Bernstein Family Foundation
- Assets
- $1.3m
- Revenue
- $531.7k
- Investments
- $1.2m
- Employees
- 0
- Location
- Clarks Summit, PA
- Founding
- 09/2016
- Data as of
- 06/2022
- EIN
- 81-0926185
Organization Overview
Bernstein Family Foundation is located in Clarks Summit, PA. The organization was established in 2016. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Bernstein Family 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 06/2022, Bernstein Family Foundation generated $531.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.0% each year . All expenses for the organization totaled $67.4k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Bernstein Family Foundation has awarded 192 individual grants totaling $477,392. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLANNED ACTIVITIES OF THE DONALD BERNSTEIN FAMILY FOUNDATION INCLUDE DISTRIBUTING FUNDS TO CHARITABLE INSTITUTIONS THAT ARE EXEMPT FROM TAX UNDER SECTION 501(C)(3) IF THE IRS. THE FOUNDATION WILL DISTRIBUTE ITS FUNDS TO INSTITUTIONS THAT SHARE THE SAME PHILANTHROPIC GOALS AND IDEALS AS THE DONALD BERNSTEIN FAMILY, WHICH INCLUDE, WITHOUT LIMITATION, SUPPORTING ORGANIZATIONS THAT FOCUS ON THE JEWISH FAITH AND THE JEWISH COMMUNITY OF NORTHEASTERN PENNSYLVANIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Bernstein Board Member | 1 | $0 | |
Michael Bernstein Board Member | 1 | $0 | |
Donald Bernstein President And Board Member | 1 | $0 | |
Dorie Shiovitz Board Member | 1 | $0 | |
Jeffrey Bernstein Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $447,549 |
| Interest on Savings | $0 |
| Dividends & Interest | $40,713 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,447 |
| Capital Gain Net Income | $43,447 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $531,709 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,811 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $1,826 |
| Contributions, gifts, grants paid | $65,588 |
| Total expenses and disbursements | $67,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,997 |
| Savings and temporary cash investments | $5,114 |
| 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 | $143,152 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,261,782 |
| 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, Bernstein Family Foundation has awarded $65,588 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED JEWISH CAMPAIGN PURPOSE: TO FURTHER DESIGNATED WORK OF ORGANIZATIONS | $53,000 |
JEWISH DISCOVERY CENTER PURPOSE: TO FURTHER DESIGNATED WORK OF ORGANIZATIONS | $5,000 |
Wayne, PA PURPOSE: TO FURTHER DESIGNATED WORK OF ORGANIZATIONS | $2,000 |
THE JEWISH HOME PURPOSE: TO FURTHER DESIGNATED WORK OF ORGANIZATIONS | $1,800 |
JEWISH FAMILY SERVICES PURPOSE: TO FURTHER DESIGNATED WORK OF ORGANIZATIONS | $500 |
Scranton, PA PURPOSE: TO FURTHER DESIGNATED WORK OF ORGANIZATIONS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joseph & Florence Mandel Family Foundation - Weinberg Family Fund Cleveland, OH | $181,897,996 | $22,134,878 |
Peter Schub Foundation New York, NY | $153,451 | $8,498,000 |
Queens College Special Projects Fund Inc Flushing, NY | $53,656,603 | $7,071,081 |
Global Impact Investing Network Inc New York, NY | $6,619,298 | $6,380,097 |
Fannie E Rippel Foundation Morristown, NJ | $0 | $6,091,281 |
The@joseph And Florence Mandel Family Foundation-Michele M And Cleveland, OH | $143,259,703 | $19,572,691 |
Psalms Foundation Cincinnati, OH | $2,676,117 | $10,777,846 |
Tapfound Inc New York, NY | $4,933,878 | $7,053,619 |
Chief Executives For Corporate Purpose Inc New York, NY | $5,985,740 | $5,961,385 |
Sovereign Military Hospitaller Order Of St John Of Jerusalem Of New York, NY | $5,131,952 | $5,108,487 |
Hands In Service Incorporated Sellersville, PA | $413,502 | $4,515,148 |
Datakind Brooklyn, NY | $7,052,955 | $2,773,630 |