Ben B And Joyce E Eisenberg Foundation
- Assets
- $53.0m
- Revenue
- $34.2m
- Investments
- $46.8m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 06/1986
- Data as of
- 05/2023
- EIN
- 99-0246427
Organization Overview
Ben B And Joyce E Eisenberg Foundation is located in Los Angeles, CA. The organization was established in 1986. 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. Ben B And Joyce E Eisenberg 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 05/2023, Ben B And Joyce E Eisenberg Foundation generated $34.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.5% each year . All expenses for the organization totaled $5.7m during the year ending 05/2023. While expenses have increased by 5.0% per year over the past 7 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce Eisenberg-Keefer Pres./dir. | 40 | $400,000 | |
Andrew Spitzer Director | 10 | $0 | |
Nicholas Thacker CFO | 0 | $0 | |
Norma Bilchek Director | 0.25 | $0 | |
Ethan Eller Ex CFO | 0 | $300,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ethan Eller | 5/30/23 | $277,500 |
First Republic Bank | 5/30/23 | $236,231 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,750 |
| Dividends & Interest | $1,076,245 |
| Net Rental Income | $137,644 |
| Net Gain on Sale of Assets | $30,909,555 |
| Capital Gain Net Income | $30,909,555 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,955,857 |
| Total Revenue | $34,181,746 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $708,751 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $49,823 |
| Depreciation | $61,031 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $100,823 |
| Printing and publications | $0 |
| Other expenses | $320,453 |
| Total operating and administrative expenses | $1,291,309 |
| Contributions, gifts, grants paid | $4,415,940 |
| Total expenses and disbursements | $5,707,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,673 |
| Savings and temporary cash investments | $2,107,214 |
| 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 | $47,600 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,916,512 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,000,003 |
| Total assets | $53,013,462 |
| Accounts payable and accrued expenses | $549 |
| 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 | $549 |