Norman Spero Day School Endowment Fund

Organization Overview

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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2020

Describe the Organization's Program Activity:

Part 3 - Line 4a

N/A


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Board, Officers & Key Employees

Name (title)Compensation
Michael Wieder
Trustee
$0
Barry A Lefko
Trustee
$0
Steven Soclof
Trustee
$0

Financial Statements

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

Grants Awarded

Over the last fiscal year, Norman Spero Day School Endowment Fund has awarded $34,968 in support to 7 organizations.

Grant RecipientAmount

HEBREW ACADEMY OF CLEVELAND

PURPOSE: ROOM DEDICATION

$12,274

FUCHS MIZRACHI SCHOOL

PURPOSE: HIGH SCHOOL RETREAT

$11,003

GROSS SCHECHTER DAY SCHOOL

Org PageRecipient Profile

Pepper Pike, OH

PURPOSE: EDUCATIONAL PROGRAM

$6,941

CAMP STONE

PURPOSE: SCHOLARSHIPS

$3,000

GREEN ROAD SYNAGOGUE

Org PageRecipient Profile

Beachwood, OH

PURPOSE: YOUTH PROGRAM AND CAMP STONE SCHOLARSHIPS

$1,000

YOUNG ISRAEL OF GREATER CLEVELAND

PURPOSE: YOUTH PROGRAM

$500
View Grant Profile

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