Sperling Fam Charitable Foundation
- Assets
- $20.7m
- Revenue
- $5.2m
- Investments
- $20.6m
- Employees
- 0
- Location
- Wayland, MA
- Founding
- 12/2001
- Data as of
- 06/2022
- EIN
- 04-6948423
Organization Overview
Sperling Fam Charitable Foundation is located in Wayland, MA. The organization was established in 2001. 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. Sperling Fam Charitable 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 06/2022, Sperling Fam Charitable Foundation generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $1.4m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Sperling Fam Charitable Foundation has awarded 115 individual grants totaling $13,413,100. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott M Sperling Trustee | 1 | $0 | |
Laurene M Sperling Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,074,559 |
| Interest on Savings | $0 |
| Dividends & Interest | $209,976 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,222,996 |
| Capital Gain Net Income | $1,222,996 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $689,329 |
| Total Revenue | $5,196,860 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,274 |
| Total operating and administrative expenses | $18,174 |
| Contributions, gifts, grants paid | $1,344,000 |
| Total expenses and disbursements | $1,362,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $119,264 |
| 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 | $115,732 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,688,814 |
| 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, Sperling Fam Charitable Foundation has awarded $1,344,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
COMBINED JEWISH PHILANTHROPIES PURPOSE: UNRESTRICTED | $175,000 |
THE BRIGHAM AND WOMEN'S HOSPITAL - SPERLING FAMILY EXECUTIVE LEADERSHIP PRO PURPOSE: UNRESTRICTED | $500,000 |
VIA ART FUND INC PURPOSE: UNRESTRICTED | $20,000 |
PRESIDENT AND FELLOWS OF HARVARD COLLEGE - ADVISORY COUNCIL FUND PURPOSE: UNRESTRICTED | $20,000 |
THE BROAD INSTITUTE INC - SPERLING FAMILY FELLOWSHIP IN PRECISION HEALTHCAR PURPOSE: UNRESTRICTED | $100,000 |
SOCIAL FINANCE PURPOSE: UNRESTRICTED | $100,000 |