Larry L Hillblom Foundation Inc
- Assets
- $157.0m
- Revenue
- $9.3m
- Investments
- $138.7m
- Employees
- 0
- Location
- Petaluma, CA
- Founding
- 11/1997
- Data as of
- 12/2020
- EIN
- 94-3241600
Organization Overview
Larry L Hillblom Foundation Inc is located in Petaluma, CA. The organization was established in 1997. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Larry L Hillblom 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 12/2020, Larry L Hillblom Foundation Inc generated $9.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $7.7m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Larry L Hillblom Foundation Inc has awarded 130 individual grants totaling $32,269,773. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE FOUNDATION IS TO SUPPORT MEDICAL RESEARCH IN THE AREAS OF DIABETES AND AGING. GRANT RECIPIENTS ARE SELECTED BASED UPON THIS CRITERIA IN FURTHERANCE OF THE ORGANIZATION'S EXEMPT PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David R Jones CFO | 40 | $187,250 | |
Peter J Donnici President & CEO | 32.5 | $141,250 | |
Grant A Anderson Vice President | 27.5 | $116,250 | |
Terry C Hillblom COO | 27.5 | $94,687 | |
Stephen J Schwartz Vice President | 20 | $57,625 | |
Janice Quistad Director | 7 | $34,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crewcial Partners Llc | 12/30/21 | $201,494 |
Sands Capital Management | 12/30/21 | $131,949 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $237 |
| Dividends & Interest | $786,915 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,333,418 |
| Capital Gain Net Income | $8,681,192 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,135,349 |
| Total Revenue | $9,255,919 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $821,450 |
| Other employee salaries and wages | $163,090 |
| Pension plans, employee benefits | $188,698 |
| Interest | $0 |
| Taxes | $398,318 |
| Depreciation | $1,102 |
| Occupancy | $110,043 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $89,079 |
| Total operating and administrative expenses | $2,227,853 |
| Contributions, gifts, grants paid | $5,497,487 |
| Total expenses and disbursements | $7,725,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,389 |
| Savings and temporary cash investments | $200,056 |
| 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 | $6,693 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $28,937,327 |
| Net Land, buildings, and equipment | $14,706 |
| Other assets | $18,044,230 |
| Total assets | $157,022,260 |
| Accounts payable and accrued expenses | $66,270 |
| Grants payable | $10,600,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $671,715 |
| Total liabilities | $11,337,985 |
Grants Awarded
Over the last fiscal year, Larry L Hillblom Foundation Inc has awarded $16,437,286 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
REGENTS UNIVERSITY OF CALIF CO USCF PURPOSE: GENERAL SUPPORT | $2,735,000 |
REGENTS UNIVERSITY OF CALIF PURPOSE: GENERAL SUPPORT | $2,057,253 |
La Jolla, CA PURPOSE: GENERAL SUPPORT | $1,930,000 |
REGENTS UNIVERSITY OF CALIF CO UCSD PURPOSE: GENERAL SUPPORT | $1,630,000 |
REGENTS UNIVERSITY OF CALIF CO UCLA PURPOSE: GENERAL SUPPORT | $1,080,000 |
REGENTS UNIVERSITY OF CALIF PURPOSE: GENERAL SUPPORT | $740,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Research Corporation Tucson, AZ | $242,008,144 | $26,138,153 |
Southwest Autism Research And Resource Center Phoenix, AZ | $18,925,029 | $16,667,407 |
Conard House Inc San Francisco, CA | $5,907,710 | $14,988,369 |
Hopelab Foundation Inc San Francisco, CA | $32,085,472 | $14,961,821 |
Multidisciplinary Association For Psychedelic Studies San Jose, CA | $92,188,866 | $23,580,425 |
Glenn Foundation For Medical Research Inc Phoenix, AZ | $192,520,690 | $23,653,368 |
Hmsa Foundation Honolulu, HI | $18,488,325 | $337,265 |
Larry L Hillblom Foundation Inc Petaluma, CA | $157,022,260 | $9,255,919 |
Arastradero Research Institute Palo Alto, CA | $86,734,431 | $15,446,292 |
Center For Applied Rationality Berkeley, CA | $4,444,483 | $4,525,208 |
National Community Health Partners Sahuarita, AZ | $263,343 | $3,493,424 |
Pacific Health Research And Education Institute Honolulu, HI | $1,082,552 | $2,379,832 |