Spur Inc
- Assets
- $277.1k
- Revenue
- $348.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Marblehead, MA
- Founding
- 04/2015
- Data as of
- 12/2023
- EIN
- 47-2014980
Organization Overview
Spur Inc is located in Marblehead, MA. The organization was established in 2015. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Spur Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spur Inc 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, Spur Inc generated $348.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $338.4k during the year ending 12/2023. While expenses have increased by 14.7% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CULTIVATING A COMMUNITY OF DOERS THROUGH AN ARRAY OF MULTI GENERATIONAL VOLUNTEER OPPORTUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT SUCCESS PROVIDES NEW BACKPACKS AND SCHOOL ESSENTIALS TO OVER 600 CHILDERN IN LYNN, MARBLEHEAD, SALEM , SWAMPSCOTT
HOLIDAY CHEER PROVIDES HUNDREDS OF LOCAL CHILDERN IDENTIFIED THROUGH FOOD SHELTER AND SCHOOL COUSELORS WITH ITEMS ON THEIR WISH LIST AND WINTER ESSENTIALS IN A BUNDLE OF CHEER. WE ALSO WORK WITH AREA SHELTERS TO PROVIDE MEANINGFUL ESSENTIALS SUCH AS TOWELS, SHEETS AND TOILETRIES TO ADULTS EXPERIENCING HOMELESSNESS IN MARBLEHEAD, SALEM, SWAMPSCOTT AND LYNN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynee Krasker Schultz Executive Director | OfficerTrustee | 32 | $70,888 |
Kimberly Nothnagel Director Of Communications | OfficerTrustee | 20 | $28,686 |
Reece Dahlberg Director | Trustee | 5 | $0 |
Jackie Mongiello President | OfficerTrustee | 5 | $0 |
Suzanne Hale Director | Trustee | 5 | $0 |
Michael Gordon Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,559 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,559 |
| Total Program Service Revenue | $127,010 |
| Investment income | $5,429 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,779 |
| Net Income from Fundraising Events | $89,416 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $348,193 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $214,367 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,915 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,645 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,303 |
| Information technology | $1,416 |
| Royalties | $0 |
| Occupancy | $25,561 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $744 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,934 |
| All other expenses | $11,198 |
| Total functional expenses | $338,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,042 |
| Savings and temporary cash investments | $112,176 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,700 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,290 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $32,793 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,095 |
| Total assets | $277,096 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $45,100 |
| Total liabilities | $45,100 |
| Net assets without donor restrictions | $214,422 |
| Net assets with donor restrictions | $17,574 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $277,096 |