Spaulding Foundation
- Assets
- $28.9m
- Revenue
- $2.5m
- Investments
- $27.2m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 06/1984
- Data as of
- 02/2024
- EIN
- 31-1096254
Organization Overview
Spaulding Foundation is located in Cincinnati, OH. The organization was established in 1984. 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. Spaulding 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 02/2024, Spaulding Foundation generated $2.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $1.9m during the year ending 02/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Spaulding Foundation has awarded 195 individual grants totaling $6,282,505. 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 |
|---|---|---|---|
Emily Prather Trustee | 10 | $13,400 | |
James R Marlow - Deceased 43023 Trustee | 15 | $8,333 | |
Linda K Marlow Trustee | 10 | $39,117 | |
Ross Prather Trustee | 10 | $13,500 | |
Doug Marlow Trustee | 10 | $10,050 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,164,747 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,320,345 |
| Capital Gain Net Income | $1,320,345 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18 |
| Total Revenue | $2,485,110 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $84,400 |
| Other employee salaries and wages | $44,167 |
| Pension plans, employee benefits | $44,377 |
| Interest | $0 |
| Taxes | $23,862 |
| Depreciation | $0 |
| Occupancy | $28,635 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,111 |
| Total operating and administrative expenses | $476,272 |
| Contributions, gifts, grants paid | $1,400,500 |
| Total expenses and disbursements | $1,876,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,606 |
| Savings and temporary cash investments | $1,706,251 |
| 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 | $28,923,240 |
| Accounts payable and accrued expenses | $483 |
| 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 | $483 |
Grants Awarded
Over the last fiscal year, Spaulding Foundation has awarded $1,400,500 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
CINCINNATI THERAPEUTIC RIDING & HORSEMANSHIP PURPOSE: FUNDING FOR EQUINE ASSISTED THERAPY FOR DISABLED CHILDREN AND ADULTS | $25,000 |
FAMILY NURTURING CENTER PURPOSE: FUNDING FOR UPDATED TECHNOLOGY AIDING FAMILIES IN THE CHILD WELFARE SYSTEM | $25,000 |
AMERICAN RED CROSS PURPOSE: FUNDING FOR MENTAL HEALTH VOLUNTEER PROGRAMS FOR THE ARMED FORCES | $10,000 |
SAMARITAN CAR CARE CLINIC PURPOSE: FUNDING FOR NON-PROFIT CAR REPAIR SHOP AIDING LOW INCOME CLIENTS | $20,000 |
STRIVE HOUSE PURPOSE: FUNDING FOR MENTAL HEALTH SCREENINGS FOR GIRLS IN RESIDENTIAL CARE | $7,500 |
PREVENT BLINDNESS OHIO PURPOSE: SUPPORT FOR VISION CARE OUTREACH PROGRAM AIDING LOW INCOME/UNDERINSURED ADULTS AND CHILDREN | $7,500 |