The George H And Elta Spencer Thompson Foundation
- Assets
- $777.8k
- Revenue
- $128.4k
- Investments
- $616.7k
- Employees
- 0
- Location
- Sterling, CO
- Founding
- 12/1995
- Data as of
- 12/2021
- EIN
- 47-0792705
Organization Overview
The George H And Elta Spencer Thompson Foundation is located in Sterling, CO. The organization was established in 1995. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. George H And Elta Spencer Thompson 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 12/2021, George H And Elta Spencer Thompson Foundation generated $128.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $60.3k during the year ending 12/2021. While expenses have increased by 1.7% 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, George H And Elta Spencer Thompson Foundation has awarded 56 individual grants totaling $222,424. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven M Smith Treasurer/se | 1 | $6,500 | |
Stacy Schumacher Director | 1 | $1,500 | |
Stan Belieu President | 1 | $1,500 | |
Burke Radcliffe Director | 1 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,866 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $107,357 |
| Capital Gain Net Income | $107,357 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $197 |
| Total Revenue | $128,420 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $387 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $592 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,498 |
| Contributions, gifts, grants paid | $45,846 |
| Total expenses and disbursements | $60,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $161,161 |
| 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 | $616,670 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $777,831 |
| 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, The George H And Elta Spencer Thompson Foundation has awarded $45,846 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF NEBRASKA FOUNDATION PURPOSE: DONATION | $10,000 |
KIDS PLUS SIDNEY PARK PROJECT PURPOSE: DONATION | $10,000 |
Sidney, NE PURPOSE: DONATION | $6,925 |
Chadron, NE PURPOSE: DONATION | $5,000 |
SIDNEY PUBLIC SCHOOLS PURPOSE: DONATION | $5,000 |
Sidney, NE PURPOSE: DONATION | $4,060 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John P Ellbogen Foundation Laramie, WY | $46,423,424 | $5,451,826 |
Caring For Colorado Centennial Fund Denver, CO | $31,808,788 | $10,829,484 |
Business Technology Career Opportunities Inc Wichita, KS | $9,779,338 | $4,681,972 |
Barton Institute For Community Action Denver, CO | $34,619,921 | $16,322,072 |
Forever Young Foundation Bountiful, UT | $7,150,368 | $5,097,036 |
Dreiseszun Family Foundation Overland Park, KS | $64,188,669 | $5,783,291 |
Lensic Performing Arts Center Corporation Santa Fe, NM | $15,012,313 | $4,156,320 |
Marvin And Virgina Schmid Foundation Bellevue, NE | $28,131,628 | $2,731,281 |
The Enrichment Foundation Omaha, NE | $53,133,352 | $2,887,034 |
Clarendon Foundation Sandy, UT | $9,714,248 | $1,864,583 |
Arizona School Choice Trust Inc Chandler, AZ | $1,968,579 | $1,563,755 |
Colorado State Patrol Family Foundation Lakewood, CO | $3,544,334 | $2,358,520 |