Madeleine And Mandell L Berman Foundation
- Assets
- $20.9m
- Revenue
- $5.0m
- Investments
- $20.9m
- Employees
- 0
- Location
- Novi, MI
- Founding
- 02/1995
- Data as of
- 12/2021
- 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 12/2021, Madeleine And Mandell L Berman Foundation generated $5.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Madeleine And Mandell L Berman Foundation has awarded 67 individual grants totaling $1,505,717. 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
2021
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 | $25,000 | |
Laurence Freedman Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,075,344 |
| Interest on Savings | $3 |
| Dividends & Interest | $160,443 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $684,235 |
| Capital Gain Net Income | $684,235 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $45,112 |
| Total Revenue | $4,965,137 |
| 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 | $5,454 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $53,514 |
| Total operating and administrative expenses | $289,293 |
| Contributions, gifts, grants paid | $1,060,717 |
| Total expenses and disbursements | $1,350,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,953 |
| 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 | $8,045,949 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,949,653 |
| 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 $1,060,717 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
WAYNE STATE UNIVERSITY FOUNDATION PURPOSE: UNRESTRICTED | $150,000 |
EASTERN MICHIGAN FOUNDATION PURPOSE: UNRESTRICTED | $70,000 |
New York, NY PURPOSE: UNRESTRICTED | $65,500 |
GLEANERS FOOD BANK PURPOSE: UNRESTRICTED | $55,000 |
FRIENDS OF ISRAEL SCI-TECH SCHOOLS PURPOSE: UNRESTRICTED | $53,250 |
Oak Park, MI PURPOSE: UNRESTRICTED | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH | $318,390,176 | $10,905,260 |
Mathile Family Foundation Dayton, OH | $0 | $5,909,915 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
John W Anderson Foundation Valparaiso, IN | $342,409,938 | $34,395,256 |
Gilbert Fam Foundation Detroit, MI | $16,505,480 | $22,733,689 |
Herbert Simon Family Foundation Indianapolis, IN | $26,075,189 | $9,696,254 |
Richard And Helen Devos Foundation Grand Rapids, MI | $31,037 | $11,215,000 |
Huntington Foundation Columbus, OH | $456,967 | $10,970,786 |
Lewis W Hyer Trust 098310c Milwaukee, WI | $167,937,358 | $18,090,828 |
Franciscan Health Foundation Inc Mishawaka, IN | $46,155,507 | $9,741,999 |
Asante Foundation Inc South Bend, IN | $170,490,031 | $16,382,298 |