Berro Family Foundation Inc
- Assets
- $2.8m
- Revenue
- $61.5k
- Investments
- $2.7m
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 03/2015
- Data as of
- 12/2022
- EIN
- 47-2409562
Organization Overview
Berro Family Foundation Inc is located in Long Beach, CA. The organization was established in 2015. 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. Berro 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 12/2022, Berro Family Foundation Inc generated $61.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $157.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Berro Family Foundation Inc has awarded 395 individual grants totaling $1,234,135. 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 |
|---|---|---|---|
Jack Berro Director/president | 0 | $0 | |
Binnie S Berro Director/chief Financial O | 0 | $0 | |
Denise Berro Director/vice President | 0 | $0 | |
Michele Berro Director/secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,196 |
| Dividends & Interest | $55,990 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$19,475 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,838 |
| Total Revenue | $61,549 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,349 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $298 |
| Total operating and administrative expenses | $20,315 |
| Contributions, gifts, grants paid | $137,000 |
| Total expenses and disbursements | $157,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,529 |
| Savings and temporary cash investments | $42,206 |
| 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 | $1,429,327 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,794,569 |
| 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, Berro Family Foundation Inc has awarded $137,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CIVIL LIBERTIES UNION PURPOSE: TO PROVIDE FUNDING FOR PROTECTION OF THE US CONSTITUTION AND THE BILL OF RIGHTS | $5,000 |
AMERICAN RIVER CONSERVATORY PURPOSE: PROTECTS HABITAT, NATIVE FISHERIES, RECREATIONAL LANDS | $5,000 |
ACT BLUE FRIENDS OF EARTH PURPOSE: CAMPAIGN AND BUILD MOVEMENT POWER TO BRING ABOUT THE SYSTEM CHANGE NEEDED FOR A JUST WORLD WHERE PEOPLE AND NATURE THRIVE | $5,000 |
CCEJ PURPOSE: PROVIDE FUNDING FOR THE YOUTH PROGRAMS IN THE LOCAL COMMUNITY | $25,000 |
HADASSAH PURPOSE: ADVANCING WOMEN'S HEALTH, SUPPORTING A STRONG ISRAEL AND INSTILLING JEWISH VALUES IN FUTURE GENERATIONS | $2,000 |
JFCS PURPOSE: PROMOTE & PROVIDE FUNDING TO JEWISH FAMILY & CHILDREN | $25,000 |