Spencer Foundation
- Assets
- $670.6m
- Revenue
- $32.5m
- Investments
- $639.0m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/1993
- Data as of
- 03/2022
- EIN
- 36-6078558
Organization Overview
Spencer Foundation is located in Chicago, IL. The organization was established in 1993. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 03/2022, Spencer Foundation generated $32.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $27.7m during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Spencer Foundation has awarded 631 individual grants totaling $81,296,624. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERS OF THE PROGRAM STAFF, WORKING INDIVIDUALLY AND IN SMALL TEAMS, CONDUCT INDEPENDENT EDUCATIONAL RESEARCH THAT PRODUCES KNOWLEDGE TO HELP THE SPENCER FOUNDATION AND OTHER FOUNDATIONS AND INSTITUTIONS ENGAGED IN EDUCATION RESEARCH AND RELATED FIELDS TO IMPROVE THEIR POLICIES AND PRACTICES. THESE STAFF MEMBERS PRODUCE INTERNAL DOCUMENTS, PUBLICATIONS, AND PRESENTATIONS AIMED AT A BROADER AUDIENCE OF EDUCATION RESEARCHERS AND, WHEN RELEVANT, PRACTITIONERS AND POLICYMAKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Na'ilah Suad Nasir President & Director | 40 | $652,517 | |
Andreason Brown CFO & Treasurer | 40 | $320,543 | |
Elizabeth Carrick Chief Of Staff & VP Of Admin. | 40 | $303,055 | |
Laura Glick Chief Investment Off | 20 | $222,155 | |
Leah Bricker Director Of Programs | 40 | $138,963 | |
Oiyan Poon Program Officer | 40 | $133,430 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dfa Investments | 3/30/22 | $117,126 |
Storbeck Search Llc | 3/30/22 | $112,000 |
Dc Baldwin Productions | 3/30/22 | $277,250 |
The Vanguard Group | 3/30/22 | $226,100 |
Wondersphere | 3/30/22 | $262,937 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $5,485 |
| Dividends & Interest | $12,641,944 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,723,396 |
| Capital Gain Net Income | $19,721,980 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,315 |
| Total Revenue | $32,472,140 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,498,624 |
| Other employee salaries and wages | $2,061,303 |
| Pension plans, employee benefits | $348,638 |
| Interest | $0 |
| Taxes | $619,446 |
| Depreciation | $198,468 |
| Occupancy | $399,912 |
| Travel, conferences, and meetings | $738,777 |
| Printing and publications | $431 |
| Other expenses | $628,472 |
| Total operating and administrative expenses | $8,611,683 |
| Contributions, gifts, grants paid | $19,087,356 |
| Total expenses and disbursements | $27,699,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600 |
| Savings and temporary cash investments | $30,580,043 |
| Net Accounts receivable | $260,053 |
| 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 | $73,765 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $711,806 |
| Other assets | $0 |
| Total assets | $670,624,797 |
| Accounts payable and accrued expenses | $342,157 |
| Grants payable | $24,434,306 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $8,367,455 |
| Total liabilities | $33,143,918 |
Grants Awarded
Over the last fiscal year, Spencer Foundation has awarded $35,984,030 in support to 389 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: NAED/SPENCER POSTDOCTORAL FELLOWSHIP PROGRAM (COHORTS 2021-22, 2022-23, 2023-24) | $2,499,872 |
Washington, DC PURPOSE: NAED/SPENCER DISSERTATION FELLOWSHIP PROGRAM (COHORTS 2021-22, 2022-23, 2023-24) | $1,705,139 |
NEW YORK UNIVERSITY PURPOSE: ORGANIZING FAMILY AND COMMUNITY: COLLECTIVE PARENT ACTION AND INTERGENERATIONAL LEARNING | $803,600 |
Berkeley, CA PURPOSE: STUDENT SUPPORTS: THE ROLE OF SOCIAL SAFETY NET PROGRAMS IN COMMUNITY COLLEGE STUDENT SUCCESS | $785,827 |
Boston, MA PURPOSE: RE-IMAGINING ALTERNATIVE EDUCATION: DESIGNING FOR GEOGRAPHIES OF CARE AND RESPONSIBILITY | $740,542 |
Columbus, OH PURPOSE: LONGITUDINAL PEER SOCIAL NETWORKS AND EARLY LANGUAGE DEVELOPMENT: TRANSFORMING UNDERSTANDING OF CRITICAL FEATURES OF YOUNG CHILDREN'S CLASSROOM EXPERIENCES | $685,439 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Spencer Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
William T Grant Foundation Inc New York, NY PURPOSE: EQUITY AND RESEARCH-PRACTICE PARTNERSHIP | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Four Lakes Education Inc Mcfarland, WI | $19,510,761 | $31,025,737 |
Spencer Foundation Chicago, IL | $670,624,797 | $32,472,140 |
Childrens First Fund The Chicago Public School Foundation Chicago, IL | $26,791,850 | $26,985,163 |
Inside Track Impact Inc Indianapolis, IN | $23,220,663 | $19,614,456 |
Lycee Francais De Chicago Inc Chicago, IL | $48,724,560 | $20,322,112 |
Strada Collaborative Inc Indianapolis, IN | $87,757,237 | $36,146,755 |
Sertoma Centre Inc Alsip, IL | $22,208,490 | $17,472,414 |
Connected Nation Inc Bowling Green, KY | $5,021,239 | $16,572,653 |
National Association Of State Procurement Officials Lexington, KY | $137,920,901 | $31,374,950 |
Cross Trails Medical Center Cape Girardeau, MO | $16,622,925 | $13,747,968 |
Institute For Quality Education Inc Indianapolis, IN | $12,107,092 | $12,010,135 |
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |