Overview
What is Edward & Rose Berman Legacy Foundation?
The Edward & Rose Berman Legacy Foundation is a charitable organization, headquartered at 2000 Technology Drive, Pittsburgh, Pennsylvania 15219. Its primary objective is to support the Jewish Federation of Greater Pittsburgh in achieving their charitable goals. This is done by functioning as a supporting organization, contributing financially to the latter's activities and initiatives. The foundation's mission is devoted to making a positive impact in the local community, with a focus on serving the Jewish Federation of Greater Pittsburgh.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63%, Two-Star out of Four Star rating
The Edward & Rose Berman Legacy Foundation holds a two-star rating from Charity Navigator, reflecting a score of 63%. This rating is primarily based on the charity's accountability and financial practices, which scored high marks in several key areas. Notably, the foundation has a fully independent board, with 66% of its members meeting independence criteria, and demonstrates no material diversion of assets.
Strengths of the organization include a remarkable program expense ratio of 99.35%, indicating that nearly all funds are directed towards its programs rather than administrative costs. Additionally, the foundation consistently documents its board meeting minutes and maintains a perfect score for its liabilities to assets ratio, showcasing sound financial management and transparency.
Despite these strengths, the overall two-star rating suggests room for improvement in areas that may enhance its operational effectiveness and donor confidence. While the financial practices are commendable, the foundation may need to focus on increasing its overall performance metrics to achieve a higher rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Edward & Rose Berman Legacy Foundation legitimate?
Edward & Rose Berman Legacy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Edward & Rose Berman Legacy Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Edward & Rose Berman Legacy Foundation?
The Edward and Rose Berman Legacy Foundation's mission is centered around supporting charitable objectives. It fulfills this purpose by functioning as a benefactor for the advantage of a specific organization, specifically the Jewish Federation of Greater Pittsburgh. The foundation's primary objective is to contribute to the work of this organization, promoting charitable causes and making a positive impact in its capacity as a supporting organization. The foundation's activities are not detailed in the provided information, but it is known that it distributes funds to the Jewish Federation of Greater Pittsburgh.
Who is the CEO of Edward & Rose Berman Legacy Foundation?
Jeffrey Finkelstein is the Treasurer Director of Edward & Rose Berman Legacy Foundation.
What is the revenue of Edward & Rose Berman Legacy Foundation?
Edward & Rose Berman Legacy Foundation's revenue in 2023 was $147,122.
Who are the executives of Edward & Rose Berman Legacy Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $455,307
- Other: $47,756
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Edward & Rose Berman Legacy Foundation?
Edward & Rose Berman Legacy Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Edward & Rose Berman Legacy Foundation
The Edward & Rose Berman Legacy Foundation is dedicated to realizing charitable objectives by serving as a benefactor organization, primarily aiding the Jewish Federation of Greater Pittsburgh. In essence, its mission is to support the endeavors of this primary beneficiary organization, working towards common charitable goals. The Foundation does not disclose specific details about its activities or initiatives, but its primary focus is on providing assistance to the Jewish Federation of Greater Pittsburgh.
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Impact
October, 2024
The Edward & Rose Berman Legacy Foundation significantly influences the Pittsburgh community by advancing charitable initiatives aligned with the mission of the Jewish Federation of Greater Pittsburgh. By providing essential support and funding, the foundation enhances various programs and services that directly benefit the Jewish community and surrounding areas. Its efforts play a crucial role in fostering social welfare, promoting cultural enrichment, and addressing community needs effectively.
Through strategic distributions, the foundation amplifies the impact of the Jewish Federation of Greater Pittsburgh, facilitating outreach and assistance to individuals and families in need. This collaborative approach not only strengthens the Jewish community but also contributes to the broader philanthropic landscape in Pittsburgh, ensuring that vital resources and support are available to enhance quality of life and foster a spirit of giving. The foundation embodies a commitment to service, legacy, and community development, making a lasting difference in the lives of those it serves.
This information is meant to be a general summary of Edward & Rose Berman Legacy Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,192
- Gross Receipts: $306,082
Assets and Liabilities:
- Total Assets: $726,731
- Total Liabilities: $0
- Net Assets: $726,731
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Organization Details
Founding Year
2003
Phone
(412) 992-5260Principal Officer
Jeffrey Finkelstein
Main Address
2000 TECHNOLOGY DR, PITTSBURGH, PA, 152193112
NTEE Category
Code: T12 - Philanthropy
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