Spunk Fund Inc
- Assets
- $14.6m
- Revenue
- $657.9k
- Investments
- $13.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1982
- Data as of
- 12/2022
- 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 12/2022, Spunk Fund Inc generated $657.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Spunk Fund Inc has awarded 143 individual grants totaling $6,375,850. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marianne Gerschel Director/president | 40 | $0 | |
Leonard J Lamm Grant Officer | 20 | $0 | |
Stephanie DE Vos Director | 1 | $0 | |
Sherry Ellenzweig Director | 1 | $0 | |
Lloyd DE Vos Assistant Secretary | 1 | $0 | |
Leonard Lamm - Co Spunk Fund Grant Officer | 20 | $105,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
De Vos & Co Pllc | 12/30/22 | $90,596 |
Murphy Miller & Baglieri Llp | 12/30/22 | $70,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21,986 |
| Dividends & Interest | $470,058 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $165,882 |
| Capital Gain Net Income | $165,882 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $657,926 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $299,792 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $28,561 |
| Interest | $0 |
| Taxes | $22,363 |
| Depreciation | $14,042 |
| Occupancy | $165,212 |
| Travel, conferences, and meetings | $7,598 |
| Printing and publications | $0 |
| Other expenses | $413,748 |
| Total operating and administrative expenses | $1,112,312 |
| Contributions, gifts, grants paid | $631,900 |
| Total expenses and disbursements | $1,744,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $433,151 |
| 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 | $185,592 |
| Other assets | $55,183 |
| Total assets | $14,602,483 |
| 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 | $128,750 |
| Total liabilities | $128,750 |
Grants Awarded
Over the last fiscal year, Spunk Fund Inc has awarded $631,900 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
THE ROCKEFELLER UNIVERSITY PURPOSE: BIOMEDICAL RESEARCH | $6,000 |
BALLET TECH FOUNDATION INC PURPOSE: PROVIDE SUPPORT FOR DANCE INSTRUCTOR SALARIES AT THE NYC PUBLIC SCHOOL FOR DANCE, INCLUDING GRADES 9-12, DURING THE 2019-2020 ACADEMIC YEAR. | $35,000 |
CANDID PURPOSE: DUES AND OTHER. | $1,000 |
COUNCIL ON FOUNDATIONS PURPOSE: MEMBERSHIP. | $4,000 |
PHILANTHROPY NEW YORK PURPOSE: DUES AND OTHER. | $1,900 |
THE EPIDAVROS PROJECT INC 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. | $120,000 |