1,000 |
ROCK RIVER VALLEY PANTRY PURPOSE: GENERAL | $2,500 |
YOUTH FOR CHRIST USA INC PURPOSE: GENERAL | $10,000 |
ROY GAYLE PONY BASEBALL-SOFTBALL INC PURPOSE: GENERAL | $5,000 |
BRAVEHEARTS THERAPEUTIC RIDING PURPOSE: GENERAL | $5,000 |