Charles H And Mildred E Speece Foundation
- Assets
- $6.0m
- Revenue
- $220.1k
- Investments
- $5.9m
- Employees
- 0
- Location
- Jenkintown, PA
- Founding
- 04/2015
- Data as of
- 12/2023
- EIN
- 47-2142206
Organization Overview
Charles H And Mildred E Speece Foundation is located in Jenkintown, PA. The organization was established in 2015. 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. Charles H And Mildred E Speece 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 12/2023, Charles H And Mildred E Speece Foundation generated $220.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $380.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Charles H And Mildred E Speece Foundation has awarded 26 individual grants totaling $610,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS A PRIVATE NON-OPERATING FOUNDATION AND ITS SOLE ACTIVITY IS TO MAKE GRANTS TO OTHER 501(C)(3) ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Luskus Trustee | 1 | $5,000 | |
Donald A Pizer Trustee | 1 | $0 | |
Hilary A Fuelleborn Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $216,170 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,928 |
| Capital Gain Net Income | $3,928 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $220,098 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,767 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $30,461 |
| Contributions, gifts, grants paid | $350,000 |
| Total expenses and disbursements | $380,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,699 |
| 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 | $1,872 |
| Total assets | $5,961,479 |
| 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, Charles H And Mildred E Speece Foundation has awarded $350,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
JENKINTOWN FOOD CUPBOARD PURPOSE: CHARITABLE PURPOSES | $50,000 |
HAT PACKS PURPOSE: CHARITABLE PURPOSES | $10,000 |
UPPER MERION COMMUNITY CUPBOARD PURPOSE: CHARITABLE PURPOSES | $20,000 |
PHILLY HOUSE PURPOSE: CHARITABLE PURPOSES | $30,000 |
JENKINTOWN LIBRARY PURPOSE: CHARITABLE PURPOSES | $20,000 |
UPPER MORELAND LIBRARY PURPOSE: CHARITABLE PURPOSES | $20,000 |