James Annenberg La Vea Charitable Foundation
- Assets
- $176.2m
- Revenue
- $5.5m
- Investments
- $140.1m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 05/2000
- Data as of
- 12/2020
- EIN
- 65-6323823
Organization Overview
James Annenberg La Vea Charitable Foundation is located in Philadelphia, PA. The organization was established in 2000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. James Annenberg LA Vea 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 12/2020, James Annenberg LA Vea Charitable Foundation generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 63.8% each year . All expenses for the organization totaled $10.1m during the year ending 12/2020. While expenses have increased by 60.8% per year over the past 3 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 2020, James Annenberg LA Vea Charitable Foundation has awarded 42 individual grants totaling $19,647,434. 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 |
|---|---|---|---|
Glenmede Trust Co N A Co-Trustee | 40 | $533,062 | |
Lawrence J Miller Esquire Co-Trustee | 5 | $265,256 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,899 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,897,106 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,594,387 |
| Capital Gain Net Income | $1,594,387 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,500,392 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $338,105 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $85,618 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,000 |
| Total operating and administrative expenses | $542,126 |
| Contributions, gifts, grants paid | $9,519,377 |
| Total expenses and disbursements | $10,061,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $35,881,625 |
| Net Accounts receivable | $204,099 |
| 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 | $140,138,553 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $176,224,277 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $9,525,534 |
| 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 | $9,525,534 |
Grants Awarded
Over the last fiscal year, James Annenberg La Vea Charitable Foundation has awarded $10,128,057 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: IN HONOR OF JAMES ANNENBERG | $658,324 |
CHILDRENS HUNGER FUND PURPOSE: IN HONOR OF JAMES ANNENBERG | $607,684 |
BOY SCOUTS OF AMERICA PURPOSE: IN HONOR OF JAMES ANNENBERG | $557,043 |
NATIONAL CENTER FOR MISSING AND PURPOSE: IN HONOR OF JAMES ANNENBERG | $557,043 |
GIRL SCOUTS OF THE USA PURPOSE: IN HONOR OF JAMES ANNENBERG | $557,043 |
Oklahoma City, OK PURPOSE: IN HONOR OF JAMES ANNENBERG | $557,043 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |