Herb Block Foundation
- Assets
- $44.3m
- Revenue
- $808.2k
- Investments
- $43.6m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 03/2002
- Data as of
- 09/2023
- EIN
- 26-0008276
Organization Overview
Herb Block Foundation is located in Washington, DC. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Herb Block 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 09/2023, Herb Block Foundation generated $808.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $3.2m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Meszoly Treasurer | 1 | $0 | |
Marcela Brane Co-President | 40 | $150,519 | |
Sarah Alex Co-President | 40 | $148,262 | |
Athelia Knight Director | 0.5 | $0 | |
Jane Asher Director | 0.5 | $0 | |
Jill Stanley Chairman Until 9/19/23 | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates Llc | 9/29/23 | $105,524 |
International Scholarship | 9/29/23 | $537,265 |
Razme Design Inc | 9/29/23 | $106,117 |
Cambridge Associates Llc | 9/29/23 | $0 |
International Scholarship | 9/29/23 | $0 |
Razme Design Inc | 9/29/23 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,523 |
| Dividends & Interest | $775,564 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,220 |
| Capital Gain Net Income | $13,220 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,895 |
| Total Revenue | $808,202 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $298,781 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $33,029 |
| Interest | $0 |
| Taxes | $87,644 |
| Depreciation | $66,897 |
| Occupancy | $20,147 |
| Travel, conferences, and meetings | $11,259 |
| Printing and publications | $9,118 |
| Other expenses | $778,300 |
| Total operating and administrative expenses | $1,677,072 |
| Contributions, gifts, grants paid | $1,545,000 |
| Total expenses and disbursements | $3,222,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,925 |
| Savings and temporary cash investments | $95,551 |
| 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 | $43,592,655 |
| Net Land, buildings, and equipment | $167,535 |
| Other assets | $484,563 |
| Total assets | $44,345,229 |
| 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 | $2,105 |
| Total liabilities | $2,105 |