Raymond H & Florence L Sponberg Foundation
- Assets
- $1.5m
- Revenue
- $93.2k
- Investments
- $1.5m
- Employees
- 0
- Location
- Ballwin, MO
- Founding
- 04/1993
- Data as of
- 12/2022
- EIN
- 41-6363938
Organization Overview
Raymond H & Florence L Sponberg Foundation is located in Ballwin, MO. The organization was established in 1993. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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 H & Florence L Sponberg 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 H & Florence L Sponberg Foundation generated $93.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $118.9k during the year ending 12/2022. While expenses have increased by 10.2% per year over the past 8 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 2015, Raymond H & Florence L Sponberg Foundation has awarded 481 individual grants totaling $503,600. 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 |
|---|---|---|---|
Miriam Sponberg Kagol President | 0.5 | $0 | |
Ann K Sponberg Peterson Secretary | 0.5 | $0 | |
Elaine M Sponberg Larson Treasurer | 1 | $0 | |
Michael Sponberg Foundation Manager | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12 |
| Dividends & Interest | $41,456 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,707 |
| Capital Gain Net Income | $51,707 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $93,175 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,400 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,115 |
| Total operating and administrative expenses | $28,440 |
| Contributions, gifts, grants paid | $90,500 |
| Total expenses and disbursements | $118,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,838 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,549,608 |
| 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 H & Florence L Sponberg Foundation has awarded $90,500 in support to 71 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHCITY DEFENDERS PURPOSE: TO PROMOTE JUSTICE | $875 |
CULTURAL LEADERSHIP PURPOSE: TO PROMOTE EDUCATION | $1,000 |
ECOLOGY IN CLASSROOMS PURPOSE: TO PROMOTE EDUCATION | $1,000 |
BETHANY LUTHERAN COLLEGE PURPOSE: TO PROMOTE EDUCATION | $1,500 |
FIRST PRESBYTERIAN CHURCH PURPOSE: TO PROMOTE SPIRITUALITY | $2,500 |
FRIENDS OF BWCA PURPOSE: TO PROMOTE EDUCATION | $500 |