Spruance Foundation Ii
- Assets
- $1.6m
- Revenue
- $86.9k
- Investments
- $1.6m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-1564619
Organization Overview
Spruance Foundation Ii is located in Wilmington, DE. The organization was established in 2014. 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. Spruance Foundation Ii is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Spruance Foundation Ii has awarded 37 individual grants totaling $1,068,999. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $47 |
| Dividends & Interest | $88,400 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,561 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $86,886 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39,829 |
| Total operating and administrative expenses | $75,258 |
| Contributions, gifts, grants paid | $190,000 |
| Total expenses and disbursements | $265,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,358 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,636,518 |
| 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, Spruance Foundation Ii has awarded $190,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
STEADMAN PHILIPPON RESEARCH INSTITUTE PURPOSE: MEDICAL RESEARCH | $60,000 |
THE PROPERTY AND ENVIRONMENT RESEARCH CENTER PURPOSE: ENVIRONMENTAL RESEARCH | $65,000 |
JOHNS HOPKINS UNIVERSITY PURPOSE: MEDICAL RESEARCH | $50,000 |
THE COMMON GROUND PROJECT PURPOSE: ENVIRONMENTAL EDUCATION | $5,000 |
PARK COUNTY ENVIRONMENTAL COUNCIL PURPOSE: ENVIRONMENTAL EDUCATION | $10,000 |