Matt & Lori Spahn Foundation
- Assets
- $416.2k
- Revenue
- $87.8k
- Investments
- $971.0
- Employees
- 0
- Location
- Weatherford, TX
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 47-1227689
Organization Overview
Matt & Lori Spahn Foundation is located in Weatherford, TX. The organization was established in 2014. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Matt & Lori Spahn 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 12/2023, Matt & Lori Spahn Foundation generated $87.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $35.2k during the year ending 12/2023. While expenses have increased by 13.7% per year over the past 9 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 2015, Matt & Lori Spahn Foundation has awarded 47 individual grants totaling $171,629. 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.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Spahn Director | 0 | $0 | |
Lori Spahn Director | 0 | $0 | |
Phoebe Spahn Director | 0 | $0 | |
Colton Spahn Director | 0 | $0 | |
Wyatt Spahn Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $78,320 |
| Interest on Savings | $9,392 |
| Dividends & Interest | $77 |
| 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 | $87,789 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $925 |
| Contributions, gifts, grants paid | $34,234 |
| Total expenses and disbursements | $35,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $415,222 |
| 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 | $416,193 |
| 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, Matt & Lori Spahn Foundation has awarded $34,234 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ST PAUL HIGH SCHOOL PURPOSE: CONTRIBUTION TO SCHOLARSHIP FUND | $500 |
CRU PURPOSE: CAMPUS MINISTRY CONTRIBUTIONS | $3,350 |
ASSEMBLIES OF GOD PURPOSE: SUPPORT FOR GROUP OF CHURCHES AROUND THE COUNTRY | $21,200 |
BETHESDA UNITED METHODIST CHURCH PURPOSE: BETHESDA UNITED METHODIST CHURCH OPERATIONS | $3,846 |
GRACE BIBLE CHURCH PURPOSE: GRACE BIBLE CHURCH OPERATIONS | $1,000 |
PAUL TRIPP MINISTRIES INC PURPOSE: MINISTRY OPERATIONS | $2,500 |