Berkowitz Contemporary Foundation Inc
- Assets
- $54.6m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-3390328
Organization Overview
Berkowitz Contemporary Foundation Inc is located in Coral Gables, FL. The organization was established in 2014. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Berkowitz Contemporary Foundation Inc 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, Berkowitz Contemporary Foundation Inc generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.9% each year .
Since 2020, Berkowitz Contemporary Foundation Inc has awarded 28 individual grants totaling $1,073,250. 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
THE FOUNDATION ENTERED INTO AN ART LOAN AGREEMENT WITH A LOCAL MUSEUM TO DISPLAY ARTWORK ACQUIRED BY THE FOUNDATION. THIS WILL ENABLE THE ART TO BE VIEWED FOR THE PUBLIC BENEFIT AND EDUCATE A DIVERSE PUBLIC AUDIENCE THROUGH CONTEMPORARY ART.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chloe Berkowitz Director, President | 40 | $107,500 | |
Bruce Berkowitz Director, Chairperson | 2 | $0 | |
Tracey Berkowitz Director, Vice President, Secretary | 2 | $0 | |
Wayne Kellner Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,400,000 |
| Interest on Savings | $6,133 |
| Dividends & Interest | $9,739 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $325,000 |
| Capital Gain Net Income | $325,000 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,740,872 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $107,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $903 |
| Printing and publications | $0 |
| Other expenses | $189,533 |
| Total operating and administrative expenses | $310,416 |
| Contributions, gifts, grants paid | $78,250 |
| Total expenses and disbursements | $388,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,829,402 |
| Savings and temporary cash investments | $10,396,562 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,196,746 |
| Other assets | $39,204,471 |
| Total assets | $54,627,181 |
| 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, Berkowitz Contemporary Foundation Inc has awarded $78,250 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL PURPOSE | $37,500 |
Miami, FL PURPOSE: GENERAL PURPOSE | $15,750 |
New York, NY PURPOSE: GENRAL PURPOSE | $15,000 |
SKOWHEGAN PURPOSE: GENERAL PURPOSE | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Berkowitz Contemporary Foundation Inc has recieved totaling $46,958.
| Awarding Organization | Amount |
|---|---|
The Fairholme Foundation Coral Gables, FL PURPOSE: GENERAL PURPOSE | $46,958 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Rawlings Foundation Inc Palm Beach, FL | $157,491,316 | $53,710,829 |
Ichauway Inc Newton, GA | $38,010,143 | $29,470,336 |
Elevate Prize Foundation Inc Miami, FL | $25,599,159 | $21,836,715 |
Desai Sethi Foundation Inc miami, FL | $167,397,052 | $1,318,684 |
Mceachern Endowment Fund Inc Powder Springs, GA | $13,981,287 | $6,848,994 |
Malone Family Land Preservation Foundation Hobe Sound, FL | $131,481,954 | $946,463 |
Pebble Hill Foundation Inc Thomasville, GA | $45,568,261 | $2,596,354 |
Worthington Scholarship Foundation Naples, FL | $12,065,797 | $5,368,981 |
The Switzer Family Foundation Inc St Petersburg, FL | $0 | $574,920 |
Bangladesh American Society Of Muslim Aid For Humanity Inc Boca Raton, FL | $701,948 | $2,077,483 |
Elling O Eide Charitable Foundation Inc Sarasota, FL | $66,382,103 | $1,556,208 |
Paul Millsap Foundation Corp Atlanta, GA | $74,268 | $1,325,506 |