Dr Donald N & Jane L Berning
- Assets
- $9.0m
- Revenue
- $93.9k
- Investments
- $8.1m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 01/2014
- Data as of
- 12/2022
- EIN
- 45-2457323
Organization Overview
Dr Donald N & Jane L Berning is located in Wilmington, DE. The organization was established in 2014. 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. Dr Donald N & Jane L Berning 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, Dr Donald N & Jane L Berning generated $93.9k 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 (10.1%) each year. All expenses for the organization totaled $525.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Dr Donald N & Jane L Berning has awarded 55 individual grants totaling $2,663,380. 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 |
|---|---|---|---|
Faith Benson Sec | 1 | $0 | |
Jack Benson Dir, Pres | 40 | $118,417 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,575 |
| Dividends & Interest | $5,983 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,544 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $89,897 |
| Total Revenue | $93,911 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $118,417 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $9,815 |
| Interest | $0 |
| Taxes | $4,346 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50,035 |
| Total operating and administrative expenses | $190,106 |
| Contributions, gifts, grants paid | $335,000 |
| Total expenses and disbursements | $525,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $392,229 |
| Net Accounts receivable | $108,322 |
| 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 | $404,636 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,776,238 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,989,245 |
| 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 | $3,835 |
| Total liabilities | $3,835 |
Grants Awarded
Over the last fiscal year, Dr Donald N & Jane L Berning has awarded $335,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CHICKS AND CHUCKS INC PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
FRIENDS OF THE ROSE GARDEN MISSION INC PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
GO PANTRY CORPORATION PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
NORTHERN KENTUCKY AREA DEVELOPMENT DISTRICT PURPOSE: MEALS ON WHEELS | $175,000 |
PADDLING FOR CANCER AWARENESS INC PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
PENDLETON COUNTY EDUCATION FOUNDATION INC PURPOSE: BERNING SCHOLARSHIP FUND | $20,000 |