Herbalife Nutrtion Foundation
- Assets
- $22.2m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 01/2005
- Data as of
- 12/2021
- EIN
- 51-0523266
Organization Overview
Herbalife Nutrtion Foundation is located in Los Angeles, CA. The organization was established in 2005. 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. Herbalife Nutrtion 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, Herbalife Nutrtion Foundation generated $8.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $5.8m during the year ending 12/2021. While expenses have increased by 4.2% per year over the past 7 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 2014, Herbalife Nutrtion Foundation has awarded 200 individual grants totaling $8,792,651. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE LIVES OF CHILDREN AND COMMUNITIES AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR 2021, HERBALIFE NUTRITION FOUNDATION (HNF) GAVE ANNUAL GRANTS OF $4.74M TO 167 NON-PROFIT ORGANIZATIONS IN 59 COUNTRIES AROUND THE WORLD TO HELP OVER 216,000 CHILDREN RECEIVE OVER 9 MILLION MEALS!38% OF THE ORGANIZATIONS HNF SUPPORTS ARE ORPHANAGES, 22% ARE COMMUNITY CENTERS, 12% ARE AFTER SCHOOL CENTERS, AND THE REST ARE COMMUNITY IMPROVEMENT ORGANIZATIONS, ELEMENTARY/SECONDARY SCHOOLS, HOMELESS SHELTERS, HOSPICES, HOSPITALS, PRESCHOOLS, AND WOMEN'S SHELTERS.$2.6M OF HNF'S GRANTS WENT FOR FOOD SUBSIDY, $845K FOR NUTRITION STAFF, $317K FOR NUTRITION EDUCATION, AND THE REST FOR CAPITAL SUPPORT, GENERAL OPERATING, KITCHEN RENOVATIONS, AND OTHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Wang Secretary | OfficerTrustee | 0.3 | $0 |
Desmond Walsh Chairman | OfficerTrustee | 0.4 | $0 |
Richard Caloca Treasurer | OfficerTrustee | 0.7 | $0 |
Alan Hoffman President | OfficerTrustee | 1.5 | $0 |
Dr John Agwunobi Vice President | OfficerTrustee | 0.4 | $0 |
Jenny Perez Executive Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $391,631 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,298,304 |
| Noncash contributions included in lines 1a–1f | $10,298 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,689,935 |
| Total Program Service Revenue | $0 |
| Investment income | $251,982 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $150,211 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,092,128 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,778,767 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,733,834 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $57,801 |
| Fees for services: Other | $31,308 |
| Advertising and promotion | $1,125 |
| Office expenses | $68,253 |
| Information technology | $144,234 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,520 |
| All other expenses | $3,192 |
| Total functional expenses | $5,830,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,163 |
| Savings and temporary cash investments | $10,802,065 |
| Pledges and grants receivable | $1,459,133 |
| Accounts receivable, net | $253,720 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $97,441 |
| Prepaid expenses and deferred charges | $171,535 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,278,614 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,730 |
| Total assets | $22,239,401 |
| Accounts payable and accrued expenses | $9,341 |
| Grants payable | $353,369 |
| Deferred revenue | $319,727 |
| 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 | $682,437 |
| Net assets without donor restrictions | $21,054,507 |
| Net assets with donor restrictions | $502,457 |
| 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 | $22,239,401 |
Grants Awarded
Over the last fiscal year, Herbalife Nutrtion Foundation has awarded $1,773,767 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: NUTRITION | $333,334 |
Washington, DC PURPOSE: NUTRITION | $90,000 |
Washington, DC PURPOSE: NUTRITION | $60,000 |
Los Angeles, CA PURPOSE: NUTRITION | $50,000 |
Oklahoma City, OK PURPOSE: NUTRITION | $50,000 |
Chicago, IL PURPOSE: NUTRITION | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Herbalife Nutrtion Foundation has recieved totaling $30,328.
| Awarding Organization | Amount |
|---|---|
Pledgeling Foundation Venice, CA PURPOSE: GENERAL | $20,505 |
Pledgeling Foundation Venice, CA PURPOSE: GENERAL | $9,327 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $496 |
Endowment Analysis
| Beg. Balance | $7,974,853 |
| Earnings | $602,852 |
| Admin Expense | $57,801 |
| Net Contributions | $1,973,300 |
| Ending Balance | $10,493,204 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Leonard And Sophie Davis Fund San Francisco, CA | $227,558,478 | $35,284,803 |
Ray And Dagmar Dolby Family Fund San Francisco, CA | $0 | $8,022,175 |
Kalmanovitz Charitable Foundation Mill Valley, CA | $9,993,294 | $9,957,898 |
Mufg Union Bank Foundation Ag Phoenix, AZ | $2,989,069 | $8,302,055 |
Fenwick Community Fund Mountain View, CA | $8,526,987 | $12,836,931 |
Colburn Music Fund Los Angeles, CA | $0 | $7,150,369 |
Marks Family Foundation Redwood City, CA | $49,983,289 | $16,693,138 |
Herbalife Nutrtion Foundation Los Angeles, CA | $22,239,401 | $8,092,128 |
Kla-Tencor Foundation Milpitas, CA | $26,702,881 | $5,233,772 |
Walter J & Betty C Zable Foundation San Diego, CA | $89,922,595 | $8,940,204 |
In-N-Out Burgers Foundation Irvine, CA | $42,997,314 | $8,211,700 |
Smidt Fam Foundation Newbury Park, CA | $69,750,078 | $4,896,207 |