Kenneth T And Eileen L Norris Foundation
- Assets
- $111.3m
- Revenue
- $18.4m
- Investments
- $107.5m
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 01/1965
- Data as of
- 11/2022
- EIN
- 95-6080374
Organization Overview
Kenneth T And Eileen L Norris Foundation is located in Long Beach, CA. The organization was established in 1965. 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. Kenneth T And Eileen L Norris 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 11/2022, Kenneth T And Eileen L Norris Foundation generated $18.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 33.5% each year . All expenses for the organization totaled $15.3m during the year ending 11/2022. While expenses have increased by 11.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Kenneth T And Eileen L Norris Foundation has awarded 989 individual grants totaling $54,189,200. 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 |
|---|---|---|---|
Walter Zanino Trustee & Executive Direct | 35 | $10,000 | |
Brooks Norris Trustee | 5 | $10,000 | |
James Martin Trustee | 5 | $10,000 | |
Lisa Hansen Trustee & Chairman | 5 | $10,000 | |
Bradley K Norris Trustee | 5 | $10,000 | |
Kimberley Presley Trustee | 5 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $130,492 |
| Dividends & Interest | $5,709,184 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,593,404 |
| Capital Gain Net Income | $12,593,404 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,433,080 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,000 |
| Other employee salaries and wages | $1,250 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $247,963 |
| Depreciation | $0 |
| Occupancy | $25,802 |
| Travel, conferences, and meetings | $13,368 |
| Printing and publications | $0 |
| Other expenses | $1,468,471 |
| Total operating and administrative expenses | $2,103,554 |
| Contributions, gifts, grants paid | $13,179,000 |
| Total expenses and disbursements | $15,282,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $297,351 |
| Savings and temporary cash investments | $3,507,036 |
| 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 | $62,359 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $74,901,469 |
| Net Land, buildings, and equipment | $754 |
| Other assets | $2,071 |
| Total assets | $111,335,469 |
| Accounts payable and accrued expenses | $14,126,699 |
| 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 | $0 |
| Total liabilities | $14,126,699 |
Grants Awarded
Over the last fiscal year, Kenneth T And Eileen L Norris Foundation has awarded $13,179,000 in support to 184 organizations.
| Grant Recipient | Amount |
|---|---|
USCNORRIS COMPREHENSIVE CANCER CENTER - NORRIS HEALTHCARE CONSULTATION CENT PURPOSE: NORRIS HEALTHCARE CONSULTATION CENTER10 YEAR PLEDGE | $1,500,000 |
Duarte, CA PURPOSE: TGF-RESISTANT CAR-T THERAPY FOR GLIOBLASTOMA AND PRECISION MEDICINE AND PREVENTION THROUGH FAMILY HISTORY | $750,000 |
Torrance, CA PURPOSE: INTENSIVIST PHYSICIANS PROVIDING CRITICAL CARE | $750,000 |
Los Angeles, CA PURPOSE: NORRIS HALL OF CHEMISTRY REMODEL | $500,000 |
Los Angeles, CA PURPOSE: PEDIATRIC CANCER IMMUNOTHERAPY RESEARCH PROGRAM | $500,000 |
Rolling Hills Estates, CA PURPOSE: PALOS VERDES PERFORMING ARTS MISSION | $475,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |
Wayne & Gladys Valley Charitable Foundation Oakland, CA | $270,742,115 | $3,705,667 |
The Marisla Foundation Laguna Beach, CA | $26,534,095 | $36,043,209 |
Craig H Neilsen Foundation Encino, CA | $489,570,251 | $30,946,732 |
Prostate Cancer Foundation Santa Monica, CA | $62,542,873 | $53,016,750 |
L K Whittier Foundation Pasadena, CA | $0 | $1,423,590 |
Sunlight Giving Palo Alto, CA | $510,624,261 | $22,845,227 |
Ralph M Parsons Foundation Los Angeles, CA | $469,540,445 | $59,827,202 |
Aramont Charitable Foundation Los Angeles, CA | $20,309,665 | $851,850 |
Capital Group Companies Charitable Foundation Irvine, CA | $396,511,503 | $49,953,906 |
Vera R Campbell Foundation Los Angeles, CA | $7,174,886 | $467,590 |
Resnick Foundation Los Angeles, CA | $16,158,618 | $25,090,034 |