Elmer And Kaya Berg Foundation No 2
- Assets
- $3.1m
- Revenue
- $77.9k
- Investments
- $3.0m
- Employees
- 0
- Location
- Fargo, ND
- Founding
- 01/1990
- Data as of
- 12/2022
- EIN
- 36-3668256
Organization Overview
Elmer And Kaya Berg Foundation No 2 is located in Fargo, ND. The organization was established in 1990. 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. Elmer And Kaya Berg Foundation No 2 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, Elmer And Kaya Berg Foundation No 2 generated $77.9k 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 (37.7%) each year. All expenses for the organization totaled $243.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Elmer And Kaya Berg Foundation No 2 has awarded 163 individual grants totaling $637,750. 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 |
|---|---|---|---|
David R Berg Treasurer | 0.1 | $0 | |
Richard Berg President | 0.1 | $0 | |
Lily Berg Vice President | 0.1 | $0 | |
David Cole Secretary | 0.1 | $0 | |
Kimberly Parrish Director | 0.1 | $0 | |
Karen Berg-Smith Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,232 |
| Dividends & Interest | $76,300 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $345 |
| Capital Gain Net Income | $345 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $77,877 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,033 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $80 |
| Total operating and administrative expenses | $28,258 |
| Contributions, gifts, grants paid | $214,750 |
| Total expenses and disbursements | $243,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $132,229 |
| 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 | $3,101,887 |
| 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, Elmer And Kaya Berg Foundation No 2 has awarded $214,750 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS OF RED RIVER VALLEY PURPOSE: TO FUND LOCALOPERATIONS | $1,500 |
ANNE CARLSON CENTER FOR CHILDREN PURPOSE: TO FUND GENERAL OPERATIONS | $3,000 |
BECKER COUNTY FOOD PANTRY PURPOSE: TO FUND LOCAL OPERATIONS | $1,500 |
BENEDICTINE ST CATHERINE'S PURPOSE: TO PROVIDE FORGENERAL OPERATIONS | $6,000 |
BOYS AND GIRLS CLUB OF DETROIT LAKES PURPOSE: TO ASSIST CHILDREN FOR ACADEMIC IMPROVEMENTDEVELOP CHARACHTER | $5,000 |
BOYS AND GIRLS CLUB OF PERHAM PURPOSE: TO ASSIST CHILDRENFOR ACADEMIC IMPROVEMENTDEVELOP CHARACHTER | $5,000 |