Spastic Children S Endowment Foundation
- Assets
- $89.3m
- Revenue
- $9.8m
- Investments
- $84.3m
- Employees
- 0
- Location
- Woodland Hills, CA
- Founding
- 04/1973
- Data as of
- 06/2021
- EIN
- 23-7261108
Organization Overview
Spastic Children S Endowment Foundation is located in Woodland Hills, CA. The organization was established in 1973. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spastic Children S Endowment 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 06/2021, Spastic Children S Endowment Foundation generated $9.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $244.0k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Spastic Children S Endowment Foundation has awarded 14 individual grants totaling $34,921,666. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RECEIVE FUNDS FOR AND TO DISTRIBUTE FUNDS TO UNITED CEREBRAL PALSY/SPASTIC CHILDRENS FDN OF LA & VENTURA COUNTIES.
Describe the Organization's Program Activity:
TO RECEIVE AND MANAGE FUNDS FOR AND TO DISTRIBUTE FUNDS TO UNITED CEREBRAL PALSY/SPASTIC CHILDRENS FOUNDATION OF LOS ANGELES & VENTURA COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Longo Treasurer | OfficerTrustee | 1 | $0 |
Peter William Shapiro President | OfficerTrustee | 1 | $0 |
Michael Glowacki Secretary | OfficerTrustee | 1 | $0 |
Joseph Simoneschi CFO | Officer | 20 | $0 |
Lori Anderson CEO | Officer | 20 | $0 |
Derek Rogers Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $332,423 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $332,423 |
| Total Program Service Revenue | $0 |
| Investment income | $1,161,309 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,499,409 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,844,178 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $73,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,723 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $127,694 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,136 |
| All other expenses | $13,446 |
| Total functional expenses | $243,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,905,072 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $84,340,735 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,984 |
| Total assets | $89,271,791 |
| Accounts payable and accrued expenses | $7,401 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,401 |
| Net assets without donor restrictions | $79,522,778 |
| Net assets with donor restrictions | $9,741,612 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $89,271,791 |
Grants Awarded
Over the last fiscal year, Spastic Children S Endowment Foundation has awarded $13,320,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Woodland Hills, CA PURPOSE: TO SUPPORT THE COST OF MOMENTUM'S VARIOUS PROGRAM ACTIVITIES. | $6,410,000 |
Woodland Hills, CA PURPOSE: TO SUPPORT THE COST OF MOMENTUM'S VARIOUS PROGRAM ACTIVITIES. | $6,410,000 |
Carpinteria, CA PURPOSE: TO SUPPORT THE COST OF MOMENTUM WORK, INC.'S VARIOUS PROGRAM ACTIVITIES.DISTRIBUTION | $250,000 |
Carpinteria, CA PURPOSE: TO SUPPORT THE COST OF MOMENTUM WORK, INC.'S VARIOUS PROGRAM ACTIVITIES.DISTRIBUTION | $250,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Spastic Children S Endowment Foundation has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Jose G Duarte Scholarship Foundation Pasadena, CA PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rise Inc Mesa, AZ | $71,845,884 | $94,957,913 |
Turning Point Community Programs Rancho Cordova, CA | $26,901,772 | $60,818,949 |
Partnerships In Community Living Inc Monmouth, OR | $10,583,131 | $36,313,946 |
Angel View Inc Cathedral City, CA | $36,939,934 | $41,112,797 |
Marc Community Resources Inc Mesa, AZ | $35,242,671 | $36,227,990 |
The Arc Of San Diego San Diego, CA | $35,754,520 | $33,637,194 |
Lifehouse Inc San Rafael, CA | $13,697,888 | $29,277,742 |
Exceptional Childrens Foundation A Corp Culver City, CA | $44,314,733 | $28,260,751 |
Adjoin San Diego, CA | $11,260,161 | $26,583,145 |
Beacon Group Inc Tucson, AZ | $22,203,870 | $24,274,015 |
Jay Nolan Community Services Inc Mission Hills, CA | $15,316,390 | $23,048,805 |
Contra Costa Arc Martinez, CA | $14,109,565 | $17,462,782 |