Berg Memorial Fund Tr
- Assets
- $491.7k
- Revenue
- $28.6k
- Investments
- $462.3k
- Employees
- 0
- Location
- New Ulm, MN
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 68-6242758
Organization Overview
Berg Memorial Fund Tr is located in New Ulm, MN. The organization was established in 0000. 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.
For the year ending 12/2022, Berg Memorial Fund Tr generated $28.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $32.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRUST PAYS NET INCOME TO CHURCH OF ST. RAPHAEL
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,471 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,168 |
| Capital Gain Net Income | $16,168 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,639 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,767 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $704 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $50 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,221 |
| Contributions, gifts, grants paid | $24,882 |
| Total expenses and disbursements | $32,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,382 |
| 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 | $462,281 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $491,663 |
| 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 |