Berkley Family Foundation Inc
Berkley Family Foundation experiences fluctuating revenues and significant asset reduction over the past decade.
EIN: 202659766 · Miami, FL · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $3.0M |
| Program Spending | 80% |
| Net Assets | $3.0M |
| Transparency Score | 70/100 |
Is Berkley Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Berkley Family Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Berkley Family Foundation Inc
Berkley Family Foundation Inc (EIN: 202659766) is a nonprofit organization based in Miami, FL, classified under NTEE code T20. The organization reported total revenue of $1.7M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Berkley Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Berkley Family Foundation Inc is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 38.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $3.0M |
| Surplus / Deficit | $-413,638 |
| Total Assets | $3.0M |
| Total Liabilities | $1 |
| Net Assets | $3.0M |
| Operating Margin | -15.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 12.0 months |
Financial Health Grade: B
In 2023, Berkley Family Foundation Inc reported a deficit of $414K with expenses exceeding revenue, holds 12.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Berkley Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 38.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.1% | -46.1% | -12.5% |
| 2022 | -59.4% | +107.6% | -46.9% |
| 2021 | +258.7% | +193.4% | +123.3% |
| 2020 | -31.0% | -72.9% | +40.1% |
| 2019 | +321.3% | +219.3% | -87.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Berkley Family Foundation Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Berkley Family Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $414K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all filings, indicating that executive leadership is either volunteer-based or compensated through non-officer channels, which is a positive sign for minimizing overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Berkley Family Foundation Inc's IRS 990 filings:
- Significant decline in assets from $17.4M in 2014 to $3.0M in 2023 without clear explanation in summary data.
- Expenses frequently exceeding revenue in recent years (e.g., 2022, 2023), indicating reliance on reserves or other funding sources.
Strengths
The following positive indicators were identified for Berkley Family Foundation Inc:
- Consistent filing of IRS Form 990s, demonstrating transparency.
- Zero reported officer compensation across all filings, suggesting efficient executive overhead.
- Minimal liabilities ($1) consistently reported, indicating strong financial solvency regarding debt.
Frequently Asked Questions about Berkley Family Foundation Inc
Is Berkley Family Foundation Inc a legitimate charity?
Berkley Family Foundation Inc (EIN: 202659766) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.7M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Berkley Family Foundation Inc spend its money?
Berkley Family Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Berkley Family Foundation Inc tax-deductible?
Berkley Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202659766). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Berkley Family Foundation Inc's spending goes to programs?
Berkley Family Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Berkley Family Foundation Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Berkley Family Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Berkley Family Foundation Inc located?
Berkley Family Foundation Inc is headquartered in Miami, Florida and files with the IRS under EIN 202659766. It is classified under NTEE code T20.
How many years of IRS 990 filings does Berkley Family Foundation Inc have?
Berkley Family Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.7M in total revenue.
Why have the organization's assets decreased from over $17 million in 2014 to $3 million in 2023?
The provided data shows a substantial decline in assets from a peak of $17,457,969 in 2014 to $3,023,250 in 2023. This could be due to significant program spending, investment losses, or a strategic decision to disburse a large portion of its endowment. Further investigation into the organization's financial statements would be needed to determine the exact cause.
How does the Berkley Family Foundation Inc. cover expenses when they exceed revenue, as seen in 2022 and 2023?
In periods where expenses exceed revenue (e.g., $5.6M expenses vs. $2.5M revenue in 2022; $3.0M expenses vs. $2.6M revenue in 2023), the organization likely draws upon its accumulated assets or prior year surpluses to cover the deficit. This is a common practice for foundations that make grants or investments that may not align perfectly with annual revenue cycles.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of program, administrative, and fundraising expenses. To understand the organization's spending efficiency in these areas, one would need to review the full IRS Form 990 filings, specifically Part IX, Statement of Functional Expenses.
Filing History
IRS 990 filing history for Berkley Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Berkley Family Foundation Inc's revenue has grown by 4858.5%, moving from $53K to $2.6M. Total assets decreased by 82.6% over the same period, from $17.4M to $3.0M. Total functional expenses rose by 3989.5%, from $74K to $3.0M. In its most recent filing year (2023), Berkley Family Foundation Inc reported a deficit of $414K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $3.0M | $3.0M | $1 | — | — |
| 2022 | $2.6M | $5.6M | $3.5M | $1 | — | View 990 |
| 2021 | $6.3M | $2.7M | $6.5M | $1 | — | View 990 |
| 2020 | $1.8M | $922K | $2.9M | $1 | — | — |
| 2019 | $2.5M | $3.4M | $2.1M | $1 | — | — |
| 2015 | $604K | $1.1M | $17.0M | $1 | — | View 990 |
| 2014 | $682K | $624K | $17.5M | $1 | — | View 990 |
| 2013 | $1.0M | $1.0M | $17.4M | $1 | — | View 990 |
| 2012 | $450K | $446K | $17.4M | $1 | — | View 990 |
| 2011 | $53K | $74K | $17.4M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $3.0M, and assets of $3.0M (revenue +2.1% year-over-year).
- 2022: Revenue of $2.6M, expenses of $5.6M, and assets of $3.5M (revenue -59.4% year-over-year).
- 2021: Revenue of $6.3M, expenses of $2.7M, and assets of $6.5M (revenue +258.7% year-over-year).
- 2020: Revenue of $1.8M, expenses of $922K, and assets of $2.9M (revenue -31.0% year-over-year).
- 2019: Revenue of $2.5M, expenses of $3.4M, and assets of $2.1M (revenue +321.3% year-over-year).
- 2015: Revenue of $604K, expenses of $1.1M, and assets of $17.0M (revenue -11.4% year-over-year).
- 2014: Revenue of $682K, expenses of $624K, and assets of $17.5M (revenue -32.1% year-over-year).
- 2013: Revenue of $1.0M, expenses of $1.0M, and assets of $17.4M (revenue +123.1% year-over-year).
- 2012: Revenue of $450K, expenses of $446K, and assets of $17.4M (revenue +754.6% year-over-year).
- 2011: Revenue of $53K, expenses of $74K, and assets of $17.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Berkley Family Foundation Inc:
Data Sources and Methodology
This transparency report for Berkley Family Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.