Inherent Foundation
- Assets
- $45.3m
- Revenue
- $11.8m
- Investments
- $41.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2009
- Data as of
- 12/2021
- EIN
- 27-0214492
Organization Overview
Inherent Foundation is located in New York, NY. The organization was established in 2009. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Inherent 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 12/2021, Inherent Foundation generated $11.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 70.8% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Inherent Foundation has awarded 38 individual grants totaling $3,022,143. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Healy Secretary | 1 | $0 | |
Michael Ellis Treasurer & Director | 1 | $0 | |
Mike Pollack Director | 1 | $0 | |
Arlene Shaw Director | 1 | $0 | |
Mali Locke Managing Director | 30 | $0 | |
Anthony L Davis President & Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,341,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $461,040 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $476,618 |
| Capital Gain Net Income | $3,091,103 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,516,779 |
| Total Revenue | $11,795,937 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $53,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $301 |
| Total operating and administrative expenses | $258,658 |
| Contributions, gifts, grants paid | $854,263 |
| Total expenses and disbursements | $1,112,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,407,696 |
| 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 | $31,834,036 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,460,112 |
| Total assets | $45,271,487 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Inherent Foundation has awarded $854,263 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Austin, TX PURPOSE: GENERAL UNRESTRICTED | $500,000 |
AS YOU SOW PURPOSE: GENERAL UNRESTRICTED | $150,000 |
NYU DAILY GIFT PURPOSE: GENERAL UNRESTRICTED | $50,000 |
Alexandria, VA PURPOSE: GENERAL UNRESTRICTED | $25,000 |
Long Island City, NY PURPOSE: GENERAL UNRESTRICTED | $25,000 |
Berwyn, PA PURPOSE: GENERAL UNRESTRICTED | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edith L Trees Charitable Trust Pittsburgh, PA | $351,552,610 | $23,983,044 |
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Halvorsen Family Foundation Greenwich, CT | $235,306,066 | $4,015,208 |
Adp Foundation Roseland, NJ | $23,560,078 | $20,725,290 |
Lynch Foundation Boston, MA | $176,006,196 | $42,142,694 |
Foundation Berma New York, NY | $320,553,699 | $33,382,644 |
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |
John R Oishei Consolidated Tr 01091998 Buffalo, NY | $21,967,662 | $5,743,689 |
Goldstein Family Foundation Spring Valley, NY | $15,534,248 | $10,502,547 |
Sol Goldman Charitable Trust New York, NY | $0 | $3,639,060 |
Schwartz Fam Foundation Tr New York, NY | $15,701,646 | $4,641,500 |