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Herbert O Wolfe Foundation INC EIN 11-6012915

Herbert O Wolfe Foundation INC

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A private foundation based in Belmont, MA. It reported about $49K in revenue for 2024. For fiscal year 2025 it reported $49K in revenue, $124K in expenses, and $17K in net assets.Pt I

Type
Private foundation / grantmaker · Nonprofit
Location
Belmont, MA
Filings
6 on file (2020–2025)
Revenue
$49KFY2025
Expenses
$124K
Net assets
$17K
People
6
Filings
6
Updates
0
More identity details & actions ⌄
EIN  11-6012915 Private foundation / grantmaker Belmont, MA
Form 990 (PDF)
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Size
<$100K
What they do
A private foundation based in Belmont, MA. It reported about $49K in revenue for 2024.
Leadership
Louise Wolfe · President, Treasurer, Director
Money in and out
$49K revenue, $124K expenses
Bottom line
—
Grants paid & assets · FY2025
Total revenue
$49K
Pt VIII · Ln 12
Total expenses
$124K
Pt IX · Ln 25
Net assets
$17K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$75K
Total assets
17K
deployed as grants and operations
Grants paid
113K
in FY2025
Grants made
22grants
total in period
Payout rate
646%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 22 grants · $113K · 2024–2024
Beth Israel Deaconess Medical Center INC ( Beth Israel Lahey Health)for DrFY2024$30,000
Michael J Fox Foundation for Parkinson's ResearchFY2024$15,000
Jewish Family & Children's Services of San Franciscothe Peninsulamarin & SFY2024$10,000
Boca Raton Regional Hospital Foundation- for League of Ribbons Lynn CancerFY2024$10,000
Congregation Beth Sholom - for San Francisco Ca Center for Lifelong LearninFY2024$8,000
Louis D Brandeis Center INCDC · FY2024$8,000
American Friends of Mogen David Adom (afmda)FY2024$6,000
The Second Step INCFY2024$4,000
Pasadena Community Foundation - Matthew Schwartz Memorial FundFY2024$4,000
Combined Jewish Philanthropies (cjp)FY2024$3,000
Jewish Family & Children's Service Waltham MaFY2024$2,000
Fare (food Allergy Research & Education)FY2024$2,000
Multiple Myeloma Research FoundationFY2024$2,000
MIT - for MIT HillelFY2024$1,000
Columbia Barnard Hillel INCNY · FY2024$1,000
Chabad - University of Minnesota - the Rohr Center for Jewish Student LifeFY2024$1,000
U Mass Hillel at AmherstFY2024$1,000
University of Texas at Austin HillelFY2024$1,000
See all 22 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV2
Average grantPart XV$5K
Median grantPart XV$2K
Largest grantPart XV$30K
Top cause focusNTEEReligion (5%)

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$49K
FY2025▼ -34%
Expenses
$124K
FY2025▼ -21%
Total assets
$17K
FY2025▼ -83%
Total liabilities
$0
FY2025
Total revenue
$49K
Pt VIII · Ln 12
Total expenses
$124K
Pt IX · Ln 25
Net assets
$17K
Pt X · Ln 32
Total assetsPt II$17K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHerbert O Wolfe Foundation INC
EINHdr · item D11-6012915
Principal addressHdr · item CBelmont, MA
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFDec 1960

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Louise Wolfe
President, Treasurer, Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Donna Levin
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Herbert O Wolfe Foundation INC executive salaries →

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Statement of Revenue

Part VIII
Investment income100%$49K
Total revenueLn 12$49K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.91 Operating & administrative $0.09
Grants & contributions paid91%$113K
Operating & administrative9%$11K
Total functional expensesLn 25$124K

Balance Sheet

Part X · end of year
CashLn 1$17K
Total assetsLn 16$17K
Total liabilitiesLn 26$0
Total net assetsLn 32$17K
Months of cash on handcomputed1.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $17K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $49K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $49K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $49K · Prior year $74K
-34%
Revenue CAGR
FY2019 $42K · FY2024 $49K
+3%
Net-asset trend (YoY)
End of year $17K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $49K · Expenses $124K
-154%
Liabilities-to-Assets
Total liabilities — · Total assets $17K
—
Net-asset ratio
Net assets $17K · Total assets $17K
100%
People & payroll
Highest Reported Total Compensation
Individual Louise Wolfe · Reported title PRESIDENT, TREASURER, DIRECTOR · Highest reported compensation $0 · Total expenses $124K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -34%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$49K revenue · viewing · ⤓ 990 PDF
FY2024$74K revenue · ⤓ 990 PDF
FY2023$56K revenue · ⤓ 990 PDF
FY2022$73K revenue · ⤓ 990 PDF
FY2021$83K revenue · ⤓ 990 PDF
FY2020$42K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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