Madeleine And Mandell L Berman Foundation
- Assets
- $19.6m
- Revenue
- $326.3k
- Investments
- $19.6m
- Employees
- 0
- Location
- Novi, MI
- Founding
- 02/1995
- Data as of
- 12/2023
- EIN
- 38-6644875
Organization Overview
Madeleine And Mandell L Berman Foundation is located in Novi, MI. The organization was established in 1995. 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. Madeleine And Mandell L 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 12/2023, Madeleine And Mandell L Berman Foundation generated $326.3k 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 (12.6%) each year. All expenses for the organization totaled $745.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (16.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Madeleine And Mandell L Berman Foundation has awarded 113 individual grants totaling $2,383,142. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENT OF FEES TO GAVIN BERGER FOR SERVICES RENDERED TO BERMAN THEATRE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Berman Trustee | 2 | $50,000 | |
Ann Feld Trustee | 2 | $25,000 | |
David Jones Trustee | 1 | $0 | |
Laurence Freedman Trustee | 2 | $25,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fgmk Llc | 12/30/23 | $55,000 |
Sarai Brachman Shoup | 12/30/23 | $103,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18,941 |
| Interest on Savings | $10 |
| Dividends & Interest | $327,852 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$109,066 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $88,612 |
| Total Revenue | $326,349 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,068 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $68,653 |
| Total operating and administrative expenses | $384,538 |
| Contributions, gifts, grants paid | $360,935 |
| Total expenses and disbursements | $745,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,444 |
| 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 | $7,368,852 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,067 |
| Total assets | $19,646,702 |
| 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, Madeleine And Mandell L Berman Foundation has awarded $360,935 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ANTI-DEFAMATION LEAGUE PURPOSE: UNRESTRICTED | $25,000 |
COMPANY FOR THE RECONSTRUCTION AND DEVELOPMENT OF THE JEWISH QUARTER PURPOSE: UNRESTRICTED | $70,000 |
CONSTRUCTION EDUCATION TRUST PURPOSE: UNRESTRICTED | $18,700 |
DETROIT INSTITUTE OF ARTS PURPOSE: UNRESTRICTED | $6,000 |
DETROIT JEWISH NEWS PURPOSE: UNRESTRICTED | $6,000 |
DETROIT SYMPHONY ORCHESTRA PURPOSE: UNRESTRICTED | $20,000 |