Bernhardt Furniture Foundation
- Assets
- $3.8m
- Revenue
- $593.6k
- Investments
- $3.6m
- Employees
- 0
- Location
- Lenoir, NC
- Founding
- 07/1947
- Data as of
- 10/2023
- EIN
- 51-0202755
Organization Overview
Bernhardt Furniture Foundation is located in Lenoir, NC. The organization was established in 1947. 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. Bernhardt Furniture 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 10/2023, Bernhardt Furniture Foundation generated $593.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $240.1k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bernhardt Furniture Foundation has awarded 108 individual grants totaling $777,138. 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 |
|---|---|---|---|
G Alex Bernhardt Sr President | 2 | $0 | |
James R Collett Jr Vice President | 2 | $0 | |
G Alex Bernhardt Jr Vice President | 2 | $0 | |
William F Howard III Treasurer | 2 | $0 | |
Anne H Bernhardt Vice President | 2 | $0 | |
Kevin Mcdougall Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $473,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $82,171 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $37,940 |
| Capital Gain Net Income | $37,940 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $593,611 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,478 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $51,232 |
| Total operating and administrative expenses | $56,696 |
| Contributions, gifts, grants paid | $183,400 |
| Total expenses and disbursements | $240,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,322 |
| Savings and temporary cash investments | $129,913 |
| 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 | $2,590 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $744,236 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,751,139 |
| 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, Bernhardt Furniture Foundation has awarded $183,400 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
CALDWELL ARTS COUNCIL PURPOSE: EDUCATIONAL | $3,000 |
CALDWELL COUNCIL ON ADOLESCENT HEALTH PURPOSE: CIVIC SUPPORT | $10,000 |
CALDWELL COUNTY YOKEFELLOW INC PURPOSE: CIVIC SUPPORT | $20,000 |
CALDWELL HALFWAY HOUSE PURPOSE: CIVIC SUPPORT | $6,000 |
CALDWELL HERITAGE MUSEUM PURPOSE: CIVIC SUPPORT | $2,000 |
CALDWELL MEMORIAL HOSPITAL FOUNDATION INC PURPOSE: CIVIC SUPPORT | $20,000 |