Berry Gordy Family Foundation
- Assets
- $1.2m
- Revenue
- $148.9k
- Investments
- $1.2m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 12/1996
- Data as of
- 12/2021
- EIN
- 95-4605488
Organization Overview
Berry Gordy Family Foundation is located in Los Angeles, CA. The organization was established in 1996. 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. Berry Gordy 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, Berry Gordy Family Foundation generated $148.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $63.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Berry Gordy Family Foundation has awarded 75 individual grants totaling $875,857. 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 |
|---|---|---|---|
Berry Gordy IV Director | 0 | $0 | |
Carol Perrin Director | 0 | $0 | |
Brenda Boyce Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16 |
| Dividends & Interest | $16,062 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $132,545 |
| Capital Gain Net Income | $132,545 |
| Net ST Capital Gain | $132,545 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $245 |
| Total Revenue | $148,868 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,000 |
| Printing and publications | $0 |
| Other expenses | $129 |
| Total operating and administrative expenses | $2,369 |
| Contributions, gifts, grants paid | $61,000 |
| Total expenses and disbursements | $63,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,163 |
| 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 | $1,196,964 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,217,127 |
| Accounts payable and accrued expenses | $385 |
| 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 | $385 |
Grants Awarded
Over the last fiscal year, Berry Gordy Family Foundation has awarded $61,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: UNRESTRICTED | $25,000 |
MIDNIGHT MISSION GOLDEN HEART AWARD PURPOSE: UNRESTRICTED | $10,000 |
HARVARD UNIVERSITY-KENNEDY SCHOOL PURPOSE: UNRESTRICTED | $10,000 |
ROCK ROLL HALL OF FAME PURPOSE: UNRESTRICTED | $7,500 |
Los Angeles, CA PURPOSE: UNRESTRICTED | $6,500 |
Westlake Village, CA PURPOSE: UNRESTRICTED | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James G Boswell Foundation Pasadena, CA | $149,317,114 | $5,540,300 |
Dj And T Foundation San Marino, CA | $47,605 | $2,666,565 |
Terasaki Family Foundation Los Angeles, CA | $55,847,762 | $8,456,920 |
The Green Foundation Pasadena, CA | $146,510,073 | $6,369,927 |
Winifred Stevens Foundation Tempe, AZ | $145,980,607 | $5,750,312 |
Smidt Foundation Beverly Hills, CA | $297,009,974 | $102,197,850 |
Arizona Sheet Metal Trade Trust Fund Phoenix, AZ | $16,953,948 | $8,730,285 |
Baker Street Foundation San Francisco, CA | $111,419,700 | $19,294,792 |
Pivotal Foundation Phoenix, AZ | $29,461,930 | $23,938,101 |
Fletcher Jones Foundation Pasadena, CA | $171,018,850 | $2,557,259 |
Angell Foundation Los Angeles, CA | $118,335,921 | $5,741,529 |
Ben And Catherine Ivy Foundation Scottsdale, AZ | $302,350,252 | $12,975,372 |