Bspc Foundation
- Assets
- $738.3k
- Revenue
- $79.5k
- Investments
- $712.4k
- Employees
- 0
- Location
- Wethersfield, CT
- Founding
- 11/2007
- Data as of
- 12/2022
- EIN
- 20-5911051
Organization Overview
Bspc Foundation is located in Wethersfield, CT. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Bspc 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, Bspc Foundation generated $79.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (23.6%) each year. All expenses for the organization totaled $223.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bspc Foundation has awarded 54 individual grants totaling $393,700. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $17,031 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $62,500 |
| Capital Gain Net Income | $62,500 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $79,538 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $43 |
| Taxes | $1,286 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,216 |
| Total operating and administrative expenses | $5,045 |
| Contributions, gifts, grants paid | $218,000 |
| Total expenses and disbursements | $223,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,886 |
| 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 | $712,423 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $738,309 |
| 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 | $19,037 |
| Total liabilities | $19,037 |
Grants Awarded
Over the last fiscal year, Bspc Foundation has awarded $218,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHBISHOP ANNUAL APPEAL PURPOSE: DONATION | $2,500 |
GIFT OF ADOPTION NH PURPOSE: DONATION | $7,500 |
SARAH FUND PURPOSE: DONATION | $10,000 |
GLOBE SANTA PURPOSE: DONATION | $1,000 |
KEANE FOUNDATION PURPOSE: DONATION | $2,500 |
ELIZABETH PARK CONSERVANCY PURPOSE: DONATION | $2,500 |