Berner Charitable & Scholarship Foundation
- Assets
- $3.7m
- Revenue
- $412.3k
- Investments
- $3.4m
- Employees
- 0
- Location
- La Grange, IL
- Founding
- 08/1994
- Data as of
- 12/2021
- 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 12/2021, Berner Charitable & Scholarship Foundation generated $412.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $344.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Berner Charitable & Scholarship Foundation has awarded 139 individual grants totaling $1,205,545. 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 | $43 |
| Dividends & Interest | $114,103 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $297,861 |
| Capital Gain Net Income | $297,861 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $281 |
| Total Revenue | $412,288 |
| 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 | $87 |
| Depreciation | $0 |
| Occupancy | $19,534 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40,661 |
| Total operating and administrative expenses | $224,663 |
| Contributions, gifts, grants paid | $119,596 |
| Total expenses and disbursements | $344,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $269,703 |
| 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 | $23,007 |
| Total assets | $3,738,174 |
| 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 $531,856 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGIA STATE UNIVERSITY FOUNDATION PURPOSE: SCHOLARSHIP FUND | $51,922 |
CHICAGO LIGHTHOUSE FOR THE BLIND PURPOSE: SERVICES TO BLIND AND VISUALLY IMPAIRED | $15,000 |
MEDINA CONNOR PURPOSE: SCHOLARSHIP AWARD | $15,000 |
WRIGHT ASHLEY PURPOSE: SCHOLARSHIP AWARD | $15,000 |
SHERECK KATHLEEN PURPOSE: SCHOLARSHIP AWARD | $15,000 |
EVANS HANNAH PURPOSE: SCHOLARSHIP AWARD | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp St Louis St Louis, MO | $47,986,833 | $42,773,078 |
Iowa Donor Network North Liberty, IA | $39,614,924 | $35,703,085 |
Wellpoint Care Network Inc Milwaukee, WI | $8,696,347 | $28,630,570 |
Woodward Youth Corporation Woodward, IA | $6,374,013 | $25,268,723 |
Ray Graham Association For People With Disabilities Lisle, IL | $24,978,947 | $22,746,228 |
Yum Brands Foundation Inc Louisville, KY | $62,047,633 | $1,353,894 |
Girl Scouts Of Eastern Missouri Inc St Louis, MO | $41,876,901 | $17,676,549 |
Zakat Foundation Of America Worth, IL | $10,176,762 | $13,348,196 |
Art Of Living Foundation Fairfield, IA | $25,087,396 | $11,765,416 |
Rose Brooks Center Inc Kansas City, MO | $20,126,633 | $9,910,378 |
Horizon House Of Illinois Valley Inc Peru, IL | $4,828,429 | $7,447,824 |
Marshall-Starke Development Center Inc Plymouth, IN | $2,688,412 | $6,830,962 |