Bersted Foundation
- Assets
- $25.3m
- Revenue
- $436.6k
- Investments
- $24.6m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 03/1973
- Data as of
- 12/2023
- EIN
- 36-6493609
Organization Overview
Bersted Foundation is located in Dallas, TX. The organization was established in 1973. 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. Bersted 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 12/2023, Bersted Foundation generated $436.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (25.3%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bersted Foundation has awarded 249 individual grants totaling $4,357,472. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
THE SOLE CHARITABLE PURPOSE OF THIS ORGANIZATION IS THE MAKING OF CONTRIBUTIONS AND GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS.NO DIRECT CHARITABLE ACTIVITIES ARE CONDUCTED.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $630,214 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$207,411 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,747 |
| Total Revenue | $436,550 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $175,039 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,762 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,023 |
| Total operating and administrative expenses | $279,055 |
| Contributions, gifts, grants paid | $1,118,472 |
| Total expenses and disbursements | $1,397,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $694,689 |
| 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 | $25,319,336 |
| 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, Bersted Foundation has awarded $1,118,472 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
ALIVE CENTER PURPOSE: UNRESTRICTED GENERAL | $20,000 |
360 TRANSITIONAL LIVING PURPOSE: EMERGENCY AND TRANSITIONAL | $20,000 |
BARRINGTON YOUTH AND FAMILYSERV PURPOSE: UNRESTRICTED GENERAL | $10,000 |
BRIDGE COMMUNITIES PURPOSE: UNRESTRICTED GENERAL | $20,000 |
CASA KANE COUNTY PURPOSE: UNRESTRICTED GENERAL | $15,000 |
COMMUNITY HOUSE PURPOSE: THE WILLOWBROOK CORNER | $10,000 |