E L Spencer Jr Foundation Inc
- Assets
- $2.3m
- Revenue
- $291.7k
- Investments
- $2.2m
- Employees
- 0
- Location
- Auburn, AL
- Founding
- 02/2009
- Data as of
- 12/2023
- EIN
- 26-1573695
Organization Overview
E L Spencer Jr Foundation Inc is located in Auburn, AL. The organization was established in 2009. 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. E L Spencer Jr 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, E L Spencer Jr Foundation Inc generated $291.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (18.7%) each year. All expenses for the organization totaled $150.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, E L Spencer Jr Foundation Inc has awarded 104 individual grants totaling $948,848. 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
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Steven Spencer Secretary | 0 | $0 | |
Edward L Spencer III Vice President | 0 | $0 | |
Ruth P Spencer Board Of Directors | 0 | $0 | |
Sandra J Spencer President / Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $185,238 |
| Interest on Savings | $0 |
| Dividends & Interest | $73,289 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,127 |
| Capital Gain Net Income | $33,127 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $291,654 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $648 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,452 |
| Total operating and administrative expenses | $23,100 |
| Contributions, gifts, grants paid | $127,500 |
| Total expenses and disbursements | $150,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $118,082 |
| 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 | $0 |
| Total assets | $2,346,828 |
| 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, E L Spencer Jr Foundation Inc has awarded $127,500 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
ALABAMA SHERIFF'S GIRL'S RANCH PURPOSE: UNRESTRICTED USE CONTRIBUTION | $5,000 |
AUBURN UNIVERSITY FOUNDATION PURPOSE: UNRESTRICTED USE CONTRIBUTION | $20,000 |
COMMUNITY FOUNDATION OF EAST ALABAMA PURPOSE: UNRESTRICTED USE CONTRIBUTION | $10,000 |
BOY SCOUTS SAUGAHATCHEE DISTRICT PURPOSE: UNRESTRICTED USE CONTRIBUTION | $3,000 |
BRITISH SCHOOLS AND UNIVERSITIES FOUNDATION PURPOSE: UNRESTRICTED USE CONTRIBUTION | $5,000 |
EAMC FOUNDATION PURPOSE: UNRESTRICTED USE CONTRIBUTION | $5,100 |