Spunk Fund Inc
- Assets
- $15.6m
- Revenue
- $517.4k
- Investments
- $13.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1982
- Data as of
- 12/2021
- EIN
- 13-3116094
Organization Overview
Spunk Fund Inc is located in New York, NY. The organization was established in 1982. 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. Spunk Fund Inc 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, Spunk Fund Inc generated $517.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Spunk Fund Inc has awarded 110 individual grants totaling $5,044,750. 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 |
|---|---|---|---|
Leonard J Lamm Grant Officer | 20 | $101,000 | |
Leonard Lamm - Co Spunk Fund Grant Officer | 20 | $101,000 | |
Uta Seibicke - Co Spunk Fund Officer | 40 | $73,979 | |
Segundo Moscal - Co Spunk Fund Officer | 40 | $56,000 | |
Marianne Gerschel Director/president | 40 | $0 | |
Stephanie DE Vos Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
De Vos & Co Pllc | 12/30/21 | $257,302 |
Murphy Miller & Baglieri Llp | 12/30/21 | $86,300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $29,063 |
| Dividends & Interest | $444,741 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,583 |
| Capital Gain Net Income | $43,583 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $517,387 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $278,333 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $24,819 |
| Interest | $0 |
| Taxes | $28,336 |
| Depreciation | $14,042 |
| Occupancy | $283,869 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $296,683 |
| Total operating and administrative expenses | $1,269,684 |
| Contributions, gifts, grants paid | $698,150 |
| Total expenses and disbursements | $1,967,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,867,460 |
| Savings and temporary cash investments | $249,761 |
| 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 | $199,634 |
| Other assets | $120,519 |
| Total assets | $15,560,019 |
| 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, Spunk Fund Inc has awarded $698,150 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: SUPPORT THE INITIAL PHASE OF THE EDIT FOR "LIBERAL, KANSAS" LEADING TO THE FIRST FULL-LENGTH VERSION OF THE FILM AND SUPPORT CONVERTINT THE DOCUMENTARY "LIBERAL, KANSAS" FROM A FEATURE FILM INTO A MULTIPLE PART SERIES. | $130,000 |
JACOB BURNS FILM CENTER INC PURPOSE: SUPPORT THE PROGRAMS OF CLOSE-UP, A NEW INDEPENDENT INTERNATIONAL ORGANIZATION WHICH AIMS TO PROMOTE THE DEVELOPMENT OF YOUNG DOCUMENTARY FILMMAKERS FROM THE MIDDLE EAST/NORTH AFRICA REGION. | $105,000 |
New York, NY PURPOSE: RESEARCH ON LUPUS NEPHRITIS | $100,000 |
MINORS INC PURPOSE: IMPLEMENT PROJECTS TO BENEFIT 16,000 HIGHLAND ETHNIC MINORITY STUDENTS AT 100 REMOTE SCHOOLS IN FIVE PROVINCES IN NORTHERN VIETNAM AND CONTINUE TO SUPPORT FUNDRAISING EFFORTS IN THE U.S. | $80,000 |
JOHN HOPKINS PURPOSE: GENERAL SUPPORT FOR HEALTH EQUITY FOR NATIVE AMERICANS THROUGH A BROAD ARRAY OF PROGRAMS | $80,000 |
Minneapolis, MN PURPOSE: EVALUATE GENETIC MODERATION OF THE EFFECTS OF CHILD MALTREATMENT ON ADULT EPIGENETIC MODIFICATIONS, PHYSICAL HEALTH, AND MENTAL HEALTH. | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |