Victor E Speas Foundation- 10 04464 00
- Assets
- $29.5m
- Revenue
- $852.5k
- Investments
- $27.5m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 12/1963
- Data as of
- 12/2023
- EIN
- 44-6008340
Organization Overview
Victor E Speas Foundation- 10 04464 00 is located in Dallas, TX. The organization was established in 1963. 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. Victor E Speas Foundation- 10 04464 00 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, Victor E Speas Foundation- 10 04464 00 generated $852.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Victor E Speas Foundation- 10 04464 00 has awarded 138 individual grants totaling $7,680,724. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $904,456 |
| Net Rental Income | $122,394 |
| Net Gain on Sale of Assets | -$184,425 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,117 |
| Total Revenue | $852,451 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $194,342 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $34,641 |
| Depreciation | $2,277 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,291 |
| Total operating and administrative expenses | $385,048 |
| Contributions, gifts, grants paid | $1,933,347 |
| Total expenses and disbursements | $2,318,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,190,538 |
| 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 | $797,704 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $29,537,040 |
| 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, Victor E Speas Foundation- 10 04464 00 has awarded $1,933,347 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
LEUKEMIA & LYMPHOMA SOCIETY PURPOSE: LOCAL PATIENT FINANCIAL | $25,000 |
LEVELUP KIDS INC PURPOSE: UNRESTRICTED GENERAL | $30,000 |
NEWHOUSE INC PURPOSE: CRISIS INTERVENTION & | $60,000 |
AD HOC GROUP AGAINST CRIME PURPOSE: CENTER FOR HEALING & | $30,000 |
REDISCOVER KANSAS CITY PURPOSE: CENTER FOR POPULATION | $100,000 |
LAZARUS MINISTRIES KC PURPOSE: UNRESTRICTED GENERAL | $10,000 |