Susan V Bershad Charitable Fund Inc
- Assets
- $792.5k
- Revenue
- $80.5k
- Investments
- $751.7k
- Employees
- 0
- Location
- Montclair, NJ
- Founding
- 04/2011
- Data as of
- 11/2023
- EIN
- 36-4662468
Organization Overview
Susan V Bershad Charitable Fund Inc is located in Montclair, NJ. The organization was established in 2011. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Susan V Bershad Charitable Fund 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 11/2023, Susan V Bershad Charitable Fund Inc generated $80.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $263.8k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Susan V Bershad Charitable Fund Inc has awarded 174 individual grants totaling $2,684,985. 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 |
|---|---|---|---|
Susan V Bershad President & Treasurer | 0 | $0 | |
Bradley J Bershad Vice President | 0 | $0 | |
Elizabeth J Bershad Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,195 |
| Dividends & Interest | $22,097 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $57,248 |
| Capital Gain Net Income | $57,248 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $80,540 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,526 |
| Total operating and administrative expenses | $11,626 |
| Contributions, gifts, grants paid | $252,200 |
| Total expenses and disbursements | $263,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,759 |
| Savings and temporary cash investments | $0 |
| 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 | $427,848 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $792,462 |
| 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, Susan V Bershad Charitable Fund Inc has awarded $252,200 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ACADEMY OF DERMATOLOGY PURPOSE: TO FURTHER THE CHAR. PURPOSE OF THE RECIP ORG | $5,000 |
ELIZABETH SETON CHILDRENS CENTER PURPOSE: TO FURTHER THE CHAR. PURPOSE OF THE RECIP ORG | $2,500 |
GREATER CENTRAL BAPTIST CHURCH PURPOSE: TO FURTHER THE CHAR. PURPOSE OF THE RECIP ORG | $1,000 |
HUNTER COLLEGE FOUNDATION PURPOSE: TO FURTHER THE CHAR. PURPOSE OF THE RECIP ORG | $17,750 |
HUMAN NEEDS FOOD PANTRY PURPOSE: TO FURTHER THE CHAR. PURPOSE OF THE RECIP ORG | $5,000 |
JAZZ HOUSE KIDS PURPOSE: TO FURTHER THE CHAR. PURPOSE OF THE RECIP ORG | $10,000 |