Bert Family Foundation
- Assets
- $1.0m
- Revenue
- $275.7k
- Investments
- $915.6k
- Employees
- 0
- Location
- Woodbury, MN
- Founding
- 03/2019
- Data as of
- 12/2023
- EIN
- 83-6372665
Organization Overview
Bert Family Foundation is located in Woodbury, MN. The organization was established in 2019. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bert 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 12/2023, Bert Family Foundation generated $275.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $5.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack M Bert Trustee | 0.01 | $0 | |
Mary L Bert Trustee | 0.01 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,698 |
| Interest on Savings | $15,049 |
| Dividends & Interest | $6,224 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,777 |
| Capital Gain Net Income | $3,777 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $275,748 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $66 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,019 |
| Total operating and administrative expenses | $1,085 |
| Contributions, gifts, grants paid | $4,200 |
| Total expenses and disbursements | $5,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,546 |
| 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 | $915,648 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,012,194 |
| 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, Bert Family Foundation has awarded $4,200 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ATHLETES COMMITTED TO EDUCATING STUDENTS PURPOSE: CHARITABLE | $1,000 |
KING OF KINGS CHURCH PURPOSE: CHARITABLE | $2,000 |
MN SHERIFF'S ASSOCIATION PURPOSE: CHARITABLE | -$450 |
ORTHO EDUCATION AND RESEARCH FOUNDATION PURPOSE: CHARITABLE | $1,000 |
SCIENCE MUSEUM OF MINNESOTA PURPOSE: CHARITABLE | $100 |
TWIN CITIES PBS PURPOSE: CHARITABLE | $100 |