Larry L Hillblom Foundation Inc
- Assets
- $147.2m
- Revenue
- $2.8m
- Investments
- $139.9m
- Employees
- 0
- Location
- Petaluma, CA
- Founding
- 11/1997
- Data as of
- 12/2023
- EIN
- 94-3241600
Organization Overview
Larry L Hillblom Foundation Inc is located in Petaluma, CA. The organization was established in 1997. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Larry L Hillblom 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 12/2023, Larry L Hillblom Foundation Inc generated $2.8m 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 (20.9%) each year. All expenses for the organization totaled $9.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Larry L Hillblom Foundation Inc has awarded 246 individual grants totaling $60,843,220. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE OF THE FOUNDATION IS TO SUPPORT MEDICAL RESEARCH IN THE AREAS OF DIABETES AND AGING. GRANT RECIPIENTS ARE SELECTED BASED UPON THIS CRITERIA IN FURTHERANCE OF THE ORGANIZATION'S EXEMPT PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter J Donnici President & CEO | 32.5 | $140,100 | |
Grant A Anderson Vice President | 27.5 | $118,450 | |
David R Jones CFO | 40 | $186,950 | |
Stephen J Schwartz Director | 7 | $31,500 | |
E Lewis Reid Director | 7 | $37,500 | |
Janice Quistad Director | 7 | $37,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crewcial Partners Llc | 12/30/23 | $186,431 |
Sands Capital Management | 12/30/23 | $74,616 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $809 |
| Dividends & Interest | $1,067,594 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,994,498 |
| Capital Gain Net Income | $2,886,002 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$274,415 |
| Total Revenue | $2,788,486 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $662,500 |
| Other employee salaries and wages | $146,600 |
| Pension plans, employee benefits | $141,295 |
| Interest | $0 |
| Taxes | $339,255 |
| Depreciation | $11,581 |
| Occupancy | $102,946 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $331,084 |
| Total operating and administrative expenses | $2,472,762 |
| Contributions, gifts, grants paid | $7,147,914 |
| Total expenses and disbursements | $9,620,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,117 |
| Savings and temporary cash investments | $9,470 |
| Net Accounts receivable | $66,014 |
| 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 | $6,693 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $34,297,011 |
| Net Land, buildings, and equipment | $921 |
| Other assets | $7,011,512 |
| Total assets | $147,169,346 |
| Accounts payable and accrued expenses | $108,995 |
| Grants payable | $8,000,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $548,427 |
| Total liabilities | $8,657,422 |
Grants Awarded
Over the last fiscal year, Larry L Hillblom Foundation Inc has awarded $14,277,914 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
10000 DEGREES PURPOSE: GENERAL SUPPORT | $25,000 |
BOYS AND GIRLS CLUB OF LAKE TAHOE PURPOSE: GENERAL SUPPORT | $5,000 |
BUCK INSTITUTE FOR RESEARCH ON AGING PURPOSE: GENERAL SUPPORT | $520,000 |
CEDARS SINAI MEDICAL CENTER PURPOSE: GENERAL SUPPORT | $70,000 |
CAREER TECHNICAL EDUCATION FOUNDATION FOR SONOMA COUNTY (CTE) PURPOSE: GENERAL SUPPORT | $25,000 |
CITY OF HOPE PURPOSE: GENERAL SUPPORT | $75,000 |