S Gary Spicer Sr Foundation
- Assets
- $1.2m
- Revenue
- $237.6k
- Investments
- $285.4k
- Employees
- 0
- Location
- Grosse Pointe, MI
- Founding
- 01/1998
- Data as of
- 12/2023
- EIN
- 38-3341391
Organization Overview
S Gary Spicer Sr Foundation is located in Grosse Pointe, MI. The organization was established in 1998. 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. S Gary Spicer Sr 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, S Gary Spicer Sr Foundation generated $237.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.7% each year . All expenses for the organization totaled $100.2k during the year ending 12/2023. While expenses have increased by 12.6% per year over the past 8 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 2015, S Gary Spicer Sr Foundation has awarded 314 individual grants totaling $575,880. 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 |
|---|---|---|---|
S Gary Spicer Sr President | 1 | $0 | |
Leah Haffey Secretary | 1 | $0 | |
Alan Trammell Treasurer | 1 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $13,039 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $219,513 |
| Capital Gain Net Income | $219,513 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $237,552 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $836 |
| Total operating and administrative expenses | $8,211 |
| Contributions, gifts, grants paid | $91,944 |
| Total expenses and disbursements | $100,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $664,901 |
| Savings and temporary cash investments | $200,000 |
| 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 | $33,690 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,150,262 |
| 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, S Gary Spicer Sr Foundation has awarded $91,944 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
BEAUMONT GROSSE POINTE PURPOSE: CHAPEL FUND | $150 |
DETROIT ATHLETIC CLUB PURPOSE: MILITARY BOXING EVENT | $4,500 |
GROSSE POINTE FARMS FOUNDATION PURPOSE: GENERAL SUPPORT | $200 |
FORT STREET PRESBYTERIAN CHURCH PURPOSE: GENERAL SUPPORT. | $4,850 |
MACOMB COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP FUND | $5,750 |
SAY DETROIT PURPOSE: GENERAL SUPPORT | $2,500 |