Har-Pearl Spruill Foundation Inc
- Assets
- $1.7m
- Revenue
- $103.3k
- Investments
- $1.6m
- Employees
- 0
- Location
- Annapolis, MD
- Founding
- 10/2004
- Data as of
- 12/2023
- EIN
- 52-2327138
Organization Overview
Har-Pearl Spruill Foundation Inc is located in Annapolis, MD. The organization was established in 2004. 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. Har-Pearl Spruill Foundation 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, Har-Pearl Spruill Foundation Inc generated $103.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $140.6k during the year ending 12/2023. While expenses have increased by 3.9% per year over the past 6 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, Har-Pearl Spruill Foundation Inc has awarded 56 individual grants totaling $702,528. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SUMMER ENRICHMANT PROGRAM (SEP), FORMERLY KNOWN AS THE MARYLAND FORWARD PROGRAM, IS A PROGRAM OF GRANTS SUPPORTING EDUCATIONAL, TUTORING, AND MENTORING FOR ELEMENTARY AND MIDDLE SCHOOL CHILDREN FROM THE ANNAPOLIS, MD AREA, THROUGH 5 LOCAL PROTESTANT CHURCHES. THE PROGRAM HELPS CHILDREN WHO NEED HELP AND WHO WANT HELP. THE PROGRAM HAS BEEN OPERATING FOR THE LAST 9 YEARS AND BENEFITED 166 CHILDREN THIS PAST SUMMER. THE THEME FOR THE PROGRAM IS "EDUCATING AND ENRICHING OUR CHILDREN FOR THE FUTURE."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rudolph Ross President | 5 | $0 | |
Cynthia Y Boyd DDS Secretary | 0.25 | $0 | |
Donald Roane Director | 0.25 | $0 | |
Annetta Spruill Director | 0.25 | $0 | |
Myrtle Link Director | 0.25 | $0 | |
Wallace Williams Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $285 |
| Dividends & Interest | $84,522 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,474 |
| Capital Gain Net Income | $18,474 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $103,281 |
| 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 | $1,150 |
| Total operating and administrative expenses | $21,283 |
| Contributions, gifts, grants paid | $119,300 |
| Total expenses and disbursements | $140,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,055 |
| Savings and temporary cash investments | $121,196 |
| 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 | $1,745,990 |
| 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, Har-Pearl Spruill Foundation Inc has awarded $119,300 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ASBURY UNITED METHODIST CHURCH PURPOSE: SUMMER ENRICHMENT PROGRAM, SUMMER TUTORING AND MENTORING | $20,000 |
ANGELA BELT SUMMER ENRICHMENT PROGRAM PURPOSE: SUMMER ENRICHMENT PROGRAM, SUMMER TUTORING AND MENTORING | $5,000 |
FIRST BAPTIST CHURCH PURPOSE: SUMMER ENRICHMENT PROGRAM, SUMMER TUTORING AND MENTORING | $20,000 |
FIRST CHRISTIAN COMMUNITY CHURCH PURPOSE: SUMMER ENRICHMENT PROGRAM, SUMMER TUTORING AND MENTORING | $20,000 |
FRANKLIN UNITED METHODIST CHURCH PURPOSE: SUMMER ENRICHMENT PROGRAM, SUMMER TUTORING AND MENTORING | $20,000 |
MT OLIVE AME CHURCH PURPOSE: SUMMER ENRICHMENT PROGRAM, SUMMER TUTORING AND MENTORING | $20,300 |