Spinnaker Foundation Inc
- Assets
- $695.7k
- Revenue
- $81.6k
- Investments
- $598.4k
- Employees
- 0
- Location
- Jupiter, FL
- Founding
- 03/2007
- Data as of
- 12/2023
- EIN
- 20-8132975
Organization Overview
Spinnaker Foundation Inc is located in Jupiter, FL. 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. Spinnaker 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 12/2023, Spinnaker Foundation Inc generated $81.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $33.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Spinnaker Foundation Inc has awarded 36 individual grants totaling $129,551. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Malmberg President And Treasurer | 8 | $0 | |
Allison Tyler Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23,291 |
| Dividends & Interest | $180 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,119 |
| Capital Gain Net Income | $58,119 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $81,590 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $54 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,750 |
| Printing and publications | $0 |
| Other expenses | $5,429 |
| Total operating and administrative expenses | $7,383 |
| Contributions, gifts, grants paid | $26,270 |
| Total expenses and disbursements | $33,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,295 |
| Savings and temporary cash investments | $68,965 |
| 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 | $27,000 |
| Total assets | $695,705 |
| 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, Spinnaker Foundation Inc has awarded $26,270 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
JUPITER MEDICAL CENTER PURPOSE: GENERAL | $10,000 |
LOXAHATCHEE CLUB EDUCATIONAL FNDTN PURPOSE: GENERAL | $1,000 |
HEALTHNETWORK FOUNDATION PURPOSE: GENERAL | $12,000 |
THE BENJAMIN SCHOOL PURPOSE: GENERAL | $1,670 |
GEORGIA INSTITUTE OF TECHNOLOGY PURPOSE: GENERAL | $1,100 |
JUVENILE DIABETES RESEARCH FOUNDTN PURPOSE: GENERAL | $500 |