Robert R Sprague Foundation
- Assets
- $12.3m
- Revenue
- $896.3k
- Investments
- $12.0m
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 06/1998
- Data as of
- 05/2024
- EIN
- 95-7052355
Organization Overview
Robert R Sprague Foundation is located in Newport Beach, CA. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Robert R Sprague 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 05/2024, Robert R Sprague Foundation generated $896.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $1.0m during the year ending 05/2024. While expenses have increased by 3.4% per year over the past 5 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 2021, Robert R Sprague Foundation has awarded 94 individual grants totaling $3,713,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $74 |
| Dividends & Interest | $416,971 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $476,801 |
| Capital Gain Net Income | $476,801 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,453 |
| Total Revenue | $896,299 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,490 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,988 |
| Total operating and administrative expenses | $178,329 |
| Contributions, gifts, grants paid | $864,000 |
| Total expenses and disbursements | $1,042,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $288,895 |
| 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 | $891,363 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,279,241 |
| 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, Robert R Sprague Foundation has awarded $864,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA POLYTECHNIC STATE UNIVER PURPOSE: QUALIFIED CHARITABLE PURPOSE | $100,000 |
CALIFORNIA COMMUNITY FOUNDATION PURPOSE: QUALIFIED CHARITABLE PURPOSE | $105,000 |
CHILDREN'S HOSPITAL LOS ANGELES PURPOSE: QUALIFIED CHARITABLE PURPOSE | $50,000 |
HERMOSA BEACH EDUCATION FOUNDATION PURPOSE: QUALIFIED CHARITABLE PURPOSE | $20,000 |
HOUSING WORKS PURPOSE: QUALIFIED CHARITABLE PURPOSE | $75,000 |
KING HARBOR YOUTH FOUNDATION PURPOSE: QUALIFIED CHARITABLE PURPOSE | $20,000 |