John And Judy Spoelhof Foundation
- Assets
- $34.2m
- Revenue
- $1.8m
- Investments
- $32.8m
- Employees
- 0
- Location
- Holland, MI
- Founding
- 12/1984
- Data as of
- 12/2022
- EIN
- 38-2492821
Organization Overview
John And Judy Spoelhof Foundation is located in Holland, MI. 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. John And Judy Spoelhof 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 12/2022, John And Judy Spoelhof Foundation generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, John And Judy Spoelhof Foundation has awarded 511 individual grants totaling $16,195,670. 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 Spoelhof President | 1 | $0 | |
Judith Spoelhof Secretary | 1 | $0 | |
Scott Spoelhof Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greenleaf Trust | 12/30/22 | $82,715 |
Vlmb Group | 12/30/22 | $164,996 |
Bayside Capital Management | 12/30/22 | $185,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $566 |
| Dividends & Interest | $826,877 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $992,293 |
| Capital Gain Net Income | $992,293 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,819,736 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $41,993 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27 |
| Total operating and administrative expenses | $478,911 |
| Contributions, gifts, grants paid | $2,313,500 |
| Total expenses and disbursements | $2,792,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,163 |
| Savings and temporary cash investments | $1,002,467 |
| 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 | $73,057 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $34,199,511 |
| 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, John And Judy Spoelhof Foundation has awarded $2,313,500 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB PURPOSE: GENERAL OPERATIONS | $65,000 |
CHILDREN'S ADVOCACY CENTER PURPOSE: GENERAL OPERATIONS | $17,500 |
AUDIO SCRIPTURE MINISTRIES PURPOSE: GENERAL OPERATIONS | $12,500 |
CITY ON A HILL MINISTRIES PURPOSE: GENERAL OPERATIONS | $10,000 |
CRITTER BARN PURPOSE: GENERAL OPERATIONS | $20,000 |
COMPASSIONATE HEART MINISTRIES PURPOSE: GENERAL OPERATIONS | $12,500 |