Iherb Charitable Foundation
- Assets
- $35.9k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 07/2016
- Data as of
- 12/2021
- EIN
- 46-4349259
Organization Overview
Iherb Charitable Foundation is located in Irvine, CA. The organization was established in 2016. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Iherb Charitable 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, Iherb Charitable Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 14.4% per year over the past 7 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 2016, Iherb Charitable Foundation has awarded 52 individual grants totaling $7,134,014. 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 |
|---|---|---|---|
Reza Faraee Chairperson/ceo | 1 | $0 | |
Emun Zabihi President | 1 | $0 | |
Roxanne Agnew Treasurer/cfo | 1 | $0 | |
Clarice Hovsepian Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,878,484 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,878,484 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $75 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $915 |
| Total operating and administrative expenses | $161,246 |
| Contributions, gifts, grants paid | $1,774,389 |
| Total expenses and disbursements | $1,935,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,854 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $35,854 |
| 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 | $1,000 |
| Total liabilities | $1,000 |
Grants Awarded
Over the last fiscal year, Iherb Charitable Foundation has awarded $1,774,389 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: IPIC PROJECT INITIATIVES | $1,272,889 |
Santa Monica, CA PURPOSE: IMPOVERISHED CAMBODIAN CHILDREN'S EDUCATIONAL SUPPORT | $480,000 |
SAVONG FOUNDATION PURPOSE: STUDENT SCHOLARSHIPS AND OFFICIAL SPONSOR SAVONG STUDENT CENTER. | $11,500 |
Redlands, CA PURPOSE: GENERAL PURPOSE GRANT | $5,000 |
LOMA LINDA RONALD MCDONALD HOUSE PURPOSE: BOOTH SPONSOR- CHARITY WALK FOR KIDS, FOUNDATION MATCH FOR IHERB INC TEAM MEMBERS CONTRIBUTIONS, SPONSORSHIP IN THE 13TH ANNUAL LOMA LINDA RONALD MCDONALD HOUSE CHARITY GOLF TOURNAMENT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Leonard And Sophie Davis Fund San Francisco, CA | $227,558,478 | $35,284,803 |
Ray And Dagmar Dolby Family Fund San Francisco, CA | $0 | $8,022,175 |
Kalmanovitz Charitable Foundation Mill Valley, CA | $9,993,294 | $9,957,898 |
Mufg Union Bank Foundation Ag Phoenix, AZ | $2,989,069 | $8,302,055 |
Fenwick Community Fund Mountain View, CA | $8,526,987 | $12,836,931 |
Colburn Music Fund Los Angeles, CA | $0 | $7,150,369 |
Marks Family Foundation Redwood City, CA | $49,983,289 | $16,693,138 |
Herbalife Nutrtion Foundation Los Angeles, CA | $22,239,401 | $8,092,128 |
Kla-Tencor Foundation Milpitas, CA | $26,702,881 | $5,233,772 |
Walter J & Betty C Zable Foundation San Diego, CA | $89,922,595 | $8,940,204 |
In-N-Out Burgers Foundation Irvine, CA | $42,997,314 | $8,211,700 |
Smidt Fam Foundation Newbury Park, CA | $69,750,078 | $4,896,207 |