Weissberg Foundation
- Assets
- $16.1m
- Revenue
- $3.3m
- Investments
- $12.8m
- Employees
- 0
- Location
- Mclean, VA
- Founding
- 03/1990
- Data as of
- 12/2021
- EIN
- 54-1475954
Organization Overview
Weissberg Foundation is located in Mclean, VA. The organization was established in 1990. 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. Weissberg 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, Weissberg Foundation generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Weissberg Foundation has awarded 531 individual grants totaling $20,034,317. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
EQUITABLE JUSTICE CONVENING - SEPTEMBER 2019 - EXPENSES INCLUDE BRINGING IN A TRAINER/FACILITATOR AS WELL AS FOOD, EQUIPMENT, TRAVEL EXPENSES, AND SUPPLIES.
THEATER GRANTEE CONVENING - JULY 2019- EXPENSES INCLUDE EVALUATION CONSULTANT FROM HILLOMBO BROUGHT IN TO WORK WITH THE FOUNDATION AND THEATER GRANTEES ON EVALUATING THE DIVERSITY IN THEATER INITIATIVE, FOOD, EQUIPMENT, AND SUPPLIES.
THEATER GRANTEE CONVENING - MARCH 2019- EXPENSES INCLUDE FOOD, EQUIPMENT, AND SUPPLIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamara Copeland Trustee | 3 | $27,000 | |
Rachel Martin Trustee | 1 | $2,000 | |
Courtney Morris Trustee | 3 | $2,000 | |
Edward Jones Trustee (started During 2020) | 3 | $2,000 | |
Marvin F Weissberg President (deceased 2021) | 3 | $0 | |
Wesley Weissberg Chairperson | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500 |
| Interest on Savings | $4,943 |
| Dividends & Interest | $178,722 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,398,270 |
| Capital Gain Net Income | $2,398,270 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $695,854 |
| Total Revenue | $3,278,289 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $33,000 |
| Other employee salaries and wages | $172,680 |
| Pension plans, employee benefits | $33,964 |
| Interest | $0 |
| Taxes | $25,730 |
| Depreciation | $0 |
| Occupancy | $51,140 |
| Travel, conferences, and meetings | $3,448 |
| Printing and publications | $0 |
| Other expenses | $59,432 |
| Total operating and administrative expenses | $631,412 |
| Contributions, gifts, grants paid | $1,703,000 |
| Total expenses and disbursements | $2,334,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,757 |
| Savings and temporary cash investments | $3,130,550 |
| 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 | $10,475,077 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,073,148 |
| 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, Weissberg Foundation has awarded $3,683,000 in support to 104 organizations.
| Grant Recipient | Amount |
|---|---|
Beloit, WI PURPOSE: GENERAL OPERATING SUPPORT | $400,000 |
Beloit, WI PURPOSE: GENERAL OPERATING SUPPORT | $400,000 |
Washington, DC PURPOSE: GENERAL OPERATING SUPPORT | $200,000 |
ILLUMINATIVE VIA NEW VENTURE FUND PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Washington, DC PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Richmond, VA PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Weissberg Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Hill Snowdon Foundation Washington, DC PURPOSE: PROJECT OR PROGRAM SUPPORT | $5,000 |
Eugene & Agnes E Meyer Foundation Washington, DC PURPOSE: TO SUPPORT RESEARCH ON COMMUNITY ORGANIZING IN GREATER WASHINGTON REGION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Claude And Betty Harris Foundation Inc Louisville, KY | $58,528,117 | $25,952,323 |
P H P Inc Hopkinsville, KY | $1,933,207 | $15,725,161 |