The Hearthland Foundation
- Assets
- $381.4m
- Revenue
- $82.5m
- Investments
- $348.8m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 06/1982
- Data as of
- 12/2022
- EIN
- 95-4016320
Organization Overview
The Hearthland Foundation is located in Los Angeles, CA. The organization was established in 1982. 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. Hearthland 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, Hearthland Foundation generated $82.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.7% each year . All expenses for the organization totaled $14.9m during the year ending 12/2022. While expenses have increased by 4.5% per year over the past 8 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 2014, Hearthland Foundation has awarded 1,708 individual grants totaling $261,411,309. 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 |
|---|---|---|---|
Kate Capshaw Spielberg Director | 0.5 | $0 | |
Steven Spielberg Director | 0.5 | $0 | |
Kristie Macosko Krieger Director | 0.5 | $0 | |
Gerald Breslauer President, Director | 0.5 | $0 | |
Michael Rutman CFO | 0.5 | $0 | |
Tammy Anderson Secretary, Director | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fundamental Philanthropy Inc | 12/30/22 | $1,556,887 |
Cd Consulting | 12/30/22 | $170,000 |
Casa Vignale Design Inc | 12/30/22 | $170,000 |
Summit Rock Advisors Llc | 12/30/22 | $830,645 |
Offit Capital Advisors Llc | 12/30/22 | $111,760 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $79,146,930 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,051,457 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$664,837 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $82,533,550 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $380,049 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $125,796 |
| Printing and publications | $0 |
| Other expenses | $1,981,308 |
| Total operating and administrative expenses | $4,719,206 |
| Contributions, gifts, grants paid | $10,132,834 |
| Total expenses and disbursements | $14,852,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,428,711 |
| Savings and temporary cash investments | $21,896,402 |
| 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 | $103,563 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $43,564,906 |
| Net Land, buildings, and equipment | $166,961 |
| Other assets | $0 |
| Total assets | $381,382,649 |
| 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 | $1,598 |
| Total liabilities | $1,598 |
Grants Awarded
Over the last fiscal year, The Hearthland Foundation has awarded $14,482,834 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY OF AMERICAN POETS INC PURPOSE: ARTS, CULTURE & MEDIA | $10,000 |
AMERICAN EXCHANGE PROJECT INC PURPOSE: BRIDGING DIVIDES | $1,000,000 |
ARMAND HAMMER MUSEUM OF ART AND CULTURE CENTER PURPOSE: ARTS, CULTURE & MEDIA | $200,000 |
COLOROFCHANGEORG EDUCATION FUND INC PURPOSE: RACIAL JUSTICE | $150,000 |
ELEANOR WHITMORE EARLY CHILDHOOD CENTER INC PURPOSE: EDUCATION | $10,000 |
EQUAL JUSTICE INITIATIVE PURPOSE: RACIAL JUSTICE | $250,000 |