BERKSHIRE BANK FOUNDATION INC: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- BERKSHIRE BANK FOUNDATION INC (EIN 04-3365869)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-05-16
- IRS object ID
- 202221369349102067
- Schema version
- 2021v4.0
- 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
- Accounting Fees Schedule
- Investments Other Schedule2
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-16T07:39:07-07:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 042511474 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Lombardi Clairmont & Keegan CPAs | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 35 Pearl Street | AddressLine1Txt |
| City | Pittsfield | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01201 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043365869 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BERKSHIRE BANK FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BERK | BusinessNameControlTxt |
| Phone | 4132363733 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1308 | AddressLine1Txt |
| City | PITTSFIELD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01202 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LORI GAZZILKIELY | PersonNm |
| Person Title | Secretary | PersonTitleTxt |
| Signature | 2022-05-16 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | LORI | PersonFirstNm |
| Person Last | GAZZILKIELY | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | BARRY J CLAIRMONT | PreparerPersonNm |
| PTIN | P01259587 | PTIN |
| Phone | 4134993733 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $28,838,296 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $544,210 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $544,210 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,789,333 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $10,184,593 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,789,333 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $3,333,543 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,333,543 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $222,418 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $222,418 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $12,875 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Chrtbl Prps | $12,875 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $165,170 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $140,596 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $24,574 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $48,344 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,688 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $173,379 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $173,379 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $622,186 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $142,284 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $433,246 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,699,522 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,878,138 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,321,708 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $142,284 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,311,384 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $11,835 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,191,259 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $695,619 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,547,334 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,547,334 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $5,531 | PrepaidExpensesBOYAmt |
| Other Investments BOY | $21,154,677 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $20,274,185 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $27,208,004 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $90,265 | OtherAssetsBOYAmt |
