Civic Intelligence

Foundation Berma

990 • Fiscal year 2020 • EIN 13-3068203

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 08, 2021

Organization ProfileN/A
Carter Ledyard Milburn 2 Wall StNew York, NY 10005

(212) 732-3200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

2020 filings • $250M-$1B nonprofits • Source year 2020

Liabilities / Revenue

11th percentile

0.02x

Higher debt load relative to revenue than 11% of similar nonprofits.

2020 filings • $250M-$1B nonprofits • Source year 2020

Net Margin

83rd percentile

23%

Higher net margin than 83% of similar nonprofits.

2020 filings • $250M-$1B nonprofits • Source year 2020

Top Officer Pay

10th percentile

$72,619

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2020 filings • $250M-$1B nonprofits • Source year 2020

Asset Growth

61st percentile

11%

Faster asset growth than 61% of similar nonprofits.

2020 filings • $250M-$1B nonprofits • Annualized from 2019 to 2020

Revenue Growth

4th percentile

-53%

Faster revenue growth than 4% of similar nonprofits.

2020 filings • $250M-$1B nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$304,517,387

Up $29,361,995 (+11%) from 2019

Net Assets

Up

$304,271,559

Up $29,116,167 (+11%) from 2019

Liabilities

Up

$245,828

Up $245,828 from 2019

Revenue And Expenses
Liabilities / Revenue11th percentileNet Margin83rd percentile

Revenue

Down

$11,112,978

Down $12,313,321 (-53%) from 2019

Expenses

Up

$8,573,530

Up $188,416 (+2.2%) from 2019

Net Income

Down

$2,539,448

Down $12,501,737 (-83%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400M$300M$200M$100M$0Assets 2010: $282,224,391Liabilities 2010: $8,166,124Net Assets 2010: $274,058,2672010Assets 2011: $195,834,524Liabilities 2011: $92,811Net Assets 2011: $195,741,7132011Assets 2012: $198,847,342Liabilities 2012: $1,093,491Net Assets 2012: $197,753,8512012Assets 2013: $208,284,362Liabilities 2013: $349,279Net Assets 2013: $207,935,0832013Assets 2014: $221,924,231Liabilities 2014: $184,441Net Assets 2014: $221,739,7902014Assets 2015: $214,750,795Liabilities 2015: $123,155Net Assets 2015: $214,627,6402015Assets 2016: $231,791,810Liabilities 2016: $2,329,599Net Assets 2016: $229,462,2112016Assets 2017: $266,707,081Liabilities 2017: $1,349,984Net Assets 2017: $265,357,0972017Assets 2018: $266,707,081Liabilities 2018: $1,349,984Net Assets 2018: $265,357,0972018Assets 2019: $275,155,392Liabilities 2019: $0Net Assets 2019: $275,155,3922019Assets 2020: $304,517,387Liabilities 2020: $245,828Net Assets 2020: $304,271,5592020Assets 2021: $320,553,699Liabilities 2021: $191,292Net Assets 2021: $320,362,4072021Assets 2022: $266,693,287Liabilities 2022: $265,727Net Assets 2022: $266,427,5602022Assets 2023: $283,348,233Liabilities 2023: $255,448Net Assets 2023: $283,092,7852023Assets 2024: $304,058,701Liabilities 2024: $350,684Net Assets 2024: $303,708,0172024

