Berman Charitable Trust

Rockville, MD
Tax-exempt since June 1986
EIN: 94-2940733

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$2.31M (2024)

Expenses

$641k (2024)

Total Assets

$29.9M (2024)

Total Liabilities

$9.71M (2024)

Years with missing data

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$2,309,349

Expenses

$640,779

Net Income

$1,668,570

Net Assets

$20,218,163

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$265,526	11.5%
Sales of Assets	-$179,378
Other Income	$1,864,556	80.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$411,000	64.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$29,928,104
Total Liabilities	$9,709,941
Net Assets	$20,218,163

Compensation

Key Employees and Officers	Compensation	Other
Dennis Berman (Trustee)	$0	$0
Vicki Berman (Trustee)	$0	$0
Stephen L Berman (Trustee)	$0	$0
Larry P Bormel (Trustee)	$0	$0

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990-PF

Filed on Nov. 13, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$675,423

Expenses

$785,075

Net Income

-$109,652

Net Assets

$18,550,645

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$199,832	29.6%
Sales of Assets	-$75,353
Other Income	$194,046	28.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$555,221	70.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$30,161,723
Total Liabilities	$11,611,078
Net Assets	$18,550,645

Compensation

Key Employees and Officers	Compensation	Other
Dennis Berman (Trustee)	$0	$0
Vicki Berman (Trustee)	$0	$0
Stephen L Berman (Trustee)	$0	$0
Larry P Bormel (Trustee)	$0	$0

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990-PF

Filed on Nov. 14, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$1,492,816

Expenses

$919,524

Net Income

$573,292

Net Assets

$18,661,547

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$161,260	10.8%
Sales of Assets	$45,311	3.0%
Other Income	$902,257	60.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$616,000	67.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$30,636,625
Total Liabilities	$11,975,078
Net Assets	$18,661,547

Compensation

Key Employees and Officers	Compensation	Other
Dennis Berman (Trustee)	$0	$0
Vicki Berman (Trustee)	$0	$0
Stephen L Berman (Trustee)	$0	$0
Larry P Bormel (Trustee)	$0	$0

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990-PF

Filed on Nov. 13, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$2,296,522

Expenses

$841,841

Net Income

$1,454,681

Net Assets

$18,104,480

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$147,730	6.4%
Sales of Assets	$542,408	23.6%
Other Income	$1,245,132	54.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$616,000	73.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$29,928,544
Total Liabilities	$11,824,064
Net Assets	$18,104,480

Compensation

Key Employees and Officers	Compensation	Other
Dennis Berman (Trustee)	$0	$0
Vicki Berman (Trustee)	$0	$0
Stephen L Berman (Trustee)	$0	$0
Larry P Bormel (Trustee)	$0	$0

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990-PF

Filed on Nov. 10, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$1,080,739

Expenses

$936,298

Net Income

$144,441

Net Assets

$16,649,799

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$97,325	9.0%
Interest Revenue	$0
Dividends	$345,725	32.0%
Sales of Assets	$355,202	32.9%
Other Income	$128,957	11.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$716,000	76.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$30,182,453
Total Liabilities	$13,532,654
Net Assets	$16,649,799

Compensation

Key Employees and Officers	Compensation	Other
Dennis Berman (Trustee)	$0	$0
Vicki Berman (Trustee)	$0	$0
Stephen L Berman (Trustee)	$0	$0
Larry P Bormel (Trustee)	$0	$0

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990-PF

Filed on Nov. 11, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$7,423,207

Expenses

$892,712

Net Income

$6,530,495

Net Assets

$16,535,597

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$102,867	1.4%
Interest Revenue	$0
Dividends	$315,864	4.3%
Sales of Assets	$33,418	0.5%
Other Income	$6,971,058	93.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$715,867	80.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$29,850,393
Total Liabilities	$13,314,796
Net Assets	$16,535,597

Compensation

Key Employees and Officers	Compensation	Other
Dennis Berman (Trustee)	$0	$0
Vicki Berman (Trustee)	$0	$0
Stephen L Berman (Trustee)	$0	$0
Larry P Bormel (Trustee)	$0	$0

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990-PF

Filed on Sept. 15, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2018

Revenue

$708,521

Expenses

$799,061

Net Income

-$90,540

Net Assets

$10,627,595

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$116,000	16.4%
Interest Revenue	$0
Dividends	$317,661	44.8%
Sales of Assets	$100,169	14.1%
Other Income	$174,691	24.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$730,995	91.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,131,444
Total Liabilities	$503,849
Net Assets	$10,627,595

Compensation

Key Employees and Officers	Compensation	Other
Dennis Berman (Trustee)	$0	$0
Vicki Berman (Trustee)	$0	$0
Stephen L Berman (Trustee)	$0	$0
Larry P Bormel (Trustee)	$0	$0

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990-PF

Filed on Nov. 4, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$1,149,538

Expenses

$1,247,353

Net Income

-$97,815

Net Assets

$11,527,877

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$525,000	45.7%
Interest Revenue	$0
Dividends	$291,299	25.3%
Sales of Assets	$41,685	3.6%
Other Income	$291,554	25.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,124,046	90.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,901,690
Total Liabilities	$373,813
Net Assets	$11,527,877

Compensation

Key Employees and Officers	Compensation	Other
Dennis Berman (Trustee)	$0	$0
Vicki Berman (Trustee)	$0	$0
Elyse Vinitsky (Trustee)	$0	$0
Stephen L Berman (Trustee)	$0	$0

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990-PF

Filed on Nov. 14, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$4,014,564

Expenses

$1,371,578

Net Income

$2,642,986

Net Assets

$11,517,536

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$520,000	13.0%
Interest Revenue	$0
Dividends	$299,098	7.5%
Sales of Assets	$656,603	16.4%
Other Income	$2,538,863	63.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,330,832	97.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,908,312
Total Liabilities	$390,776
Net Assets	$11,517,536

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$444,480

Expenses

$1,946,927

Net Income

-$1,502,447

Net Assets

$8,129,228

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$657,929	> 100%
Interest Revenue	$0
Dividends	$291,213	65.5%
Sales of Assets	$3,809	0.9%
Other Income	-$508,471

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,914,786	98.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,771,211
Total Liabilities	$641,983
Net Assets	$8,129,228

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$719,789

Expenses

$1,281,947

Net Income

-$562,158

Net Assets

$10,484,837

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,190,721	> 100%
Interest Revenue	$0
Dividends	$303,867	42.2%
Sales of Assets	$16,626	2.3%
Other Income	-$791,425

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,251,734	97.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,490,179
Total Liabilities	$5,342
Net Assets	$10,484,837

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

-$790,328

Expenses

$1,042,962

Net Income

-$1,833,290

Net Assets

$11,253,528

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000
Interest Revenue	$0
Dividends	$326,375
Sales of Assets	$0
Other Income	-$147,307

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,018,400	97.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,862,121
Total Liabilities	$608,593
Net Assets	$11,253,528

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$126,983

Expenses

$513,991

Net Income

-$387,008

Net Assets

$11,946,704

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$423,705	> 100%
Interest Revenue	$0
Dividends	$288,172	> 100%
Sales of Assets	$0
Other Income	-$508,882

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$459,510	89.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,407,284
Total Liabilities	$460,580
Net Assets	$11,946,704

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Berman Charitable Trust

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $2.31M (2024)

Expenses $641k (2024)

Total Assets $29.9M (2024)

Total Liabilities $9.71M (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

Revenue

$2.31M (2024)

Expenses

$641k (2024)

Total Assets

$29.9M (2024)

Total Liabilities

$9.71M (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001