Herb Block Foundation
- Assets
- $56.1m
- Revenue
- $3.0m
- Investments
- $54.6m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 03/2002
- Data as of
- 09/2021
- EIN
- 26-0008276
Organization Overview
Herb Block Foundation is located in Washington, DC. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Herb Block 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 09/2021, Herb Block Foundation generated $3.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $3.4m during the year ending 09/2021. While expenses have increased by 2.7% per year over the past 5 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcela Brane President | 40 | $131,233 | |
Sarah Alex Exec Director | 40 | $124,486 | |
Jean J Rickard Exec Dir Emerita | 40 | $93,237 | |
Robin Meszoly Treasurer | 1 | $0 | |
Athelia Knight Director | 1 | $0 | |
Matthew Wuerker Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates Llc | 9/29/21 | $105,500 |
Cambridge Associates Llc | 9/29/21 | $0 |
International Scholarship | 9/29/21 | $536,180 |
International Scholarship | 9/29/21 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $312 |
| Dividends & Interest | $566,678 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,427,232 |
| Capital Gain Net Income | $2,427,232 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,100 |
| Total Revenue | $3,003,322 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $348,956 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $40,853 |
| Interest | $0 |
| Taxes | $72,211 |
| Depreciation | $85,224 |
| Occupancy | $93,600 |
| Travel, conferences, and meetings | $1,092 |
| Printing and publications | $2,359 |
| Other expenses | $595,268 |
| Total operating and administrative expenses | $1,530,780 |
| Contributions, gifts, grants paid | $1,852,000 |
| Total expenses and disbursements | $3,382,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,124 |
| Savings and temporary cash investments | $663,103 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $54,620,995 |
| Net Land, buildings, and equipment | $179,163 |
| Other assets | $617,855 |
| Total assets | $56,105,240 |
| 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 | $180 |
| Total liabilities | $180 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Breakthrough Prize In Life Sciences Foundation Washington, DC | $615,230 | $10,652,847 |
Manning Family Foundation Charlottesville, VA | $313,144,000 | $17,216,650 |
Nora Roberts Foundation Inc Glenn Dale, MD | $90,657,767 | $17,263,079 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |
Reinhart Foundation Richmond, VA | $39,727,277 | $36,137,915 |
Charles T Bauer Charitable Foundation Baltimore, MD | $0 | $6,889,193 |
Oak Hill Fund Charlottesville, VA | $99,384,131 | $7,166,197 |
Marriott Daughters Foundation Bethesda, MD | $79,408,936 | $2,865,441 |