H N And Frances C Berger Foundation
- Assets
- $0.0
- Revenue
- $30.2m
- Investments
- $176.0m
- Employees
- 0
- Location
- Palm Desert, CA
- Founding
- 01/1996
- Data as of
- 12/2021
- EIN
- 52-1757452
Organization Overview
H N And Frances C Berger Foundation is located in Palm Desert, CA. The organization was established in 1996. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. H N And Frances C Berger 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 12/2021, H N And Frances C Berger Foundation generated $30.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $39.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, H N And Frances C Berger Foundation has awarded 423 individual grants totaling $29,740,808. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
GOLF COURSE CHARITABLE PORTION OF EXPENSES OVER REVENUES SUPPORTING CHARITY GOLF TOURNAMENTS, INTERNSHIP, EDUCATIONAL PARTNERSHIPS WITH SCHOOLS, AND VALLEY RESIDENT DISCOUNTS.
THE FOUNDATION OWNS REAL ESTATE WHICH IS LEASED TO PUBLIC CHARITIES FOR A CHARITABLE PURPOSE CONSISTENT WITH REV. RULING 69572, C.B. 1969-2-119
THE FOUNDATION ALSO OWNS AND OPERATES A SENIOR CITIZEN MOBILE HOME PARK WITH 155 SPACES, WHICH USE IS CONSISTENT WITH REV. RULING 79-18, C.B. 1979-194
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed VP Programs/director | 40 | $306,693 | |
Name Not Listed President/board Chairman | 40 | $766,055 | |
Name Not Listed Director | 36 | $83,759 | |
Name Not Listed VP Real Estate/director | 40 | $888,365 | |
Name Not Listed Director | 36 | $43,341 | |
Name Not Listed Director/vice President | 40 | $88,241 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Armanino Llp | 12/30/22 | $110,287 |
Goldman Sachs & Co | 12/30/22 | $669,719 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,167 |
| Dividends & Interest | $8,940,304 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,660,094 |
| Total Revenue | $30,169,267 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,810,531 |
| Pension plans, employee benefits | $1,164,772 |
| Depreciation | $6,418,587 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $30,365 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $28,018,689 |
| Contributions, gifts, grants paid | $11,438,612 |
| Total expenses and disbursements | $39,457,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,645 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $163,997,302 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,946,361 |
Grants Awarded
Over the last fiscal year, H N And Frances C Berger Foundation has awarded $7,048,687 in support to 108 organizations.
| Grant Recipient | Amount |
|---|---|
CREATE CENTER FOR THE ARTS PURPOSE: CBS SPOTLIGHT GRANT - TO EXPAND AND IMPROVE THE EQUIPMENT IN YOUR STUDIOS | $25,000 |
DESERT ACCESS & MOBILITY PURPOSE: CBS SPOTLIGHT GRANT - TO PROVIDE FUNDING FOR AN ADDITIONAL FULL TIME DRIVER | $25,000 |
DESERT ENSEMBLE THEATRE COMPANY INC PURPOSE: CBS SPOTLIGHT - STAGE AND SOUND EQUIPMENT | $25,000 |
HAWAIIAN LEGACY REFORESTATION INITIATIVE PURPOSE: OPERATING EXPENSES | $25,000 |
LIVE 180 PURPOSE: OPERATING EXPENSES | $9,800 |
PACIFIC CLINICS PURPOSE: TO UPGRADE ELEVATORS AND FOR OPERATING EXPENSES | $225,496 |