EDWARD & ROSE BERMAN LEGACY FOUNDATION

EIN: 562413904 501(c)(3) Philanthropy & Grantmaking

PITTSBURGH, PA

Total Revenue
$126,794
Total Expenses
$149,295
Total Assets
$1,433,199
Net Assets
$1,433,199
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
PA
Principal Officer
Jeffrey Finkelstein
Phone
4129925260
Tax Period
2024-07-01 to 2025-06-30

EDWARD & ROSE BERMAN LEGACY FOUNDATION, founded in 2003, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $127K in total revenue in fiscal year 2024. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $149K exceeded revenue, resulting in a 18% operating deficit.

Mission

The Edward and Rose Berman Legacy Foundations primary purpose is to achieve charitable goals by acting as a supporting organization for the benefit of the Jewish Federation of Greater Pittsburgh.

Program Service Accomplishments

Program 1
Expenses: $100,000 Revenue: $0

Distributions to supported organization - Jewish Federation of Greater Pittsburgh 2000 Technology Drive PGH PA 15219

Program 2
Expenses: $25,000 Revenue: $0

Distributions to the Edward and Rose Berman Hillel Jewish University Center 4607 Forbes Avenue Pittsburgh PA 15213

Program 3
Expenses: $20,000 Revenue: $0

Distributions to other 501c3 charities.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $80,000
Program Service Revenue $0
Investment Income $46,794
Other Revenue $0
TOTAL REVENUE $126,794

Expense Breakdown

Grants Paid $145,000
Salaries & Benefits $0
Fundraising Expenses $1,409
Program Expenses $145,000
Other Expenses $4,295
TOTAL EXPENSES $149,295

Year-over-Year Comparison

2024 2023 Change
Revenue $126,794 $1,343,597 -0.9%
Expenses $149,295 $598,413 -0.8%
Net Income $-22,501 $745,184 -1.0%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$543,204
Total Directors
3
$543,204
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Edward Berman President Director 0.50
Officer Director
$0 $0 $0
Jeffrey Finkelstein Treasurer Director 0.50
Officer Director
$0 $51,772 $543,204
David Steinbach Vice President Secretary Director 0.50
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $126,794 $149,295 $1,433,199 $-22,501
2024 $1,343,597 $598,413 $1,178,845 $745,184
2023 $147,122 $117,114 $726,731 $30,008
2022 $14,435 $144,059 $895,400 $-129,624
2021 $138,521 $640,101 $1,128,588 $-501,580
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