Nancy Somers Family Foundation
- Assets
- $733.2k
- Revenue
- $16.0k
- Investments
- $696.5k
- Employees
- 0
- Location
- Lakewood, CO
- Founding
- 07/2018
- Data as of
- 12/2022
- 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 12/2022, Nancy Somers Family Foundation generated $16.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (51.2%) each year. All expenses for the organization totaled $178.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Nancy Somers Family Foundation has awarded 71 individual grants totaling $551,500. 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 |
|---|---|---|---|
Nancy M Somers President | 15 | $0 | |
Gina S Spigarelli Director | 1 | $1,000 | |
Monica N Spigarelli Treasurer/secretary | 15 | $21,000 | |
Joseph A Spigarelli Director | 1 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,231 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,224 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,007 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $23,000 |
| 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 | $7,043 |
| Total operating and administrative expenses | $30,043 |
| Contributions, gifts, grants paid | $148,500 |
| Total expenses and disbursements | $178,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,687 |
| 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 | $733,168 |
| 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 $148,500 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AVIVO PURPOSE: GENERAL FUND | $15,000 |
AVENUES FOR HOMELESS YOUTH PURPOSE: GENERAL FUND | $10,000 |
GREATER MINNEAPOLIS CRISIS NURSERY PURPOSE: GENERAL FUND | $5,000 |
COMMONBOND COMMUNITIES PURPOSE: GENERAL FUND | $15,000 |
IMMIGRANT LAW CENTER OF MINNESOTA PURPOSE: GENERAL FUND | $5,000 |
JEREMIAH PROGRAM PURPOSE: GENERAL FUND | $5,000 |