Farley L Berman Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 631082554 ✦ Anniston, AL ✦ Designated as a 501(c)(3)

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Overview

What is Farley L Berman Foundation Inc?

The Farley L Berman Foundation Inc, based in Anniston, Alabama, is a dedicated nonprofit organization with a unique mission. Their primary focus is to preserve, manage, and utilize historically significant properties that hold importance in global history, with the aim of educating the public. By collecting and utilizing these artifacts, they contribute to the understanding and appreciation of the world's past. Their work serves as an invaluable resource for the community, promoting historical education and public benefit.


Official website here: www.bermanmuseum.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 78%, Three-Star out of Four Star rating.

The Farley L Berman Foundation Inc has received a solid Three-Star rating from Charity Navigator, reflecting an overall score that depends entirely on its Accountability & Finance metrics. The organization demonstrates strengths in governance, with a fully independent board and no material diversion of assets, which are crucial for maintaining donor trust and operational integrity.

The foundation's Accountability & Finance score of 78 indicates a strong management of resources, though there are a few areas for improvement. While the organization has a high program expense ratio of 66.34%, it falls short due to missing policies regarding whistleblower protections and document retention. Implementing these policies could enhance overall accountability and transparency.

Despite these limitations, the foundation's financial health appears robust, with zero liabilities relative to its assets. This financial stability, combined with a commitment to accountability, positions the Farley L Berman Foundation Inc as a responsible nonprofit organization in its sector.


This AI summary has been generated from information found on Charity Navigator.

Is Farley L Berman Foundation Inc legitimate?

Farley L Berman Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Farley L Berman Foundation Inc 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


Official website here: www.bermanmuseum.org

What is the mission statement of Farley L Berman Foundation Inc?

The Farley L. Berman Foundation's mission is to preserve, manage, and utilize historically significant property related to world history for educational purposes, benefitting the public. This non-profit organization is dedicated to collecting and showcasing such properties, aiming to educate the public and enrich their understanding of historical events and periods.


Official website here: www.bermanmuseum.org

Who is the CEO of Farley L Berman Foundation Inc?

Greg Potts is the President of Farley L Berman Foundation Inc.


Official website here: www.bermanmuseum.org

What is the revenue of Farley L Berman Foundation Inc?

Farley L Berman Foundation Inc's revenue in 2022 was $35,494.


Official website here: www.bermanmuseum.org

Who are the executives of Farley L Berman Foundation Inc and what are their salaries?


Here are 12 key members and their salaries:


Greg Potts (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Sloughfy (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynne Isom (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Ford (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathan Hill (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Brown (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hunter Gentry (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charlotte Hubbard (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Keith (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trey Ridlin (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Landon Shirey (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Hearn (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.bermanmuseum.org

Where can I find the form 990 for Farley L Berman Foundation Inc?

Farley L Berman Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.bermanmuseum.org

Learn more at the official website: www.bermanmuseum.org

Mission Statement of Farley L Berman Foundation Inc

The Farley L. Berman Foundation is committed to preserving, managing, and utilizing historically significant property related to world history for educational purposes, benefiting the public. The organization's mission is centered around the collection and utilization of such property, with a focus on its educational value. By doing so, the Farley L. Berman Foundation aims to contribute to the broader understanding of history, making it accessible to the public. The foundation's efforts in this regard serve to promote learning and cultivate a deeper appreciation of the world's past.

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Impact




August, 2024

The Farley L Berman Foundation Inc has a significant impact on the preservation, management, collection, and utilization of historically significant property for educational purposes. By focusing on the history of the world, the foundation benefits the public by providing access to valuable historical artifacts and resources. Through its dedicated efforts, the foundation plays a crucial role in promoting education, preserving cultural heritage, and fostering a deeper understanding of our shared past.




This information is meant to be a general summary of Farley L Berman Foundation Inc. 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.

Revenue
$35,494 (2022)
Expenses
$15,401 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $30,144
  • Gross Receipts: $90,713

Assets and Liabilities:

  • Total Assets: $9,440,345
  • Total Liabilities: $0
  • Net Assets: $9,440,345

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Organization Details

Founding Year

1994

Principal Officer

Greg Potts

Main Address

PO BOX 2245, ANNISTON, AL, 36202

NTEE Category

Code: A54 - Arts

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