The Herb Alpert Foundation is located in Santa Monica, CA. The organization was established in 1993. 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.
For the year ending 12/2019, Herb Alpert Foundation generated $6.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $16.8m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Herb Alpert Foundation has awarded 531 individual grants totaling $55,922,054. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rona Sebastian President | 40 | $530,000 | |
Matthew Wilder Program Officer | 40 | $140,046 | |
Nancee Enyart Executive Asst | 40 | $131,667 | |
Arnold Santos Assistant Secretary | 0 | $0 | |
Lani Hall Alpert Vice Chair. | 0 | $0 | |
Ian Wiener Secretary | 0 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
David Bryan | 12/30/19 | $138,600 |
C4 Global Communications Inc | 12/30/19 | $65,765 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $64,625 |
Interest on Savings | $259 |
Dividends & Interest | $1,244,868 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $4,739,946 |
Capital Gain Net Income | $23,246,567 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $975 |
Total Revenue | $6,050,673 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $530,000 |
Other employee salaries and wages | $271,712 |
Pension plans, employee benefits | $0 |
Interest | $159 |
Taxes | $430,992 |
Depreciation | $411 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $443,030 |
Total operating and administrative expenses | $1,718,926 |
Contributions, gifts, grants paid | $15,071,600 |
Total expenses and disbursements | $16,790,526 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $924,570 |
Savings and temporary cash investments | $12,441,190 |
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 | $16,148 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $4,949 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $1,493 |
Investments—other | $23,902 |
Net Land, buildings, and equipment | $484 |
Other assets | $0 |
Total assets | $16,298,430 |
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 | $6,443 |
Total liabilities | $6,443 |
Over the last fiscal year, The Herb Alpert Foundation has awarded $15,071,600 in support to 89 organizations.
Grant Recipient | Amount |
---|---|
THE HARLEM SCHOOL OF THE ARTS PURPOSE: CHARITABLE | $7,988,000 |
UNIVERSITY OF CALIFORNIA LA FOUNDATION PURPOSE: CHARITABLE | $2,177,770 |
Valencia, CA PURPOSE: CHARITABLE | $771,000 |
CALIFORNIA STATE SUMMER SCHOOL FOR THE ARTS PURPOSE: CHARITABLE | $390,800 |
GOOD PEOPLE FUND PURPOSE: CHARITABLE | $275,000 |
THELONIOUS MONK INSTITUTE PURPOSE: CHARITABLE | $250,000 |
Organization Name | Assets | Revenue |
---|---|---|
Virginia G Piper Charitable Trust 08-11-95 Phoenix, AZ | $0 | $20,303,134 |
The David Geffen Foundation Los Angeles, CA | $561,463,212 | $85,583,701 |
California Physicians Service Foundation San Francisco, CA | $102,893,620 | $51,076,766 |
Stupski Foundation San Francisco, CA | $238,777,806 | $15,248,358 |
Evelyn And Walter Haas Jr Fund San Francisco, CA | $462,643,905 | $31,303,039 |
Intel Foundation Hillsboro, OR | $82,014,242 | $105,153,500 |
Hellman Foundation San Francisco, CA | $599,776,982 | $80,673,426 |
Arnold And Mabel Beckman Foundation Irvine, CA | $611,277,118 | $21,295,161 |
Dunaway Foundation La Jolla, CA | $36,340,175 | $7,416,577 |
Skip Viragh Foundation Inc Reno, NV | $264,566,460 | $12,157,896 |
Ralph M Parsons Foundation Los Angeles, CA | $397,220,867 | $29,731,330 |
Sunlight Giving Palo Alto, CA | $484,237,387 | $29,821,285 |