Spence Asset Management Foundation

Organization Overview

Spence Asset Management Foundation is located in Las Cruces, NM. The organization was established in 2012. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Spence Asset Management 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, Spence Asset Management Foundation generated $40.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $23.2k during the year ending 12/2022. While expenses have increased by 6.4% per year over the past 7 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 2016, Spence Asset Management Foundation has awarded 18 individual grants totaling $105,035. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MISSION OF THE FOUNDATION IS TO SUPPORT LOCAL COMMUNITY ORGANIZATIONS BY GRANTS OR CONTRIBUTING FUNDS TO ORGANIZATIONS WITH A FOCUS ON EDUCATION AND HEALTH.


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Board, Officers & Key Employees

Name (title)Compensation
Eric Walton
President
$0
Sheila Walton
Treasurer
$0
Carrie Nestle
Secretary
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $40,000
Interest on Savings $0
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $40,000

Grants Awarded

Over the last fiscal year, Spence Asset Management Foundation has awarded $19,225 in support to 3 organizations.

Grant RecipientAmount

6TH MAN CLUB

PURPOSE: SUPPORT HIGH SCHOOL ATHLETICS

$5,000

HEARTS FOR AUTISM

PURPOSE: SUPPORT LOCAL NON-PROFIT

$2,000

VARIOUS ORGANIZATIONS

PURPOSE: SUPPORT LOCAL NON-PROFITS, SCHOOLS

$12,225
View Grant Profile

Peer Organizations

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