Herbert Allen Foundation
- Assets
- $8.9m
- Revenue
- $131.9k
- Investments
- $4.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1995
- Data as of
- 12/2022
- EIN
- 13-3791176
Organization Overview
Herbert Allen Foundation is located in New York, NY. The organization was established in 1995. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Herbert Allen 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, Herbert Allen Foundation generated $131.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.4%) each year. All expenses for the organization totaled $490.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (14.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Herbert Allen Foundation has awarded 58 individual grants totaling $7,170,000. 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 |
|---|---|---|---|
Herbert A Allen III President; Director | 1 | $0 | |
Bradley A Roberts Treas-Secretary; Director | 1 | $0 | |
Isaac Keschner Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $58,936 |
| Dividends & Interest | $72,988 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $131,924 |
| 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 | $5,193 |
| Total operating and administrative expenses | $5,193 |
| Contributions, gifts, grants paid | $485,000 |
| Total expenses and disbursements | $490,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,028,760 |
| 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 | $8,865,243 |
| 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, Herbert Allen Foundation has awarded $485,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
NEW YORK PRESBYTERIAN FUND INC PURPOSE: UNRESTRICTED | $240,000 |
CENTER FOR TRANSFORMATIVE ACTION PURPOSE: UNRESTRICTED | $15,000 |
THE DOOR A CENTER FOR ALTERNATIVES PURPOSE: UNRESTRICTED | $36,000 |
LEWIN FUND TO FIGHT WOMENS CANCERS PURPOSE: UNRESTRICTED | $17,000 |
THE FRESH AIR FUND PURPOSE: UNRESTRICTED | $17,000 |
NEW YORK TIMES NEEDIEST CASES FUND PURPOSE: UNRESTRICTED | $17,000 |