K & A Spease Foundation
- Assets
- $23.4k
- Revenue
- $70.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Elk Grove, CA
- Founding
- Data as of
- 12/2023
- EIN
- 87-2449011
Organization Overview
K & A Spease Foundation is located in Elk Grove, CA. 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. K & A Spease 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 12/2023, K & A Spease Foundation generated $70.0k 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 (11.2%) each year. All expenses for the organization totaled $84.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, K & A Spease Foundation has awarded 71 individual grants totaling $156,139. 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 |
|---|---|---|---|
Angela Marie Spease President | 5 | $0 | |
Kevin David Spease Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $70,000 |
| Interest on Savings | $12 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $70,012 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $95 |
| Other expenses | $13,976 |
| Total operating and administrative expenses | $16,316 |
| Contributions, gifts, grants paid | $68,093 |
| Total expenses and disbursements | $84,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,128 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $11,250 |
| Total assets | $23,378 |
| 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 | $1,345 |
| Total liabilities | $1,345 |
Grants Awarded
Over the last fiscal year, K & A Spease Foundation has awarded $68,093 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
ROTARY DISTRICT 5180 FOUNDATION PURPOSE: GOLF SPONSORSHIP | $1,500 |
ELK GROVE REGIONAL SCHOLARSHIP FOUNDATIO PURPOSE: SCHOLARSHIPS | $7,500 |
COSUMNES COMMUNITY SERVICE DISTRICT PURPOSE: RAD KAROAKE NEON NIGHT | $300 |
CHICKS AND CRISIS PURPOSE: ASSIST WOMEN IN CRISIS. | $3,053 |
ELK GROVE FOOD BANK PURPOSE: THANKSGIVING TURKEY DRIVE DONATION | $5,663 |
PROJECT RIDE INC PURPOSE: CHARITABLE CONTRIBUTION | $3,757 |