Florence And Laurence Spungenfamily Foundation
- Assets
- $22.2m
- Revenue
- $2.9m
- Investments
- $18.6m
- Employees
- 0
- Location
- Lincolnshire, IL
- Founding
- 09/2007
- Data as of
- 12/2023
- EIN
- 20-7155204
Organization Overview
Florence And Laurence Spungenfamily Foundation is located in Lincolnshire, IL. The organization was established in 2007. 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. Florence And Laurence Spungenfamily 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 12/2023, Florence And Laurence Spungenfamily Foundation generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 71.3% each year . All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 24.3% per year over the past 6 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.
Since 2020, Florence And Laurence Spungenfamily Foundation has awarded 273 individual grants totaling $3,143,155. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPUNGEN HOLOCAUST COLLECTION: THE FOUNDATION OWNS AN ARCHIVE OF HOLOCAUST AND GENOCIDE-RELATED ARTIFACTS USED TO RAISE AWARENESS OF AND FACILITATE DISCUSSIONS ABOUT THE HOLOCAUST AND BREAKDOWNS IN HUMANITY. EXPENSES ARE INCURRED TO COLLECT, MAINTAIN, EXHIBIT, AND PROMOTE THE FOUNDATION'S ARCHIVE TO SCHOOLS, UNIVERSITIES, TEACHER CONFERENCES, AND OTHER VENUES. THE FOUNDATION EXHIBITS DIRECTLY, LOANS ARTIFACTS TO CULTURAL AND EDUCATIONAL ORGANIZATIONS, AND LICENSES IMAGES OF THE ARTIFACTS TO PUBLISHERS AND DOCUMENTARY FILM PRODUCERS. IN 2022, THE FOUNDATION PUBLISHED "FORGING SECRETS," A BOOK ABOUT A SECRET NAZI PROJECT THAT FORCED JEWISH CONCENTRATION CAMP PRISONERS TO FORGE BANK OF ENGLAND CURRENCY. THE FOUNDATION CONTINUES TO DISTRIBUTE COPIES OF THE BOOK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Spungen Board Chair | 10 | $0 | |
Daniel Spungen Treasurer | 30 | $11,000 | |
Debra Spungen Vice President | 2 | $0 | |
Glenn Spungen Secretary | 1 | $0 | |
Melissa Ament Trustee | 1 | $0 | |
Tracey Fletcher Executive Director | 20 | $51,062 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,340 |
| Interest on Savings | $0 |
| Dividends & Interest | $702,816 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,222,037 |
| Capital Gain Net Income | $2,222,037 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $54 |
| Total Revenue | $2,936,247 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $63,308 |
| Other employee salaries and wages | $47,077 |
| Pension plans, employee benefits | $16,178 |
| Interest | $0 |
| Taxes | $25,288 |
| Depreciation | $810 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $34,297 |
| Printing and publications | $0 |
| Other expenses | $52,064 |
| Total operating and administrative expenses | $430,149 |
| Contributions, gifts, grants paid | $892,087 |
| Total expenses and disbursements | $1,322,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,830,573 |
| 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 | $184,150 |
| Net Land, buildings, and equipment | $2,428 |
| Other assets | $846,651 |
| Total assets | $22,234,627 |
| 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 | $8,954 |
| Total liabilities | $8,954 |
Grants Awarded
Over the last fiscal year, Florence And Laurence Spungenfamily Foundation has awarded $892,087 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
A SAFE PLACE PURPOSE: TO PROVIDE BEHAVIORAL HEALTH SERVICES TO VICTIMS OF DOMESTIC VIOLENCE OR HUMAN TRAFFICKING AND THEIR CHILDREN | $10,000 |
ALABAMA HOLOCAUST EDUCATION CENTER PURPOSE: TO SUPPORT AHECS NOW MORE THAN EVER: NEVER AGAIN CAMPAIGN | $10,000 |
A SAFE PLACE PURPOSE: TO PROVIDE SERVICES TO VICTIMS OF DOMESTIC VIOLENCE OR HUMAN TRAFFICKING | $2,250 |
AMERICAN FRIENDS OF HAND IN HAND PURPOSE: TO SUPPORT HAND IN HAND: CENTER FOR JEWISH-ARAB EDUCATION IN ISRAEL | $5,000 |
AMERICAN FRIENDS OF OGEN PURPOSE: TO PROVIDE INTEREST-FREE AND LOW INTEREST LOANS AND FINANCIAL EDUCATION TO INDIVIDUALS, FAMILIES, BUSINESSES AND NON-PROFIT ORGANIZATIONS IN ISRAEL | $20,000 |
ANNE FRANK CENTER USA INC PURPOSE: TO SPONSOR CHICAGO EVENTS ABOUT THE HOLOCAUST | $1,000 |