Spur Impact Association
- Assets
- $481.6k
- Revenue
- $2.6m
- Investments
- $120.7k
- Employees
- 2
- Location
- Wilmington, DE
- Founding
- 06/2019
- Data as of
- 09/2023
- EIN
- 82-3990289
Organization Overview
Spur Impact Association is located in Wilmington, DE. The organization was established in 2019. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Spur Impact Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spur Impact Association 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 09/2023, Spur Impact Association generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 46.9% each year . All expenses for the organization totaled $2.3m during the year ending 09/2023. While expenses have increased by 52.5% 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 2021, Spur Impact Association has awarded 24 individual grants totaling $4,217,057. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOCUSED ON CONNECTING YOUNG PROFESSIONALS AND INSPIRING THEM TO GET INVOLVED AND MAKE AN IMPACT IN THEIR CAREER AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SPUR GIVING INITIATIVE IS DESIGNED TO HELP NONPROFITS ACTIVATE YOUNGER DONORS AND NEW BOARD MEMBERS. SPUR IMPACT'S PLATFORM (DEGIVES.ORG) PROVIDES NONPROFITS AN EASY AND TURNKEY WAY TO RAISE MONEY FROM THESE AND OTHER INDIVIDUAL SUPPORTERS. SPUR IMPACT LED AND USED THE PLATFORM TO HELP ORGANIZE THE STATEWIDE DO MORE 24 DELAWARE GIVES DAY EVENT ON MARCH 2-3, 2023, WHICH RAISED MORE THAN $2.3 MILLION FOR 524 DELAWARE NONPROFITS FROM MORE THAN 17,000 UNIQUE DONORS OVER 24 HOURS.
THE OTHER SPUR IMPACT INITIATIVES INCLUDE THE NINE INNINGS OF NETWORKING (SPUR NETWORKING) AND THE PURSUIT OF HEALTH & WELLNESS (SPUR WELLNESS). THE NINE INNINGS OF NETWORKING ARE DELAWARE-FOCUSED JOB FAIR AND NETWORKING EVENTS. IN 2022-23, SPUR IMPACT HELD TWO OF THESE NETWORKING EVENTS DURING A BASEBALL GAME AT A LOCAL MINOR LEAGUE STADIUM, IN ADDITION TO OTHER NETWORKING EVENTS THROUGHOUT THE YEAR. THE NATURE OF THE EVENT AT THE BASEBALL STADIUM ALLOWS FOR A MORE RELAXED NETWORKING AND RECRUITING ATMOSPHERE BETWEEN THE PROSPECTIVE EMPLOYEES (AND OTHER ATTENDEES) AND ANY EMPLOYERS ATTENDING THE GAME. THE JOB FAIR ASPECT OF THE NINE INNINGS OF NETWORKING INITIATIVE IS EXPECTED TO BE PHASED OUT WITH A MORE INTENTIONAL FOCUS ON IN-PERSON AND HYBRID NETWORKING EVENTS THROUGHOUT THE YEAR.THE PURSUIT OF HEALTH & WELLNESS OR SPUR WELLNESS INITIATIVE IS FOCUSED ON PROMOTING HEALTH AND WELLNESS IN DIFFERENT WAYS TO THE EMERGING LEADERS AND YOUNG PROFESSIONALS IN SPUR IMPACT'S NETWORK AS WELL AS TO THE BROADER COMMUNITY. ALTHOUGH THE HEALTH FAIR EVENT IS NOT EXPECTED TO CONTINUE, SPUR IMPACT HAS CONTINUED TO DEVELOP ITS HEALTH IN HIGH HEELS WOMEN'S FOCUSED NETWORKING EVENT AND ALSO INCORPORATES HEALTH & WELLNESS TOPICS INTO MUCH OF ITS PROGRAMMING THROUGHOUT THE YEAR.
