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Nonprofiteer
← HERBALIFE NUTRTION FOUNDATION

Form 990 for tax year 2022

Filed by HERBALIFE NUTRTION FOUNDATION.

Totals

Total revenue
$7,851,324
Total expenses
$8,131,865
Contributions and grants received
$7,417,752
Grants paid
$6,612,841
Program service revenue
$0
Investment income
$433,572
Other revenue
$0
Total assets, end of year
$21,079,868
Total liabilities, end of year
$1,062,910
Net assets or fund balances, end of year
$20,016,958
Program services expenses (Part IX)
$7,427,935
Management and general expenses
$346,916
Fundraising expenses
$357,014
Program service expenses (Part III)
$7,427,935

Program services were 91.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $797,310

  • 1f · All other contributions, gifts and grants

    $6,620,442

  • 1g · Noncash contributions included above

    $1,848

  • 3 · Investment income

    total $437,800 · excluded $437,800

  • 7a · Gross sales of assets other than inventory

    securities $3,999,765

  • 7b · Less cost or other basis and sales expenses

    securities $4,003,993

  • 7c · Gain or loss

    securities -$4,228

  • 7d · Net gain or loss

    total -$4,228 · excluded -$4,228

  • 8a · Fundraising events: gross income

    $73,402

  • 8a · Fundraising events: contributions included on line 1c

    $797,310

  • 8b · Fundraising events: direct expenses

    $73,402

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,663,129 · program services $2,663,129

  • 3 · Grants to foreign organizations and individuals

    total $3,949,712 · program services $3,949,712

  • 5 · Compensation of officers, directors and key employees

    total $212,802 · program services $159,602 · management and general $31,920 · fundraising $21,280

  • 7 · Other salaries and wages

    total $630,909 · program services $473,181 · management and general $94,637 · fundraising $63,091

  • 8 · Pension plan contributions

    total $20,140 · program services $15,105 · management and general $3,021 · fundraising $2,014

  • 9 · Other employee benefits

    total $26,936 · program services $20,202 · management and general $4,041 · fundraising $2,693

  • 10 · Payroll taxes

    total $59,239 · program services $44,429 · management and general $8,886 · fundraising $5,924

  • 11c · Fees: accounting

    total $29,564 · management and general $29,564

  • 11f · Fees: investment management

    total $59,669 · management and general $59,669

  • 11g · Fees: other

    total $195,778 · program services $33,619 · management and general $57,259 · fundraising $104,900

  • 12 · Advertising and promotion

    total $27,888 · management and general $6,045 · fundraising $21,843

  • 13 · Office expenses

    total $76,765 · program services $1,587 · management and general $11,532 · fundraising $63,646

  • 14 · Information technology

    total $156,346 · program services $66,978 · management and general $24,050 · fundraising $65,318

  • 17 · Travel

    total $3,628 · fundraising $3,628

  • 23 · Insurance

    total $11,585 · management and general $11,585

  • 24a · Other expenses: FILING FEES

    total $4,736 · management and general $3,274 · fundraising $1,462

  • 24b · Other expenses: COMMUNICATIONS

    total $3,039 · program services $391 · management and general $1,433 · fundraising $1,215

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $144,163 · end of year $99,914

  • 2 · Savings and temporary cash investments

    beginning of year $10,802,065 · end of year $9,213,414

  • 3 · Pledges and grants receivable

    beginning of year $1,459,133 · end of year $1,652,616

  • 4 · Accounts receivable

    beginning of year $253,720 · end of year $79,082

  • 8 · Inventories for sale or use

    beginning of year $97,441 · end of year $69,914

  • 9 · Prepaid expenses and deferred charges

    beginning of year $171,535 · end of year $59,378

  • 11 · Investments: publicly traded securities

    beginning of year $9,278,614 · end of year $9,827,674

  • 15 · Other assets

    beginning of year $32,730 · end of year $77,876

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,341 · end of year $148,683

  • 18 · Grants payable

    beginning of year $353,369 · end of year $650,109

  • 19 · Deferred revenue

    beginning of year $319,727 · end of year $264,118

  • 27 · Net assets without donor restrictions

    beginning of year $21,054,507 · end of year $19,300,182

  • 28 · Net assets with donor restrictions

    beginning of year $502,457 · end of year $716,776

Mission and programs · 2022

Mission

THE HERBALIFE NUTRITION FOUNDATION'S MISSION IS TO IMPROVE THE LIVES OF CHILDREN AND COMMUNITIES AROUND THE WORLD.

Activities or mission (Part I)

TO IMPROVE THE LIVES OF CHILDREN AND COMMUNITIES AROUND THE WORLD.

  • FOR 2022, HERBALIFE NUTRITION FOUNDATION (HNF) GAVE ANNUAL GRANTS OF $5.12M TO 178 NON-PROFIT ORGANIZATIONS IN 59 COUNTRIES AROUND THE WORLD TO HELP OVER 200,000 CHILDREN.37% OF THE ORGANIZATIONS HNF SUPPORTS ARE ORPHANAGES, 22% ARE COMMUNITY CENTERS, 11% ARE AFTER SCHOOL CENTERS, AND THE REST ARE COMMUNITY IMPROVEMENT ORGANIZATIONS, ELEMENTARY/SECONDARY SCHOOLS, HOMELESS SHELTERS, HOSPICES, HOSPITALS, PRESCHOOLS, AND WOMEN'S SHELTERS.$2.6M OF HNF'S GRANTS WENT FOR FOOD SUBSIDY, $856K FOR NUTRITION STAFF, $856K FOR NUTRITION EDUCATION, AND THE REST FOR CAPITAL SUPPORT, GENERAL OPERATING, KITCHEN RENOVATIONS, AND OTHER.

    Expenses $7,427,935 · Grants $6,612,841

As filed on the 2022 return.

Listed in Part VII

  • Richard Caloca

    TREASURER

    Total calculated
    $0
    Hours/week
    0.7

  • Dr John Agwunobi Retired 622

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Jesus Alvarez Retired 622

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Alexander Amezquita Ret 622

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Maximo Dolman Retired 622

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Edi Hienrich Retired 622

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Frank Lambertini Retired 622

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Ibi Montesino Retired 622

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Henry Wang Retired 622

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Rob Levy

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.3

  • Jenny Perez

    EXECUTIVE DIRECTOR

    Total calculated
    $409,130
    From this org
    $211,974
    From related orgs
    $196,204
    Other
    $952
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,974 + $196,204 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $828 + $124 related
    Filer's total
    $212,802 + $196,328 related

  • Ravi Singh

    CONTROLLER

    Total calculated
    $206,284
    From this org
    $107,869
    From related orgs
    $97,063
    Other
    $1,352
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $107,869 + $97,063 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $1,162 related
    Nontaxable benefits
    $0 + $190 related
    Filer's total
    $107,869 + $98,415 related

  • Desmond Walsh

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.4

  • Peter Dahl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Mary Halloway

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Shobie King

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Erin Richards-Kunkel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HERBALIFE INTERNATIONAL OF AMERICA INC

    C · SALE OF HEALTHY NUTRITIONAL PRODUCTS · NV

    Directly controlled by PUBLICLY TRADED

  • THE HERBALIFE NUTRITION FOUNDATION - BRAZIL

    T · IMPROVING CHILDREN'S LIVES BY PROVIDING HEALTHY NUTRITION TO CHILDREN · BR

    Directly controlled by CHARITABLE TRUST

Provenance

Return type
form_990
Tax year
2022
Filed
10 October 2023
IRS schema version
2022v5.0
Source object
202312839349300816

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