Berman Charitable Trust
- Assets
- $30.6m
- Revenue
- $1.5m
- Investments
- $23.9m
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 06/1986
- Data as of
- 12/2022
- EIN
- 94-2940733
Organization Overview
Berman Charitable Trust is located in Rockville, MD. The organization was established in 1986. 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. Berman Charitable Trust 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, Berman Charitable Trust generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $919.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Berman Charitable Trust has awarded 299 individual grants totaling $4,518,908. 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 |
|---|---|---|---|
Dennis Berman Trustee | 2 | $0 | |
Vicki Berman Trustee | 2 | $0 | |
Stephen L Berman Trustee | 2 | $0 | |
Larry P Bormel Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $161,260 |
| Net Rental Income | $212,779 |
| Net Gain on Sale of Assets | $45,311 |
| Capital Gain Net Income | $45,311 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $902,257 |
| Total Revenue | $1,492,816 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $124,970 |
| Depreciation | $69,105 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $46,817 |
| Total operating and administrative expenses | $303,524 |
| Contributions, gifts, grants paid | $616,000 |
| Total expenses and disbursements | $919,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,318 |
| Savings and temporary cash investments | $1,140,883 |
| 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 | $5,466,378 |
| Investments—mortgage loans | $0 |
| Investments—other | $16,787,928 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $61,937 |
| Total assets | $30,636,625 |
| 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 | $11,975,078 |
| Total liabilities | $11,975,078 |
Grants Awarded
Over the last fiscal year, Berman Charitable Trust has awarded $616,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AISH HATORAH PURPOSE: CHARITABLE | $150,000 |
ALLEGHENY MOUNTAIN INSTITUTE PURPOSE: CHARITABLE | $300,000 |
ANTI-DEFAMATION LEAGUE PURPOSE: CHARITABLE | $20,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: CHARITABLE | $5,000 |
MELVIN J BERMAN HEBREW ACADEMY PURPOSE: CHARITABLE | $85,000 |
YESHIVA BETH ABRAHAM OF JERUSALEM PURPOSE: CHARITABLE | $1,000 |