The Amgen Foundation Inc
- Assets
- $104.2m
- Revenue
- $17.1m
- Investments
- $79.1m
- Employees
- 0
- Location
- Newbury Park, CA
- Founding
- 07/1990
- Data as of
- 12/2021
- EIN
- 77-0252898
Organization Overview
The Amgen Foundation Inc is located in Newbury Park, CA. 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. Amgen Foundation Inc 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, Amgen Foundation Inc generated $17.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $14.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 4 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 |
|---|---|---|---|
Eduardo Cetlin President | 16 | $0 | |
Justin Claeys Treasurer | 1 | $0 | |
Scott Heimlich Vice President | 32 | $0 | |
Ann Hyllengren CFO | 1 | $0 | |
Dennis Yai Secretary | 1 | $0 | |
Jim Loper Jr Asst. Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Daniel J Edelman Inc | 12/30/21 | $299,562 |
Dws Inv Mgmt Americas Inc | 12/30/21 | $176,386 |
Substance International | 12/30/21 | $170,746 |
Cybergrants Llc | 12/30/21 | $154,941 |
Allison & Gibb Llp | 12/30/21 | $272,092 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000,000 |
| Interest on Savings | $89,607 |
| Dividends & Interest | $3,667,971 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,359,071 |
| Capital Gain Net Income | $3,359,071 |
| Net ST Capital Gain | $3,359,071 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,907 |
| Total Revenue | $17,135,556 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $96,123 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $15,520 |
| Printing and publications | $0 |
| Other expenses | $1,237,390 |
| Total operating and administrative expenses | $1,855,814 |
| Contributions, gifts, grants paid | $12,793,137 |
| Total expenses and disbursements | $14,648,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,956,627 |
| Savings and temporary cash investments | $13,009,694 |
| 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 | $102,388 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $99 |
| Investments—other | $30,080,711 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,636 |
| Total assets | $104,203,093 |
| Accounts payable and accrued expenses | $336,351 |
| Grants payable | $11,519,319 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,685,924 |
| Total liabilities | $15,541,594 |
Grants Awarded
Over the last fiscal year, The Amgen Foundation Inc has awarded $23,329,106 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE TR ATTACHMENT 1 PURPOSE: SEE TR ATTACHMENT (1) | $12,793,137 |
SEE TR ATTACHMENT 1 PURPOSE: SEE TR ATTACHMENT (1) | $10,535,969 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |
Wayne & Gladys Valley Charitable Foundation Oakland, CA | $270,742,115 | $3,705,667 |
The Marisla Foundation Laguna Beach, CA | $26,534,095 | $36,043,209 |
Craig H Neilsen Foundation Encino, CA | $489,570,251 | $30,946,732 |
Prostate Cancer Foundation Santa Monica, CA | $62,542,873 | $53,016,750 |
L K Whittier Foundation Pasadena, CA | $0 | $1,423,590 |
Sunlight Giving Palo Alto, CA | $510,624,261 | $22,845,227 |
Ralph M Parsons Foundation Los Angeles, CA | $469,540,445 | $59,827,202 |
Aramont Charitable Foundation Los Angeles, CA | $20,309,665 | $851,850 |
Capital Group Companies Charitable Foundation Irvine, CA | $396,511,503 | $49,953,906 |
Vera R Campbell Foundation Los Angeles, CA | $7,174,886 | $467,590 |
Resnick Foundation Los Angeles, CA | $16,158,618 | $25,090,034 |