Spm Foundation Inc
- Assets
- $10.1m
- Revenue
- -$240.2k
- Investments
- $4.2m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 10/1997
- Data as of
- 12/2022
- EIN
- 52-2038980
Organization Overview
Spm Foundation Inc is located in Bethesda, MD. 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. Spm Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Spm Foundation Inc has awarded 413 individual grants totaling $3,231,500. 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 |
|---|---|---|---|
Suzanne P Murphy President | 0 | $0 | |
Jamie Sue Schulte Vice President | 0 | $0 | |
Douglas Pulliam Mcdaniel Secretary | 0 | $0 | |
Margaret Ann Goldsmith Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $98,549 |
| Net Rental Income | $49,205 |
| Net Gain on Sale of Assets | -$387,969 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$240,215 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $80,431 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $64,405 |
| Depreciation | $0 |
| Occupancy | $15,989 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,698 |
| Total operating and administrative expenses | $255,250 |
| Contributions, gifts, grants paid | $998,000 |
| Total expenses and disbursements | $1,253,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,970 |
| 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 | $5,800,000 |
| Total assets | $10,125,864 |
| 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, Spm Foundation Inc has awarded $998,000 in support to 137 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN PIANISTS ASSN PURPOSE: SUPPORT SERVICES | $5,000 |
AMERICAN RED CROSS PURPOSE: SUPPORT SERVICES | $12,000 |
ANTIQUARIAN HISTORICAL SOCIETY PURPOSE: SUPPORT SERVICES | $1,000 |
ATLANIC CLASSICAL ORCHESTRA PURPOSE: SUPPORT SERVICES | $5,000 |
ARC OF MONTGOMERY COUNTY PURPOSE: SUPPORT SERVICES | $4,000 |
AVALON THEATER PROJECT PURPOSE: SUPPORT SERVICES | $1,000 |