The Annenberg Foundation
- Assets
- $1.5b
- Revenue
- $131.6m
- Investments
- $1.3b
- Employees
- 0
- Location
- Conshohocken, PA
- Founding
- 11/1958
- Data as of
- 12/2023
- EIN
- 23-6257083
Organization Overview
The Annenberg Foundation is located in Conshohocken, PA. The organization was established in 1958. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Annenberg 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, Annenberg Foundation generated $131.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $253.6m during the year ending 12/2023. While expenses have increased by 8.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Annenberg Foundation has awarded 6,822 individual grants totaling $1,252,335,755. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
METABOLIC STUDIO LLC(SEE STATEMENT 21)
EXPLORE ANNENBERG LLC(SEE STATEMENT 22)
ANNENBERG LEARNER(SEE STATEMENT 23)
ANNENBERG TECH/PLEDGE LA(SEE STATEMENT 24)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wallis Annenberg Ceo/chairperson/president | 20 | $0 | |
Lauren Bon Vice President/director | 37.5 | $83,261 | |
Charles Weingarten Vice President/director | 37.5 | $82,957 | |
Gregory Weingarten Vice President/director | 37.5 | $82,957 | |
Cynthia Kennard Executive Director/secretary | 37.5 | $735,612 | |
Paul J Manganiello Director Of Invest/treasurer | 37.5 | $333,455 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sheppard Mullin Richter & Hampton Llp | 12/30/23 | $1,303,304 |
Geosyntec Consultants Inc | 12/30/23 | $9,006,386 |
General Atlantic Service Company Llc | 12/30/23 | $755,370 |
Vaco Los Angeles Llc | 12/30/23 | $1,210,838 |
Brightview Landscape Development Inc | 12/30/23 | $1,184,737 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $733,275 |
| Dividends & Interest | $12,706,197 |
| Net Rental Income | $280,919 |
| Net Gain on Sale of Assets | $115,390,672 |
| Capital Gain Net Income | $49,768,045 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $40,000 |
| Other Income | $1,158,774 |
| Total Revenue | $131,626,861 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,545,250 |
| Other employee salaries and wages | $7,054,649 |
| Pension plans, employee benefits | $3,421,229 |
| Interest | $2,261 |
| Taxes | $3,618,521 |
| Depreciation | $1,282,331 |
| Occupancy | $5,042,442 |
| Travel, conferences, and meetings | $1,182,787 |
| Printing and publications | $206,397 |
| Other expenses | $5,300,787 |
| Total operating and administrative expenses | $52,995,169 |
| Contributions, gifts, grants paid | $200,588,922 |
| Total expenses and disbursements | $253,584,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,403 |
| Savings and temporary cash investments | $61,008,489 |
| 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 | $404,673 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $804,548,989 |
| Net Land, buildings, and equipment | $50,503,090 |
| Other assets | $13,289,857 |
| Total assets | $1,462,008,226 |
| Accounts payable and accrued expenses | $6,907,924 |
| Grants payable | $15,527,838 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $21,537,463 |
| Total liabilities | $43,973,225 |
Grants Awarded
Over the last fiscal year, The Annenberg Foundation has awarded $214,122,787 in support to 559 organizations.
| Grant Recipient | Amount |
|---|---|
826LA PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
A NEW DAY FOUNDATION INC PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
A PLACE CALLED HOME PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
ABILITYFIRST PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
ABRAHAM PATH INITIATIVE INC PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
ACADEMY FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |