J Berman Memorial Foundation
- Assets
- $1.1m
- Revenue
- $298.1k
- Investments
- $1.1m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 08/2017
- Data as of
- 12/2023
- EIN
- 81-4431894
Organization Overview
J Berman Memorial Foundation is located in Wilmington, DE. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. J Berman Memorial 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, J Berman Memorial Foundation generated $298.1k in total revenue. All expenses for the organization totaled $155.8k during the year ending 12/2023. While expenses have increased by 22.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, J Berman Memorial Foundation has awarded 36 individual grants totaling $411,567. 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 |
|---|---|---|---|
Daniel Berman Dir, Pres, Sec, Treas | 15 | $0 | |
Reiko Berman-Shingu Dir, VP | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $301,454 |
| Interest on Savings | $195 |
| Dividends & Interest | $14,174 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$17,761 |
| Capital Gain Net Income | $124,318 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $298,062 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,067 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,591 |
| Printing and publications | $0 |
| Other expenses | $9,486 |
| Total operating and administrative expenses | $18,144 |
| Contributions, gifts, grants paid | $137,636 |
| Total expenses and disbursements | $155,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,176 |
| 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 | $1,129,005 |
| 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, J Berman Memorial Foundation has awarded $137,636 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ACTION FOR MANTAS PURPOSE: GENERAL & UNRESTRICTED | $19,500 |
ALLIANCE OF HOPE FOR SUICIDE LOSS SURVIVORS PURPOSE: MATCHING FUND 2023 WINTER | $3,000 |
ALLIANCE OF HOPE FOR SUICIDE LOSS SURVIVORS PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
MITRATA-NEPAL FOUNDATION FOR CHILDREN PURPOSE: FUND FOR THE NEW CONTACT CENTER IN NEPAL | $10,231 |
MITRATA-NEPAL FOUNDATION FOR CHILDREN PURPOSE: GENERAL & UNRESTRICTED | $2,400 |
SEE TURTLES PURPOSE: TO FULLY FUND 2023 AFRICA INITIATIVE | $10,500 |