Bermil Foundation Inc
- Assets
- $450.6k
- Revenue
- $141.1k
- Investments
- $355.4k
- Employees
- 0
- Location
- Wilmington, VT
- Founding
- 05/2009
- Data as of
- 12/2022
- EIN
- 26-0830400
Organization Overview
Bermil Foundation Inc is located in Wilmington, VT. The organization was established in 2009. 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. Bermil Foundation Inc 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, Bermil Foundation Inc generated $141.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $66.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Bermil Foundation Inc has awarded 84 individual grants totaling $116,950. 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 |
|---|---|---|---|
Michael L Singer Director/president | 1 | $0 | |
Jason Bregman Director/v.p. Secretary | 0.5 | $0 | |
Nancy Crawford Director/v.p. Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $124,005 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,263 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$196 |
| Capital Gain Net Income | $67,648 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $141,072 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $594 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,420 |
| Total operating and administrative expenses | $29,746 |
| Contributions, gifts, grants paid | $36,950 |
| Total expenses and disbursements | $66,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $95,214 |
| 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 | $450,602 |
| 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, Bermil Foundation Inc has awarded $36,950 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ART IN THE NEIGHBORHOOD PURPOSE: GENERAL SUPPORT | $3,000 |
BOUND FOR COLLEGE FORMERLY DELRAY STUDENTS FIRST INC PURPOSE: GENERAL SUPPORT | $1,000 |
BRATTLEBORO AREA HOSPICE PURPOSE: GENERAL SUPPORT | $2,000 |
BRATTLEBORO MUSEUM AND ART CENTER INC (BMAC) PURPOSE: GENERAL PURPOSE | $3,000 |
BRATTLEBORO YOUTH SERVICES PURPOSE: GENERAL SUPPORT | $1,000 |
CHRISTIANS REACHING OUT TO SOCIETY INC (CROS) PURPOSE: GENERAL SUPPORT | $1,000 |