Berman Family Foundation
- Assets
- $13.4k
- Revenue
- $29.9k
- Investments
- $10.4k
- Employees
- 0
- Location
- Fairfield, IA
- Founding
- 01/1997
- Data as of
- 12/2023
- EIN
- 42-1465136
Organization Overview
Berman Family Foundation is located in Fairfield, IA. The organization was established in 1997. 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. Berman 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 12/2023, Berman Family Foundation generated $29.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.9%) each year. All expenses for the organization totaled $108.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Berman Family Foundation has awarded 98 individual grants totaling $816,404. 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 |
|---|---|---|---|
Warren Berman President | 2 | $0 | |
Harriet Berman Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $374 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$47,151 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $56,678 |
| Total Revenue | $29,901 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $130 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $966 |
| Total operating and administrative expenses | $1,096 |
| Contributions, gifts, grants paid | $106,914 |
| Total expenses and disbursements | $108,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,048 |
| 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 | $10,399 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,447 |
| Accounts payable and accrued expenses | $216 |
| 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 | $216 |
Grants Awarded
Over the last fiscal year, Berman Family Foundation has awarded $106,914 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BRAHMANADA SARASWATI TRUST PURPOSE: TO SUPPORT EDUCATIONAL PROGRAMS | $97,500 |
FAIRFIELD CARES INC PURPOSE: TO SUPPORT FOUNDATION ACTIVITIES | $5,000 |
KOL HAI LOVES YOU PURPOSE: TO FUND EDUCATIONAL PROGRAMS | $1,800 |
MAHARISHI INTERNATIONAL UNIVERSITY PURPOSE: TO FUND EDUCATIONAL PROGRAMS | $1,404 |
THE LORD'S CUPBOARD PURPOSE: TO SUPPOR FOUNDATION ACTIVITIES | $300 |
SHANTI CHILDREN'S FOUNDATION PURPOSE: TO FUND EDUCATIONAL PROGRAMS | $910 |