Lorraine F Bertsch And Fred S Bertsch Jr Foundation
- Assets
- $142.9k
- Revenue
- $43.1k
- Investments
- $140.4k
- Employees
- 0
- Location
- Whitehall, MI
- Founding
- 12/2019
- Data as of
- 12/2023
- 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 12/2023, Lorraine F Bertsch And Fred S Bertsch Jr Foundation generated $43.1k in total revenue. All expenses for the organization totaled $15.3k during the year ending 12/2023.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
USS SILVERSIDES MUSEUM EDUCATION SERIES - USS SILVERSIDES PROVIDES EDUCATION SERIES THROUGHOUT THE YEAR TO PROVIDE STEM LEARNING TO CHILDREN PROVIDES HISTORICAL LECTURES TO THE PUBLIC AND VETERANS BENEFIT LECTURES FOR VETERANS
DONATION TO USS SILVERSIDES FUNDRAISER FOR OPERATING EXPENSES FOR THE YEAR - MAJOR FUNDRAISER FOR THE YEAR FOR USS SILVERSIDES
SCHOLARSHIPS FOR COLLEGE STUDENTS - PROVIDES FOUR $1,000 SCHOLARSHIPS FOR WESTERN MICHIGAN SCHOOL STUDENTS TO CONTINUE POST SECONDARY SCHOOL EDUCATION. CRITERIA IS INTENTION OF PURSUING A CAREER IN PUBLIC SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Mary Jo Bertsch MD Chairman | 1 | $0 | |
Capt Fred S Bertsch III Usnret Treasurer | 1 | $0 | |
Dr Stuart R Bertsch MD Secretary | 1 | $0 | |
James T Bertsch Registerd State Agent | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $41,671 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,459 |
| 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 | $43,130 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $32 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $337 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $15,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,533 |
| Savings and temporary cash investments | $1,039 |
| 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 | $142,926 |
| 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 $15,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
USS SILVERSIDWA MUSEUM PURPOSE: SPONSORSHIP FOR SILVERSIDES MUSEUM LECTURE ND EDUCATIONAL PROGRAMS AND SERIES ON MILITARY HISTORY AND VETERANS AFFAIRS | $6,000 |
USS SILVERSIDES MUSEUM PURPOSE: DONATION TO LUAU FUNDRAISER PRIMARY FUNDRAISING PROGRAM FOR USS MUSEUM OPERATING FUNDS | $5,000 |
DANIEL COLON-CRESPO PURPOSE: SCHOLARSHIP FOR POST SECONDARY EDUCATION | $1,000 |
CODY FAAS PURPOSE: SCHOLARSHIP FOR POST SECONDARY SCHOOL EDUCATION | $1,000 |
GRACE E VANDERWOUDE PURPOSE: SCHOLARSHIP FOR POST SECONDARY SCHOOL EDUCATION | $1,000 |
EMILY SUCHOWOLEC PURPOSE: SCHOLARSHIP FOR POST SECONDARY EDUCATION | $1,000 |