Gerald Sprayregen Charitable Foundation
- Assets
- $308.4k
- Revenue
- $248.8k
- Investments
- $253.3k
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 11/2018
- Data as of
- 12/2022
- EIN
- 82-5506939
Organization Overview
Gerald Sprayregen Charitable Foundation is located in Palm Beach, FL. The organization was established in 2018. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gerald Sprayregen Charitable 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, Gerald Sprayregen Charitable Foundation generated $248.8k in total revenue. All expenses for the organization totaled $292.0k during the year ending 12/2022. While expenses have increased by 27.6% per year over the past 4 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, Gerald Sprayregen Charitable Foundation has awarded 13 individual grants totaling $500,521. 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 |
|---|---|---|---|
Laura Dibello Trustee | 40 | $115,004 | |
Gerald Sprayregen Trustee | 5 | $0 | |
Seymour Sprayregen Trustee | 0 | $0 | |
Elizabeth Ferritto Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $240,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,018 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,755 |
| Capital Gain Net Income | $3,755 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $248,773 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $115,004 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,570 |
| Printing and publications | $0 |
| Other expenses | $1,729 |
| Total operating and administrative expenses | $134,024 |
| Contributions, gifts, grants paid | $158,000 |
| Total expenses and disbursements | $292,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,198 |
| Savings and temporary cash investments | $5,891 |
| 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 | $308,376 |
| 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 | $60,000 |
| Total liabilities | $60,000 |
Grants Awarded
Over the last fiscal year, Gerald Sprayregen Charitable Foundation has awarded $158,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Miami, FL PURPOSE: EDUCATIONAL | $125,000 |
JAMES FOLEY LEGACY FOUNDATION PURPOSE: CHARITABLE | $10,000 |
TEMPLE ADAS ISRAEL PURPOSE: CHARITABLE | $10,000 |
Bridgeport, CT PURPOSE: CHARITABLE | $8,000 |
LIFE'S WORC PURPOSE: CHARITABLE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Home Society Of Florida Orlando, FL | $89,249,590 | $102,339,754 |
The Task Force For Global Health Inc Decatur, GA | $76,441,049 | $81,653,857 |
Florida Network Of Youth And Family Services Inc Tallahassee, FL | $6,455,659 | $40,077,331 |
Communities Connected For Kids Inc Port St Lucie, FL | $7,522,888 | $33,591,503 |
Multi-Agency Alliance For Children Inc Atlanta, GA | $6,206,757 | $24,674,386 |
Florida United Methodist Childrens Home Inc Deltona, FL | $90,720,965 | $21,639,260 |
Florida Association Of Healthy Starts Coalitions Inc Tallahassee, FL | $4,453,905 | $12,536,359 |
Kids In Distress Inc Wilton Manors, FL | $4,592,381 | $11,764,357 |
Alabama Council On Human Relations Auburn, AL | $6,401,278 | $9,595,269 |
Bay Area Youth Services Inc Tampa, FL | $4,250,223 | $9,248,037 |
Prime Time Palm Beach County Inc Boynton Beach, FL | $1,762,006 | $7,557,029 |
Little Star Foundation Santa Rosa Beach, FL | $1,136,389 | $3,525,981 |