Spencer Foundation
- Assets
- $597.5m
- Revenue
- $42.0m
- Investments
- $565.9m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/1993
- Data as of
- 03/2023
- EIN
- 36-6078558
Organization Overview
Spencer Foundation is located in Chicago, IL. The organization was established in 1993. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 03/2023, Spencer Foundation generated $42.0m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $28.3m during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (12.7%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Spencer Foundation has awarded 1,021 individual grants totaling $118,680,844. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERS OF THE PROGRAM STAFF, WORKING INDIVIDUALLY AND IN SMALL TEAMS, CONDUCT INDEPENDENT EDUCATIONAL RESEARCH THAT PRODUCES KNOWLEDGE TO HELP THE SPENCER FOUNDATION AND OTHER FOUNDATIONS AND INSTITUTIONS ENGAGED IN EDUCATION RESEARCH AND RELATED FIELDS TO IMPROVE THEIR POLICIES AND PRACTICES. THESE STAFF MEMBERS PRODUCE INTERNAL DOCUMENTS, PUBLICATIONS, AND PRESENTATIONS AIMED AT A BROADER AUDIENCE OF EDUCATION RESEARCHERS AND, WHEN RELEVANT, PRACTITIONERS AND POLICYMAKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Na'ilah Suad Nasir President & Director | 40 | $675,781 | |
Elizabeth Carrick Chief Of Staff & VP Of Admin. | 40 | $333,855 | |
Andreason Brown CFO & Treasurer | 40 | $317,025 | |
Judy Klippenstein Board Secy & Rec Mgr (thru 9/22) | 40 | $57,269 | |
Doris Fischer Board Secy & Rec Mgr (as Of 10/22) | 40 | $120,041 | |
Carl Cohn Director | 1 | $15,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dc Baldwin Productions | 3/30/23 | $367,050 |
Wondersphere | 3/30/23 | $292,564 |
The Vanguard Group | 3/30/23 | $184,332 |
Dfa Investments | 3/30/23 | $103,141 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $438,924 |
| Dividends & Interest | $13,031,555 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,996,864 |
| Capital Gain Net Income | $27,996,864 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,967,343 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,601,470 |
| Other employee salaries and wages | $2,118,863 |
| Pension plans, employee benefits | $819,586 |
| Interest | $0 |
| Taxes | $572,959 |
| Depreciation | $139,473 |
| Occupancy | $465,111 |
| Travel, conferences, and meetings | $1,731,769 |
| Printing and publications | $4,388 |
| Other expenses | $571,006 |
| Total operating and administrative expenses | $9,916,892 |
| Contributions, gifts, grants paid | $18,397,480 |
| Total expenses and disbursements | $28,314,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600 |
| Savings and temporary cash investments | $27,564,719 |
| Net Accounts receivable | $332,993 |
| 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 | $159,275 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $775,606 |
| Other assets | $2,763,353 |
| Total assets | $597,526,115 |
| Accounts payable and accrued expenses | $259,897 |
| Grants payable | $18,945,962 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $9,816,858 |
| Total liabilities | $29,022,717 |
Grants Awarded
Over the last fiscal year, Spencer Foundation has awarded $37,384,220 in support to 390 organizations.
| Grant Recipient | Amount |
|---|---|
DEPAUL UNIVERSITY PURPOSE: SUPPORT OF DISPLACED STUDENTS AT DEPAUL UNIVERSITY | $50,000 |
CURATORS OF THE UNIVERSITY OF MISSOURI ON BEHALF OF THE UNIVERSITY OF MISSO PURPOSE: COUNTERING THE UNINTENDED CONSEQUENCES OF SCHOOL REFORMS: COMMUNALLY-BONDED SCHOOLS RECONNECTING BLACK STUDENTS, STRENGTHENING COMMUNITIES, AND IMPROVING EDUCATIONAL OUTCOMES | $217,568 |
EDSOURCE INC PURPOSE: 2022 GENERAL SUPPORT | $1,500 |
EKLAVYA FOUNDATION PURPOSE: VOICES FROM THE MARGINS: EXPLORING POSSIBILITIES OF CONNECTING FORMAL EDUCATION TO THE FUNDS OF KNOWLEDGE OWNED BY ADIVASI COMMUNITIES | $50,000 |
DUKE UNIVERSITY PURPOSE: PROPERTY SALES AND RESIDENTIAL DISPLACEMENT OF BLACK AND HISPANIC CHILDREN IN THE AMERICAN SOUTH: IMPLICATIONS FOR SCHOOL MOBILITY AND EDUCATIONAL INEQUALITY | $74,985 |
EDITORIAL PROJECTS IN EDUCATION PURPOSE: RESEARCH-BASED STRATEGIES AND PRACTICES FOR LEARNING RECOVERY: WHAT TEACHERS AND PRINCIPALS NEED TO KNOW | $50,000 |