| Other Assets EOY | $82,958 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $82,958 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $21,946,092 | TotalAssetsBOYAmt |
| Total Assets EOY | $21,904,477 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $28,838,296 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $25,765 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $25,562 | AccountsPayableEOYAmt |
| Grants Payable BOY | $514,278 | GrantsPayableBOYAmt |
| Grants Payable EOY | $422,825 | GrantsPayableEOYAmt |
| Other Liabilities EOY | $38,207 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $540,043 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $486,594 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $21,406,049 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $21,417,883 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $21,406,049 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $21,417,883 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $21,946,092 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $21,904,477 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $21,406,049 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $11,835 | ExcessRevenueOverExpensesAmt |
| Subtotal | $21,417,884 | SubtotalAmt |
| Other Decreases | $1 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $21,417,883 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (106 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| p Alphabet Inc | P | 2017-01-01 | 2021-01-01 | $26,340 | $10,932 | $15,408 | $15,408 |
| 695 Boston Scientific Corp | P | 2017-01-01 | 2021-01-01 | $25,427 | $23,099 | $2,328 | $2,328 |
| 25 Cooper COS Inc | P | 2017-01-01 | 2021-01-01 | $10,991 | $7,334 | $3,657 | $3,657 |
| 144 FMC Corp | P | 2017-01-01 | 2021-01-01 | $14,997 | $8,980 | $6,017 | $6,017 |
| 111 Fortive Corp | P | 2017-01-01 | 2021-01-01 | $8,657 | $5,678 | $2,979 | $2,979 |
| 291 Intel Corp | P | 2017-01-01 | 2021-01-01 | $16,693 | $15,885 | $808 | $808 |
| 242 McCormick & Co Inc (Split 12/1) | P | 2017-01-01 | 2021-01-01 | $21,365 | $10,472 | $10,893 | $10,893 |
| 390 Novartis AG Sponsored ADR | P | 2017-01-01 | 2021-01-01 | $31,527 | $30,639 | $888 | $888 |
| 65.9 Organon & co Common Stock | P | 2017-01-01 | 2021-01-01 | $2,036 | $2,174 | -$138 | -$138 |
| 50 Paypal Holdings | P | 2017-01-01 | 2021-01-01 | $12,918 | $5,331 | $7,587 | $7,587 |
| 795 Pfizer Inc | P | 2017-01-01 | 2021-01-01 | $47,823 | $25,078 | $22,745 | $22,745 |
| 122 Salesforce Com | P | 2017-01-01 | 2021-01-01 | $27,818 | $23,162 | $4,656 | $4,656 |
| 964 Unilever PLC Sponsored ADR | P | 2017-01-01 | 2021-01-01 | $52,131 | $45,477 | $6,654 | $6,654 |
| 36 Ulta Beauty, Inc. | P | 2017-01-01 | 2021-01-01 | $13,323 | $9,084 | $4,239 | $4,239 |
| 98 Viatris Inc | P | 2017-01-01 | 2021-01-01 | $1,796 | $1,373 | $423 | $423 |
| 173 Xilinx inc. | P | 2017-01-01 | 2021-01-01 | $22,649 | $16,161 | $6,488 | $6,488 |
| 5230.125 Baron Emerging Markets Fund | P | 2017-01-01 | 2021-01-01 | $100,000 | $65,403 | $34,597 | $34,597 |
| 16260.267 Johcm International Select Fund | P | 2017-01-01 | 2021-01-01 | $525,953 | $348,173 | $177,780 | $177,780 |
| 480 Ishares Russell Midcap Growth (Split 12/7/20) | P | 2017-01-01 | 2021-01-01 | $52,590 | $33,462 | $19,128 | $19,128 |
| 200 SPDR S&P 500 ETF Trust | P | 2017-01-01 | 2021-01-01 | $81,871 | $64,638 | $17,233 | $17,233 |
| 80000 Disney Walt Co 2.75% | P | 2017-01-01 | 2021-01-01 | $81,554 | $80,000 | $1,554 | $1,554 |
| 105000 Intel 3.3% | P | 2017-01-01 | 2021-01-01 | $105,000 | $105,000 | ||
| 255000 Smucker J M Co 3.5% | P | 2017-01-01 | 2021-01-01 | $255,000 | $255,000 | ||
| 13578.163 Federated Hermes Ultrashort Bond | P | 2017-01-01 | 2021-01-01 | $125,191 | $125,000 | $191 | $191 |
| 15 Alphabet Inc CAP Stk Cl A | P | 2017-01-01 | 2021-01-01 | $38,076 | $14,170 | $23,906 | $23,906 |
| 482 Boston Scientific Corp | P | 2017-01-01 | 2021-01-01 | $17,634 | $14,152 | $3,482 | $3,482 |
