Eugene & Agnes E Meyer Foundation
- Assets
- $244.3m
- Revenue
- $2.0m
- Investments
- $234.5m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 03/1946
- Data as of
- 12/2020
- EIN
- 53-0241716
Organization Overview
Eugene & Agnes E Meyer Foundation is located in Washington, DC. The organization was established in 1946. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Eugene & Agnes E Meyer 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 12/2020, Eugene & Agnes E Meyer Foundation generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (42.4%) each year. All expenses for the organization totaled $12.7m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Eugene & Agnes E Meyer Foundation has awarded 778 individual grants totaling $34,178,002. 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
2020
Describe the Organization's Program Activity:
WASHINGTON REGIONAL ASSOCIATION OF GRANTMAKERS - SERVING ON BOARDS/ADVISORY COMMITTEES, PROVIDING TECHNICAL ASSISTANCE
PEAK GRANTMAKING - SERVING ON BOARDS/ADVISORY COMMITTEES, PROVIDING TECHNICAL ASSISTANCE
ASIAN AMERICAN LEAD - SERVING ON BOARDS/ADVISORY COMMITTEES, PROVIDING TECHNICAL ASSISTANCE
TRINITY WASHINGTON UNIVERSITY - SERVING ON BOARDS/ADVISORY COMMITTEES, PROVIDING TECHNICAL ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janice Thomas From 6121 Interim President And CEO | 40 | $264,556 | |
Karen Fitzgerald Vp, Community Prtnrs | 40 | $183,760 | |
Nicola Goren Through 53121 President And CEO | 40 | $175,597 | |
Brandon Tutwiler Controller | 40 | $149,355 | |
Aisha Alexander VP For Strategy & Eq | 40 | $126,446 | |
Jane Robinson Ward Grants Director | 40 | $119,105 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mission Partners Llc | 12/30/21 | $162,500 |
Iron Mountain | 12/30/21 | $74,412 |
Cambridge Associates Llc | 12/30/21 | $505,681 |
Ruane Cunniff & Goldfarb | 12/30/21 | $92,785 |
Frontline Solutions | 12/30/21 | $153,184 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,790 |
| Dividends & Interest | $678,512 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,278,282 |
| Capital Gain Net Income | $11,188,112 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $39,974 |
| Total Revenue | $1,998,558 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $319,300 |
| Other employee salaries and wages | $1,765,366 |
| Pension plans, employee benefits | $547,522 |
| Interest | $0 |
| Taxes | $244,756 |
| Depreciation | $173,553 |
| Occupancy | $695,373 |
| Travel, conferences, and meetings | $2,434 |
| Printing and publications | $2,215 |
| Other expenses | $287,451 |
| Total operating and administrative expenses | $5,167,962 |
| Contributions, gifts, grants paid | $7,537,330 |
| Total expenses and disbursements | $12,705,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $402 |
| Savings and temporary cash investments | $8,949,398 |
| 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 | $8,464 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $224,884,152 |
| Net Land, buildings, and equipment | $131,211 |
| Other assets | $707,485 |
| Total assets | $244,278,987 |
| Accounts payable and accrued expenses | $202,786 |
| Grants payable | $645,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,645,758 |
| Total liabilities | $2,493,544 |
Grants Awarded
Over the last fiscal year, Eugene & Agnes E Meyer Foundation has awarded $14,254,546 in support to 212 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL KOREAN AMERICAN SERVICE AND EDUCATION CONSORTIUM PURPOSE: TO SUPPORT GENERAL OPERATIONS OF THE HAMKAE CENTER OVER THREE YEARS | $200,000 |
Washington, DC PURPOSE: TO SUPPORT GENERAL OPERATIONS OVER THREE YEARS | $200,000 |
Washington, DC PURPOSE: TO SUPPORT GENERAL OPERATIONS OVER THREE YEARS | $200,000 |
Silver Spring, MD PURPOSE: TO SUPPORT GENERAL OPERATIONS OVER THREE YEARS | $200,000 |
Washington, DC PURPOSE: TO SUPPORT GENERAL OPERATIONS OVER THREE YEARS | $200,000 |
Washington, DC PURPOSE: TO SUPPORT LET'S GO DMV! | $200,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Eugene & Agnes E Meyer Foundation has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Horning Family Foundation Washington, DC PURPOSE: GRANT FOR COVID RESPONSE FUND | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |
The Morningstar Philanthropic Foundation Bethesda, MD | $552,631,179 | $17,887,743 |
Danville Regional Foundation Danville, VA | $280,479,931 | $21,605,962 |
Freedom Forum Inc Laurel, MD | $0 | $16,145,029 |
Gottesman Fund Washington, DC | $264,170,808 | -$2,596,565 |
Public Welfare Foundation Inc Washington, DC | $0 | $41,854,063 |
The Quetzal Trust Washington, DC | $401,867,494 | $38,153,664 |
Dominion Energy Charitable Foundation Richmond, VA | $8,697,577 | $22,767,860 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |