Berko Family Foundation Inc
- Assets
- $1.7m
- Revenue
- $554.4k
- Investments
- $1.7m
- Employees
- 0
- Location
- Manalapan, NJ
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 46-4301797
Organization Overview
Berko Family Foundation Inc is located in Manalapan, NJ. The organization was established in 2014. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Berko Family 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, Berko Family Foundation Inc generated $554.4k 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 (6.5%) each year. All expenses for the organization totaled $210.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (24.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Berko Family Foundation Inc has awarded 56 individual grants totaling $2,910,913. 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 |
|---|---|---|---|
Mitchell Berko President & Treasurer | 5 | $0 | |
Robin Berko Vice Pres & Secretary | 5 | $0 | |
Paul Berko Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $524,111 |
| Interest on Savings | $7 |
| Dividends & Interest | $11,100 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,027 |
| Capital Gain Net Income | $4,027 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,166 |
| Total Revenue | $554,411 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,509 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,403 |
| Total operating and administrative expenses | $6,912 |
| Contributions, gifts, grants paid | $203,827 |
| Total expenses and disbursements | $210,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $46,055 |
| 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 | $1,694,156 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $963 |
| Total assets | $1,741,174 |
| 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, Berko Family Foundation Inc has awarded $203,827 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Morganville, NJ PURPOSE: GENERAL FUND | $62,346 |
Lakewood, NJ PURPOSE: GENERAL FUND | $53,036 |
THE CORNER MINYAM PURPOSE: GENERAL FUND | $24,000 |
CONTRIBUTIONS UNDER 5000 PURPOSE: GENERAL FUND | $17,145 |
YESHIVA TIFERES NAFTOLI PURPOSE: GENERAL FUND | $16,800 |
EZRAS NASHIM PURPOSE: GENERAL FUND | $16,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Guardian Services New York, NY | $37,509,798 | $86,868,371 |
Cardinal Mccloskey School & Home For Children Inc Valhalla, NY | $29,936,400 | $67,045,023 |
Catholic Charities Of Diocese Of Albany Albany, NY | $36,309,218 | $44,877,595 |
Christian Herald Assn Inc New York, NY | $39,203,041 | $30,264,134 |
Alternatives For Children East Setauket, NY | $11,797,898 | $22,064,885 |
Lutheran Center At Poughkeepsie Inc Scarsdale, NY | $12,784,565 | $22,238,039 |
Redeemer City To City New York, NY | $39,118,134 | $27,107,452 |
Catholic Cemeteries Of The Roman Westbury, NY | $88,272,871 | $14,740,911 |
Public Relations Society Of America Inc New York, NY | $7,935,177 | $9,278,462 |
Tompkins Cortland Community College Foundation Dryden, NY | $60,556,305 | $8,680,534 |
The Lutheran Home At Kane Kane, PA | $8,299,845 | $10,193,303 |
Little Servant Sisters Woodbridge, NJ | $7,631,243 | $7,029,222 |