Philip & Muriel Berman Foundation
- Assets
- $48.0m
- Revenue
- $2.6m
- Investments
- $45.6m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 12/1960
- Data as of
- 12/2021
- EIN
- 23-6270983
Organization Overview
Philip & Muriel Berman Foundation is located in Los Angeles, CA. The organization was established in 1960. 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. Philip & Muriel Berman 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 12/2021, Philip & Muriel Berman Foundation generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Philip & Muriel Berman Foundation has awarded 423 individual grants totaling $12,193,595. 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 |
|---|---|---|---|
Nancy M Berman President/ed | 25 | $120,000 | |
Rebecca Bloch Secretary, Program Manager | 10 | $52,001 | |
Alan J Bloch Vp, Treasurer | 35 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23 |
| Dividends & Interest | $609,785 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,773,798 |
| Capital Gain Net Income | $1,800,338 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $202,393 |
| Total Revenue | $2,585,999 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $222,001 |
| Other employee salaries and wages | $46,600 |
| Pension plans, employee benefits | $33,551 |
| Interest | $0 |
| Taxes | $45,469 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,298 |
| Printing and publications | $0 |
| Other expenses | $22,214 |
| Total operating and administrative expenses | $681,550 |
| Contributions, gifts, grants paid | $1,258,685 |
| Total expenses and disbursements | $1,940,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,494 |
| Savings and temporary cash investments | $1,654,830 |
| 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 | $23,530,327 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $712,800 |
| Total assets | $48,040,996 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $397,000 |
| 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 | $397,000 |
Grants Awarded
Over the last fiscal year, Philip & Muriel Berman Foundation has awarded $1,309,787 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
BERMAN ART MUSEUM URSINUS COLLEGE PURPOSE: EXHIB. SUPP./BAM ($25K) & PMBF ENDOW. FUND ($100K) | $250,000 |
THE HUNTINGTON PURPOSE: $12,000 FELLOWS, $7,500 ART COLLECTORS' COUNCIL ACQUISITION 2019-2020, $100,000 BIPOC #1 OF 3, AND $25,000 AQUISITION OF 4 CARA ROMERO & MERCEDES DORAME PHOTOGRAPHS | $144,500 |
SALT SPRING ISL COMM SERVICESFOOD SECURITY PROGRAM VIA VANCOUVER FOUNDATI PURPOSE: GENERAL OPERATING SUPPORT | $102,650 |
Philadelphia, PA PURPOSE: $15,000 ART COUNCIL AND $50,000 GOS | $65,000 |
Los Angeles, CA PURPOSE: TRAIN, CATAPULT, AMPLIFY, UPTON SINCLAIR DINNER | $51,200 |
North Hollywood, CA PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |