Spencer Foundation Inc
- Assets
- $29.2k
- Revenue
- $25.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Bellmore, NY
- Founding
- 03/2017
- Data as of
- 02/2024
- EIN
- 81-2409612
Organization Overview
Spencer Foundation Inc is located in Bellmore, NY. The organization was established in 2017. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Spencer 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 02/2024, Spencer Foundation Inc generated $25.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $33.2k during the year ending 02/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Spencer Foundation Inc has awarded 22 individual grants totaling $151,664. 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 |
|---|---|---|---|
Jeanine Spencer President | 0 | $0 | |
Kathryn Del Castillo Vice Preside | 0 | $0 | |
Susan W Porter Secretary | 0 | $0 | |
Katie Coleman Treasurer | 0 | $0 | |
Nathalie Donachie Director | 0 | $0 | |
Jean Zakshevsky Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,514 |
| Interest on Savings | $92 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,606 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,172 |
| Total operating and administrative expenses | $7,198 |
| Contributions, gifts, grants paid | $26,000 |
| Total expenses and disbursements | $33,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,590 |
| Savings and temporary cash investments | $5,938 |
| 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 | $717 |
| Other assets | $0 |
| Total assets | $29,245 |
| 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 | $5,093 |
| Total liabilities | $5,093 |
Grants Awarded
Over the last fiscal year, Spencer Foundation Inc has awarded $26,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST JUDE CHILDREN'S RESEARCH HOSP PURPOSE: CURE AND TREAT CHILDHOOD CANCER | $1,000 |
NATIONAL CHILDREN'S CANCER SOCIETY PURPOSE: EDUCATIONAL SUPPORT KIDS WITH CANCER | $25,000 |