The Herb Alpert Foundation
- Assets
- $16.3m
- Revenue
- $6.1m
- Investments
- $2.9m
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- 03/1993
- Data as of
- 12/2019
- EIN
- 95-4191227
Organization Overview
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.
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Board, Officers & Key Employees
| 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 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
David Bryan | 12/30/19 | $138,600 |
C4 Global Communications Inc | 12/30/19 | $65,765 |
Financial Statements
| 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 |
Grants Awarded
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 |
Peer Organizations
| 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 |