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Nonprofiteer
← HERBALIFE NUTRTION FOUNDATION

Form 990 for tax year 2023

Filed by HERBALIFE NUTRTION FOUNDATION.

Totals

Total revenue
$9,607,135
Total expenses
$8,352,425
Contributions and grants received
$8,765,131
Grants paid
$6,137,734
Program service revenue
$0
Investment income
$842,004
Other revenue
$0
Total assets, end of year
$22,556,550
Total liabilities, end of year
$635,956
Net assets or fund balances, end of year
$21,920,594
Program services expenses (Part IX)
$7,397,865
Management and general expenses
$343,470
Fundraising expenses
$611,090
Program service expenses (Part III)
$7,397,865

Program services were 88.6% 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

    $1,386,769

  • 1f · All other contributions, gifts and grants

    $7,378,362

  • 1g · Noncash contributions included above

    $9,307

  • 3 · Investment income

    total $792,297 · excluded $792,297

  • 7a · Gross sales of assets other than inventory

    securities $1,830,985

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

    securities $1,781,278

  • 7c · Gain or loss

    securities $49,707

  • 7d · Net gain or loss

    total $49,707 · excluded $49,707

  • 8a · Fundraising events: gross income

    $496,048

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

    $1,386,769

  • 8b · Fundraising events: direct expenses

    $496,048

  • 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 $1,719,520 · program services $1,719,520

  • 3 · Grants to foreign organizations and individuals

    total $4,418,214 · program services $4,418,214

  • 5 · Compensation of officers, directors and key employees

    total $283,557 · program services $212,668 · management and general $42,533 · fundraising $28,356

  • 7 · Other salaries and wages

    total $1,079,114 · program services $809,335 · management and general $115,106 · fundraising $154,673

  • 8 · Pension plan contributions

    total $32,114 · program services $24,085 · management and general $3,627 · fundraising $4,402

  • 9 · Other employee benefits

    total $38,808 · program services $29,105 · management and general $3,849 · fundraising $5,854

  • 10 · Payroll taxes

    total $103,102 · program services $77,326 · management and general $12,068 · fundraising $13,708

  • 11f · Fees: investment management

    total $68,547 · management and general $68,547

  • 11g · Fees: other

    total $229,689 · program services $36,922 · management and general $47,037 · fundraising $145,730

  • 12 · Advertising and promotion

    total $26,920 · management and general $11,028 · fundraising $15,892

  • 14 · Information technology

    total $161,942 · program services $70,241 · management and general $16,850 · fundraising $74,851

  • 17 · Travel

    total $34,681 · management and general $1,104 · fundraising $33,577

  • 23 · Insurance

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

  • 24a · Other expenses: BANK AND MERCHANT FEES

    total $65,768 · program services $449 · management and general $6,265 · fundraising $59,054

  • 24b · Other expenses: SUPPLIES

    total $65,405 · management and general $2,990 · fundraising $62,415

  • 24c · Other expenses: FILING FEES

    total $7,313 · fundraising $7,313

  • 24d · Other expenses: COMMUNICATIONS

    total $5,265 · fundraising $5,265

  • 24e · All other expenses

    total $881 · management and general $881

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $99,914 · end of year $137,801

  • 2 · Savings and temporary cash investments

    beginning of year $9,213,414 · end of year $7,807,035

  • 3 · Pledges and grants receivable

    beginning of year $1,652,616 · end of year $2,881,677

  • 4 · Accounts receivable

    beginning of year $79,082

  • 8 · Inventories for sale or use

    beginning of year $69,914 · end of year $89,588

  • 9 · Prepaid expenses and deferred charges

    beginning of year $59,378 · end of year $125,723

  • 11 · Investments: publicly traded securities

    beginning of year $9,827,674 · end of year $11,438,793

  • 15 · Other assets

    beginning of year $77,876 · end of year $75,933

  • 17 · Accounts payable and accrued expenses

    beginning of year $148,683 · end of year $176,621

  • 18 · Grants payable

    beginning of year $650,109 · end of year $168,193

  • 19 · Deferred revenue

    beginning of year $264,118 · end of year $291,142

  • 27 · Net assets without donor restrictions

    beginning of year $19,300,182 · end of year $20,991,242

  • 28 · Net assets with donor restrictions

    beginning of year $716,776 · end of year $929,352

Mission and programs · 2023

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.

  • DURING THE YEAR ENDED DECEMBER 31, 2023, HERBALIFE FAMILY FOUNDATION GAVE GRANTS OF $5.46 MILLION TO NON-PROFIT ORGANIZATIONS IN 61 COUNTRIES AROUND THE WORLD TO HELP OVER 200,000 CHILDREN.37% OF THE ORGANIZATIONS HFF SUPPORTS ARE ORPHANAGES, 22% ARE COMMUNITY CENTERS, 12% ARE AFTER SCHOOL CENTERS, AND THE REST ARE COMMUNITY IMPROVEMENT ORGANIZATIONS, ELEMENTARY/SECONDARY SCHOOLS, HOMELESS SHELTERS, HOSPICES, HOSPITALS, PRESCHOOLS, AND WOMEN'S SHELTERS.$2.8 MILLION OF HFF'S GRANTS WENT FOR FOOD SUBSIDY, $945,000 FOR NUTRITION STAFF, $333,000 FOR KITCHEN RENOVATIONS, AND THE REST FOR CAPITAL SUPPORT, GENERAL OPERATING, NUTRITION EDUCATION AND OTHER.

    Expenses $7,397,865 · Grants $6,137,734

As filed on the 2023 return.

Listed in Part VII

  • Richard Caloca

    TREASURER (THROUGH 1/23)

    Total calculated
    $0
    Hours/week
    0.7

  • Catherine Dare

    TREASURER (AS OF 1/23)

    Total calculated
    $0
    Hours/week
    0.7

  • Rob Levy

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.3

  • Jenny Perez

    EXECUTIVE DIRECTOR

    Total calculated
    $283,557
    From this org
    $260,560
    From related orgs
    $0
    Other
    $22,997
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $260,560
    Bonus
    $0
    Other
    $0
    Deferred
    $5,168
    Nontaxable benefits
    $17,829
    Filer's total
    $283,557

  • 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

  • Mamie Herron

    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

  • Tim Waters

    DIRECTOR (AS OF 6/23)

    Total calculated
    $0
    Hours/week
    0.3

  • Isis Soraja Roberts

    COMMUNICATIONS & SOCIAL MEDIA MANAGER

    Total calculated
    $116,478
    From this org
    $101,995
    From related orgs
    $0
    Other
    $14,483
    Hours/week
    40

  • Rene Remberto Siguenza Bonilla

    SENIOR ACCOUNTANT

    Total calculated
    $130,762
    From this org
    $108,968
    From related orgs
    $0
    Other
    $21,794
    Hours/week
    40

  • Ravi Singh

    CONTROLLER

    Total calculated
    $211,358
    From this org
    $187,135
    From related orgs
    $0
    Other
    $24,223
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,135
    Bonus
    $0
    Other
    $0
    Deferred
    $15,325
    Nontaxable benefits
    $8,898
    Filer's total
    $211,358

  • Boryana Vladeva

    ACCOUNTING MANAGER

    Total calculated
    $118,153
    From this org
    $118,153
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

Provenance

Return type
form_990
Tax year
2023
Filed
10 October 2024
IRS schema version
2023v5.1
Source object
202442849349301719

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