Speedwell Foundation
- Assets
- $165.9m
- Revenue
- $26.1m
- Investments
- $150.7m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 12/2000
- Data as of
- 12/2021
- EIN
- 22-3764378
Organization Overview
Speedwell Foundation is located in Atlanta, GA. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Speedwell 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 12/2021, Speedwell Foundation generated $26.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $6.0m during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 7 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 2014, Speedwell Foundation has awarded 385 individual grants totaling $50,213,618. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Michael G Messner Trustee | 5 | $0 | |
Mrs Jenny K Messner Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,500,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,726,619 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,888,495 |
| Capital Gain Net Income | $16,888,495 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $670 |
| Total Revenue | $26,115,784 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $43,928 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $34,478 |
| Printing and publications | $0 |
| Other expenses | $30,283 |
| Total operating and administrative expenses | $288,848 |
| Contributions, gifts, grants paid | $5,721,170 |
| Total expenses and disbursements | $6,010,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $428,891 |
| Savings and temporary cash investments | $14,746,352 |
| 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 | $47,687 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $165,926,993 |
| Accounts payable and accrued expenses | $3,044 |
| Grants payable | $30,000 |
| 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 | $33,044 |
Grants Awarded
Over the last fiscal year, Speedwell Foundation has awarded $5,721,170 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Darien, CT PURPOSE: DONOR ADVISED FUND | $5,000,000 |
CITY PARK ALLIANCE PURPOSE: INFRUSTRUCTURE VIDEO PROJECT $130,000SIGNAL PROPOSAL $25,000 | $155,000 |
ATLANTA BELTLINE PARTNERSHIP INC PURPOSE: BELTLINE TEMPORARY IMPROVEMENTS | $150,000 |
ALLEGRO CHARTER SCHOOL MUSIC PURPOSE: MARKETING $25,000TECH UPGRADES $60,000 | $85,000 |
GEORGIA TECH FOUNDATION PURPOSE: URBAN DESIGNS $60,000FINANCIAL INNOVATIONS $10,000LAB SUPPORT $5,325GENERAL OPERATIONS $5,000 | $80,325 |
Washington, DC PURPOSE: CONSERVATION CITY PARKS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harry T Mangurian Jr Foundation Inc Fort Lauderdale, FL | $88,622,200 | $12,675,522 |
Alabama Power Foundation Inc Birmingham, AL | $164,336,755 | $18,795,477 |
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Caring Foundation Birmingham, AL | $70,981,159 | $5,434,235 |
Malone Family Foundation Hobe Sound, FL | $111,664,161 | $13,667,566 |
Ingersoll-Rand Charitable Foundation Davidson, NC | $949,422 | $5,202,263 |
The Fairholme Foundation Coral Gables, FL | $289,766,586 | $285,369 |
Nicklaus Childrens Health Care Foundation Inc North Palm Beach, FL | $45,302,726 | $13,320,876 |
Albert L Ueltschi Foundation Vero Beach, FL | $287,931,919 | $1,247,906 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |