Sprott Family Foundation
- Assets
- $45.2k
- Revenue
- $7.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 05/2003
- Data as of
- 12/2022
- EIN
- 16-1629054
Organization Overview
Sprott Family Foundation is located in Louisville, KY. The organization was established in 2003. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sprott Family 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, Sprott Family Foundation generated $7.3k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $6.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN KEEPING WITH THE PURPOSES FOR THE SPROTT FAMILY FOUNDATION THE FOUNDATION CONTINUED EFFORTS IN COMMUNITY PRESERVATION AND MAINTENANCE OF HISTORICAL AND CULTURAL LANDMARKS IN BEAUMONT TX NAMELY THE PROPERTY LOCATED ON ROBERTS ST. THE FAMILY DONATED TIME AND TALENT IN WORKING TO CLEAR LAND TO BUILD A COMMUNITY GARDEN. GARDEN WILL NOT BE READY ANY EXPENSES INCURRED WILL NOT BE UNTIL THE 2023 YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kendell Sprott Chair | 1 | $0 | |
Farida Sharif Burnett Secretary | 1 | $0 | |
Camille White Treasurer | 1 | $0 | |
Welth Elbert Cooper Vice Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $0 |
| Net Rental Income | $1,932 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,325 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,486 |
| Depreciation | $1,099 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,906 |
| Total operating and administrative expenses | $6,491 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $6,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $376 |
| Savings and temporary cash investments | $24,081 |
| 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 | $20,739 |
| Other assets | $0 |
| Total assets | $45,196 |
| 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, Sprott Family Foundation has awarded $2,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Beaumont, TX PURPOSE: AID IN COVID RELIEF EFFORTS FOR SENIOR CITIZENS IN NEED | $500 |
Beaumont, TX PURPOSE: AID IN COVID RELIEF EFFORTS TO FEED FAMILIES IN NEED | $500 |
Beaumont, TX PURPOSE: AID IN COVID RELIEF EFFORTS TO FEED FAMILIES IN NEED | $500 |
Beaumont, TX PURPOSE: AID IN COVID RELIEF EFFORTS FOR SENIOR CITIZENS IN NEED | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Affordable Housing Partners Inc Carmel, IN | $150,650,716 | $9,214,618 |
Housing Partnership Inc Louisville, KY | $43,644,315 | $10,025,390 |
Habitat For Humanity Of Kansas City Kansas City, MO | $24,127,378 | $10,262,500 |
Famicos Foundation Inc Cleveland, OH | $56,363,268 | $13,331,115 |
Lake View Towers Residents Association Inc Chicago, IL | $58,558,713 | $9,007,735 |
Our Lady Of Peace Inc Roanoke, VA | $13,777,109 | $11,564,075 |
Excel Development Co Inc Cincinnati, OH | $14,214,242 | $8,847,104 |
Miami Valley Housing Opportunities Inc Dayton, OH | $17,399,456 | $7,922,561 |
Guardian Center Inc Ooltewah, TN | $1,527,267 | $10,632,560 |
Crf Affordable Housing Inc Plainfield, IN | $71,328,382 | $70,095,090 |
National Affordable Housing Trust Inc Columbus, OH | $12,512,765 | $8,943,724 |
Columbus Housing Partnership Inc Columbus, OH | $57,775,833 | $13,476,247 |