Spencer Industries Foundation

Organization Overview

Spencer Industries Foundation is located in Spencer, IA. The organization was established in 1965. 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. Spencer Industries Foundation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 09/2023, Spencer Industries Foundation generated $9.9k 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 (32.7%) each year. All expenses for the organization totaled $196.5k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990EZ Filing

TAX YEAR

2023

Describe the Organization's Program Activity:

Part 3

TO PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS IN SPENCER, IOWA AND SURROUNDING AREAS.


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Board, Officers & Key Employees

Name (title)Compensation
Philip Ramstack
President
$0
Clark Cunningham
Director
$0
Kent Nelson
Vice President
$0
Mike Bryan
Director
$0
Jason Warren
Secretary
$0
Loren Reit
Director
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$9,726
Total Program Service Revenue$0
Membership dues$0
Investment income $133
Gain or Loss$0
Net Income from Gaming & Fundraising$0
Other Revenue$0
Total Revenue$9,859

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