Highlighted filing

2020

Assets$304,517,387
Liabilities$245,828
Net Assets$304,271,559
Open 2020 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0-$50MRevenue 2010: $2,567,650Expenses 2010: $11,121,464Net Income 2010: -$8,553,8142010Revenue 2011: $34,022,690Expenses 2011: $57,903,460Net Income 2011: -$23,880,7702011Revenue 2012: $195,820Expenses 2012: $9,763,083Net Income 2012: -$9,567,2632012Revenue 2013: $41,114,963Expenses 2013: $8,202,142Net Income 2013: $32,912,8212013Revenue 2014: -$2,032,238Expenses 2014: $7,918,137Net Income 2014: -$9,950,3752014Revenue 2015: $15,673,840Expenses 2015: $8,494,627Net Income 2015: $7,179,2132015Revenue 2016: $30,892,573Expenses 2016: $10,963,914Net Income 2016: $19,928,6592016Revenue 2017: $15,652,716Expenses 2017: $10,078,909Net Income 2017: $5,573,8072017Revenue 2018: $15,652,716Expenses 2018: $10,078,909Net Income 2018: $5,573,8072018Revenue 2019: $23,426,299Expenses 2019: $8,385,114Net Income 2019: $15,041,1852019Revenue 2020: $11,112,978Expenses 2020: $8,573,530Net Income 2020: $2,539,4482020Revenue 2021: $33,382,644Expenses 2021: $11,256,119Net Income 2021: $22,126,5252021Revenue 2022: $7,242,654Expenses 2022: $10,541,188Net Income 2022: -$3,298,5342022Revenue 2023: $3,317,970Expenses 2023: $9,504,203Net Income 2023: -$6,186,2332023Revenue 2024: $2,983,843Expenses 2024: $10,323,224Net Income 2024: -$7,339,3812024

Highlighted filing

2020

Revenue$11,112,978
Expenses$8,573,530
Net Income$2,539,448
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 8, 2021
Return Version
2020v4.1
Gross Receipts
$92,946,394
Mission and Program Overview

Mission

Religious, charitable, scientific, educational and social welfare purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$274,919,436$304,271,559▲ $29,352,123
Investments Other Securities$145,016,557$160,539,578▲ $15,523,021
Investments in Publicly Traded Securities$83,031,853$89,339,980▲ $6,308,127
Cash and Non-Interest-Bearing Accounts$46,343,511$28,555,562▼ $17,787,949
Accounts Receivable$763,471$26,082,267▲ $25,318,796
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$275,155,392$304,517,387▲ $29,361,995
Liabilities
Other Liabilities$148,472$139,651▼ $8,821
Accounts Payable and Accrued Expenses$87,484$106,177▲ $18,693
Total Liabilities$235,956$245,828▲ $9,872
Net Assets / Fund Balance
Total Net Assets Fund Balance$274,919,436$304,271,559▲ $29,352,123
Total Liabilities and Net Assets / Fund Balance$275,155,392$304,517,387▲ $29,361,995

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$158,773,636--
Closely Held Equity Interests$1,765,942--
Compensation and Service Providers
Top Officer Pay10th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
-Nominates Council MembersPT$72,619-$72,619
Beatrice Curty-Golay resigned 120Member of Council--$4,596$4,596

Board Members and Trustees

NameTitle
Beatrice RosenbergPresident
Ariel WeissMember of Council
Nicholas HuttmanMember of Council
Viviane HirschMember of Council
Philipe A GrumbachSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Windmill Hill Asset Management LimitedInvestment AdministrationWaddesdon Aylesbury, Bucks, Uk$541,513
Revenue and Support

Revenue Composition

Contributions and Grants
$5,282
Program Service Revenue
$0
Investment Income
$10,083,477
Other Revenue
$1,024,219
Change in Net Assets
$2,539,448

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,112,978
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$26,812,675
Total Revenue per Audited Statements
$37,925,653
Total Revenue per Form 990
$11,112,978
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$7,613,812
Other Expenses$887,099
Salaries, Compensation, and Employee Benefits$72,619
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$7,613,812--$7,613,812
Fees for Service Investment Mgmnt Fees-$492,708-$492,708
Fees for Services Management-$100,000-$100,000
Current Officers, Directors, Trustees, and Key Employees-$72,619-$72,619
Other Expenses-$55,076-$55,076
Fees for Services Accounting-$28,688-$28,688
Insurance-$5,775-$5,775
Fees for Services Legal-$141-$141
Total Functional Expenses$7,613,812$959,718$0$8,573,530

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,573,530
Total Expenses per Audited Statements$8,573,530
Total Expenses per Form 990$8,573,530
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
2
Spending
$7,713,812

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Middle East (Israel)Grants to recipients-01$7,416,116
EuropeGrants to recipients-00$197,696
Middle East (Israel)Grants administration-01$100,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Common controlGrant administrationNo$100,000
-Nominates the council members of Fondation BermaAdministration servicesNo$72,619
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Investment performance fees$88,839
Administration services$50,812
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

“One of the council members of Fondation Berma is also an employee of Berma Trust S.A. (Resigned January 31, 2020)”

Form 990, Part VI, Section A, line 7A

“Berma Trust S.A. appoints the council members of Fondation Berma.”