| 24 Cooper Cos Inc | P | 2017-01-01 | 2021-01-01 | $10,410 | $6,002 | $4,408 | $4,408 |
| 108 FMC Corp | P | 2017-01-01 | 2021-01-01 | $11,248 | $5,656 | $5,592 | $5,592 |
| 98 Fortive Corp | P | 2017-01-01 | 2021-01-01 | $7,643 | $4,709 | $2,934 | $2,934 |
| 373 Intel | P | 2017-01-01 | 2021-01-01 | $21,397 | $19,756 | $1,641 | $1,641 |
| 4523.522 John Hancock Bond Fund Class | P | 2017-01-01 | 2021-01-01 | $73,643 | $75,000 | -$1,357 | -$1,357 |
| 174 McCormick & Co Inc (2 for 1 split) | P | 2017-01-01 | 2021-01-01 | $15,362 | $6,586 | $8,776 | $8,776 |
| 310 Novartis AG Sponsored ADR | P | 2017-01-01 | 2021-01-01 | $25,060 | $14,937 | $10,123 | $10,123 |
| 47.7 Organon & Co Common Stock | P | 2017-01-01 | 2021-01-01 | $1,474 | $1,386 | $88 | $88 |
| 42 Ulta Beauty Inc | P | 2017-01-01 | 2021-01-01 | $15,544 | $10,523 | $5,021 | $5,021 |
| 648 Unilever PLC Sponsored ADR | P | 2017-01-01 | 2021-01-01 | $34,255 | $30,570 | $3,685 | $3,685 |
| 70 Viatris Inc Com | P | 2017-01-01 | 2021-01-01 | $1,283 | $626 | $657 | $657 |
| 173 Xilinx Inc | P | 2017-01-01 | 2021-01-01 | $22,649 | $15,193 | $7,456 | $7,456 |
| 9826.565 Johcm International Select Fund | P | 2017-01-01 | 2021-01-01 | $314,205 | $193,933 | $120,272 | $120,272 |
| 2615.063 Baron Emerging Markets Fund | P | 2017-01-01 | 2021-01-01 | $50,000 | $34,558 | $15,442 | $15,442 |
| 500 Ishares Russell Midcap Growth (2 for 1 split) | P | 2017-01-01 | 2021-01-01 | $52,907 | $28,226 | $24,681 | $24,681 |
| 2564 SPDR S&P 500 ETF Trust | P | 2017-01-01 | 2021-01-01 | $1,152,732 | $630,329 | $522,403 | $522,403 |
| 13546.798 Eaton Vance Short Dur. Govt Income Fund | P | 2017-01-01 | 2021-01-01 | $107,697 | $110,000 | -$2,303 | -$2,303 |
| 2979.738 John Hancock Bond Fund Class I #431 | P | 2017-01-01 | 2021-01-01 | $48,510 | $50,000 | -$1,490 | -$1,490 |
| 2500 iShares Trust 5-10 Year Invest Grade Corp | P | 2017-01-01 | 2021-01-01 | $148,512 | $148,513 | -$1 | -$1 |
| 1800 JPMorgan Exchange Traded Ultra Short Inc | P | 2017-01-01 | 2021-01-01 | $91,278 | $91,467 | -$189 | -$189 |
| 2000 JPMorgan Exchange Traded Ulta Short Bond | P | 2017-01-01 | 2021-01-01 | $101,392 | $101,640 | -$248 | -$248 |
| 35 Accenture PLC Class A | P | 2017-01-01 | 2021-01-01 | $9,000 | $6,783 | $2,217 | $2,217 |
| 20 Alphabet Inc | P | 2017-01-01 | 2021-01-01 | $52,680 | $21,864 | $30,816 | $30,816 |
| 250 Apple Inc (4 for 1 split) | P | 2017-01-01 | 2021-01-01 | $33,776 | $16,951 | $16,825 | $16,825 |
| 5 Blackrock Inc. | P | 2017-01-01 | 2021-01-01 | $3,617 | $1,992 | $1,625 | $1,625 |
| 1360 Boston Scientific Corp | P | 2017-01-01 | 2021-01-01 | $49,756 | $45,165 | $4,591 | $4,591 |
| 30 Chubb Corp | P | 2017-01-01 | 2021-01-01 | $4,920 | $3,331 | $1,589 | $1,589 |
| 44 Cooper Cos Inc | P | 2017-01-01 | 2021-01-01 | $20,468 | $12,751 | $7,717 | $7,717 |
| 280 FMC Corp | P | 2017-01-01 | 2021-01-01 | $29,162 | $15,365 | $13,797 | $13,797 |
| 344 Fortive Corp | P | 2017-01-01 | 2021-01-01 | $26,827 | $12,688 | $14,139 | $14,139 |
| 100 Home Depot Inc | P | 2017-01-01 | 2021-01-01 | $38,929 | $17,244 | $21,685 | $21,685 |
| 40 Honeywell International | P | 2017-01-01 | 2021-01-01 | $8,131 | $6,062 | $2,069 | $2,069 |
| 630 Intel Corp | P | 2017-01-01 | 2021-01-01 | $36,140 | $35,235 | $905 | $905 |
| 200 Kimberly Clark Corp Com | P | 2017-01-01 | 2021-01-01 | $26,425 | $23,454 | $2,971 | $2,971 |
| 442 McCormick & Co Inc (2 for 1 split) | P | 2017-01-01 | 2021-01-01 | $37,969 | $16,729 | $21,240 | $21,240 |
| 50 Microsoft Corp | P | 2017-01-01 | 2021-01-01 | $12,215 | $9,955 | $2,260 | $2,260 |
| 762 Novartis AG Sponsored ADR | P | 2017-01-01 | 2021-01-01 | $65,741 | $56,545 | $9,196 | $9,196 |
| 127.8 Organon & Co Common Stock | P | 2017-01-01 | 2021-01-01 | $3,948 | $4,174 | -$226 | -$226 |
| 80 Paypal Holdings Inc | P | 2017-01-01 | 2021-01-01 | $20,669 | $8,612 | $12,057 | $12,057 |
| 1603 Pfizer Inc | P | 2017-01-01 | 2021-01-01 | $81,512 | $45,954 | $35,558 | $35,558 |
