A L Spencer Foundation
- Assets
- $12.4m
- Revenue
- $510.6k
- Investments
- $11.4m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 10/1999
- Data as of
- 12/2022
- EIN
- 25-1843761
Organization Overview
A L Spencer Foundation is located in Pittsburgh, PA. The organization was established in 1999. 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. A L Spencer 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 12/2022, A L Spencer Foundation generated $510.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (26.1%) each year. All expenses for the organization totaled $830.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, A L Spencer Foundation has awarded 93 individual grants totaling $3,728,400. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David G Bluemling CPA CVA Officer | 1 | $0 | |
David G Martin President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $37,321 |
| Dividends & Interest | $290,653 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $147,412 |
| Capital Gain Net Income | $147,412 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $35,189 |
| Total Revenue | $510,575 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $59,071 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $109 |
| Total operating and administrative expenses | $151,184 |
| Contributions, gifts, grants paid | $679,000 |
| Total expenses and disbursements | $830,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $314,937 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $708,516 |
| Total assets | $12,398,393 |
| 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, A L Spencer Foundation has awarded $679,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHER BIG SISTERS OF GREATER PITTSBURGH PURPOSE: COMMUNITY BASED PROGRAM | $10,000 |
ALINA'S LIGHT INC PURPOSE: 2023 GRANT MAKING | $10,000 |
PENNIES FROM HEAVEN PURPOSE: 2023 GRANT MAKING | $5,000 |
CHILDREN'S HOSPITAL OF PITTSBURGH FOUNDATION PURPOSE: CHILDREN'S HOSPITAL OF PITTSBURGH CHILD LIFE PROGRAM | $20,000 |
PITTSBURGH PASTORAL INSTITUTE PURPOSE: OPERATING EXPENSES | $10,000 |
PINE VALLEY CAMP PURPOSE: DINING HALL PROJECT (PHASE 3) | $50,000 |