Berko Family Foundation Inc
- Assets
- $1.1m
- Revenue
- $28.0k
- Investments
- $1.1m
- Employees
- 0
- Location
- Manalapan, NJ
- Founding
- 06/2014
- Data as of
- 12/2023
- EIN
- 46-4301797
Organization Overview
Berko Family Foundation Inc is located in Manalapan, NJ. The organization was established in 2014. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Berko Family Foundation 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 12/2023, Berko Family Foundation Inc generated $28.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (31.9%) each year. All expenses for the organization totaled $235.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Berko Family Foundation Inc has awarded 63 individual grants totaling $3,138,063. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitchell Berko President & Treasurer | 5 | $0 | |
Robin Berko Vice Pres & Secretary | 5 | $0 | |
Paul Berko Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $375 |
| Interest on Savings | $11,630 |
| Dividends & Interest | $6,659 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,292 |
| Capital Gain Net Income | $7,487 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,956 |
| 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 | $4,815 |
| Total operating and administrative expenses | $4,815 |
| Contributions, gifts, grants paid | $230,810 |
| Total expenses and disbursements | $235,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,752 |
| 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 | $1,102,157 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $78 |
| Total assets | $1,144,987 |
| 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, Berko Family Foundation Inc has awarded $230,810 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
PARTNERS IN TORAH PURPOSE: GENERAL FUND | $17,000 |
MONMOUTH TORAH LINKS PURPOSE: GENERAL FUND | $52,978 |
CONTRIBUTIONS UNDER 5000 PURPOSE: GENERAL FUND | $45,868 |
THE CORNER MINYAM PURPOSE: GENERAL FUND | $6,000 |
YESODEI HADAS PURPOSE: GENERAL FUND | $61,964 |
CLUB TCM PURPOSE: GENERAL FUND | $18,000 |