Spur Inc
- Assets
- $302.1k
- Revenue
- $302.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Marblehead, MA
- Founding
- 04/2015
- Data as of
- 12/2021
- 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 12/2021, Spur Inc employed 5 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 12/2021, Spur Inc generated $302.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 32.7% each year . All expenses for the organization totaled $225.3k during the year ending 12/2021. While expenses have increased by 35.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CULTIVATING A COMMUNITY OF DOERS THROUGH AN ARRAY OF MULTI-GENERATIONAL VOLUNTEER OPPORTUNITIES AND YOUTH ENRICHMENT PROGRAMMING. WE ARE PASSIONATE ABOUT VOLUNTEERISM AND COMMITTED TO MAKING A TANGIBLE DIFFERENCE IN THE LIVES OF BOTH RECIPIENTS AND VOLUNTEERS, WHILE EMPOWERING OUR NEXT GENERATION OF LEADERS.SIGNIFICANT ACTIVITITIES INCLUDE STUDENT SUCCESS DRIVE, HOLIDAY CHEER DRIVE, MEAL SERVICE, VOLUNTEER ACTIVITIES (INCLUDE BEACH AND PARK CLEAN-UPS, OPERATING GARDEN FOR FOOD PANTRIES, ETC.) AND SERVICE LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT SUCCESS PROVIDES NEW BACKPACKS AND SCHOOL ESSENTIALS TO OVER 600 CHILDREN IN LYNN, MARBLEHEAD, SALEM AND SWAMPSCOTT.
HOLIDAY CHEER PROVIDES HUNDREDS OF LOCAL CHILDREN IDENTIFIED THROUGH FOOD SHELTERS AND SCHOOL COUSELORS WITH ITEMS ON THEIR WISH LIST AND WINTER ESSENTIALS IN A BUDLE 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 |
|---|---|---|---|
Lynne Krasker Schultz Executive Director | OfficerTrustee | 40 | $26,923 |
Kimberly Nothnagel Secretary | OfficerTrustee | 20 | $25,475 |
Jocelyn Cook Director Of Development | Trustee | 40 | $12,500 |
Jackie Mongiello Chair Of The Board | OfficerTrustee | 10 | $0 |
Emily Promise Treasurer | Officer | 5 | $0 |
Elizabeth Kronberg Board Member | 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 | $123,516 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $123,516 |
| Total Program Service Revenue | $66,631 |
| Investment income | $432 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,088 |
| Net Income from Fundraising Events | $107,565 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $302,232 |
| 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. | $146,260 |
| Compensation of current officers, directors, key employees. | $52,654 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $159 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,427 |
| Advertising and promotion | $0 |
| Office expenses | $1,587 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,939 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,665 |
| All other expenses | $5,924 |
| Total functional expenses | $225,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,702 |
| Savings and temporary cash investments | $128,181 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,530 |
| 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 | $2,925 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $28,784 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,995 |
| Total assets | $302,117 |
| Accounts payable and accrued expenses | $246 |
| 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 | $0 |
| Total liabilities | $246 |
| Net assets without donor restrictions | $242,218 |
| Net assets with donor restrictions | $59,653 |
| 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 | $302,117 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Spur Inc has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Turkanis Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Turkanis Family Foundation Wilmington, DE PURPOSE: CHARITABLE EVENT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Grantham Foundation For The Protection Of The Environment Boston, MA | $585,096,833 | $210,457,800 |
Candid New York, NY | $88,006,038 | $55,202,801 |
Forsyth Dental Infirmary For Children Cambridge, MA | $46,427,599 | $15,162,236 |
Fund For The Public Interest Inc Boston, MA | $38,723,767 | $15,827,211 |
Rofeh Cholim Cancer Society Inc Brooklyn, NY | $24,523,868 | $22,653,682 |
Person To Person Inc Darien, CT | $8,508,315 | $15,004,932 |
Peter Schub Foundation New York, NY | $153,451 | $8,498,000 |
Queens College Special Projects Fund Inc Flushing, NY | $53,656,603 | $7,071,081 |
Global Impact Investing Network Inc New York, NY | $6,619,298 | $6,380,097 |
Concrete Foundation Inc Craftsbury Common, VT | $101,088,945 | $16,269,821 |
Tapfound Inc New York, NY | $4,933,878 | $7,053,619 |
Chief Executives For Corporate Purpose Inc New York, NY | $5,985,740 | $5,961,385 |