Michael And Nancy Berman Family Foundation
- Assets
- $532.1k
- Revenue
- $4.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 83-1833501
Organization Overview
Michael And Nancy Berman Family Foundation is located in Wilmington, DE. The organization was established in 2019. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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. Michael And Nancy Berman 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 12/2021, Michael And Nancy Berman Family Foundation generated $4.4k 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 (20.7%) each year. All expenses for the organization totaled $82.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Michael And Nancy Berman Family Foundation has awarded 27 individual grants totaling $112,300. 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 |
|---|---|---|---|
Erin Elizabeth Berman VP | 1 | $0 | |
Kacie Ro Berman VP | 1 | $0 | |
Michael Berman Dir, Pres | 1 | $0 | |
Nancy Berman Dir, Sec, Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $106 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,263 |
| Capital Gain Net Income | $73,206 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,369 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $820 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,237 |
| Total operating and administrative expenses | $10,057 |
| Contributions, gifts, grants paid | $72,800 |
| Total expenses and disbursements | $82,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $532,089 |
| 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 | $532,089 |
| 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, Michael And Nancy Berman Family Foundation has awarded $72,800 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Honolulu, HI PURPOSE: RENOVATION OF THE PEARL HAVEN DANCE STUDIO FUND | $15,000 |
Boulder, CO PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
CHILD AND FAMILY ADVOCACY PROGRAM PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Louisville, CO PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Boulder, CO PURPOSE: CAMPS AND YOUTH PROGRAM | $5,000 |
Boulder, CO PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
J M Lockhart Lockhart J M Ally Herc Pittsburgh, PA | $71,861,137 | $5,661,653 |
John R Mccune Char Trust No 9721 Pittsburgh, PA | $72,660,293 | $3,170,444 |
Madeline Foundation Baltimore, MD | $27,935,341 | $684,991 |
Donald P And Mary E Moriarty Charitable Foundation Chatham, NJ | $28,351,035 | $10,104,907 |
Reitmeier Charitable Trust U-W Fund Pittsburgh, PA | $0 | $783,026 |
Venable Baetjer And Howard Foundation Baltimore, MD | $411,758 | $3,720,067 |
The Daniel E And Joyce G Straus Family Foundation Fort Lee, NJ | $70,788,886 | $23,200,737 |
Forman Fam Foundation Tr 12112013 Philadelphia, PA | $54,933,768 | $58,162 |
Yocum Family Perpetual Charitable Tr Wilmington, DE | $59,505,784 | $5,249,565 |
Raymond & Gertrude R Saltzman Foundation Cherry Hill, NJ | $110,514,769 | $5,961,715 |
Benjamin Rose Tr Pittsburgh, PA | $45,553,098 | $8,158,109 |
The Sarah Min And Matt Pincus Foundation Wilmington, DE | $42,036,683 | $1,209,057 |