Nonprofit · EIN 26-0181739
JUDITH AND MICHAEL BERMANFOUNDATION
Tax-exempt · MINNEAPOLIS, MN 55416
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $22,562 | $60,734 | -$38,172 | $271,473 | $455 | $271,018 |
| December 31, 2023 | 990 | $10,747 | $45,892 | -$35,145 | $303,894 | $489 | $303,405 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $22,562
- Net gain from sales of assets
- $15,870
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $58,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $58,000
- Management and general (functional)
- $2,734
Balance sheet and other
- Total assets, start of year
- $303,894
- Total assets, end of year
- $271,473
- Total liabilities, end of year
- $455
- Net assets, end of year
- $271,018
- Net assets without donor restrictions
- $271,018
- Gross receipts
- $22,562
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2007
- State of legal domicile
- MN
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAMES A COHEN | DIRECTOR Trustee or director | 1 | $0 | $453,360 | $37,979 |
| MICHAEL BERMAN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JUDITH BERMAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| STEVE LEAR | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| IRIS TZAFRIR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAMES A COHEN | DIRECTOR Trustee or director | 1 | $0 | $367,170 | $38,377 |
| MICHAEL BERMAN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JUDITH BERMAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| STEVE LEAR | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| IRIS TZAFRIR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4330 CEDAR LAKE RD S, MINNEAPOLIS, MN 55416-3700
- In care of
- % MICHAEL BERMAN
- Principal officer (990 for 2024)
- MICHAEL BERMAN, 4330 CEDAR LAKE ROAD, MINNEAPOLIS, MN 55416
- Signed the 990
- MICHAEL BERMAN, PRESIDENT
- Phone
- (952) 593-2600
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
THE JUDITH AND MICHAEL BERMAN FOUNDATION IS ORGANIZED TO CARRY OUT THE PURPOSES OF MINNEAPOLIS JEWISH FEDERATION BY ACCEPTING CONTRIBUTIONS, INVESTING ITS ASSETS, AND MAKING GRANTS TO BENEFIT JEWISH CAUSES AND ORGANIZATIONS.
Program accomplishments
- TO SUPPORT THE PURPOSES OF MINNEAPOLIS JEWISH FEDERATION, BY ACCEPTING CONTRIBUTIONS, INVESTING ITS ASSETS, AND MAKING GRANTS TO BENEFIT JEWISH CAUSES AND ORGANIZATIONS.Expenses $58,000 · grants $58,000
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-0181739
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $271,473
- Income (IRS master file)
- $22,562
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $22,562 | $60,734 | $271,473 | IRS |
| 990 | December 2023 | $10,747 | $45,892 | $303,894 | XML |
| 990 | December 2022 | $93,292 | $71,778 | $314,428 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | August 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 26-0181739).
Questions about JUDITH AND MICHAEL BERMANFOUNDATION
- What is the EIN of JUDITH AND MICHAEL BERMANFOUNDATION?
- The employer identification number (EIN) of JUDITH AND MICHAEL BERMANFOUNDATION is 26-0181739.
- Is JUDITH AND MICHAEL BERMANFOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to JUDITH AND MICHAEL BERMANFOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does JUDITH AND MICHAEL BERMANFOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of JUDITH AND MICHAEL BERMANFOUNDATION 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 JUDITH AND MICHAEL BERMANFOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of JUDITH AND MICHAEL BERMANFOUNDATION?
- The 990 for the year ended December 31, 2024 names MICHAEL BERMAN.
- Who are the officers and directors of JUDITH AND MICHAEL BERMANFOUNDATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does JUDITH AND MICHAEL BERMANFOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $22,562, expenses of $60,734 and total assets of $271,473 at year end.
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