Springhouse Foundation
- Assets
- $6.2m
- Revenue
- $457.9k
- Investments
- $6.2m
- Employees
- 0
- Location
- Austin, TX
- Founding
- 05/2019
- Data as of
- 12/2021
- 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 12/2021, Springhouse Foundation generated $457.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (56.7%) each year. All expenses for the organization totaled $305.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Springhouse Foundation has awarded 57 individual grants totaling $977,499. 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
2021
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.
DISTRIBUTION OF FUNDS TO SUPPORT CHARITABLE, SCIENTIFIC, RELIGIOUS, AND EDUCATIONAL PURPOSES TO OTHER 501(C)(3) ORGANIZATIONS ENGAGED IN SUCH PURPOSES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel W Herd Director | 1 | $0 | |
Jason D Herd Director | 1 | $0 | |
Valerie H Parker Director | 1 | $0 | |
Paula T Herd Director | 1 | $0 | |
James Chico Parker Director | 1 | $0 | |
Anna B Herd Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $122,167 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $309,286 |
| Capital Gain Net Income | $309,286 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $26,470 |
| Total Revenue | $457,923 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,260 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $323 |
| Total operating and administrative expenses | $21,857 |
| Contributions, gifts, grants paid | $283,333 |
| Total expenses and disbursements | $305,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,692 |
| 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 | $292,496 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,196,957 |
| 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 $283,333 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
DELL CHILDREN'S MEDICAL CENTER FOUNDATION PURPOSE: GENERAL OPERATIONS | $65,000 |
Austin, TX PURPOSE: GENERAL OPERATIONS | $48,333 |
SAFE PURPOSE: GENERAL OPERATIONS | $40,000 |
Austin, TX PURPOSE: GENERAL OPERATIONS | $25,000 |
Austin, TX PURPOSE: GENERAL OPERATIONS | $20,000 |
Austin, TX PURPOSE: GENERAL OPERATIONS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kirkpatrick Family Affiliated Fund Ok City Community Foundation Inc Oklahoma City, OK | $324,040,869 | $11,766,230 |
John L Santikos Charitable Foundation San Antonio, TX | $496,690,264 | -$37,218,989 |
Bokf Foundation Tulsa, OK | $18,840,585 | $10,529,453 |
Barbara Bush Houston Literacy Foundation Houston, TX | $10,679,389 | $4,314,808 |
San Jacinto Community College Foundation Pasadena Texas Pasadena, TX | $44,430,086 | $3,138,772 |
Northshore Community Foundation Covington, LA | $35,281,290 | $6,747,266 |
Cardwell Foundation El Paso, TX | $19,559,398 | $1,253,367 |
Boys And Girls Club Of Benton County Bentonville, AR | $4,739,597 | $3,092,938 |
Highland Dallas Foundation Inc Dallas, TX | $58,559,322 | $4,564,179 |
Tarrant County College Foundation Fort Worth, TX | $35,706,902 | $3,034,806 |
William C Schumacher Family Foundation Lafayette, LA | $29,256,069 | $1,867,606 |
Charitable Holdings Ii Austin, TX | $3,026,494 | $996,055 |