The George H And Elta Spencer Thompson Foundation
- Assets
- $739.0k
- Revenue
- $20.5k
- Investments
- $699.3k
- Employees
- 0
- Location
- Sterling, CO
- Founding
- 12/1995
- Data as of
- 12/2022
- EIN
- 47-0792705
Organization Overview
The George H And Elta Spencer Thompson Foundation is located in Sterling, CO. The organization was established in 1995. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. George H And Elta Spencer Thompson 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, George H And Elta Spencer Thompson Foundation generated $20.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $59.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, George H And Elta Spencer Thompson Foundation has awarded 65 individual grants totaling $263,414. 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 |
|---|---|---|---|
Burke Radcliffe Director | 1 | $1,500 | |
Steven M Smith Treasurer/se | 1 | $6,500 | |
Stacy Schumacher Director | 1 | $1,500 | |
Stan Belieu President | 1 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,845 |
| Dividends & Interest | $15,139 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,333 |
| Capital Gain Net Income | $2,333 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $138 |
| Total Revenue | $20,455 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,773 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,025 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $18,313 |
| Contributions, gifts, grants paid | $40,990 |
| Total expenses and disbursements | $59,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $39,647 |
| 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 | $699,336 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $738,983 |
| 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, The George H And Elta Spencer Thompson Foundation has awarded $40,990 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
LIVING MEMORIAL GARDENS PURPOSE: DONATION | $2,000 |
SIDNEY PUBLIC SCHOOLS PURPOSE: DONATION | $5,000 |
UNIVERSITY OF NEBRASKA FOUNDATION PURPOSE: DONATION | $10,000 |
CHADRON STATE COLLEGE FOUNDATION PURPOSE: DONATION | $5,000 |
KIDS PLUS SIDNEY PARK PROJECT PURPOSE: DONATION | $10,000 |
NEBRASKA LUTHERAN OUTDOOR MINISTRY PURPOSE: DONATION | $2,500 |