Form 990, Part VI, Section B, line 11B

“The organization provides its Form 990 to the Foundation's Board Members for comments and review prior to filing.”

Form 990, Part VI, Section C, line 19

“The organization maintains its organizational records and makes them available for public review to the extent required by Swiss law.”

Form 990, Part VII, Section A Line 1:

“Berma Trust S.A. appoints the council members of Fondation Berma and is NOT a Trustee. In this Section it was categorized as an "Institutional Trustee" merely as a result of the other Form 990-provided options being less applicable.”

Filing and Contact Details

Filer

Filer Name
Foundation Berma
EIN
13-3068203
Phone
2127323200
Address
Carter Ledyard Milburn 2 Wall St, New York, NY 10005

Signing Officer

Name
Ariel Weiss
Title
Member of Council
Phone
2127323200
Signed
2021-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Philippe Grumbach
Formed
1980
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Carter Ledyard & Milburn LLP
Address
2 Wall St, New York, NY 10005
Preparer
Denise A Dixon
Phone
2127323200
Supplemental Narrative

Financial Statement Notes

Part VII - Investments-Other Securities. Line 3 (Other):

“The organization pursues sophisticated and proprietary investment strategies and would suffer financial harm if these became widely known. The organization will provide detailed asset holdings to the Internal Revenue Service upon request.”

