Raymond G & Estelle K Spehar Foundation
- Assets
- $3.6m
- Revenue
- $1.0m
- Investments
- $2.6m
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 11/1995
- Data as of
- 12/2022
- EIN
- 33-0679989
Organization Overview
Raymond G & Estelle K Spehar Foundation is located in Pasadena, CA. The organization was established in 1995. 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. Raymond G & Estelle K Spehar 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, Raymond G & Estelle K Spehar Foundation generated $1.0m in total revenue. All expenses for the organization totaled $148.1k during the year ending 12/2022. While expenses have increased by 44.0% per year over the past 7 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 2016, Raymond G & Estelle K Spehar Foundation has awarded 18 individual grants totaling $100,750. 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 |
|---|---|---|---|
Denisia Halligan President | 1 | $0 | |
Christopher Halligan Vice President | 1 | $0 | |
Victoria Halligan Secretary & CFO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $992,655 |
| Interest on Savings | $0 |
| Dividends & Interest | $38,015 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$14,280 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,016,390 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,607 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $30,074 |
| Contributions, gifts, grants paid | $118,068 |
| Total expenses and disbursements | $148,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $334 |
| Savings and temporary cash investments | $965,026 |
| 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 | $495,261 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,555,562 |
| 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, Raymond G & Estelle K Spehar Foundation has awarded $80,250 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEATTLE UNIVERSITY PURPOSE: SCULPTURE INSTALLATION, BASALT GESTURE #7 W/3 BUTTON GROUPING | $53,500 |
UNIVERSITY OF NEBRASKA FOUNDATION PURPOSE: DR. JAMES P. AND MARCIA S. HALLIGAN PROFESSORSHIP | $26,750 |