| 290 Salesforce Com Inc | P | 2017-01-01 | 2021-01-01 | $64,925 | $54,641 | $10,284 | $10,284 |
| 30 T Mobile US Inc | P | 2017-01-01 | 2021-01-01 | $3,711 | $1,979 | $1,732 | $1,732 |
| 100 TJX Cos Inc | P | 2017-01-01 | 2021-01-01 | $6,791 | $6,085 | $706 | $706 |
| 111 Ulta Beauty, Inc | P | 2017-01-01 | 2021-01-01 | $44,640 | $27,585 | $17,055 | $17,055 |
| 1876 Unilever PLC Spon. ADR | P | 2017-01-01 | 2021-01-01 | $103,218 | $88,502 | $14,716 | $14,716 |
| 198 Viatris Inc Com | P | 2017-01-01 | 2021-01-01 | $3,629 | $2,518 | $1,111 | $1,111 |
| 30 Walmart | P | 2017-01-01 | 2021-01-01 | $4,331 | $3,857 | $474 | $474 |
| 311 Xilinx Inc | P | 2017-01-01 | 2021-01-01 | $38,650 | $28,921 | $9,729 | $9,729 |
| 9288.98 Baron Emerging Markets Fund | P | 2017-01-01 | 2021-01-01 | $180,000 | $116,161 | $63,839 | $63,839 |
| 29353.939 Johcm International Select Fund | P | 2017-01-01 | 2021-01-01 | $936,838 | $580,194 | $356,644 | $356,644 |
| 4730.369 MFS New Discovery Value Fund | P | 2017-01-01 | 2021-01-01 | $100,000 | $73,510 | $26,490 | $26,490 |
| 1900 Ishares Russell Mid -Cap Growth ETF | P | 2017-01-01 | 2021-01-01 | $203,508 | $70,929 | $132,579 | $132,579 |
| 3200 SPDR S&P 500 ETF Trust | P | 2017-01-01 | 2021-01-01 | $1,303,090 | $885,872 | $417,218 | $417,218 |
| 80000 Berkshire Hills Bancorp | P | 2017-01-01 | 2021-01-01 | $2,290,409 | $1,855,778 | $434,631 | $434,631 |
| 50000 PNC BK NA Pittsburgh 2.55% Due 12/9/21 C | P | 2017-01-01 | 2021-01-01 | $50,000 | $50,000 | ||
| 100000 Intel Corp 3.3% | P | 2017-01-01 | 2021-01-01 | $100,000 | $100,000 | ||
| 150000 Smucker J M Co 3.5% | P | 2017-01-01 | 2021-01-01 | $150,000 | $150,000 | ||
| US Treasury Note 2.25% DTD 11/15/2015 | P | 2017-01-01 | 2021-01-01 | $1,078 | $1,078 | ||
| US Treasury Note 2.50% DTD 5/15/2014 | P | 2017-01-01 | 2021-01-01 | $1,878 | $1,878 | ||
| Disney Walt Co 2.75% | P | 2017-01-01 | 2021-01-01 | $317 | $317 | ||
| Intel 3.3% | P | 2017-01-01 | 2021-01-01 | $690 | $690 | ||
| Nike 2.25% | P | 2017-01-01 | 2021-01-01 | $8 | $8 | ||
| Proctor & Gamble Co Sr NT 1.95% | P | 2017-01-01 | 2021-01-01 | $12 | $12 | ||
| Smucker J M Co 3.5% | P | 2017-01-01 | 2021-01-01 | $925 | $925 | ||
| Disney Wal Co Sr Glbl 2.2% due 01.13.2028 | P | 2017-01-01 | 2021-01-01 | $27 | $27 | ||
| Proctor & Gamble Co SR Nt 1.95% due 04.23.2031 | P | 2017-01-01 | 2021-01-01 | $6 | $6 | ||
| PNC BK NA Pittsburgh 2.55% Due 12/9/21 C | P | 2017-01-01 | 2021-01-01 | $76 | $76 | ||
| Burlington Northern Santa Fe 3.05% | P | 2017-01-01 | 2021-01-01 | $247 | $247 | ||
| CME Group 3% | P | 2017-01-01 | 2021-01-01 | $338 | $338 | ||
| Disney Walt Co SR GLBL | P | 2017-01-01 | 2021-01-01 | $53 | $53 | ||
| Intel Corp 3.3% | P | 2017-01-01 | 2021-01-01 | $657 | $657 | ||
| Nike Inc. 2.25% | P | 2017-01-01 | 2021-01-01 | $4 | $4 | ||
| PNC Bk N A Pittsburgh PA | P | 2017-01-01 | 2021-01-01 | $177 | $177 | ||
| Smucker J M Co 3.5% | P | 2017-01-01 | 2021-01-01 | $548 | $548 | ||
| US Treasury Note 2.25% | P | 2017-01-01 | 2021-01-01 | $1,231 | $1,231 | ||
| US Treasury Note 2.875% | P | 2017-01-01 | 2021-01-01 | $2,550 | $2,550 | ||
| US Treasury Note 2.25% | P | 2017-01-01 | 2021-01-01 | $874 | $874 | ||
| Crown Castle Intl Corp | P | 2017-01-01 | 2021-01-01 | $193 | $193 | ||
| Crown Castle Intl Corp | P | 2017-01-01 | 2021-01-01 | $152 | $152 | ||
| Crown Castle Intl Corp | P | 2017-01-01 | 2021-01-01 | $366 | $366 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,789,333 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $44,359 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $44,359 | SubtotalAmt |
| Tax Based On Investment Income | $44,359 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $8,200 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $8,200 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $655 | EsPenaltyAmt |
| Tax Due | $36,814 | TaxDueAmt |
