Mary C & Perry F Spencer Foundation
- Assets
- $4.9m
- Revenue
- $477.0k
- Investments
- $4.9m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 02/1982
- Data as of
- 12/2023
- EIN
- 31-1016213
Organization Overview
Mary C & Perry F Spencer Foundation is located in Pittsburgh, PA. The organization was established in 1982. 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. Mary C & Perry F Spencer 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, Mary C & Perry F Spencer Foundation generated $477.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $303.5k during the year ending 12/2023. While expenses have increased by 1.7% per year over the past 8 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 2016, Mary C & Perry F Spencer Foundation has awarded 127 individual grants totaling $1,650,239. 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 |
|---|---|---|---|
Richard Wolf Director | 1 | $900 | |
Jon Brandenberger Director | 1 | $900 | |
Mitch Harper Director | 1 | $900 | |
Pnc Bank N A Trustee | 12 | $59,264 | |
Matt Brandenberger Director | 1 | $900 | |
Ethan Harper Director | 1 | $900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $141,911 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $335,083 |
| Capital Gain Net Income | $335,083 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $476,994 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $63,764 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,847 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18 |
| Total operating and administrative expenses | $69,629 |
| Contributions, gifts, grants paid | $233,900 |
| Total expenses and disbursements | $303,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $74,063 |
| 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 | $4,850,512 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,924,575 |
| 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, Mary C & Perry F Spencer Foundation has awarded $233,900 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
YOUTH FOR CHRIST USA INC PURPOSE: GENERAL SUPPORT | $10,000 |
NEW MERCIES MINISTRIES PURPOSE: GENERAL SUPPORT | $35,000 |
REMEDY LIVE PURPOSE: GENERAL SUPPORT | $15,000 |
NEW HAVEN AREA HERITAGE PURPOSE: HISTORICAL MARKER | $4,300 |
ASSOCIATED CHURCHES OF FT WAYNE INDIANA PURPOSE: GENERAL SUPPORT | $15,000 |
ALLEN COUNTY FT WAYNE HISTORICAL SOCIETY PURPOSE: SUPPORT HISTORY CENTER & | $15,000 |