Dr Herbert And Nicole Wertheim Family Foundation Inc
- Assets
- $42.8m
- Revenue
- $966.3k
- Investments
- $42.4m
- Employees
- 0
- Location
- Miami, FL
- Founding
- 01/1978
- Data as of
- 09/2023
- 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 09/2023, Dr Herbert And Nicole Wertheim Family Foundation Inc generated $966.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $3.0m during the year ending 09/2023. While expenses have increased by 27.3% 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 2015, Dr Herbert And Nicole Wertheim Family Foundation Inc has awarded 60 individual grants totaling $29,844,311. 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 |
|---|---|---|---|
Dr Herbert A Wertheim President | 20 | $0 | |
Nicole JD Wertheim Vice President | 6 | $0 | |
Vanessa V Wertheim Director | 6 | $175,000 | |
Ray Wertheim Director | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,965 |
| Interest on Savings | $0 |
| Dividends & Interest | $959,082 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,235 |
| Capital Gain Net Income | $4,235 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7 |
| Total Revenue | $966,289 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $175,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,724,090 |
| Taxes | $3,031 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,425 |
| Printing and publications | $0 |
| Other expenses | $25,044 |
| Total operating and administrative expenses | $1,933,590 |
| Contributions, gifts, grants paid | $1,047,705 |
| Total expenses and disbursements | $2,981,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $46,567 |
| 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 | $28,362 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $421,293 |
| Total assets | $42,828,943 |
| 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 | $33,059,836 |
| Total liabilities | $34,598,114 |
Grants Awarded
Over the last fiscal year, Dr Herbert And Nicole Wertheim Family Foundation Inc has awarded $1,047,705 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF FLORIDA FOUNDATION PURPOSE: KNOWLEDGE-SHARING, DISCOVERY AND SERVICE. | $970,600 |
PROSTATE CANCER FOUNDATION PURPOSE: TO SUPPORT THE RESEARCH FOR PREVENTION, DETECTION AND TREATMENT OF PROSTATE CANCER | $25,000 |
CHURCH OF BETHESDA PURPOSE: TO SUPPORT INSITUTION'S MISSION OF WORSHIP, FELLOWSHIP AND LEADERSHIP | $25 |
LIGHTHOUSE INTERNATIONAL PURPOSE: TO SUPPORT MENTORING, COACHING & SUPPORT TO HELP PEOPLE DEVELOP THEIR POTENTIAL | $2,000 |
KIPS BAY BOYS AND GIRLS PURPOSE: TO ENRICH AND ENHANCE THE QUALIFY OF LIFE FOR YOUNG PEOPLE BY PROVIDING EDUCATIONAL AND DEVELOPMENTAL PROGRAMS | $80 |
BIRTHRIGHT ISRAEL FOUNDATION PURPOSE: TO SUPPORT YOUNG JEWS CONNECT WITH THEIR HERITAGE | $25,000 |