| Applied To ES Tax | $0 | AppliedToESTaxAmt |
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 | DE | OrgReportOrRegisterStateCd |
| Org Report Or Register State | MA | 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 | BERKSHIREBANK.COM | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LORI KIELY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4132363733 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1308 | AddressLine1Txt |
| City | PITTSFIELD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01202 | ZIPCd |
| 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 |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| 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 (11 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| DONNA EVAN | ||||||
| 24 NORTH STREET | PITTSFIELD | MA | 01201 | Trustee | 0.00 | $0 |
| MICHAEL KING | ||||||
| 24 NORTH STREET | PITTSFIELD | MA | 01201 | Treasurer | 0.00 | $0 |
| LORELEI KIELY | ||||||
| 24 NORTH STREET | PITTSFIELD | MA | 01201 | Secretary | 40.00 | $222,418 |
| J WILLIAR DUNLAEVY | ||||||
| 24 NORTH STREET | PITTSFIELD | MA | 01201 | Trustee | 0.00 | $0 |
| BAYE ADOFO-WILSON | ||||||
| 24 NORTH STREET | PITTSFIELD | MA | 01201 | Trustee | 0.00 | $0 |
| JACQUELINE COURTWRIGHT | ||||||
| 24 NORTH STREET | PITTSFIELD | MA | 01201 | Trustee | 0.00 | $0 |
| SEAN A GRAY | ||||||
| 24 NORTH STREET | PITTSFIELD | MA | 01201 | Chairman | 0.00 | $0 |
| D JEFFREY TEMPLETON | ||||||
| 24 NORTH STREET | PITTSFIELD | MA | 01201 | Trustee | 0.00 | $0 |
| ROBERT M CURLEY | ||||||
| 24 NORTH STREET | PITTSFIELD | MA | 01201 | Trustee | 0.00 | $0 |
| ANGELA DIXON | ||||||
| 24 NORTH STREET | PITTSFIELD | MA | 01201 | Trustee | 0.00 | $0 |
| THOMAS R BARNEY | ||||||
| 24 NORTH STREET | PITTSFIELD | MA | 01201 | VICE-CHAIR | 0.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BERKSHIRE BANK INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1308 | AddressLine1Txt |
| City | PITTSFIELD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | CUSTODIAL / ADVISOR | ServiceTypeTxt |
| Compensation | $442,557 | CompensationAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $26,822,181 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,698,522 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $37,193 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $28,557,896 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $28,557,896 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $428,368 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $28,129,528 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,406,476 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,406,476 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $44,359 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $44,359 | TotalTaxAmt |
| Distributable Before Adj | $1,362,117 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,362,117 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,362,117 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,311,384 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $3,311,384 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,362,117 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $1,021,934 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $1,001,010 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $1,451,810 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $2,109,802 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $3,183,676 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $8,768,232 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $3,311,384 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,362,117 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,949,267 | RemainingDistriFromCorpusAmt |
| Total Corpus | $10,717,499 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $1,021,934 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $9,695,565 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,001,010 | ExcessFromYear4Amt |
| Excess From Year3 | $1,451,810 | ExcessFromYear3Amt |
| Excess From Year2 | $2,109,802 | ExcessFromYear2Amt |
| Excess From Year1 | $3,183,676 | ExcessFromYear1Amt |
| Excess From Current Year | $1,949,267 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | LORI KIELY EXECUTIVE DIRECTOR | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 24 NORTH STREET PO BOX 1308 | AddressLine1Txt |
| City | PITTSFIELD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 4134471722 | RecipientPhoneNum |
| Recipient Email Address | LKIELY@BERKSHIREBANK.COM | RecipientEmailAddressTxt |
| Form And Info And Materials | WRITTEN APPLICATION INCLUDING IRS DETERMINATION LETTER OF 501(C)(3) STATUS, CURRENT BOARD LIST, BOARD APPROVED OPERATING BUDGET AND MOST RECENT ANNUAL REPORT, FORM 990 AND FINANCIAL AUDIT REPORT. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | 15TH OF DECEMBER, MARCH, JUNE AND SEPTEMBER. | SubmissionDeadlinesTxt |
| Restrictions On Awards | ONLY TAX EXEMPT ORGANIZATION THAT QUALIFY AS A SECTION 501(C)(3) PUBLIC CHARITY. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | SEE ATTACHED LISTING | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | VARIOUS | AddressLine1Txt |
| City | PITTSFIELD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01201 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Recipient Foundation Status | N/A | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | SEE ATTACHED LISTING | GrantOrContributionPurposeTxt |
| Amt | $2,878,138 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,878,138 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | SEE ATTACHED LISTING | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | VARIOUS | AddressLine1Txt |
| City | PITTSFIELD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01201 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Recipient Foundation Status | N/A | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | SEE ATTACHED LISTING | GrantOrContributionPurposeTxt |
| Amt | $422,825 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $422,825 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $544,210 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,789,333 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $3,333,543 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $3,333,543 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Audit | CategoryTxt |
| Amt | $12,875 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $12,875 | DisbursementsCharitablePrpsAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | INVESTMENTS IN MARKETABLE SECURITIES | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $20,274,185 | BookValueAmt |
| EOYFMV | $27,208,004 | EOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (4 entries)
| DescDesc | EOYFMVEOYFMVAmt | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|---|
| accrued income | $45,765 | ||
| Accrued income | $53,072 | $45,765 | |
| Collection - Popcorn Wagon | $37,193 | $37,193 | |
| COLLECTION - POPCORN WAGON | $37,193 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ROUNDING | Desc |
| Amt | $1 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| Filing fees | $250 | $250 |
| Management fees | $79,543 | $79,543 |
| Marketing | $2,700 | $2,700 |
| Membership fees | $550 | $550 |
| Office expense | $5,746 | $5,746 |
| Special projects expense | $81,531 | $81,531 |
| Travel | $3,059 | $3,059 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FEDERAL INCOME TAX PAYABLE | Desc |
| EOY Book Value | $38,207 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Bookkeeping | $7,140 | $0 | $0 | $7,140 |
| Investment fees | $140,596 | $140,596 | $0 | $0 |
| Other professional fees | $17,434 | $0 | $0 | $17,434 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Federal excise tax | $46,656 | |
| Foreign taxes | $1,688 | $1,688 |
Comments