Galen & Ada Belle Spencer Foundation
- Assets
- $3.9m
- Revenue
- $282.6k
- Investments
- $3.7m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 05/1983
- Data as of
- 06/2022
- EIN
- 74-2259763
Organization Overview
Galen & Ada Belle Spencer Foundation is located in Denver, CO. The organization was established in 1983. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Galen & Ada Belle Spencer 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 06/2022, Galen & Ada Belle Spencer Foundation generated $282.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 41.1% each year . All expenses for the organization totaled $334.4k during the year ending 06/2022. While expenses have increased by 17.9% 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.
Since 2020, Galen & Ada Belle Spencer Foundation has awarded 54 individual grants totaling $846,500. 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 |
|---|---|---|---|
Thomas P Kearns Director, President | 0 | $0 | |
John K Weckbaugh Director, First | 0 | $0 | |
John J Silver Director, Second | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $238 |
| Dividends & Interest | $90,977 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $191,404 |
| Capital Gain Net Income | $191,404 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $282,619 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $291 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | -$738 |
| Total operating and administrative expenses | $38,942 |
| Contributions, gifts, grants paid | $295,500 |
| Total expenses and disbursements | $334,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $224,200 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,684,825 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,200 |
| Total assets | $3,912,225 |
| 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, Galen & Ada Belle Spencer Foundation has awarded $295,500 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Denver, CO PURPOSE: CHARITABLE CONTRIBUTIONS | $45,000 |
Denver, CO PURPOSE: CHARITABLE CONTRIBUTIONS | $45,000 |
Englewood, CO PURPOSE: CHARITABLE CONTRIBUTIONS | $40,000 |
CENTRAL CITY OPERA HOUSE ASSOCIATION PURPOSE: CHARITABLE CONTRIBUTIONS | $40,000 |
UNIVERSITY OF DENVER LAMONT SCHOOL OF MUSIC PURPOSE: CHARITABLE CONTRIBUTIONS | $25,000 |
HAVERN SCHOOL PURPOSE: CHARITABLE CONTRIBUTIONS | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Buffett Early Childhood Fund Omaha, NE | $9,728,090 | $31,407,344 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
Jon And Karen Huntsman Foundation Salt Lake City, UT | $0 | $68,260,311 |
El Pomar Foundation Colorado Springs, CO | $452,441,260 | $71,471,160 |
George S Eccles And Delores Dore Eccles Foundation Salt Lake City, UT | $0 | $176,040,595 |
The Lozier Foundation Omaha, NE | $440,536,134 | $84,469,210 |
Catena Foundation Carbondale, CO | $397,661,850 | $217,833,912 |
People-People-People Foundation Dated 4-19-2018 Scottsdale, AZ | $10,000,014 | $37,338,865 |