J Berman Memorial Foundation
- Assets
- $823.6k
- Revenue
- $318.4k
- Investments
- $797.5k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 08/2017
- Data as of
- 12/2021
- EIN
- 81-4431894
Organization Overview
J Berman Memorial Foundation is located in Wilmington, DE. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. J Berman Memorial 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, J Berman Memorial Foundation generated $318.4k in total revenue. All expenses for the organization totaled $107.0k during the year ending 12/2021. While expenses have increased by 23.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, J Berman Memorial Foundation has awarded 17 individual grants totaling $176,572. 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 |
|---|---|---|---|
Daniel Berman Dir, Pres, Sec, Treas | 15 | $0 | |
Reiko Berman-Shingu Dir, VP | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $284,807 |
| Interest on Savings | $12 |
| Dividends & Interest | $27,288 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,278 |
| Capital Gain Net Income | $81,671 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $318,385 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,029 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,709 |
| Printing and publications | $0 |
| Other expenses | $8,699 |
| Total operating and administrative expenses | $12,437 |
| Contributions, gifts, grants paid | $94,538 |
| Total expenses and disbursements | $106,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,155 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $823,631 |
| 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, J Berman Memorial Foundation has awarded $94,538 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Portland, OR PURPOSE: GENERAL & UNRESTRICTED | $53,400 |
Washington, DC PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
Sacramento, CA PURPOSE: LAMALERA PROJECT AND TO COVER MANTA TRUST ADMIN FEES | $6,300 |
Milpitas, CA PURPOSE: GENERAL & UNRESTRICTED | $5,488 |
Milpitas, CA PURPOSE: HIGHER EDUCATION AND VOCATIONAL STUDY FOR THE SURVIVORS SCHOLARSHIP FUND | $5,000 |
Saint Louis, MO PURPOSE: GENERAL & UNRESTRICTED | $3,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $130,108,063 | $92,858,448 |
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Walder Family Foundation Wilmington, DE | $215,951,796 | $11,130,940 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Max Stenbeck Foundation Wilmington, DE | $3,203,232 | $39,728,528 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |