Thomas Spiegel Family Foundation
- Assets
- $23.3m
- Revenue
- -$1.4m
- Investments
- $21.8m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 10/2003
- Data as of
- 12/2023
- EIN
- 33-1050281
Organization Overview
Thomas Spiegel Family Foundation is located in Las Vegas, NV. The organization was established in 2003. 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. Thomas Spiegel Family 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, Thomas Spiegel Family Foundation generated -$1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Thomas Spiegel Family Foundation has awarded 41 individual grants totaling $12,582,828. 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 |
|---|---|---|---|
Thomas Spiegel Director/cfo | 15 | $642,198 | |
Charles V Roven Director | 2.5 | $0 | |
Marilyn Spiegel Director | 16 | $59,736 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,234 |
| Dividends & Interest | $93,978 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,857,056 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $358,610 |
| Total Revenue | -$1,396,234 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $701,934 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $77,136 |
| Interest | $0 |
| Taxes | $19,381 |
| Depreciation | $0 |
| Occupancy | $67,834 |
| Travel, conferences, and meetings | $15,685 |
| Printing and publications | $0 |
| Other expenses | $1,222,127 |
| Total operating and administrative expenses | $2,257,876 |
| Contributions, gifts, grants paid | $952,351 |
| Total expenses and disbursements | $3,210,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $964,588 |
| 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 | $20,739,500 |
| Net Land, buildings, and equipment | $27,379 |
| Other assets | $477,987 |
| Total assets | $23,296,942 |
| 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 | $7,004 |
| Total liabilities | $7,004 |
Grants Awarded
Over the last fiscal year, Thomas Spiegel Family Foundation has awarded $952,351 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LEAGUE TO SAVE LAKE TAHOE PURPOSE: GENERAL | $500 |
JEWISH FEDERATION OF LAS VEGAS PURPOSE: GENERAL | $951,851 |