Seth Sprague Educational & Charit Able Foundation
- Assets
- $65.4m
- Revenue
- $12.5m
- Investments
- $62.2m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 01/1941
- Data as of
- 12/2022
- EIN
- 13-6071886
Organization Overview
Seth Sprague Educational & Charit Able Foundation is located in Dallas, TX. The organization was established in 1941. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seth Sprague Educational & Charit Able 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 12/2022, Seth Sprague Educational & Charit Able Foundation generated $12.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.7% each year . All expenses for the organization totaled $5.9m during the year ending 12/2022. While expenses have increased by 10.0% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bank Of America N A Co-Trustee | 1 | $168,140 | |
Patricia M Dunnington Co-Trustee | 18 | $103,038 | |
Irene DE Watteville Co-Trustee | 18 | $103,038 | |
Rebecca Clapp Co-Trustee | 19 | $103,038 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,666,952 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,805,080 |
| Capital Gain Net Income | $10,805,080 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,317 |
| Total Revenue | $12,473,349 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $477,254 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $134,169 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $4 |
| Other expenses | $10,500 |
| Total operating and administrative expenses | $658,737 |
| Contributions, gifts, grants paid | $5,250,000 |
| Total expenses and disbursements | $5,908,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,250,234 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $65,425,975 |
| 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 |