The Rita And Alex Hillman Foundation
- Assets
- $92.5m
- Revenue
- $2.2m
- Investments
- $73.7m
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/1966
- Data as of
- 12/2023
- EIN
- 13-2560546
Organization Overview
The Rita And Alex Hillman Foundation is located in New York, NY. The organization was established in 1966. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rita And Alex Hillman Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Rita And Alex Hillman Foundation generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $5.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Rita And Alex Hillman Foundation has awarded 307 individual grants totaling $28,736,481. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lizanne Fontaine Director | 1 | $0 | |
Kristen Choi Director | 1 | $0 | |
Ahrin Mishan Vp/sec/ex Dir | 40 | $450,300 | |
David Gould Pres. & Treasur | 1 | $0 | |
Peter Hammack Director | 0 | $0 | |
Paul Garfinkle Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Davis Ward & Hochman Llp | 12/30/23 | $70,875 |
Linda Aiken Consulting | 12/30/23 | $71,018 |
Yurgosky Consulting Limited Inc | 12/30/23 | $60,070 |
Offit Capital Advisers | 12/30/23 | $436,975 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,629 |
| Dividends & Interest | $1,337,196 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $895,499 |
| Capital Gain Net Income | $895,499 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$33,610 |
| Total Revenue | $2,208,714 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $560,625 |
| Other employee salaries and wages | $195,400 |
| Pension plans, employee benefits | $89,527 |
| Interest | $0 |
| Taxes | $44,623 |
| Depreciation | $1,679 |
| Occupancy | $188,390 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $230,319 |
| Total operating and administrative expenses | $2,083,229 |
| Contributions, gifts, grants paid | $3,762,201 |
| Total expenses and disbursements | $5,845,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,983 |
| Savings and temporary cash investments | $1,641,752 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $200,332 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $60,896,052 |
| Net Land, buildings, and equipment | $2,814 |
| Other assets | $16,795,900 |
| Total assets | $92,468,865 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $108,802 |
| Total liabilities | $108,802 |
Grants Awarded
Over the last fiscal year, The Rita And Alex Hillman Foundation has awarded $3,762,201 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL CENTER FOR PHOTOGRAPH PURPOSE: SUPPORT ART OF PHOTOGRAPHY | $100,000 |
METROPOLITAN MUSEUM OF ART PURPOSE: SUPPORT VISUAL ARTS | $10,000 |
AMERICAN ACADEMY OF NURSING PURPOSE: SUPPORT NURSING EDUCATION | $10,000 |
BROOKLYN ACADEMY OF MUSIC PURPOSE: ADVANCE ARTS & SOCIAL WELL BEING | $308,000 |
AMERICAN NURSES FOUNDATION PURPOSE: SUPPORT NURSING EDUCATION | $60,000 |
NLN FOUNDATION PURPOSE: SUPPORT NURSING EDUCATION | $10,000 |