Hollywood Foreign Press Association
- Assets
- $56.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 108
- Location
- West Hollywood, CA
- Founding
- 11/1967
- Data as of
- 06/2022
- EIN
- 95-6191816
Organization Overview
Hollywood Foreign Press Association is located in West Hollywood, CA. The organization was established in 1967. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Hollywood Foreign Press Association employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hollywood Foreign Press Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Hollywood Foreign Press Association generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (23.5%) each year. All expenses for the organization totaled $18.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hollywood Foreign Press Association has awarded 364 individual grants totaling $35,774,425. 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
THE HOLLYWOOD FOREIGN PRESS ASSOCIATION (THE ASSOCIATION) WAS ORGANIZED TO PROMOTE THE DEVELOPMENT OF MOTION PICTURE, TELEVISION, DRAMATIC, MUSICAL AND COMEDY THEATER, AND AUDIO VISUAL RECORDING ART FORMS. THE ASSOCIATION IS A BUSINESS LEAGUE OF JOURNALISTS AND PHOTOGRAPHERS COVERING THE ENTERTAINMENT INDUSTRY FOR FOREIGN PUBLICATIONS. THE PRESS CONFERENCES HOSTED BY THE ASSOCIATION HELP STIMULATE AND PROMOTE INTEREST IN THE MOTION PICTURE, TELEVISION, THEATRICAL ARTS AND VISUAL RECORDING ART INDUSTRIES IN THE UNITED STATES AND ABROAD. THE ASSOCIATION ANNUALLY SPONSORS THE GOLDEN GLOBE AWARDS WHICH RECOGNIZE OUTSTANDING ACHIEVEMENT IN THE FIELDS OF MOTION PICTURES, THEATER, TELEVISION, AND THE VISUAL AND RECORDING ARTS. THE PUBLICITY GENERATED BY THIS INTERNATIONALLY RECOGNIZED AWARDS PROGRAM PROMOTES SUCH FIELDS OF ENDEAVOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECOGNIZE OUTSTANDING ACHIEVEMENTS BY CONFERRING ANNUAL AWARDS OF MERIT (GOLDEN GLOBE AWARDS).
ESTABLISH FAVORABLE RELATIONS AND CULTURAL TIES BETWEEN FOREIGN COUNTRIES AND THE USA BY THE DISSEMINATION OF INFORMATION CONCERNING THE AMERICAN CULTURE AND TRADITIONS AS DEPICTED IN MOTION PICTURES AND TELEVISION.
CONTRIBUTE TO OTHER NONPROFIT ORGANIZATIONS CONNECTED WITH THE ENTERTAINMENT INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Boehly Interim CEO | OfficerTrustee | 19 | $0 |
Helen Hoehne President | OfficerTrustee | 19 | $131,464 |
Neil Phillips Chief Diversity Officer | OfficerTrustee | 19 | $322,801 |
Henry Arnaud Treasurer | OfficerTrustee | 19 | $67,430 |
Adam Tanswell Executive Secretary | OfficerTrustee | 19 | $39,291 |
Barbara DE Oliveira Pinto Directors | Trustee | 18 | $36,135 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mandt Bros Productions Production Service | 6/29/22 | $2,500,000 |
Ropes & Gray Llp Legal Services | 6/29/22 | $1,315,061 |
Covington & Burling Llp Legal Services | 6/29/22 | $1,088,718 |
Houlihan Lokey Financial Advisors Inc Advisory | 6/29/22 | $955,650 |
Latham & Watkins Llp Legal Services | 6/29/22 | $780,824 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,815 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,815 |
| Total Program Service Revenue | $1,867,992 |
| Investment income | $49,442 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $175,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,105,856 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,677,760 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $375,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $660,112 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,630,482 |
| Pension plan accruals and contributions | $25,832 |
| Other employee benefits | $143,280 |
| Payroll taxes | $325,745 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,319,535 |
| Fees for services: Accounting | $87,188 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,586,942 |
| Advertising and promotion | $19,654 |
| Office expenses | $61,121 |
| Information technology | $293,259 |
| Royalties | $0 |
| Occupancy | $363,600 |
| Travel | $334,958 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $205,566 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,706 |
| Insurance | $98,707 |
| All other expenses | $523,876 |
| Total functional expenses | $17,974,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,397,422 |
| Savings and temporary cash investments | $23,742,502 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $65,853 |
| Net Land, buildings, and equipment | $24,503,830 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $566 |
| Total assets | $56,710,173 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $56,710,173 |
| Total liabilities and net assets/fund balances | $56,710,173 |
Grants Awarded
Over the last fiscal year, Hollywood Foreign Press Association has awarded $1,614,100 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AITYSH USA PURPOSE: GENERAL SUPPORT | $20,000 |
CHILDREN'S HOSPITAL LOS ANGELES PURPOSE: TREATMENT OF PEDIATRIC CANCERS | $35,000 |
CITY YEAR PURPOSE: GENERAL SUPPORT | $10,000 |
COMMITTEE TO PROTECT JOURNALISTS PURPOSE: GENERAL SUPPORT | $275,000 |
DIRECT RELIEF PURPOSE: GENERAL SUPPORT | $125,000 |
DOCTORS WITHOUT BORDERS USA PURPOSE: GENERAL SUPPORT | $125,100 |