Berlin Family Charitable Foundation Inc
- Assets
- $18.9m
- Revenue
- $121.4k
- Investments
- $17.5m
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 05/2018
- Data as of
- 12/2022
- EIN
- 81-5333136
Organization Overview
Berlin Family Charitable Foundation Inc is located in Palm Beach Gardens, FL. The organization was established in 2018. 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. Berlin Family Charitable Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Berlin Family Charitable Foundation Inc has awarded 22 individual grants totaling $1,326,271. 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 |
|---|---|---|---|
Michelle Grande COO | 40 | $0 | |
William Maglio President | 10 | $0 | |
Danielle Jenkins Cfo/treasure | 20 | $0 | |
Stefan Bodstrom Cio | 20 | $0 | |
Frank Robilotto Board Member | 1 | $0 | |
Nicole Maglio Bessette Board Member | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $78,084 |
| Dividends & Interest | $288,778 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$640,333 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $394,878 |
| Total Revenue | $121,407 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,599 |
| Depreciation | $0 |
| Occupancy | $52,722 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $87,432 |
| Total operating and administrative expenses | $295,979 |
| Contributions, gifts, grants paid | $926,271 |
| Total expenses and disbursements | $1,222,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,195,912 |
| Savings and temporary cash investments | $0 |
| 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 | $17,535,199 |
| Net Land, buildings, and equipment | $170,635 |
| Other assets | $22,917 |
| Total assets | $18,924,663 |
| 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 |
Grants Awarded
Over the last fiscal year, Berlin Family Charitable Foundation Inc has awarded $926,271 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
CRADLE OF AVIATIONMUSEUMS PURPOSE: QUALIFIED PURPOSE OF ORGANIZATION | $150,000 |
HABITAT FOR HUMANITY OF PALM BEACH PURPOSE: QUALIFIED PURPOSE OF ORGANIZATION | $200,000 |
PLACE OF HOPE PURPOSE: QUALIFIED PURPOSE OR ORGANIZATION | $1,271 |
PLACE OF HOPE PURPOSE: QUALIFIED PURPOSE OR ORGANIZATION | $20,000 |
PLACE OF HOPE PURPOSE: QUALIFIED PURPOSE OR ORGANIZATION | $20,000 |
PLACE OF HOPE PURPOSE: QUALIFIED PURPOSE OR ORGANIZATION | $100,000 |