Berti Foundation
- Assets
- $10.3k
- Revenue
- $315.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Winston Salem, NC
- Founding
- 10/2014
- Data as of
- 12/2022
- EIN
- 47-1081615
Organization Overview
Berti Foundation is located in Winston Salem, NC. The organization was established in 2014. 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. Berti 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 12/2022, Berti Foundation generated $315.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.1%) each year. All expenses for the organization totaled $318.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (17.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Berti Foundation has awarded 23 individual grants totaling $1,134,621. 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 |
|---|---|---|---|
Filippo Berti Director And Vice President | 0 | $0 | |
Marina Berti Director And President | 0 | $0 | |
Bradford D Willis Secretary And Treasurer | 2 | $0 | |
Maribel Delarosa Assistant Secretary | 3 | $0 | |
Ryan Blackman Assistant Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $315,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $315,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $171 |
| Total operating and administrative expenses | $7,561 |
| Contributions, gifts, grants paid | $310,500 |
| Total expenses and disbursements | $318,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,279 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,279 |
| 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, Berti Foundation has awarded $310,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN EDUCATIONAL ASSISTANCE FND PURPOSE: SCHOLARSHIP PROGRAM FUND | $175,000 |
THE ARTS COUNCIL OF WS PURPOSE: ANNUAL FUND | $25,000 |
LA PROMISE FUND PURPOSE: ANNUAL FUND | $25,000 |
CITYMEALS ON WHEELS PURPOSE: ANNUAL FUND | $20,000 |
MEMORIAL SLOAN KETTERING CANCER CTR PURPOSE: ANNUAL FUND | $50,000 |
PLUMPJACK FOUNDATION PURPOSE: ANNUAL FUND | $15,000 |