Bergelectric Charitable Foundation

The information for Bergelectric Charitable Foundation is as of the organization's most recent filing in December '22. This organization is located in Carlsbad, CA. It has been in existence for 9 years, following its founding in 2013.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Bergelectric Charitable Foundation's NTEE code is T30. The "T" indicates that the organization falls under the category of Philanthropy, Voluntarism & Grantmaking Foundations. The "30" signifies that it is classified as a Public Foundation. Public Foundations are organizations that primarily receive funding or support from the general public and focus on grantmaking to carry out charitable activities for the common welfare. According to the C Section Code, the foundation is engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work. The mission of the Bergelectric Charitable Foundation is to support and promote local initiatives and charitable organizations.

Program Areas

The foundation has supported approximately 50 not-for-profit organizations with cash donations in communities served by Bergelectric Corp. These donations are reported within the general fund as part of the organization's overall revenues and support.

Grant History

The Bergelectric Charitable Foundation has a grant history spanning eight years. Over this time, they have awarded a total of 98 grants, with an average check size of $21,005. On average, they award 12 grants each year. The majority of their grants (71) fall under the NTEE sector of Philanthropy, Voluntarism & Grantmaking Foundations, with additional grants awarded in Voluntary Health Associations & Medical Disciplines (1) and Youth Development (1). The organization has a wide geographic reach, with grants awarded in multiple states including California (59), Iowa (3), Colorado (5), Washington (5), Oregon (6), Nevada (4), New York (5), Texas (5), Florida (3), Illinois (1), Arizona (1), and Maine (1).

Organization Growth

The Bergelectric Charitable Foundation has experienced mixed growth over the given time period. While contributions and grants received, investment income, and total revenue have all decreased, grants paid and total expenses have increased. Additionally, the number of volunteers has grown from 20 in 2019 to 30 in 2021. Therefore, although the financial aspects of the organization have seen a decline, the increase in volunteers suggests some level of growth in terms of community involvement and support.