Nancy Somers Family Foundation
- Assets
- $895.7k
- Revenue
- $209.1k
- Investments
- $741.7k
- Employees
- 0
- Location
- Lakewood, CO
- Founding
- 07/2018
- Data as of
- 12/2021
- EIN
- 82-2478403
Organization Overview
Nancy Somers Family Foundation is located in Lakewood, CO. The organization was established in 2018. 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. Nancy Somers Family 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 12/2021, Nancy Somers Family Foundation generated $209.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (22.5%) each year. All expenses for the organization totaled $181.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Nancy Somers Family Foundation has awarded 54 individual grants totaling $403,000. 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 |
|---|---|---|---|
Monica N Spigarelli Treasurer/secretary | 15 | $21,000 | |
Joseph A Spigarelli Director | 1 | $6,000 | |
Gina S Spigarelli Director | 1 | $1,000 | |
Nancy M Somers President | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,571 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $187,541 |
| Capital Gain Net Income | $187,541 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $209,112 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,000 |
| 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 | $26 |
| Total operating and administrative expenses | $28,026 |
| Contributions, gifts, grants paid | $153,500 |
| Total expenses and disbursements | $181,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $154,008 |
| 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 | $895,704 |
| 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, Nancy Somers Family Foundation has awarded $153,500 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: GENERAL FUND | $15,000 |
Minneapolis, MN PURPOSE: GENERAL FUND | $15,000 |
St Paul, MN PURPOSE: GENERAL FUND | $15,000 |
THE FOOD GROUP PURPOSE: GENERAL FUND | $15,000 |
PLANNED PARENTHOOD PURPOSE: GENERAL FUND | $15,000 |
NORTH COUNTRY FOOD ALLIANCE PURPOSE: GENERAL FUND | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sorenson Legacy Foundation Midvale, UT | $495,708,411 | $38,649,828 |
Diane And Bruce Halle Foundation Scottsdale, AZ | $130,264 | $31,307,586 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Brent Eley Center Inc Aurora, CO | $0 | $0 |
Boettcher Foundation Denver, CO | $266,743,315 | $22,782,794 |
Charityvision International Inc Provo, UT | $7,076,179 | $9,590,152 |
R Foundation Kaysville, UT | $410,534 | $5,235,533 |
The Piton Foundation Denver, CO | $212,611,882 | $13,782,087 |
Stonewall Foundation Tucson, AZ | $0 | $109,268 |
Ssb Charitable Foundation Colorado Springs, CO | $10,867,168 | $21,135,487 |