The George E Hewitt Foundation For Medical Research
- Assets
- $33.5m
- Revenue
- $2.2m
- Investments
- $30.7m
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 07/1983
- Data as of
- 12/2021
- EIN
- 95-3711123
Organization Overview
The George E Hewitt Foundation For Medical Research is located in Newport Beach, CA. The organization was established in 1983. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George E Hewitt Foundation For Medical Research 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 12/2021, George E Hewitt Foundation For Medical Research generated $2.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 0.2% per year over the past 6 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 2017, George E Hewitt Foundation For Medical Research has awarded 253 individual grants totaling $16,232,488. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lois A Horness Vp, Sec & Treas | 1 | $18,000 | |
Kenneth E Charlton Director | 1 | $10,500 | |
Dennis D Cunningham PHD President | 1 | $0 | |
Walter Eckhart PHD CFO | 1 | $0 | |
Joseph C Garcia Jr Director | 1 | $0 | |
Bruce J Tromberg PHD Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Afp Saddington Llp | 12/30/19 | $56,298 |
Leisure Capital Management Inc | 12/30/19 | $58,202 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,849 |
| Interest on Savings | $220,867 |
| Dividends & Interest | $1,255,830 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $750,080 |
| Capital Gain Net Income | $750,080 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,233,626 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $139,951 |
| Total operating and administrative expenses | $198,901 |
| Contributions, gifts, grants paid | $1,389,786 |
| Total expenses and disbursements | $1,588,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,847,357 |
| 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 | $8,490 |
| Investments—mortgage loans | $0 |
| Investments—other | $30,683,728 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $33,539,575 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, The George E Hewitt Foundation For Medical Research has awarded $3,515,788 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
AMALIA FLORIOU-SERVOU PHD PURPOSE: MEDICAL RESEARCH GRANT | $182,000 |
MD NAUSHAD KHAN PHD PURPOSE: MEDICAL RESEARCH GRANT | $176,667 |
NATANELLA ILLOUZ-ELIAZ PHD PURPOSE: MEDICAL RESEARCH GRANT | $176,667 |
ERIC M MULHALL PHD PURPOSE: MEDICAL RESEARCH GRANT | $171,334 |
MARGAUX SALA PHD PURPOSE: MEDICAL RESEARCH GRANT | $171,334 |
LARA LABARTA-BAJO PHD PURPOSE: MEDICAL RESEARCH GRANT | $171,334 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Calif Glaziers H&w Tr Fund Covina, CA | $29,114,155 | $20,946,347 |
Banner Health Foundation Phoenix, AZ | $138,766,928 | $27,502,678 |
Abc California Health Trust San Diego, CA | $8,208,446 | $18,293,053 |
Montage Health Foundation Monterey, CA | $246,774,163 | $32,937,422 |
Sun Health Foundation Sun City West, AZ | $41,548,364 | $9,339,372 |
Providence St Vincent Medical Foundation Portland, OR | $302,625,014 | $42,114,354 |
Providence Portland Medical Foundation Portland, OR | $219,001,384 | $22,077,699 |
John Muir Foundation Walnut Creek, CA | $65,372,142 | $20,131,142 |
Gallo Union Health Trust Modesto, CA | $21,480,077 | $14,963,749 |
Redwood Community Health Network Petaluma, CA | $4,126,775 | $12,982,178 |
Kuakini Foundation Honolulu, HI | $15,169,850 | $4,896,720 |
Martin Luther King Jr Community Health Foundation Los Angeles, CA | $43,323,066 | $8,250,886 |