Robin Hood Foundation
- Assets
- $351.9m
- Revenue
- $139.8m
- Investments
- $165.9m
- Employees
- 162
- Location
- New York, NY
- Founding
- 04/1989
- Data as of
- 12/2021
- EIN
- 13-3441066
Organization Overview
Robin Hood Foundation is located in New York, NY. The organization was established in 1989. 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 12/2021, Robin Hood Foundation employed 162 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robin Hood 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, Robin Hood Foundation generated $139.8m 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 (3.9%) each year. All expenses for the organization totaled $205.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Robin Hood Foundation has awarded 2,362 individual grants totaling $1,188,087,656. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ROBIN HOOD SUPPORTS THE MOST EFFECTIVE POVERTY-FIGHTING PROGRAMS IN NYC.
Describe the Organization's Program Activity:
SEE DESCRIPTION OF CORE GRANT MAKING IN SCHEDULE O.
SEE DESCRIPTION OF RELIEF GRANT MAKING IN SCHEDULE O.
SEE DESCRIPTION OF MANAGEMENT ASSISTANCE IN SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wes Moore Thru 072021 CEO / Non-Voting Director | OfficerTrustee | 60 | $611,234 |
Derek Ferguson Thru 092021 Chief Operating Officer | Officer | 60 | $571,314 |
Kristine Sudano Thru 022021 Chief Development Officer | Officer | 60 | $456,193 |
Sheila Kelly Thru 112021 Chief Advancement Officer | Officer | 60 | $424,895 |
Emary Aronson Chief Knowledge Officer | Officer | 60 | $421,260 |
Susan Sack Md, Real Estate | 60 | $362,688 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nimblist Llc Event Production | 12/30/21 | $1,171,434 |
David Stark Inc Design Consultant | 12/30/21 | $1,450,426 |
Jonas Brothers Touring Llc Musical Performance (Gala) | 12/30/21 | $1,166,653 |
Hudson Yard Catering Llc Catering | 12/30/21 | $527,491 |
Theatrical Resources Llc Event Staging Service | 12/30/21 | $504,251 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $35,561,881 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $111,242,186 |
| Noncash contributions included in lines 1a–1f | $26,504,732 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,804,067 |
| Total Program Service Revenue | $0 |
| Investment income | $132,155 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,951,575 |
| Net Income from Fundraising Events | -$13,121,659 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $139,766,138 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $171,935,945 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,553,982 |
| Compensation of current officers, directors, key employees. | $784,374 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,562,405 |
| Pension plan accruals and contributions | $1,597,689 |
| Other employee benefits | $2,435,132 |
| Payroll taxes | $976,502 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $138,768 |
| Fees for services: Accounting | $142,402 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $15,000 |
| Fees for services: Investment Management | $222,500 |
| Fees for services: Other | $4,346,351 |
| Advertising and promotion | $0 |
| Office expenses | $361,832 |
| Information technology | $998,725 |
| Royalties | $0 |
| Occupancy | $2,333,415 |
| Travel | $38,421 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,779 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $447,240 |
| Insurance | $327,309 |
| All other expenses | $0 |
| Total functional expenses | $205,099,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $45,009,121 |
| Pledges and grants receivable | $44,826,752 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,000,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $610,709 |
| Net Land, buildings, and equipment | $1,736,461 |
| Investments—publicly traded securities | $82,513,976 |
| Investments—other securities | $165,932,881 |
| Investments—program-related | $2,237,338 |
| Intangible assets | $0 |
| Other assets | $5,014,261 |
| Total assets | $351,881,499 |
| Accounts payable and accrued expenses | $9,333,780 |
| Grants payable | $84,863,785 |
| Deferred revenue | $1,515,026 |
| 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 | $95,712,591 |
| Net assets without donor restrictions | $174,733,759 |
| Net assets with donor restrictions | $81,435,149 |
| 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 | $351,881,499 |
Grants Awarded
Over the last fiscal year, Robin Hood Foundation has awarded $168,934,959 in support to 398 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: POVERTY RELIEF | $3,595,000 |
Bronx, NY PURPOSE: POVERTY RELIEF | $2,744,000 |
New York, NY PURPOSE: POVERTY RELIEF | $2,715,800 |
New York, NY PURPOSE: POVERTY RELIEF | $2,520,020 |
New York, NY PURPOSE: POVERTY RELIEF | $2,520,000 |
New York, NY PURPOSE: POVERTY RELIEF | $2,500,776 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Robin Hood Foundation has recieved totaling $3,210,000.
| Awarding Organization | Amount |
|---|---|
Corabelle Lumps Foundation Princeton, NJ PURPOSE: PHILANTHROPIC | $3,000,000 |
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $100,000 |
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $100,000 |
Tom And Kathy Freston Foundation New York, NY PURPOSE: GENERAL | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Communal Fund New York, NY | $2,570,099,815 | $934,013,721 |
Bank Of America Charitable Gift Fund Boston, MA | $2,364,761,741 | $837,703,273 |
The Jewish Federations Of North America Inc New York, NY | $282,120,416 | $264,865,615 |
United Jewish Appeal Federation Of Jewish Philanthropies Of Ny Inc New York, NY | $1,420,472,000 | $239,679,000 |
Combined Jewish Philanthropies Of Greater Boston Inc Boston, MA | $1,695,752,334 | $218,872,687 |
Robin Hood Foundation New York, NY | $351,881,499 | $139,766,138 |
P E F Israel Endowment Funds Inc New York, NY | $176,286,241 | $178,783,628 |
United Way Of New York City New York, NY | $40,512,646 | $61,047,819 |
United Way Of Massachusetts Bay Inc Boston, MA | $61,459,192 | $54,248,060 |
Childrens Rescue Fund Bronx, NY | $24,029,170 | $53,044,030 |
Jewish Federation Of Greater Philadelphia Philadelphia, PA | $424,827,168 | $56,076,653 |
Masonic Charity Foundation Of New Jersey Burlington, NJ | $172,221,934 | $43,314,018 |