Cheryl Spencer Memorial Foundation
- Assets
- $18.1m
- Revenue
- $3.2m
- Investments
- $16.9m
- Employees
- 0
- Location
- Dedham, MA
- Founding
- 03/1975
- Data as of
- 12/2023
- EIN
- 04-6360057
Organization Overview
Cheryl Spencer Memorial Foundation is located in Dedham, MA. The organization was established in 1975. 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. Cheryl Spencer Memorial 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 12/2023, Cheryl Spencer Memorial Foundation generated $3.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $771.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cheryl Spencer Memorial Foundation has awarded 77 individual grants totaling $4,570,348. 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 |
|---|---|---|---|
Aaron Spencer Trustee | 5 | $0 | |
Mark Spencer Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,489,308 |
| Interest on Savings | $7,204 |
| Dividends & Interest | $538,794 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $121,041 |
| Capital Gain Net Income | $121,041 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,570 |
| Total Revenue | $3,165,917 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,644 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,516 |
| Total operating and administrative expenses | $80,875 |
| Contributions, gifts, grants paid | $690,308 |
| Total expenses and disbursements | $771,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,232,807 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $16,872,390 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,105,197 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Cheryl Spencer Memorial Foundation has awarded $690,308 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
AFORAM - AMERICAN FRIENDSRAMBAM HOSPITAL PURPOSE: TO SUPPORT THE CHARITY'S MISSION | $216,000 |
AMERICAN JEWISH COMMITTEE PURPOSE: TO SUPPORT THE CHARITY'S MISSION. | $101,150 |
AMERICAN TECHNION SOCIETY PURPOSE: TO SUPPORT THE CHARITY'S MISSION. | $416 |
ASUH - AMERICAN SOCIETY OF THE UNIVERSITY OF HAIFA PURPOSE: TO SUPPORT THE CHARITY'S MISSION | $115,000 |
BAIS YAAKOU PURPOSE: TO SUPPORT THE CHARITY'S MISSION | $1,000 |
BIRTHRIGHT ISRAEL FOUNDATION PURPOSE: TO SUPPORT THE CHARITY'S MISSION | $50,000 |