Spaulding Foundation
- Assets
- $28.7m
- Revenue
- $2.6m
- Investments
- $27.7m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 06/1984
- Data as of
- 02/2022
- 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 02/2022, Spaulding Foundation generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 28.8% each year . All expenses for the organization totaled $1.9m during the year ending 02/2022. While expenses have increased by 0.3% per year over the past 4 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 2021, Spaulding Foundation has awarded 95 individual grants totaling $2,843,970. 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 |
|---|---|---|---|
John E Prather President | 40 | $155,834 | |
James R Marlow Trustee | 15 | $14,700 | |
Lisa L Prather Trustee | 10 | $12,700 | |
Linda K Marlow Trustee | 10 | $12,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23 |
| Dividends & Interest | $1,268,408 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,309,090 |
| Capital Gain Net Income | $1,309,090 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,577,521 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $195,934 |
| Other employee salaries and wages | $42,167 |
| Pension plans, employee benefits | $52,136 |
| Interest | $0 |
| Taxes | $49,536 |
| Depreciation | $0 |
| Occupancy | $26,137 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,533 |
| Total operating and administrative expenses | $612,874 |
| Contributions, gifts, grants paid | $1,254,600 |
| Total expenses and disbursements | $1,867,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,187 |
| Savings and temporary cash investments | $939,118 |
| 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 | $28,739,336 |
| 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, Spaulding Foundation has awarded $1,254,600 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
CINCINNATI ZOO & BOTANICALGARDEN PURPOSE: CAPITAL SUPPORT FOR EXPANSION AND RENOVATION OF GORILLA WORLD EXHIBIT | $450,000 |
Cincinnati, OH PURPOSE: CAPITAL FUNDING TO CONSTRUCT NEW BUILDING IN PRICE HILL TO ENCOMPASS ALL SERVICES AT ONE LOCATION | $50,000 |
Cincinnati, OH PURPOSE: SUPPORT FOR RISE BEYOND VIOLENCE CAPITAL CAMPAIGN TO EXPAND PROGRAMS AND SERVICES FOR DOMESTIC VIOLENCE VICTIMS | $35,000 |
Cincinnati, OH PURPOSE: FUNDING FOR EXPANSION OF BEYOND THE CLASSROOM PROGRAM INTEGRATING MENTAL HEALTH AND SUPPORT SERVICES IN SCHOOLS | $30,000 |
Cincinnati, OH PURPOSE: FUNDING FOR PILOT PEDIATRIC MENTAL HEALTH URGENT CARE CLINIC, CRISIS LINE AND COST ASSISTANCE | $30,000 |
CINCINNATI ASSOCIATION FOR THEBLIND & VISUALLY IMPAIRED PURPOSE: FUNDING FOR ACCESS TECHNOLOGY SERVICES TRAINING LAB EQUIPMENT AND ADAPTIVE EQUIPMENT/INSTRUCTION FOR PEOPLE WITH FINANCIAL NEED | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |