Michael Berman Fam Foundation
Michael Berman Fam Foundation experiences volatile revenue and consistent deficit spending, maintaining minimal liabilities.
EIN: 133947917 · Scottsdale, AZ · NTEE: T70J · Updated: 2026-03-28
Is Michael Berman Fam Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Michael Berman Fam Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Michael Berman Fam Foundation
Michael Berman Fam Foundation (EIN: 133947917) is a nonprofit organization based in Scottsdale, AZ, classified under NTEE code T70J. The organization reported total revenue of $9K and total assets of $171K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michael Berman Fam Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Michael Berman Fam Foundation is a micro nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1K |
| Total Expenses | $11K |
| Surplus / Deficit | $-9,655 |
| Total Assets | $199K |
| Total Liabilities | $1 |
| Net Assets | $199K |
| Operating Margin | -720.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 217.1 months |
Financial Health Grade: B
In 2023, Michael Berman Fam Foundation reported a deficit of $10K with expenses exceeding revenue, holds 217.1 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), Michael Berman Fam Foundation's revenue has declined at a compound annual growth rate (CAGR) of -11.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +727.2% | -63.4% | +86.1% |
| 2022 | -99.9% | -77.3% | -21.9% |
| 2021 | +396.2% | +11.2% | +548.2% |
| 2020 | -44.7% | -48.4% | -76.6% |
| 2019 | -55.4% | +112.0% | -35.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Michael Berman Fam Foundation 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, Michael Berman Fam Foundation 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 $10K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries are paid to its executives, which is a positive sign for a small foundation.
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 Michael Berman Fam Foundation's IRS 990 filings:
- Consistent deficit spending (e.g., $10,995 expenses vs. $1,340 revenue in 2023)
- Highly volatile annual revenue, making financial planning unpredictable.
Strengths
The following positive indicators were identified for Michael Berman Fam Foundation:
- Zero officer compensation reported across all filings.
- Consistently low liabilities ($1 or $0), indicating strong financial control over debt.
- Significant asset base ($171,164 latest) for a small foundation, providing some financial stability.
Frequently Asked Questions about Michael Berman Fam Foundation
Is Michael Berman Fam Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Michael Berman Fam Foundation (EIN: 133947917) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Michael Berman Fam Foundation spend its money?
Michael Berman Fam Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Michael Berman Fam Foundation tax-deductible?
Michael Berman Fam Foundation is registered as a tax-exempt nonprofit (EIN: 133947917). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Michael Berman Fam Foundation a good charity?
As a private grantmaking foundation, its 'goodness' is primarily measured by its grantmaking impact, which is not detailed in the provided financial data. Financially, it demonstrates good stewardship by not paying officer compensation and maintaining minimal liabilities. However, its consistent deficit spending (e.g., $10,995 expenses vs. $1,340 revenue in 2023) suggests it relies heavily on its assets or irregular large contributions to sustain operations and grantmaking.
What is the trend in the foundation's assets?
The foundation's assets have fluctuated significantly. They peaked at $198,886 in 2023, but were as low as $21,102 in 2020. The latest reported assets are $171,164, indicating a generally upward trend from earlier years despite recent dips.
How does the foundation fund its operations given its revenue fluctuations?
Given the significant fluctuations in annual revenue (e.g., $248,191 in 2021 vs. $1,340 in 2023) and frequent deficit spending, the foundation likely relies on its accumulated assets (endowment) to cover expenses and grantmaking, or receives large, infrequent contributions not reflected in consistent annual revenue.
Filing History
IRS 990 filing history for Michael Berman Fam Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Michael Berman Fam Foundation's revenue has declined by 77.9%, moving from $6K to $1K. Total assets increased by 160.9% over the same period, from $76K to $199K. Total functional expenses fell by 68.9%, from $35K to $11K. In its most recent filing year (2023), Michael Berman Fam Foundation reported a deficit of $10K, with expenses exceeding revenue. The organization holds $1 in liabilities against $199K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $199K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1K | $11K | $199K | $1 | — | — |
| 2022 | $162 | $30K | $107K | $1 | — | View 990 |
| 2021 | $248K | $133K | $137K | $1 | — | — |
| 2020 | $50K | $119K | $21K | $1 | — | — |
| 2019 | $90K | $231K | $90K | $1 | — | View 990 |
| 2015 | $203K | $109K | $139K | $1 | — | View 990 |
| 2014 | $50K | $26K | $45K | $1 | — | View 990 |
| 2013 | $4 | $29K | $21K | $1 | — | View 990 |
| 2012 | $5 | $27K | $50K | $1 | — | View 990 |
| 2011 | $6K | $35K | $76K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1K, expenses of $11K, and assets of $199K (revenue +727.2% year-over-year).
- 2022: Revenue of $162, expenses of $30K, and assets of $107K (revenue -99.9% year-over-year).
- 2021: Revenue of $248K, expenses of $133K, and assets of $137K (revenue +396.2% year-over-year).
- 2020: Revenue of $50K, expenses of $119K, and assets of $21K (revenue -44.7% year-over-year).
- 2019: Revenue of $90K, expenses of $231K, and assets of $90K (revenue -55.4% year-over-year).
- 2015: Revenue of $203K, expenses of $109K, and assets of $139K (revenue +304.5% year-over-year).
- 2014: Revenue of $50K, expenses of $26K, and assets of $45K (revenue +1254250.0% year-over-year).
- 2013: Revenue of $4, expenses of $29K, and assets of $21K (revenue -20.0% year-over-year).
- 2012: Revenue of $5, expenses of $27K, and assets of $50K (revenue -99.9% year-over-year).
- 2011: Revenue of $6K, expenses of $35K, and assets of $76K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Michael Berman Fam Foundation:
Data Sources and Methodology
This transparency report for Michael Berman Fam Foundation 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.