Berner Charitable & Scholarship Foundation
- Assets
- $7.1m
- Revenue
- $1.3m
- Investments
- $2.9m
- Employees
- 0
- Location
- La Grange, IL
- Founding
- 08/1994
- Data as of
- 12/2022
- EIN
- 36-3923844
Organization Overview
Berner Charitable & Scholarship Foundation is located in La Grange, IL. The organization was established in 1994. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Berner Charitable & Scholarship 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 12/2022, Berner Charitable & Scholarship Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 65.8% each year . All expenses for the organization totaled $933.0k during the year ending 12/2022. While expenses have increased by 7.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Berner Charitable & Scholarship Foundation has awarded 199 individual grants totaling $1,905,054. 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 |
|---|---|---|---|
Ruben R Vernof Trustee | 2 | $60,000 | |
Linda M Neylon Trustee | 10 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19 |
| Dividends & Interest | $107,971 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,208,494 |
| Capital Gain Net Income | $1,208,494 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,316,484 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $121 |
| Depreciation | $0 |
| Occupancy | $37,412 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $46,012 |
| Total operating and administrative expenses | $233,494 |
| Contributions, gifts, grants paid | $699,509 |
| Total expenses and disbursements | $933,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,446,682 |
| Net Accounts receivable | $2,789,034 |
| 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 | $25,821 |
| Total assets | $7,134,324 |
| 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 | $15 |
| Total liabilities | $15 |
Grants Awarded
Over the last fiscal year, Berner Charitable & Scholarship Foundation has awarded $699,509 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
BENTLEY MIKHAYLA PURPOSE: SCHOLARSHIP AWARD | $2,500 |
CAIN EMILY PURPOSE: SCHOLARSHIP AWARD | $5,000 |
CARTWRIGHT CAROLINE PURPOSE: SCHOLARSHIP AWARD | $7,500 |
CHICAGO LIGHTHOUSE FOR THE BLIND PURPOSE: SERVICES TO BLIND AND VISUALLY IMPAIRED | $95,000 |
CASEY JACOB PURPOSE: SCHOLARSHIP AWARD | $2,500 |
DUFRESHE MEGAN PURPOSE: SCHOLARSHIP AWARD | $7,500 |