Entertainment Industry Foundation
- Assets
- $97.8m
- Revenue
- $57.8m
- Investments
- $0.0
- Employees
- 98
- Location
- Los Angeles, CA
- Founding
- 11/1942
- Data as of
- 12/2022
- EIN
- 95-1644609
Organization Overview
Entertainment Industry Foundation is located in Los Angeles, CA. The organization was established in 1942. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Entertainment Industry Foundation employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Entertainment Industry 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 12/2022, Entertainment Industry Foundation generated $57.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $59.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Entertainment Industry Foundation has awarded 689 individual grants totaling $321,697,330. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO COORDINATE THE PHILANTHROPY OF THE ENTERTAINMENT INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STAND UP TO CANCER INITIATIVE (SU2C) IS DESIGNED TO RAISE FUNDS TO ACCELERATE GROUND-BREAKING CANCER RESEARCH AND BRING NEW THERAPIES TO PATIENTS SOONER TO SAVE LIVES. SU2C UTILIZES THE ENTERTAINMENT INDUSTRY TO BUILD BROAD PUBLIC SUPPORT AND TO ENHANCE AWARENESS OF THE DEVASTATING IMPACT CANCER HAS IN THIS COUNTRY. SU2C'S GOAL IS TO BRING TOGETHER THE BEST AND BRIGHTEST IN THE CANCER COMMUNITY ENCOURAGING COLLABORATION INSTEAD OF COMPETITION.
BUILDING ON EIF'S HISTORIC COMMITMENT TO FURTHERING THE PHILANTHROPIC EFFORTS OF THE ENTERTAINMENT COMMUNITY, DEFY DISASTER ALLOWS FOR IMMEDIATE RESPONSE IN THE WAKE OF HUMANITARIAN CRISES. BY MOBILIZING INDUSTRY PARTNERS AND THE PUBLIC AND WORKING WITH KEY PARTNERS ON THE GROUND, DEFY DISASTER DELIVERS FUNDING AND VITAL RESOURCES FOR IMMEDIATE RELIEF AND LONG-TERM RECOVERY IN AFFECTED AREAS THROUGHOUT THE WORLD.
CHARITABLE SERVICE FUNDS: WITH UNPARALLELED ACCESS TO ROADBLOCK TELEVISION, DONATED MEDIA AND INDUSTRY-WIDE COLLABORATORS, EIF CHARITABLE SERVICE FUNDS SUPPORTS GROUND-BREAKING PROGRAMS THAT RAISE AWARENESS AND FUNDS FOR ISSUES AFFECTING MILLIONS OF PEOPLE AROUND THE WORLD.
EIF IS ABLE TO CHAMPION A WIDE VARIETY OF WORTHY CAUSES. EIF RAISES AWARENESS AND CRUCIAL FUNDS TO ADDRESS LEADING HEALTH AND SOCIAL ISSUES. EIF GRANTS FUNDS TO VARIOUS CHARITIES ALL ACROSS THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Silbermann Board Chair | OfficerTrustee | 1 | $0 |
Jeff Bader Board Vice Chair | OfficerTrustee | 1 | $0 |
Peter Seymour Treasurer | OfficerTrustee | 1 | $0 |
Dan Harrison Secretary | OfficerTrustee | 1 | $0 |
Lynn Harris Board Member | Trustee | 1 | $0 |
Kathy Johnson Board Member (beg 06/2022) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robertson Schwartz Agency See Schedule O | 12/30/22 | $1,758,689 |
Venable Llp Legal | 12/30/22 | $621,456 |
Apricity Health Llc Science Consulting | 12/30/22 | $500,000 |
Id Public Relations Public Relations | 12/30/22 | $212,188 |
Chere Heintzmann Mangement Consulting | 12/30/22 | $203,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,004,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,004,400 |
| Total Program Service Revenue | $420,589 |
| Investment income | $393,063 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $49,296 |
| Net Rental Income | $916,301 |
| Net Gain/Loss on Asset Sales | -$11,572 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,772,077 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,323,642 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,476,109 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,165,795 |
| Compensation of current officers, directors, key employees. | $1,036,658 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,155,740 |
| Pension plan accruals and contributions | $469,371 |
| Other employee benefits | $1,287,239 |
| Payroll taxes | $707,864 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $582,587 |
| Fees for services: Accounting | $102,742 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $826,355 |
| Fees for services: Investment Management | $38,656 |
| Fees for services: Other | $9,848,024 |
| Advertising and promotion | $80,013 |
| Office expenses | $519,952 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,082,433 |
| Travel | $956,173 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $176,773 |
| Insurance | $286,719 |
| All other expenses | $38,671 |
| Total functional expenses | $59,278,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,646,497 |
| Savings and temporary cash investments | $29,828,542 |
| Pledges and grants receivable | $8,963,834 |
| Accounts receivable, net | $139,612 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $464,209 |
| Net Land, buildings, and equipment | $207,634 |
| Investments—publicly traded securities | $23,407,447 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,126,306 |
| Total assets | $97,784,081 |
| Accounts payable and accrued expenses | $2,970,135 |
| Grants payable | $3,958,707 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,857,482 |
| Total liabilities | $9,786,324 |
| Net assets without donor restrictions | -$606,340 |
| Net assets with donor restrictions | $88,604,097 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $97,784,081 |
Grants Awarded
Over the last fiscal year, Entertainment Industry Foundation has awarded $25,274,749 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ASSOCIATION FOR CANCER RESEARCH (AACR) PURPOSE: GENERAL PROGRAM | $13,204,578 |
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: GENERAL PROGRAM | $1,712,500 |
TRUSTEES OF PRINCETON UNIVERSITY PURPOSE: GENERAL PROGRAM | $1,200,000 |
LELAND STANFORD JUNIOR UNIVERSITY PURPOSE: GENERAL PROGRAM | $1,112,500 |
DANA FARBER CANCER INSTITUTE PURPOSE: GENERAL PROGRAM | $1,025,000 |
NYU GROSSMAN SCHOOL OF MEDICINE PURPOSE: GENERAL PROGRAM | $980,000 |