Robert H Spitz Foundation
- Assets
- $15.1m
- Revenue
- $381.2k
- Investments
- $14.8m
- Employees
- 0
- Location
- Scranton, PA
- Founding
- 04/2015
- Data as of
- 12/2022
- EIN
- 47-2589350
Organization Overview
Robert H Spitz Foundation is located in Scranton, PA. The organization was established in 2015. 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. Robert H Spitz 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 12/2022, Robert H Spitz Foundation generated $381.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (30.4%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Robert H Spitz Foundation has awarded 212 individual grants totaling $3,936,353. 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 |
|---|---|---|---|
Jacob Nogi Trustee | 1 | $7,500 | |
Frank Mcgrath Trustee | 1 | $7,500 | |
Jed Rubenfeld Trustee | 1 | $7,500 | |
Diana Holdridge Trustee | 1 | $7,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $42 |
| Dividends & Interest | $861,504 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$480,324 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $381,222 |
| 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 | $58,326 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $11 |
| Printing and publications | $0 |
| Other expenses | $43,181 |
| Total operating and administrative expenses | $188,953 |
| Contributions, gifts, grants paid | $819,985 |
| Total expenses and disbursements | $1,008,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,769 |
| Savings and temporary cash investments | $0 |
| 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 | $169,489 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,752,320 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,081,578 |
| 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, Robert H Spitz Foundation has awarded $819,985 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
ADOPT A BOXER RESCUE PURPOSE: FOR THE PURPOSE OF "THE PUPPY MILL PROJECT" | $10,000 |
ADOPT A SINGLE MOTHER PROJECT PURPOSE: FOR THE PURPOSE OF THE HOMEOWNER INITIATIVE | $10,000 |
BIG BROTHERS BIG SISTERS OF NORTHEASTERN PA PURPOSE: FOR THE PURPOSE OF BIG BROTHER BIG SISTERS OF NORTHEASTERN PA OPERATIONAL SUPPORT | $10,000 |
AMERICAN RED CROSS PURPOSE: FOR THE PURPOSE OF SERVICES TO THE ARMED FORCES. | $5,000 |
COMMISSION ON ECONOMIC OPPORTUNITY PURPOSE: FOR THE PURPOSE OF WEINBERG REGIONAL FOOD BANK EXPANSION | $20,000 |
CATHERINE MCAULEY CENTER PURPOSE: FOR THE PURPOSE OF FAMILY SUPPORT PROGRAM FOR THE PREVENTION OF HOMELESSNESS | $5,000 |