Lorraine F Bertsch And Fred S Bertsch Jr Foundation
- Assets
- $87.6k
- Revenue
- $55.0k
- Investments
- $85.1k
- Employees
- 0
- Location
- Whitehall, MI
- Founding
- 12/2019
- Data as of
- 12/2022
- EIN
- 84-3785176
Organization Overview
Lorraine F Bertsch And Fred S Bertsch Jr Foundation is located in Whitehall, MI. The organization was established in 2019. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations 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. Lorraine F Bertsch And Fred S Bertsch Jr 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 12/2022, Lorraine F Bertsch And Fred S Bertsch Jr Foundation generated $55.0k in total revenue. All expenses for the organization totaled $13.8k during the year ending 12/2022. While expenses have increased by 316.0% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORSHIP OF MILITARY LECTURE SERIES AT USS SILVERSIDES MUSEUM - USS SILVERSIDES MUSEUM PROVIDES A LECTURE SERIES THROUGH THE YEAR ON MILITARY HISTORY AND VETERANS AFFAIRS OPEN TO THE PUBLIC.
DONATION TO USS SILVERSIDES MUSEUM FUNDRAISER - DONATIONS THE MUSEUM FOR OPERATION OF FACILITIES.
PROVIDED THREE SCHOLARSHIPS OF $1000 EACH TO THREE INDIVIDUALS . CRITERIA FOR SELECTION IS INTENTIONAL PURSUING A CAREER IN PUBLIC SERVICE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Capt Fred S Bertsch III Usnret Treasurer | 1 | $0 | |
Dr Mary Jo Bertsch MD Chairman | 1 | $0 | |
Dr Stuart R Bertsch MD Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $54,163 |
| Interest on Savings | $1 |
| Dividends & Interest | $878 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,042 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $774 |
| Contributions, gifts, grants paid | $13,000 |
| Total expenses and disbursements | $13,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $595 |
| Savings and temporary cash investments | $1,964 |
| 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 | $87,640 |
| 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, Lorraine F Bertsch And Fred S Bertsch Jr Foundation has awarded $13,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
USS SILVERSIDES MUSEU PURPOSE: SPONSORSHIP FOR SILVERSIDES MUSEUM LECTURE SERIES ON MILITARY HISTORY | $6,000 |
USS SILVERSIDES MUSEUM PURPOSE: DONATION TO SILVERSIDES LUAU FUNDRAISER | $4,000 |
LYDIA SPRIK PURPOSE: COLLEGE SCHOLARSHIP | $1,000 |
ROBERT KUMPF PURPOSE: SCHOLARSHIP TO CONTINUE WORK ON PHD | $1,000 |
HOLLY VINCENT PURPOSE: SCHOLARSHIP FOR COLLEGE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Burke Foundation Inc Milwaukee, WI | $121,362,007 | $6,169,378 |
Legacy Ministries International Miamisburg, OH | $19,772,122 | $9,496,870 |
Delta Dental Fund Lansing, MI | $137,389,492 | $20,883,469 |
Henrietta M Riley Trust 33b006006 Fbo Detroit, MI | $3,389,171 | $4,902,878 |
Vine And Branches Foundation Inc Brookfield, WI | $8,641,827 | $2,521,561 |
Association Of State Floodplain Managers Inc Madison, WI | $3,465,086 | $3,791,524 |
Higley Fund Of The Cleveland Foundation Cleveland, OH | $45,795,016 | $3,866,437 |
William T And Frances A Little Foundation Kalamazoo, MI | $11,702,405 | $13,614,004 |
Iba Foundation Inc Indianapolis, IN | $12,440,961 | $2,236,680 |
Ashland Legacy Tr Ashland, OH | $4,120,436 | $0 |
Northeastern Wisconsin Area Health Education Center Inc Manitowoc, WI | $935,274 | $1,545,706 |
Transformation Trust Inc Indianapolis, IN | $23,182,828 | $1,253,752 |