THE MILLSUMMIT IS THE PREMIER LEADERSHIP AND PROFESSIONAL DEVELOPMENT CONFERENCE DESIGNED TO HELP CONNECT EMERGING LEADERS, DIFFERENCE MAKERS, RISING STARS, AND OTHER PROFESSIONALS WHO WANT TO MAKE AN IMPACT IN THEIR CAREER AND COMMUNITY. IN 2023, THERE WERE MORE THAN 400 UNIQUE IN PERSON AND VIRTUAL ATTENDEES FROM 18 STATES, INCLUDING 61 SPEAKERS (77% OF SPEAKERS WERE WOMEN OR PERSONS OF COLOR). THE MILLSUMMIT CONTINUES TO BE AMONG THE LARGEST HYBRID CONFERENCES OF ITS KIND IN THE COUNTRY.
THE DELAWARE DIFFERENCE MAKERS ARE AN INFORMAL NETWORKING GROUP DESIGNED TO HELP THOSE WHO WORK IN THE NONPROFIT SECTOR MEET THEIR COUNTERPARTS, SHARE BEST PRACTICES, AND OTHERWISE DISCOVER NEW OR EMERGING INDUSTRY TRENDS OR EVENTS. IN 2023, SPUR IMPACT LAUNCHED THE EMERGING LEADERS COMMUNITY (ELC), A PROGRAM DESIGNED TO HELP TRAIN YOUNG PROFESSIONALS AND EMERGING LEADERS INTERESTED IN PHILANTHROPY AND NONPROFIT BOARD LEADERSHIP. THE ELC WILL HELP DEVELOP AND GROW THE TALENT PIPELINE AND HELP PLACE ELC MEMBERS ONTO NONPROFIT BOARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meghan Erdman President | OfficerTrustee | 2 | $0 |
Kristen Isaac Vice President | OfficerTrustee | 15 | $25,500 |
Brittany Keller Secretary & Treasurer | OfficerTrustee | 5 | $4,000 |
Chelsea Clark Board Member | Trustee | 1 | $0 |
Kyle Evans Board Member | Trustee | 1 | $0 |
Kevin Hunter Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $536,213 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $536,213 |
| Total Program Service Revenue | $2,023,761 |
| Investment income | $13,706 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,576,180 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,648,193 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,985 |
| Compensation of current officers, directors, key employees. | $21,197 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,716 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,816 |
| Fees for services: Management | $200 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,352 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,570 |
| Fees for services: Other | $0 |
| Advertising and promotion | $230,250 |
| Office expenses | $25,840 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,113 |
| Travel | $3,062 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,669 |
| Interest | $3,664 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,716 |
| All other expenses | $1,714 |
| Total functional expenses | $2,273,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,608 |
| Savings and temporary cash investments | $265,761 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,828 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $120,726 |
| Investments—program-related | $0 |
| Intangible assets | $1,723 |
| Other assets | $0 |
| Total assets | $481,646 |
| Accounts payable and accrued expenses | $6,898 |
| Grants payable | $4,437 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $131,454 |
| Other liabilities | $2,795 |
| Total liabilities | $145,584 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $336,062 |
| Total liabilities and net assets/fund balances | $481,646 |
Grants Awarded
Over the last fiscal year, Spur Impact Association has awarded $1,593,453 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF DELAWARE PURPOSE: SEE SCHEDULE I WORKSHEET | $1,420,408 |
SHEPHERD'S OFFICE INC PURPOSE: DEGIVES.ORG DONATIONS | $20,830 |
DELAWARE KIDS FUND PURPOSE: DEGIVES.ORG DONATIONS | $22,352 |
ROTARY CLUB OF WILMINGTON SERVICES FOUNDATION PURPOSE: DEGIVES.ORG DONATIONS | $48,075 |
URBAN BIKE PROJECT OF WILMINGTON PURPOSE: DEGIVES.ORG DONATIONS | $7,530 |
HUMANE ANIMAL PARTNERS PURPOSE: DEGIVES.ORG DONATIONS | $18,465 |