Berdan Support Fund
- Assets
- $2.7m
- Revenue
- $9.3k
- Investments
- $2.6m
- Employees
- 0
- Location
- Penns Grove, NJ
- Founding
- 11/1994
- Data as of
- 12/2023
- EIN
- 23-2746616
Organization Overview
Berdan Support Fund is located in Penns Grove, NJ. The organization was established in 1994. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Berdan Support Fund 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, Berdan Support Fund generated $9.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (20.1%) each year. All expenses for the organization totaled $131.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Berdan Support Fund has awarded 70 individual grants totaling $452,261. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP SUPPORT OF SEMINARIANS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Venello President | 2 | $0 | |
James Venello Vice Preside | 2 | $0 | |
Theresa Venello Treasurer | 2 | $0 | |
Diana Venello Secretary | 2 | $0 | |
Anthony J Venello Board Member | 1 | $0 | |
Jamie Kaya Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $583 |
| Dividends & Interest | $55,346 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$46,662 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,267 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,809 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,071 |
| Total operating and administrative expenses | $31,498 |
| Contributions, gifts, grants paid | $100,046 |
| Total expenses and disbursements | $131,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,334 |
| Savings and temporary cash investments | $55,958 |
| 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 | $520,000 |
| Investments—other | $58,900 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,689,016 |
| 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, Berdan Support Fund has awarded $100,046 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC DIOCESE OF WILMINGTON PURPOSE: SCHOLARSHIP FOR EDUCATION | $10,400 |
CATHOLIC DIOCESE OF CAMDEN PURPOSE: SCHOLARSHIP FOR EDUCATION | $13,600 |
ST JOSEPH'S SEMINARY PURPOSE: SCHOLARSHIP FOR EDUCATION | $23,200 |
ST CHARLES BORROMEO SEMINARY PURPOSE: SCHOLARSHIP FOR EDUCATION | $34,400 |
NEUMANN UNIVERSITY PURPOSE: SCHOLARSHIP FOR EDUCATION | $10,000 |
UNICEF PURPOSE: CHARITY | $3,546 |