Bari Milken Bernstein & Fred J Bernstein Foundation
- Assets
- $13.7m
- Revenue
- $452.4k
- Investments
- $12.9m
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- 05/2012
- Data as of
- 12/2022
- EIN
- 45-3190334
Organization Overview
Bari Milken Bernstein & Fred J Bernstein Foundation is located in Santa Monica, CA. The organization was established in 2012. 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. Bari Milken Bernstein & Fred J Bernstein 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, Bari Milken Bernstein & Fred J Bernstein Foundation generated $452.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $886.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bari Milken Bernstein & Fred J Bernstein Foundation has awarded 55 individual grants totaling $2,190,500. 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 |
|---|---|---|---|
Michael Milken President And Director | 5 | $0 | |
Lori Milken Secretary & Vice President & Director | 5 | $0 | |
Ralph Finerman Treasurer And Director | 5 | $0 | |
Bari Milken Bernstein Vice President And Director | 5 | $0 | |
Fred J Bernstein Vice President And Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,237 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $272,106 |
| Capital Gain Net Income | $266,677 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $168,015 |
| Total Revenue | $452,358 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $64,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $106,150 |
| Contributions, gifts, grants paid | $780,000 |
| Total expenses and disbursements | $886,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,916 |
| Savings and temporary cash investments | $726,101 |
| 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 | $12,925,383 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,743,400 |
| 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, Bari Milken Bernstein & Fred J Bernstein Foundation has awarded $780,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH COMMUNITY FOUNDATION PURPOSE: COMMUNITY CENTERS & PROGRAMS | $339,000 |
BRENTWOOD SCHOOL PURPOSE: PRESCHOOL - 12TH GRADE PROGRAMS | $75,000 |
MILKEN INSTITUTE PURPOSE: HIGHER ED & RESEARCH INST. & PROGS | $75,000 |
WILSHIRE BOULEVARD TEMPLE PURPOSE: COMMUNITY CENTERS & PROGRAMS | $50,000 |
BPS PURPOSE: COMMUNITY CENTERS & PROGRAMS | $30,000 |
THE JEWISH FEDERATION PURPOSE: COMMUNITY CENTERS & PROGRAMS | $30,000 |