Inherent Foundation
- Assets
- $50.1m
- Revenue
- $814.5k
- Investments
- $41.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2009
- Data as of
- 12/2023
- 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 12/2023, Inherent Foundation generated $814.5k 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 (19.9%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Inherent Foundation has awarded 109 individual grants totaling $6,453,460. 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 |
|---|---|---|---|
Anthony L Davis President & Chairman | 1 | $0 | |
Suzy F Davis Vice President | 1 | $0 | |
Michael Ellis Treasurer, Secretary, & Director | 5 | $0 | |
Patrick Healy Secretary | 1 | $0 | |
Mike Pollack Director | 1 | $0 | |
Arlene Shaw Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $797,389 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$251,174 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $268,243 |
| Total Revenue | $814,458 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $220,689 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $732 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,486 |
| Printing and publications | $0 |
| Other expenses | $549,357 |
| Total operating and administrative expenses | $854,851 |
| Contributions, gifts, grants paid | $2,342,122 |
| Total expenses and disbursements | $3,196,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,806,114 |
| 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 | $22,696,916 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,231,111 |
| Total assets | $50,073,496 |
| 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 $2,342,122 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
ALL OUR KIN PURPOSE: GENERAL UNRESTRICTED | $250,000 |
AS YOU SOW PURPOSE: GENERAL UNRESTRICTED | $75,000 |
B LAB COMPANY INC PURPOSE: GENERAL UNRESTRICTED | $25,000 |
ARBOR RISING PURPOSE: GENERAL UNRESTRICTED | $6,140 |
BROOKLYN FRIENDSHIP FUND INC PURPOSE: GENERAL UNRESTRICTED | $2,500 |
BROOKLYN ORG PURPOSE: GENERAL UNRESTRICTED | $10,000 |