Spencer Community School Foundation
- Assets
- $2.3m
- Revenue
- $274.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Spencer, IA
- Founding
- 08/1988
- Data as of
- 06/2024
- EIN
- 42-1306327
Organization Overview
Spencer Community School Foundation is located in Spencer, IA. The organization was established in 1988. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2024, Spencer Community School Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spencer Community School 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 06/2024, Spencer Community School Foundation generated $274.1k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $291.9k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Spencer Community School Foundation has awarded 25 individual grants totaling $796,454. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ENHANCED LEARNING OPPORTUNITIES NOT PROVIDED FOR IN THE SCHOOL DISTRICT BUDGET FOR TEACHERS, STAFF AND STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS WERE AWARDED TO 69 GRADUATING/GRADUATED SENIORS AT SPENCER HIGH SCHOOL IN ORDER TO HELP THEM DEVELOP AND INCREASE THEIR EDUCATIONAL OPPORTUNITIES. SEE SCHEDULE O FOR THE LIST OF SCHOLARSHOP RECIPIENTS IN THE FISCAL YEAR 2023.
THIS GRANT WAS MADE TO FUND: (1) NEW TEACHER STIPENDS TO SET UP CLASSROOMS (2)LIFE LEARNING LESSONS TO SPECIAL EDUCATION STUDENTS (3) SCHOOL SUPPLIES AND BACKPACKS TO UNDERSERVED STUDENTS.
23 "MINI GRANTS" WERE GIVEN OUT TO STUDENTS AND FACULTY OF THE SPENCER COMMUNITY SCHOOL DISTRICT TO HELP MAINTAIN, DEVELOP, INCREASE AND EXTEND THE FACILITIES AND PROVIDE BROADER EDUCATIONAL SERVICE OPPORTUNITIES TO ITS STUDENTS, STAFF, AND FACULTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelly Helmink President | OfficerTrustee | 2 | $0 |
Brea Schmidt Vice President | OfficerTrustee | 2 | $0 |
Michael Bryan Treasurer | OfficerTrustee | 3 | $0 |
Terry Hemann Superintendent | Trustee | 1 | $0 |
Robert Whittenburg Secretary | OfficerTrustee | 2 | $0 |
Steve Bomgaars Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $138,887 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,887 |
| Total Program Service Revenue | $0 |
| Investment income | $70,541 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $64,246 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $274,065 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $122,893 |
| Grants and other assistance to domestic individuals. | $127,998 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,502 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,180 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,815 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $744 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $291,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,920 |
| Savings and temporary cash investments | $839,670 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,413,969 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,261,559 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $421 |
| Total liabilities | $421 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,261,138 |
| Total liabilities and net assets/fund balances | $2,261,559 |
Grants Awarded
Over the last fiscal year, Spencer Community School Foundation has awarded $122,893 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SPENCER COMMUNITY SCHOOL DIST PURPOSE: HIGER EDUCATION | $40,126 |
SPENCER COMMUNITY SCHOOL DIST PURPOSE: HIGHER EDUCATION | $82,767 |