Spruce Foundation Inc
- Assets
- $71.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 11/2009
- Data as of
- 12/2021
- EIN
- 26-4005641
Organization Overview
Spruce Foundation Inc is located in Philadelphia, PA. The organization was established in 2009. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spruce 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 12/2021, Spruce Foundation Inc generated $44.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $30.1k during the year ending 12/2021. While expenses have increased by 3.3% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE PARTNERSHIP COMMITTEE MADE THE FOLLOWING GRANTS: 5,000 TO THE EVOLVER HOUSE 5,000 TO THE LYRA SOCIETY 5,000 TO THE FEDERATION OF NEIGHBORHOOD CENTERS 5,000 TO URBAN AFFAIRS COALITION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nabilla Ariffin Vice Char Gr | 5 | $0 | |
Seneca Spina Strategic Op | 5 | $0 | |
Maggie Mandich Secretary | 5 | $0 | |
Tiffany Marini Vice Preside | 5 | $0 | |
Cara Hackett Comm Vice Ch | 5 | $0 | |
Amaryllis Owens President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,960 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $43,960 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,790 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,339 |
| Total expenses | $30,129 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,647 |
| Other assets | $0 |
| Total assets | $71,647 |
| Total liabilities | $0 |
| Net assets or fund balances | $71,647 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Spruce Foundation Inc has recieved totaling $10,966.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $10,372 |
Chubb Charitable Foundation Philadelphia, PA PURPOSE: MATCHING GIFTS | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $61 |
Chubb Charitable Foundation Philadelphia, PA PURPOSE: MATCHING GIFTS | $33 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chesapeake Bay Outward Bound School Inc Baltimore, MD | $15,791,418 | $4,070,576 |
Remember Nhu Akron, OH | $1,725,867 | $3,603,409 |
Kutcher Foundation Inc Forest Hill, MD | $796,373 | $19,308 |
Summer Camp Opportunities Promote Education Inc Astoria, NY | $2,178,412 | $1,193,095 |
Youth Foundation Inc New York, NY | $10,787,193 | $1,768,490 |
Children And Screens-Institute Of Digital Media And Child Developmen Jericho, NY | $4,602,497 | $2,120,604 |
Buffalo Sabres Foundation Buffalo, NY | $633,341 | $899,798 |
Upspring Cincinnati, OH | $867,696 | $895,370 |
Anthony Munoz Foundation Cincinnati, OH | $1,120,500 | $1,095,006 |
Cavaliers Youth Foundation Cleveland, OH | $907,069 | $380,976 |
Joseph Tse Foundation A New Jersey Nonprofit Corporation Glen Rock, NJ | $3,861,723 | $4,134,009 |
Together We Own It Inc Westminster, MD | $26,545 | $273,285 |