Raw XML AppendixShowing 400 of 581 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYInvestmentIncomeAmt023010365
IRS990/PYOtherExpensesAmt0798639
IRS990/PYOtherRevenueAmt0410689
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt015041185
IRS990/PYSalariesCompEmpBnftPaidAmt0103066
IRS990/PYTotalExpensesAmt08385114
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt023426299
IRS990/ReconcilationRevenueExpnssAmt02539448
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RelatedOrganizationsAmt05282
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0274919436
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0304271559
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt01765942
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/MethodValuationCd0C
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt08573530
IRS990ScheduleD/NetUnrealizedGainsInvstAmt026812675
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt050812
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt188839
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Administration services
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Investment performance fees
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0158773636
IRS990ScheduleD/OtherSecuritiesGrp/Desc0(The detailed list can be requested)
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt026812675
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt011112978
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The organization pursues sophisticated and proprietary investment strategies and would suffer financial harm if these became widely known. The organization will provide detailed asset holdings to the Internal Revenue Service upon request.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VII - Investments-Other Securities. Line 3 (Other):
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0160539578
IRS990ScheduleD/TotalExpensesPerForm990Amt08573530
IRS990ScheduleD/TotalLiabilityAmt0139651
IRS990ScheduleD/TotalRevenuePerForm990Amt011112978
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt037925653
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08573530
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt21
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt07416116
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1197696
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt2100000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Middle East (Israel)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1Europe
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2Middle East (Israel)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Grants to recipients
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Grants to recipients
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2Grants administration
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd01
IRS990ScheduleF/ForeignPartnershipInd01
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt013073
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt113966
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt2304669
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt311335
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt47004248
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt55955
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt610912
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt751644
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt866320
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt97256
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1015549
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1116580
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1216342
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1321830
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1454113
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt2Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt3Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt4Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt5Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt6Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt7Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt8Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt9Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt10Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt11Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt12Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt13Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt14Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Book History Jews
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1Workers rights
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt2Youth residential center
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt3Scholarships Bedouin
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt4Memorial Gardens
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt5Legal Aid Elderly
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt6School
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt7Kindergarten
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt8Book Fair
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt9Music Festival
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt10Jewish Art
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt11School furniture
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt12International Jewish Festival
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt13Diabetes Services
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt14Open University
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0Europe
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1Middle East (Israel)
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt2Middle East (Israel)
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt3Middle East (Israel)
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt4Middle East (Israel)
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt5Middle East (Israel)
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt6Europe
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt7Europe
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt8Europe
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt9Europe
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt10Europe
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt11Europe
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt12Europe
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt13Middle East (Israel)
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt14Middle East (Israel)
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc1FMV
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc2FMV
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc3FMV
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc4FMV
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc5FMV
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc6FMV
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc7FMV
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc8FMV
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc9FMV
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc10FMV
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc11FMV
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc12FMV
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc13FMV
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc14FMV
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd01
IRS990ScheduleF/SubtotalEmployeesCnt02
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt07713812
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0For grant applicants, the Foundation reviews the following information: (a) Confirmation of non-profit status (b) Budgets and budget assumptions for the project for which the grant funds are being applied (c) Audited statements (d) Valid tax certifications (e) References All grants are approved by the Foundation Council and the grantee is required to sign a grant letter confirming the terms of the grant. All applicants whose projects are approved must provide a detailed work plan which is submitted to the relevant project manager. For large strategic grants there is also a Kick-Off meeting(s) wherein the Foundation and the Grantee go over the whole process and ensure that expectations and plans are coordinated and reconciled. Grant payments are subject to detailed progress and financial reports. If interim reports are unsatisfactory, investigation is commenced and/or future grant funding is suspended. On completion of each project the grantee is required to submit a final report.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1Part III Accounting Method:
IRS990ScheduleF/Total501c3OrgCnt015
IRS990ScheduleF/TotalEmployeeCnt02
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalOtherOrgCnt00
IRS990ScheduleF/TotalSpentAmt07713812
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Berma Trust SA
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1Yad Hanadiv CC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Nominates the council members of Fondation Berma
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1Common control
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt072619
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1100000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Administration services
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Grant administration
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0One of the council members of Fondation Berma is also an employee of Berma Trust S.A. (Resigned January 31, 2020)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Berma Trust S.A. appoints the council members of Fondation Berma.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization provides its Form 990 to the Foundation's Board Members for comments and review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization maintains its organizational records and makes them available for public review to the extent required by Swiss law.

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$304,517,387
Liabilities
$245,828
Net assets
$304,271,559
Revenue
$11,112,978
Expenses
$8,573,530
Net income
$2,539,448
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$304$0.35$304$2.98$10.3$7.34
2023Detailed filing. Detailed filing data is available for this year.$283$0.26$283$3.32$9.50$6.19
2022Detailed filing. Detailed filing data is available for this year.$267$0.27$266$7.24$10.5$3.30
2021Detailed filing. Detailed filing data is available for this year.$321$0.19$320$33.4$11.3$22.1
2020Detailed filing. Detailed filing data is available for this year.$305$0.25$304$11.1$8.57$2.54
2019Summary only. Only limited summary data is available for this year.$275$0.00$275$23.4$8.39$15.0
2018Summary only. Only limited summary data is available for this year.$267$1.35$265$15.7$10.1$5.57
2017Summary only. Only limited summary data is available for this year.$267$1.35$265$15.7$10.1$5.57
2016Summary only. Only limited summary data is available for this year.$232$2.33$229$30.9$11.0$19.9
2015Summary only. Only limited summary data is available for this year.$215$0.12$215$15.7$8.49$7.18
2014Summary only. Only limited summary data is available for this year.$222$0.18$222$2.03$7.92$9.95
2013Summary only. Only limited summary data is available for this year.$208$0.35$208$41.1$8.20$32.9
2012Summary only. Only limited summary data is available for this year.$199$1.09$198$0.20$9.76$9.57
2011Summary only. Only limited summary data is available for this year.$196$0.09$196$34.0$57.9$23.9
2010Summary only. Only limited summary data is available for this year.$282$8.17$274$2.57$11.1$8.55