Dr Herbert And Nicole Wertheim Family Foundation Inc
- Assets
- $42.8m
- Revenue
- $5.2m
- Investments
- $42.4m
- Employees
- 0
- Location
- Miami, FL
- Founding
- 01/1978
- Data as of
- 09/2022
- EIN
- 59-1778605
Organization Overview
Dr Herbert And Nicole Wertheim Family Foundation Inc is located in Miami, FL. The organization was established in 1978. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Dr Herbert And Nicole Wertheim Family 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 09/2022, Dr Herbert And Nicole Wertheim Family Foundation Inc generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 64.9% each year . All expenses for the organization totaled $16.0m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Dr Herbert And Nicole Wertheim Family Foundation Inc has awarded 48 individual grants totaling $27,293,176. 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 |
|---|---|---|---|
Vanessa V Wertheim Director | 35 | $375,000 | |
Dr Herbert A Wertheim President | 20 | $0 | |
Nicole JD Wertheim Secretary | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,626,171 |
| Interest on Savings | $0 |
| Dividends & Interest | $623,823 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,013 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $35 |
| Total Revenue | $5,245,016 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $375,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $421,015 |
| Taxes | $5,101 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $39,984 |
| Printing and publications | $0 |
| Other expenses | $22,672 |
| Total operating and administrative expenses | $863,772 |
| Contributions, gifts, grants paid | $15,122,000 |
| Total expenses and disbursements | $15,985,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $44,643 |
| 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 | $28,440 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $421,293 |
| Total assets | $42,831,898 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,538,278 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $31,047,785 |
| Total liabilities | $32,586,063 |
Grants Awarded
Over the last fiscal year, Dr Herbert And Nicole Wertheim Family Foundation Inc has awarded $15,122,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Gainesville, FL PURPOSE: KNOWLEDGE-SHARING, DISCOVERY AND SERVICE. | $5,000,000 |
Berkeley, CA PURPOSE: TO SUPPORT STUDENTS, FACULTY, PHYSICIANS, STAFF, AND VOLUNTEERS WORKING DILIGENTLY TOWARD A REMARKABLE FUTURE. | $5,000,000 |
Miami, FL PURPOSE: KNOWLEDGE SHARING, DISCOVERY, AND SERVICE. | $3,012,000 |
UC SAN DIEGO FOUNDATION PURPOSE: TO SUPPORT STUDENTS, FACULTY, PHYSICIANS, STAFF, AND VOLUNTEERS WORKING DILIGENTLY TOWARD A REMARKABLE FUTURE. | $2,000,000 |
San Diego, CA PURPOSE: TO AID IN THE HEALTH AND DEVELOPMENT OF CHILDREN IN NEED OF PEDIATRIC CARE. | $100,000 |
Miami, FL PURPOSE: TO FACILITATE THE CHANNELING OF RESOURCES TOWARDS PERFORMING RESEARCH, DISSEMINATING AND PREPARING SCIENTIFIC AND EDUCATION INFORMATION. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Publix Super Markets Charities Inc Lakeland, FL | $259,322,738 | $58,315,085 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |
The Marie-Josee And Henry R Kravis Foundation West Palm Beach, FL | $65,193,748 | $101,287,799 |
Peter@degeorge Family Foundation Inc Palm Beach Gardens, FL | $1,828,456 | $678,712 |
The Batchelor Foundation Inc Miami Beach, FL | $358,630,434 | $9,326,509 |
Lettie Pate Evans Foundation Inc Atlanta, GA | $69,308,402 | $17,897,458 |
Cornelia T Bailey Charitable Trust West Palm Beach, FL | $355,586,591 | $19,852,168 |
James M Cox Foundation Of Ga Inc Atlanta, GA | $0 | $81,966,247 |
Georgia Power Foundation Inc In Receivership Atlanta, GA | $222,309,509 | $29,809,906 |
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |