Herb Ritts Jr Foundation
- Assets
- $0.0
- Revenue
- $789.1k
- Investments
- $8.7m
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 04/2005
- Data as of
- 12/2020
- EIN
- 81-0593759
Organization Overview
Herb Ritts Jr Foundation is located in Beverly Hills, CA. The organization was established in 2005. 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 Ritts Jr 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, Herb Ritts Jr Foundation generated $789.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $1.2m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Herb Ritts Jr Foundation has awarded 208 individual grants totaling $4,669,122. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Mckenna Executive Director | 40 | $150,000 | |
Erik Hyman Director | 2 | $0 | |
Warren Grant Director | 5 | $0 | |
Richard Gere Director | 2 | $0 | |
Steve Fink Director | 2 | $0 | |
Stephen Huvane Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $284,562 |
| Profit on Inventory Sales | $238,746 |
| Other Income | $63,894 |
| Total Revenue | $789,112 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $167,204 |
| Pension plans, employee benefits | $0 |
| Depreciation | $5,822 |
| Occupancy | $78,936 |
| Travel, conferences, and meetings | $11,588 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $724,489 |
| Contributions, gifts, grants paid | $481,720 |
| Total expenses and disbursements | $1,206,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,810 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,424,240 |
| Other assets | $17,989,182 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Herb Ritts Jr Foundation has awarded $479,160 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: UNRESTRICTED DONATION FOR DONEE'S EXEMPT PURPOSE | $150,000 |
AMFAR PURPOSE: UNRESTRICTED DONATION FOR DONEE'S EXEMPT PURPOSE | $65,000 |
UCLA (CASH) PURPOSE: UNRESTRICTED DONATION FOR DONEE'S EXEMPT PURPOSE | $50,000 |
LAS FOTOS (CASH) PURPOSE: UNRESTRICTED DONATION FOR DONEE'S EXEMPT PURPOSE | $35,000 |
LACC PURPOSE: UNRESTRICTED DONATION FOR DONEE'S EXEMPT PURPOSE | $27,310 |
AIDS MONUMENT PURPOSE: UNRESTRICTED DONATION FOR DONEE'S EXEMPT PURPOSE | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The 1440 Foundation Saratoga, CA | $206,653,487 | $19,808,457 |
Merkin Family Foundation Marina Del Rey, CA | $241,752,328 | $31,870,945 |
Hopper-Dean Foundation Menlo Park, CA | $45,438,431 | $29,723,797 |
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Connie And Bob Lurie Foundation Inc Redwood City, CA | $112,597,495 | $25,457,180 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Meadowview Foundation San Rafael, CA | $189,484,174 | $15,305,967 |
Pwb Foundation San Francisco, CA | $347,304,916 | $12,423,770 |
Jeffrey Carlton Charitable Foundation Udt Dated April 10 2009 Villa Park, CA | $0 | $7,778,728 |
Autodesk Foundation San Francisco, CA | $47,337 | $16,300,000 |
Priem Family Foundation Burlingame, CA | $0 | -$4,034,198 |