W L S Spencer Foundation
- Assets
- $10.6m
- Revenue
- $2.7m
- Investments
- $9.7m
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/1995
- Data as of
- 12/2021
- EIN
- 13-3799186
Organization Overview
W L S Spencer Foundation is located in New York, NY. The organization was established in 1995. 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. W L S 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 12/2021, W L S Spencer Foundation generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 7 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 2014, W L S Spencer Foundation has awarded 265 individual grants totaling $9,724,422. 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 |
|---|---|---|---|
John S Wadsworth Jr Cio Emeritus | 2 | $0 | |
Shannon Wadsworth Director | 2 | $0 | |
Bette Sue Wadsworth CEO Emeritus | 2 | $0 | |
Christopher Wadsworth Director | 2 | $0 | |
Paul William Peppis Vice President | 2 | $0 | |
Elizabeth Jane Wadsworth CEO | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pacific Foundation Services | 12/30/21 | $108,172 |
Dodge & Cox | 12/30/21 | $76,988 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,140,125 |
| Interest on Savings | $195 |
| Dividends & Interest | $245,802 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,310,086 |
| Capital Gain Net Income | $1,310,086 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,696,208 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,783 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,574 |
| Total operating and administrative expenses | $223,767 |
| Contributions, gifts, grants paid | $1,481,447 |
| Total expenses and disbursements | $1,705,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,733 |
| Savings and temporary cash investments | $831,164 |
| 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 | $391,119 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,574,247 |
| 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, W L S Spencer Foundation has awarded $1,676,447 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: FOR $100,000 FOR COVID RELIEF AND $100,000 DISCRETIONARY | $200,000 |
Eugene, OR PURPOSE: FOR FULL-TIME PROFESSIONAL KLCC REPORTER | $125,000 |
San Francisco, CA PURPOSE: FOR COVID-19 RELIEF FOR ARTISTS AT WORK | $100,000 |
TEACH FOR AMERICA INC PURPOSE: FOR SUPPLYING TALENT TO DOUBLE THE NUMBER OF GREAT SCHOOLS | $100,000 |
San Francisco, CA PURPOSE: FOR COVID-19 RELIEF FOR RESIST COVID TAKE 6 | $100,000 |
Eugene, OR PURPOSE: FOR FULL-TIME PROFESSIONAL KLCC REPORTER | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Synchrony Foundation Stamford, CT | $74,474,766 | $12,637,293 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |