Florence And Laurence Spungenfamily Foundation
- Assets
- $8.7m
- Revenue
- $603.9k
- Investments
- $7.8m
- Employees
- 0
- Location
- Lincolnshire, IL
- Founding
- 09/2007
- Data as of
- 12/2021
- EIN
- 20-7155204
Organization Overview
Florence And Laurence Spungenfamily Foundation is located in Lincolnshire, IL. The organization was established in 2007. 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. Florence And Laurence Spungenfamily 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, Florence And Laurence Spungenfamily Foundation generated $603.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 51.0% each year . All expenses for the organization totaled $700.5k during the year ending 12/2021. While expenses have increased by 18.3% per year over the past 4 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 2020, Florence And Laurence Spungenfamily Foundation has awarded 131 individual grants totaling $1,226,366. 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
ESSENTIAL NEEDS - GRANTS ARE FOCUSED ON IMPROVING THE QUALITY OF LIFE FOR FAMILIES FACING POVERTY, FOOD INSECURITY, HOMELESSNESS, AND HEALTH CARE CHALLENGES
2. MENTAL HEALTH - GRANTS ARE FOCUSED ON FACILITATING SOCIAL AND EMOTIONAL WELLNESS SUPPORT FOR MAJOR LIFE TRANSITIONS AND IMPROVING ACCESS TO MENTAL HEALTH AND WELLNESS TREATMENT
HOLOCAUST AND GENOCIDE EDUCATION - GRANTS AND PARTNERSHIPS SUPPORT MUSEUMS AND EDUCATIONAL INSTITUTIONS THAT PROVIDE EDUCATION ABOUT THE HOLOCAUST AND GENOCIDE
SPUNGEN HOLOCAUST COLLECTION - THE SPUNGEN HOLOCAUST COLLECTION RAISES AWARENESS OF AND FACILITATES DISCUSSION ABOUT THE HOLOCAUST AND BREAKDOWNS IN HUMANITY. EXPENSES ARE INCURRED TO MAINTAIN, COLLECT AND PROMOTE OUR LIBRARY OF HOLOCAUST RELATED ARTIFACTS & MATERIALS
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 |
|---|---|---|---|
Carol Spungen Board Chair | 10 | $0 | |
Daniel Spungen Treasurer | 20 | $0 | |
Debra Spungen Vice President | 1 | $0 | |
Melissa Ament Trustee | 1 | $0 | |
Glenn Spungen Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $239,993 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $363,944 |
| Capital Gain Net Income | $363,944 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $603,937 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,840 |
| Depreciation | $2,644 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,001 |
| Printing and publications | $0 |
| Other expenses | $21,120 |
| Total operating and administrative expenses | $178,258 |
| Contributions, gifts, grants paid | $522,215 |
| Total expenses and disbursements | $700,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $4,669,077 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $846,651 |
| Total assets | $8,658,796 |
| 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 | $13,517 |
| Total liabilities | $13,517 |
Grants Awarded
Over the last fiscal year, Florence And Laurence Spungenfamily Foundation has awarded $522,215 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
ARK (THE ARK) PURPOSE: GENERAL OPERATIONS AND PURCHASE OF A NEW CARGO VAN | $37,205 |
Santa Barbara, CA PURPOSE: EDUCATIONAL PROGRAMMING AND CAPITAL CAMPAIGN | $25,000 |
EQUAL HOPE (METRO CHICAGO BREAST TASK FORCE) PURPOSE: NORTHERN LAKE COUNTY SUPPORT | $25,000 |
GOOD SAMARITAN SHELTER FOR DIGNITY MOVES PURPOSE: SANTA BARBARA INTERIM SUPPORTIVE HOUSING COMMUNITY | $25,000 |
Santa Barbara, CA PURPOSE: GENERAL OPERATIONS | $25,000 |
Highland Park, IL PURPOSE: GENERAL OPERATIONS | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |