Herbert Allen Foundation
- Assets
- $9.2m
- Revenue
- $1.0m
- Investments
- $4.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1995
- Data as of
- 12/2021
- 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 12/2021, Herbert Allen Foundation generated $1.0m in total revenue. All expenses for the organization totaled $5.8m during the year ending 12/2021. While expenses have increased by 75.8% per year over the past 4 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 2020, Herbert Allen Foundation has awarded 66 individual grants totaling $7,590,000. 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 | 1 | $0 | |
Bradley A Roberts Treas-Secretary | 1 | $0 | |
Howard Felson Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $989,876 |
| Interest on Savings | $615 |
| Dividends & Interest | $64,848 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$32,100 |
| Capital Gain Net Income | $692,854 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15 |
| Total Revenue | $1,023,254 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,000 |
| Total operating and administrative expenses | $19,000 |
| Contributions, gifts, grants paid | $5,780,000 |
| Total expenses and disbursements | $5,799,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,387,029 |
| 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 | $9,223,512 |
| 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 $5,780,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: UNSRESTRICTED | $5,000,000 |
ASIAN AMERICAN FOUNDATION PURPOSE: UNRESTRICTED | $250,000 |
NEW YORK PRESBYTERIAN FUND INC PURPOSE: UNRESTRICTED | $240,000 |
BROOME STREET ACADEMY CHARTER HIGH PURPOSE: UNRESTRICTED | $40,000 |
THE DOOR A CENTER FOR ALTERNATIVES PURPOSE: UNRESTRICTED | $36,000 |
Augusta, GA PURPOSE: UNRESTRICTED | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |
Verizon Foundation Basking Ridge, NJ | $26,429,657 | $21,584,016 |
Nsn Foundation Inc Roseland, NJ | $55,407,565 | $72,760,212 |
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |
Massmutual Foundation Inc Springfield, MA | $16,295,000 | $8,380,000 |
Brooklyn Community Foundation Brooklyn, NY | $117,862,940 | $42,787,989 |
The@macmillan Family Foundation Inc New York, NY | $313,323,783 | $55,336,840 |
Foundation For Opioid Response Efforts New York, NY | $121,364,686 | $9,522,193 |
Friends Of Ahavat Shalom Inc Monsey, NY | $3,129,424 | $10,586,531 |
Barnett & Annalee Newman Foundation Tr New York, NY | $11,118,262 | $1,105,539 |
Zimmer Family Foundation Inc Saddle River, NJ | $21,093,817 | $10,817,000 |
Lone Pine Foundation Inc Greenwich, CT | $70,601,962 | $14,308,044 |