Nora Roberts Foundation Inc
- Assets
- $94.1m
- Revenue
- $6.8m
- Investments
- $90.1m
- Employees
- 0
- Location
- Glenn Dale, MD
- Founding
- 05/2000
- Data as of
- 12/2022
- EIN
- 52-2189081
Organization Overview
Nora Roberts Foundation Inc is located in Glenn Dale, MD. The organization was established in 2000. 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. Nora Roberts Foundation Inc 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 12/2022, Nora Roberts Foundation Inc generated $6.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (17.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Nora Roberts Foundation Inc has awarded 2,349 individual grants totaling $24,200,751. 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 |
|---|---|---|---|
Eleanor Wilder President | 1 | $0 | |
Bruce Wilder Vice President | 1 | $0 | |
Kathryn Pong Secretary | 10 | $65,000 | |
Jason M Aufdem-Brinke Treasurer | 10 | $85,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,517,518 |
| Interest on Savings | $0 |
| Dividends & Interest | $950,179 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $331,331 |
| Capital Gain Net Income | $331,331 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,799,028 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $56,520 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $75,778 |
| Depreciation | $0 |
| Occupancy | $13,422 |
| Travel, conferences, and meetings | $43,651 |
| Printing and publications | $0 |
| Other expenses | $44,909 |
| Total operating and administrative expenses | $704,770 |
| Contributions, gifts, grants paid | $2,619,755 |
| Total expenses and disbursements | $3,324,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,309 |
| Savings and temporary cash investments | $3,856,137 |
| 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 | $5,194,747 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $94,132,270 |
| 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, Nora Roberts Foundation Inc has awarded $2,619,755 in support to 182 organizations.
| Grant Recipient | Amount |
|---|---|
AARP FOUNDATION PURPOSE: OPERATIONS | $6,000 |
ADELANTE MUJERES PURPOSE: OPERATIONS | $3,000 |
AASK - AID TO ADOPTION OF SPECIAL KIDS PURPOSE: OPERATIONS | $3,000 |
ANNE ARUNDEL COUNTY LITERACY COUNCIL PURPOSE: OPERATIONS | $6,000 |
ARMED SERVICES YMCA OF HAMPTON ROADS PURPOSE: OPERATIONS | $3,000 |
AMERICAN PRINTING HOUSE AWARD PURPOSE: OPERATIONS | $3,000 |