Albert J Speh Jr & Claire R Speh Foundation
- Assets
- $6.5m
- Revenue
- $218.8k
- Investments
- $5.0m
- Employees
- 0
- Location
- North Aurora, IL
- Founding
- 05/1997
- Data as of
- 12/2022
- EIN
- 36-4118596
Organization Overview
Albert J Speh Jr & Claire R Speh Foundation is located in North Aurora, IL. The organization was established in 1997. 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. Albert J Speh Jr & Claire R Speh 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, Albert J Speh Jr & Claire R Speh Foundation generated $218.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $595.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Albert J Speh Jr & Claire R Speh Foundation has awarded 105 individual grants totaling $1,878,064. 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 |
|---|---|---|---|
Michelle Sharko Board Member | 1 | $0 | |
Lawrence J Speh Board Member | 1 | $0 | |
Albert Joh Speh IV Board Member | 1 | $0 | |
Lynette Wood Board President | 1 | $0 | |
Jonathan Speh Board Member | 1 | $0 | |
Shannon Dugan Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,692 |
| Dividends & Interest | $95,859 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $104,240 |
| Capital Gain Net Income | $104,240 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,984 |
| Total Revenue | $218,775 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $125,638 |
| Other employee salaries and wages | $10,115 |
| Pension plans, employee benefits | $53,546 |
| Interest | $0 |
| Taxes | $25,861 |
| Depreciation | $7,811 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,782 |
| Printing and publications | $0 |
| Other expenses | $47,410 |
| Total operating and administrative expenses | $355,205 |
| Contributions, gifts, grants paid | $240,496 |
| Total expenses and disbursements | $595,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,211,079 |
| 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 | $3,276,309 |
| Net Land, buildings, and equipment | $266,937 |
| Other assets | $4,370 |
| Total assets | $6,498,685 |
| 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 | $365 |
| Total liabilities | $365 |
Grants Awarded
Over the last fiscal year, Albert J Speh Jr & Claire R Speh Foundation has awarded $240,496 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BOTTOM LINE - CHICAGO PURPOSE: GENERAL SUPPORT | $25,000 |
FRIENDS OF BNS-BCS PURPOSE: GENERAL SUPPORT | $2,000 |
BOYS & GIRLS CLUBS OF MID CENTRAL COAST PURPOSE: EVENT SUPPORT | $10,000 |
BY THE HAND CLUB FOR KIDS PURPOSE: GENERAL SUPPORT | $50,000 |
JALOPY THEATER PURPOSE: GALA EVENT SUPPORT | $6,500 |
LITTLE ARK PURPOSE: GENERAL SUPPORT | $5,000 |