BERGIN FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: BERGIN FOUNDATION INC (EIN 92-1231786)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-05-21
IRS object ID: 202441429349101109
Schema version: 2023v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Gain Loss Sale Other Assets Sch
Investments Other Schedule2

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-05-21T14:49:38-04:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	921231786	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE BERGIN FOUNDATION INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	BERG	BusinessNameControlTxt
Phone	7727813292	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	309 SE OSCEOLA ST	AddressLine1Txt
City	STUART	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	34994	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	DAVID DREYER	PersonNm
Person Title	DIRECTOR	PersonTitleTxt
Phone	7727813292	PhoneNum
Signature	2024-05-21	SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	DAVID	PersonFirstNm
Person Last	DREYER	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	false	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	SELF-PREPARED	PreparerPersonNm
SSN	XXX-XX-XXXX	SSN
Preparation	2024-05-21	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$9,511,363	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$48,268	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$48,268	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$75,163	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$75,163	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	-$572,068	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$51,987	GrossSalesPriceAmt
Total Rev And Expnss	-$448,637	TotalRevAndExpnssAmt
Total Net Invst Incm	$123,431	TotalNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss	$0	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$40,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$40,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$40,000	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$40,000	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$488,637	ExcessRevenueOverExpensesAmt
Net Investment Income	$123,431	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$10,000,000	CashBOYAmt
Cash EOY	$460,579	CashEOYAmt
Cash EOYFMV	$460,579	CashEOYFMVAmt
Other Investments EOY	$9,050,784	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$9,050,784	OtherInvestmentsEOYFMVAmt
Total Assets BOY	$10,000,000	TotalAssetsBOYAmt
Total Assets EOY	$9,511,363	TotalAssetsEOYAmt
Total Assets EOYFMV	$9,511,363	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$10,000,000	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$9,511,363	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$10,000,000	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$9,511,363	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$10,000,000	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$9,511,363	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$10,000,000	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$488,637	ExcessRevenueOverExpensesAmt
Subtotal	$9,511,363	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$9,511,363	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$1,716	InvestmentIncomeExciseTaxAmt
Subtotal	$1,716	SubtotalAmt
Tax Based On Investment Income	$1,716	TaxBasedOnInvestmentIncomeAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$98	EsPenaltyAmt
Tax Due	$1,814	TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	FL	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	MARTIN H BERGIN	IndividualWithBooksNm
Phone	7727813292	PhoneNum

Location Of Books Foreign Address LocationOfBooksForeignAddress

Field	Value	IRS element (for citing)
Address Line1	309 SE OSCEOLA STREET	AddressLine1Txt
Address Line2	SUITE 350	AddressLine2Txt
City	STUART	CityNm
Country	AF	CountryCd
Foreign Postal	34994	ForeignPostalCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1ForeignAddress/AddressLine1Txt	Address Line2ForeignAddress/AddressLine2Txt	CityForeignAddress/CityNm	CountryForeignAddress/CountryCd	Foreign PostalForeignAddress/ForeignPostalCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt	Address Line1USAddress/AddressLine1Txt	Address Line2USAddress/AddressLine2Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd
MARTIN H BERGIN
309 SE OSCEOLA STREET	SUITE 350	STUART	AF	34994	DIRECTOR	1.00	$0	$0	$0
DAVE KAUPPI
					DIRECTOR	0.50	$0	$0	$0	309 SE OSCEOLA STREET	STE 350	STUART	FL	34994
DAVID DREYER
					DIRECTOR	0.50	$0	$0	$0	309 SE OSCEOLA STREET	STE 350	STUART	FL	34994

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$2,546,519	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$7,688,850	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$10,235,369	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$10,235,369	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$153,531	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$10,081,838	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$504,092	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$504,092	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$1,716	TaxBasedOnInvestmentIncomeAmt
Total Tax	$1,716	TotalTaxAmt
Distributable Before Adj	$502,376	DistributableBeforeAdjAmt
Distributable Before Ded	$502,376	DistributableBeforeDedAmt
Distributable As Adjusted	$502,376	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$40,000	ExpensesAndContributionsAmt
Qualifying Distributions	$40,000	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$502,376	DistributableAsAdjustedAmt
Undistributed Income PY	$20,240	UndistributedIncomePYAmt
Qualifying Distributions	$40,000	QualifyingDistributionsAmt
Applied To Year1	$20,240	AppliedToYear1Amt
Applied To Current Year	$19,760	AppliedToCurrentYearAmt
Undistributed Income CY	$482,616	UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
THE KING'S ACADEMY
8401 BELVEDERE ROAD	WEST PALM BEACH	FL	33411	501(C)(3)	GENERAL PURPOSES	$20,000
REASON FOUNDATION
5737 MESMER AVE	LOS ANGELES	CA	90230	501(C)(3)	GENERAL PURPOSES	$20,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$40,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$48,268	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$75,163	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	-$572,068	RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$123,431	ExclusionAmt
Related Or Exempt Function Incm	-$572,068	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	-$448,637	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (4 entries)

AssetAssetDesc	How AcquiredHowAcquiredTxt	BasisBasisAmt	Total NetTotalNetAmt	Gross Sales PriceGrossSalesPriceAmt
D'BEST FUTURES FUND	PURCHASE	$435,074	-$435,074
DUNN WMA, LLC	PURCHASE	$183,886	-$183,886
SPECTRA	PURCHASE	$5,095	-$5,095
GRAND DUNES	PURCHASE		$51,987	$51,987

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (5 entries)

Category Or ItemCategoryOrItemTxt	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
D'BEST FUTURES FUND	$2,064,926	$2,064,926
DUNN WMA, LLC	$1,816,114	$1,816,114
SPECTRA	$4,516,809	$4,516,809
GRANDE DUNES NORTH	$552,935	$552,935
OLYMPUS BAN, LLC	$100,000	$100,000

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