Norman Spero Day School Endowment Fund is located in Beachwood, OH. The organization was established in 2006. 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. Norman Spero Day School Endowment Fund 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 10/2020, Norman Spero Day School Endowment Fund generated $37.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $39.6k during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Norman Spero Day School Endowment Fund has awarded 57 individual grants totaling $259,693. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Wieder Trustee | 0.3 | $0 | |
Barry A Lefko Trustee | 0.5 | $0 | |
Steven Soclof Trustee | 0.3 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $20 |
Dividends & Interest | $26,117 |
Profit on Inventory Sales | $0 |
Other Income | $3,692 |
Total Revenue | $37,478 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Pension plans, employee benefits | $0 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Total operating and administrative expenses | $4,625 |
Contributions, gifts, grants paid | $34,968 |
Total expenses and disbursements | $39,593 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Investments—mortgage loans | $0 |
Investments—other | $381,323 |
Other assets | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Over the last fiscal year, Norman Spero Day School Endowment Fund has awarded $34,968 in support to 7 organizations.
Grant Recipient | Amount |
---|---|
HEBREW ACADEMY OF CLEVELAND PURPOSE: ROOM DEDICATION | $12,274 |
FUCHS MIZRACHI SCHOOL PURPOSE: HIGH SCHOOL RETREAT | $11,003 |
Pepper Pike, OH PURPOSE: EDUCATIONAL PROGRAM | $6,941 |
CAMP STONE PURPOSE: SCHOLARSHIPS | $3,000 |
Beachwood, OH PURPOSE: YOUTH PROGRAM AND CAMP STONE SCHOLARSHIPS | $1,000 |
YOUNG ISRAEL OF GREATER CLEVELAND PURPOSE: YOUTH PROGRAM | $500 |
Organization Name | Assets | Revenue |
---|---|---|
Stanley Frankel And Judith Frankel Support Foundation Bloomfield Hills, MI | $0 | $41,274 |
Ferris Foundation Big Rapids, MI | $118,188,680 | $12,993,679 |
William H Davis & Dorothy M Davis & William C Davis Foundation Columbus, OH | $50,622,304 | $3,999,336 |
Traditions At Mill Run Columbus, OH | $9,179,158 | $5,528,068 |
Gordon Christian Trust Grand Rapids, MI | $67,207,482 | $18,378,082 |
Yung Family Foundation The Crestview Hills, KY | $4,438,622 | $34,262 |
Lang Rachel Boyce Charitable Trust Xxx-Xx-Xxxx Youngstown, OH | $0 | $17,968 |
J M Lockhart Lockhart J M Ally Herc Pittsburgh, PA | $71,861,137 | $5,661,653 |
John R Mccune Char Trust No 9721 Pittsburgh, PA | $72,660,293 | $3,170,444 |
Stanita Foundation Greenwood, IN | $37,315,806 | $4,060,296 |
College Properties Of Lorain County Inc Oberlin, OH | $42,105,647 | $1,116,823 |
Elhapa Foundation Inc Lexington, KY | $43,489,972 | $1,635,816 |