Northrop Grumman Foundation
- Assets
- $33.5m
- Revenue
- $16.2m
- Investments
- $32.2m
- Employees
- 0
- Location
- Falls Church, VA
- Founding
- 01/1956
- Data as of
- 12/2021
- EIN
- 95-6095343
Organization Overview
Northrop Grumman Foundation is located in Falls Church, VA. The organization was established in 1956. 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. Northrop Grumman 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 12/2021, Northrop Grumman Foundation generated $16.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 22.4% each year . All expenses for the organization totaled $14.7m during the year ending 12/2021. While expenses have increased by 4.1% per year over the past 5 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 2019, Northrop Grumman Foundation has awarded 4,413 individual grants totaling $44,694,053. 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 |
|---|---|---|---|
Dan Mcgovern Treasurer | 1 | $0 | |
Tiffany King Secretary | 1 | $0 | |
Ben Abrams Board Member | 1 | $0 | |
Sandra Evers-Manly President | 1 | $0 | |
Sheila Cheston Board Member | 1 | $0 | |
Peter Brooks Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000,250 |
| Interest on Savings | $68,653 |
| Dividends & Interest | $452,830 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $565,846 |
| Capital Gain Net Income | $565,846 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $79,728 |
| Total Revenue | $16,167,307 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $225 |
| Total operating and administrative expenses | $274,062 |
| Contributions, gifts, grants paid | $14,453,092 |
| Total expenses and disbursements | $14,727,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,240,382 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $33,455,291 |
| 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, Northrop Grumman Foundation has awarded $14,453,092 in support to 1,469 organizations.
| Grant Recipient | Amount |
|---|---|
TIDES - ONE TEN PURPOSE: GENERAL OPERATING GRANTS & MATCHING GIFTS. | $3,000,000 |
Arlington, VA PURPOSE: GENERAL OPERATING GRANTS & MATCHING GIFTS. | $1,500,000 |
ROBOTICS EDUCATION & COMPETITION FOUNDATION PURPOSE: GENERAL OPERATING GRANTS & MATCHING GIFTS. | $1,300,000 |
MIT PURPOSE: GENERAL OPERATING GRANTS & MATCHING GIFTS. | $500,000 |
UMBC FOUNDATION PURPOSE: GENERAL OPERATING GRANTS & MATCHING GIFTS. | $500,000 |
UMBC FOUNDATION PURPOSE: GENERAL OPERATING GRANTS & MATCHING GIFTS. | $500,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northrop Grumman Foundation has recieved totaling $65,000.
| Awarding Organization | Amount |
|---|---|
National Foundation For The Ctrs For Disease Contr & Prevention Inc Atlanta, GA PURPOSE: EMERGENCY RESPONSE FUND-CORONAVIRUS | $65,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |
The Leon Levine Foundation Charlotte, NC | $654,368,860 | $94,686,429 |
Maclellan Foundation Inc Chattanooga, TN | $225,301,353 | $34,552,415 |
The Morningstar Philanthropic Foundation Bethesda, MD | $552,631,179 | $17,887,743 |
The Frist Foundation Nashville, TN | $198,128,014 | $36,312,656 |
Danville Regional Foundation Danville, VA | $280,479,931 | $21,605,962 |
Freedom Forum Inc Laurel, MD | $0 | $16,145,029 |
The Duke Energy Foundation Charlotte, NC | $4,461,931 | $408,995 |