Steve & Ilene Berger Family Foundation
- Assets
- $1.0m
- Revenue
- $430.2k
- Investments
- $956.9k
- Employees
- 0
- Location
- Wayne, PA
- Founding
- 08/2019
- Data as of
- 12/2022
- EIN
- 84-1781278
Organization Overview
Steve & Ilene Berger Family Foundation is located in Wayne, PA. The organization was established in 2019. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Steve & Ilene Berger Family 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, Steve & Ilene Berger Family Foundation generated $430.2k 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 (13.2%) each year. All expenses for the organization totaled $276.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Steve & Ilene Berger Family Foundation has awarded 15 individual grants totaling $610,757. 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 |
|---|---|---|---|
Ilene Berger President | 0 | $0 | |
Steve Berger Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $400,029 |
| Interest on Savings | $849 |
| Dividends & Interest | $22,199 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,146 |
| Capital Gain Net Income | $89,675 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $430,223 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $335 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,668 |
| Total operating and administrative expenses | $5,003 |
| Contributions, gifts, grants paid | $271,000 |
| Total expenses and disbursements | $276,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,768 |
| 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 | $956,914 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,014,682 |
| 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, Steve & Ilene Berger Family Foundation has awarded $271,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FEDERATION OF GREATHER PHILADELPHIA PURPOSE: GENERAL FUND | $26,000 |
AMERICAN TECHNION SOCIETY PURPOSE: GENERAL FUND | $50,000 |
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA PURPOSE: GENERAL FUND | $180,000 |
JEWISH NATIONAL FUND PURPOSE: GENERAL FUND | $10,000 |
SHARING EXCESS PURPOSE: GENERAL FUND | $5,000 |