Hernan Lopez Family Foundation
- Assets
- $8.5m
- Revenue
- $1.3m
- Investments
- $8.2m
- Employees
- 0
- Location
- West Hollywood, CA
- Founding
- Data as of
- 09/2023
- EIN
- 85-3673801
Organization Overview
Hernan Lopez Family Foundation is located in West Hollywood, CA. 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. Hernan Lopez Family 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 09/2023, Hernan Lopez Family Foundation generated $1.3m 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 (49.1%) each year. All expenses for the organization totaled $386.0k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Hernan Lopez Family Foundation has awarded 22 individual grants totaling $1,653,582. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
HERNAN LOPEZ FAMILY FOUNDATION OPERATES A FELLOWSHIP PROGRAM DESIGNED TO HELP UNDER-REPRESENTED INDIVIDUALS SELECTED FROM ELIGIBLE APPLICANTS ACHIEVE THEIR CAREER GOALS. THE PROGRAM PAYS FOR PROFESSIONAL DEVELOPMENT AND EXECUTIVE LEVEL TRAINING TO HELP PREPARE FOR CAREER ADVANCEMENT OPPORTUNITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hernan Lopez Chairman & Director | 10 | $0 | |
Scott Velasquez Director | 1 | $0 | |
Andrea Link Secretary & Treasurer | 0.5 | $0 | |
Sharon Tal Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $105,994 |
| Dividends & Interest | $78,549 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,075,423 |
| Capital Gain Net Income | $1,075,423 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1 |
| Total Revenue | $1,259,967 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $24,257 |
| Pension plans, employee benefits | $0 |
| Interest | $6,354 |
| Taxes | $17,775 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $280 |
| Other expenses | $167,549 |
| Total operating and administrative expenses | $233,465 |
| Contributions, gifts, grants paid | $152,537 |
| Total expenses and disbursements | $386,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,343 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,468,206 |
| 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 | $11,967 |
| Total liabilities | $11,967 |
Grants Awarded
Over the last fiscal year, Hernan Lopez Family Foundation has awarded $177,537 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
THE OPPORTUNITY NETWORK PURPOSE: GENERAL | $35,000 |
GLAAD PURPOSE: GENERAL | $40,000 |
ENDEAVOR PURPOSE: GENERAL | $25,000 |
POINT FOUNDATION PURPOSE: GENERAL | $25,000 |
CITY YEAR INC PURPOSE: GENERAL | $25,000 |
STARTOUT PURPOSE: GENERAL | $5,000 |