Phia T Xiong & Jeff D Spencer Foundation
- Assets
- $161.0k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- North St Paul, MN
- Founding
- Data as of
- 12/2023
- EIN
- 87-3929870
Organization Overview
Phia T Xiong & Jeff D Spencer Foundation is located in North St Paul, MN. 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. Phia T Xiong & Jeff D Spencer 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, Phia T Xiong & Jeff D Spencer Foundation generated $1.1m in total revenue.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHIA T XIONG AND JEFF D SPENCER FOUNDATION'S MISSION IS TO PROMOTE THE SOCIAL WELFARE OF PERSONS RESIDING IN THE SEVEN-COUNTY MINNESOTA METRO AREA BY COLLABORATING, INCREASING AND EXPANDING COMMUNITY PARTNERS. PROVIDING SERVICES, SUPPORTS AND RESOURCES TO RELIEF OF THE POOR, AGED AND DISABLED INDIVIDUALS AND/OR FAMILIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phia T Xiong President | 10 | $0 | |
Jeff D Spencer Vice President | 0 | $0 | |
Kenji Xiong Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,078,979 |
| Interest on Savings | $3 |
| 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 | $1,078,982 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $376,941 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $618,746 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $105,265 |
| Total operating and administrative expenses | $1,110,777 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,110,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,393 |
| Savings and temporary cash investments | $188 |
| Net Accounts receivable | $91,974 |
| 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 | $52,447 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $161,002 |
| Accounts payable and accrued expenses | $65,651 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $90,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $155,651 |