Spanx By Sara Blakely Foundation Inc
- Assets
- $27.7m
- Revenue
- $1.6m
- Investments
- $22.9m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 07/2006
- Data as of
- 12/2022
- EIN
- 20-5088833
Organization Overview
Spanx By Sara Blakely Foundation Inc is located in Atlanta, GA. The organization was established in 2006. According to its NTEE Classification (T30) the organization is classified as: Public 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. Spanx By Sara Blakely Foundation Inc 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, Spanx By Sara Blakely Foundation Inc generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $603.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (18.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Spanx By Sara Blakely Foundation Inc has awarded 30 individual grants totaling $8,322,948. 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
IN 2022, THE SARA BLAKELY FOUNDATION CONTINUED TO PURSUE ITS MISSION TO ELEVATE HIGH SCHOOL WOMEN THROUGH THE DEVELOPMENT OF AN EDUCATIONAL PROGRAM. RESOURCES WERE DEDICATED TO THIS END THROUGH THE SERVICES OF A WEB DEVELOPMENT AGENCY SERVICING THE BACK-END PROGRAMMING, AND THROUGH THE CONSULTING SERVICES OF AN EDUCATION SPECIALIST WHO CONDUCTED INDUSTRY RESEARCH, AND PROVIDED A REVIEW AND RECOMMENDATION OF THE PROGRAM'S CONTENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Blakely Director & President | 1 | $0 | |
John Blakely Director & Vice President | 0.01 | $0 | |
Emily Luke CFO | 2 | $0 | |
Bassima Mroue Director | 0.01 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Northern Trust Company | 12/30/21 | $50,269 |
Wells Fargo | 12/30/21 | $50,369 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $544,852 |
| Dividends & Interest | $230,450 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $823,252 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,093 |
| Total Revenue | $1,599,647 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $40,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $127,163 |
| Total operating and administrative expenses | $249,776 |
| Contributions, gifts, grants paid | $353,500 |
| Total expenses and disbursements | $603,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,730,049 |
| 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 | $4,519,961 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $27,674,018 |
| 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, Spanx By Sara Blakely Foundation Inc has awarded $353,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JANE GOODALL INSTITUTE FOR WILDLIFE RESEARCH EDUCATION AND CONSERVATION PURPOSE: GENERAL | $10,000 |
THE COMMUNITY FOUNDATION OF GREATER ATLANTA PURPOSE: GENERAL | $315,000 |
GEORGIA CAMPAIGN FOR ADOLESCENT POWER AND POTENTIAL PURPOSE: GENERAL | $28,500 |