Spanx By Sara Blakely Foundation Inc
- Assets
- $29.6m
- Revenue
- $16.4m
- Investments
- $29.1m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 07/2006
- Data as of
- 12/2021
- EIN
- 20-5088833
Organization Overview
Spanx By Sara Blakely Foundation Inc is located in Atlanta, GA. The organization was established in 2006. According to its NTEE Classification (T30) the organization is classified as: Public 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. Spanx By Sara Blakely Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2019, Spanx By Sara Blakely Foundation Inc has awarded 27 individual grants totaling $7,969,448. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE SARA BLAKELY FOUNDATION CONTINUED TO PURSUE ITS MISSION TO ELEVATE HIGH SCHOOL WOMEN THROUGH THE DEVELOPMENT OF AN EDUCATIONAL PROGRAM. RESOURCES WERE DEDICATED TO THIS END THROUGH THE SERVICES OF A WEB DEVELOPMENT AGENCY SERVICING THE BACK-END PROGRAMMING, AND THROUGH THE CONSULTING SERVICES OF AN EDUCATION SPECIALIST WHO CONDUCTED INDUSTRY RESEARCH, AND PROVIDED A REVIEW AND RECOMMENDATION OF THE PROGRAM'S CONTENT.
IN 2021, THE SARA BLAKELY FOUNDATION CONTINUED TO PURSUE ITS MISSION TO ELEVATE WOMEN BY BEGINNING EARLY DEVELOPMENT OF A DOCUSERIES FOCUSED ON THE FOUNDATION'S MISSION AND GRANTEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Blakely Director & President | 1 | $0 | |
John Blakely Director & Vice President | 0.01 | $0 | |
Emily Luke CFO | 2 | $0 | |
Michelle Woo Executive Director | 35 | $0 | |
Bassima Mroue Director | 0.01 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wells Fargo | 12/30/21 | $50,369 |
The Northern Trust Company | 12/30/21 | $50,269 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,001,979 |
| Interest on Savings | $412,045 |
| Dividends & Interest | $58,359 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,976,945 |
| Capital Gain Net Income | $5,934,677 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,449,328 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $83,985 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $258,988 |
| Total operating and administrative expenses | $363,504 |
| Contributions, gifts, grants paid | $654,999 |
| Total expenses and disbursements | $1,018,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $476,402 |
| 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 | $322,535 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $29,608,744 |
| 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, Spanx By Sara Blakely Foundation Inc has awarded $654,999 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: GENERAL | $205,000 |
3DE NATIONAL LLC PURPOSE: CURRICULUM DEVELOPMENT | $200,000 |
Atlanta, GA PURPOSE: 1/2 GENERAL, 1/2 FOLLOW-ON INVESTMENTS VIA INVEST ATLANTA | $100,000 |
Washington, DC PURPOSE: SARA BLAKELY CENTER FOR ENTREPREUERSHIP | $50,000 |
Atlanta, GA PURPOSE: GENERAL | $33,333 |
Louisville, KY PURPOSE: DIRECT GRANTS TO RESTAURANT OWNERS BY SOUTHERN RESTAURANTS FOR RACIAL JUSTICE | $33,333 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
New Morning Foundation Columbia, SC | $9,598,750 | $10,587,010 |
University Of South Florida Institute Of Applied Engineering I Tampa, FL | $5,205,656 | $9,587,469 |
Swim Across America Inc Charlotte, NC | $6,654,266 | $9,920,780 |
The Legacy Foundation At Shell Point Inc Fort Myers, FL | $5,518,203 | $5,863,574 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Schoolseed Foundation Memphis, TN | $5,107,519 | $7,793,603 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Tampa-Orlando-Pinellas Jewish Foundation Inc Tampa, FL | $66,534,235 | $10,949,791 |
Wellstar Foundation Inc Marietta, GA | $30,643,336 | $9,116,090 |
Chapters Health Foundation Inc Temple Terrace, FL | $14,703,109 | $7,254,901 |