Phineas W Sprague Memorial Foundation
- Assets
- $1.6m
- Revenue
- $129.3k
- Investments
- $1.6m
- Employees
- 0
- Location
- Mansfield, MA
- Founding
- 07/1958
- Data as of
- 12/2022
- EIN
- 04-6043554
Organization Overview
Phineas W Sprague Memorial Foundation is located in Mansfield, MA. The organization was established in 1958. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Phineas W Sprague Memorial 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, Phineas W Sprague Memorial Foundation generated $129.3k 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 (19.1%) each year. All expenses for the organization totaled $234.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Phineas W Sprague Memorial Foundation has awarded 130 individual grants totaling $615,000. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cate S Gilbane President | 0 | $0 | |
F Whittington Foster Vice President | 0 | $0 | |
Eliza H S Rowe Treasurer | 0 | $0 | |
Tilsley H Kelly Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,052 |
| Dividends & Interest | $58,035 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $70,163 |
| Capital Gain Net Income | $70,163 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $129,250 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,381 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $48 |
| Total operating and administrative expenses | $40,599 |
| Contributions, gifts, grants paid | $194,000 |
| Total expenses and disbursements | $234,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $8,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $55,684 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,570,153 |
| 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, Phineas W Sprague Memorial Foundation has awarded $194,000 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CHESTNUT FOUNDATION PURPOSE: PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION REQUIREMENTS | $6,000 |
SCARBOROUGH PUBLIC LIBRARY PURPOSE: PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION REQUIREMENTS | $3,000 |
CAMP KETCHA PURPOSE: PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION REQUIREMENTS | $7,500 |
CAPE ELIZABETH HIGH SCHOOL PURPOSE: PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION REQUIREMENTS | $10,000 |
CAPE ELIZABETH LAND TRUST PURPOSE: PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION REQUIREMENTS | $5,000 |
CHILDREN'S MUSEUM & THEATRE OF MAINE PURPOSE: PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION REQUIREMENTS | $3,500 |