Nonprofit · EIN 94-2940733
BERMAN CHARITABLE TRUST
Tax-exempt · ROCKVILLE, MD 20852
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $2,309,349 | $640,779 | $1,668,570 | $29,928,104 | $9,709,941 | $20,218,163 |
| December 31, 2023 | 990-PF | $675,423 | $785,075 | -$109,652 | $30,161,723 | $11,611,078 | $18,550,645 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $265,526
- Net rental income
- $214,230
- Net gain from sales of assets
- -$179,378
- Other income
- $1,864,556
Expenses
- Grants and similar amounts paid
- $411,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $411,000
- Excise tax on investment income
- $31,501
Balance sheet and other
- Total assets, start of year
- $30,161,723
- Total assets, end of year
- $29,928,104
- Total liabilities, end of year
- $9,709,941
- Net assets, end of year
- $20,218,163
- Fair market value of assets
- $21,526,768
- Qualifying distributions
- $411,000
- Net investment income
- $2,488,727
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 |
|---|---|---|---|
| DENNIS BERMAN 5410 EDSON LANE SUITE 220, ROCKVILLE, MD 20852 | TRUSTEE | 2 | $0 |
| VICKI BERMAN 6319 TILDEN LANE, ROCKVILLE, MD 20852 | TRUSTEE | 2 | $0 |
| STEPHEN L BERMAN 4565 BARBERA ST, RICHLAND, WA 99352 | TRUSTEE | 2 | $0 |
| LARRY P BORMEL 14409 GREENVIEW DRIVE 201, LAUREL, MD 20708 | TRUSTEE | 2 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DENNIS BERMAN 5410 EDSON LANE SUITE 220, ROCKVILLE, MD 20852 | TRUSTEE | 2 | $0 |
| VICKI BERMAN 6319 TILDEN LANE, ROCKVILLE, MD 20852 | TRUSTEE | 2 | $0 |
| STEPHEN L BERMAN 4565 BARBERA ST, RICHLAND, WA 99352 | TRUSTEE | 2 | $0 |
| LARRY P BORMEL 14409 GREENVIEW DRIVE 201, LAUREL, MD 20708 | TRUSTEE | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 5410 EDSON LN STE 220, ROCKVILLE, MD 20852-3195
- Signed the 990-PF
- DENNIS BERMAN, TRUSTEE
- Phone
- (301) 816-1555
- Return prepared by
- BORMEL GRICE & HUYETT PA
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
- 94-2940733
- 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
- 1986
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $29,928,104
- Income (IRS master file)
- $3,669,026
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $2,309,349 | $640,779 | $29,928,104 | XML |
| 990-PF | December 2023 | $675,423 | $785,075 | $30,161,723 | 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 94-2940733).
Questions about BERMAN CHARITABLE TRUST
- What is the EIN of BERMAN CHARITABLE TRUST?
- The employer identification number (EIN) of BERMAN CHARITABLE TRUST is 94-2940733.
- Is BERMAN CHARITABLE TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to BERMAN CHARITABLE TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BERMAN CHARITABLE TRUST file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BERMAN CHARITABLE TRUST 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 BERMAN CHARITABLE TRUST 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 BERMAN CHARITABLE TRUST?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does BERMAN CHARITABLE TRUST have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,309,349, expenses of $640,779 and total assets of $29,928,104 at year end.
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