Nonprofit · EIN 38-6644875
MADELEINE AND MANDELL L BERMAN FOUNDATION
Tax-exempt · NOVI, MI 48376
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,140,444 | $1,358,986 | -$218,542 | $19,428,160 | $0 | $19,428,160 |
| December 31, 2023 | 990-PF | $326,349 | $745,473 | -$419,124 | $19,646,702 | $0 | $19,646,702 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $224,025
- Interest
- $133,563
- Net gain from sales of assets
- $435,134
- Other income
- $347,722
Expenses
- Grants and similar amounts paid
- $907,588
- Compensation of officers, directors and key employees
- $100,000
- Disbursements for charitable purposes
- $1,167,814
- Excise tax on investment income
- $13,195
Balance sheet and other
- Total assets, start of year
- $19,646,702
- Total assets, end of year
- $19,428,160
- Total liabilities, end of year
- $0
- Net assets, end of year
- $19,428,160
- Fair market value of assets
- $22,500,981
- Qualifying distributions
- $1,167,814
- Net investment income
- $1,140,444
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JONATHAN BERMAN 2035 N 95TH STREET, BOULDER, CO 80301 | TRUSTEE | 2 | $50,000 |
| ANN FELD 1155 PARK AVENUE - APT 9NE, NEW YORK, NY 10128 | TRUSTEE | 2 | $25,000 |
| LAURENCE FREEDMAN 2752 HOLLYRIDGE DRIVE, LOS ANGELES, CA 90068 | TRUSTEE | 2 | $25,000 |
| DAVID JONES 1177 HIGH RIDGE ROAD, STAMFORD, CT 06905 | TRUSTEE | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JONATHAN BERMAN 2035 N 95TH STREET, BOULDER, CO 80301 | TRUSTEE | 2 | $50,000 |
| ANN FELD 1155 PARK AVENUE - APT 9NE, NEW YORK, NY 10128 | TRUSTEE | 2 | $25,000 |
| LAURENCE FREEDMAN 2752 HOLLYRIDGE DRIVE, LOS ANGELES, CA 90068 | TRUSTEE | 2 | $25,000 |
| DAVID JONES 1177 HIGH RIDGE ROAD, STAMFORD, CT 06905 | TRUSTEE | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 24875 NOVI RD UNIT 1350, NOVI, MI 48376-7750
- Signed the 990-PF
- JONATHAN BERMAN, TRUSTEE
- Phone
- (248) 353-8390
- Return prepared by
- FGMK LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 38-6644875
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22Z)
- Assets (IRS master file)
- $19,428,160
- Income (IRS master file)
- $5,087,608
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,140,444 | $1,358,986 | $19,428,160 | XML |
| 990-PF | December 2023 | $326,349 | $745,473 | $19,646,702 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-6644875).
Questions about MADELEINE AND MANDELL L BERMAN FOUNDATION
- What is the EIN of MADELEINE AND MANDELL L BERMAN FOUNDATION?
- The employer identification number (EIN) of MADELEINE AND MANDELL L BERMAN FOUNDATION is 38-6644875.
- Is MADELEINE AND MANDELL L BERMAN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to MADELEINE AND MANDELL L BERMAN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MADELEINE AND MANDELL L BERMAN FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MADELEINE AND MANDELL L BERMAN FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MADELEINE AND MANDELL L BERMAN FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of MADELEINE AND MANDELL L BERMAN FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 3 received compensation from the organization, the highest $50,000 (JONATHAN BERMAN, TRUSTEE).
- How much revenue does MADELEINE AND MANDELL L BERMAN FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,140,444, expenses of $1,358,986 and total assets of $19,428,160 at year end.
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