Springhouse Foundation
- Assets
- $5.1m
- Revenue
- $199.1k
- Investments
- $5.1m
- Employees
- 0
- Location
- Austin, TX
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 83-2459749
Organization Overview
Springhouse Foundation is located in Austin, TX. The organization was established in 2019. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Springhouse 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, Springhouse Foundation generated $199.1k 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 (56.7%) each year. All expenses for the organization totaled $297.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Springhouse Foundation has awarded 54 individual grants totaling $1,025,999. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF FUNDS TO SUPPORT CHARITABLE, SCIENTIFIC, RELIGIOUS, AND EDUCATIONAL PURPOSES TO OTHER 501(C)(3) ORGANIZATIONS ENGAGED IN SUCH PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel W Herd Director | 1 | $0 | |
Paula T Herd Director | 1 | $0 | |
Jason D Herd Director | 1 | $0 | |
Valerie H Parker Director | 1 | $0 | |
Anna B Herd Director | 1 | $0 | |
James Chico Parker Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $126,941 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $47,049 |
| Capital Gain Net Income | $47,049 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25,158 |
| Total Revenue | $199,148 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,555 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $323 |
| Total operating and administrative expenses | $28,318 |
| Contributions, gifts, grants paid | $269,333 |
| Total expenses and disbursements | $297,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,792 |
| Savings and temporary cash investments | $0 |
| 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 | $397,979 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,110,548 |
| 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, Springhouse Foundation has awarded $269,333 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
DELL CHILDREN'S MEDICAL CENTER FOUNDATION PURPOSE: GENERAL OPERATIONS | $65,000 |
EXPLORE AUSTIN PURPOSE: GENERAL OPERATIONS | $30,000 |
FRIENDS OF THE CHILDREN AUSTIN PURPOSE: GENERAL OPERATIONS | $15,000 |
GENERATION SERVE PURPOSE: GENERAL OPERATIONS | $2,500 |
HELPING HAND HOME FOR CHILDREN PURPOSE: GENERAL OPERATIONS | $33,333 |
JUNIOR LEAGUE OF AUSTIN PURPOSE: GENERAL OPERATIONS | $5,000 |