Spray Foundation Inc
- Assets
- $14.6m
- Revenue
- $2.2m
- Investments
- $7.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1996
- Data as of
- 12/2022
- EIN
- 58-2219018
Organization Overview
Spray Foundation Inc is located in New York, NY. The organization was established in 1996. 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. Spray 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.
For the year ending 12/2022, Spray Foundation Inc generated $2.2m 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 (13.0%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Spray Foundation Inc has awarded 186 individual grants totaling $40,231,791. 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 |
|---|---|---|---|
Clay K Kirk President | 1 | $0 | |
Jay B Chadwick Treasurer | 5 | $0 | |
Laura S Kirk Secretary | 0.5 | $0 | |
Garrett Kirk Jr Director | 0.5 | $0 | |
Christina K Kirk Director | 0.5 | $0 | |
Hazel M Nystrom Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,384,908 |
| Interest on Savings | $20 |
| Dividends & Interest | $830,705 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $23 |
| Total Revenue | $2,215,656 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $36,472 |
| Depreciation | $0 |
| Occupancy | $16,214 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $580 |
| Total operating and administrative expenses | $124,825 |
| Contributions, gifts, grants paid | $1,835,000 |
| Total expenses and disbursements | $1,959,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,609 |
| Savings and temporary cash investments | $4,308,322 |
| 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 | $2,929,753 |
| Total assets | $14,558,748 |
| 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, Spray Foundation Inc has awarded $1,835,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU PURPOSE: PROVIDE CLINICAL SCHOLARSHIPS TO PATIENTS WHO WOULD OTHERWISE NOT HAVE ACCESS TO | $50,000 |
FLAMENCO VIVO CARLOTA SANTANA PURPOSE: FLAMENCO DANCE COMPANY | $50,000 |
EARTHJUSTICE PURPOSE: ENVIRONMENTAL LAW PROGRAMS | $100,000 |
GOOD SAMARITAN HEALTH CENTER PURPOSE: PROVIDE LOW-INCOME PEOPLE ACCESS TO MEDICAL CARE | $55,000 |
AMERICAN FARMLAND TRUST PURPOSE: SUPPORT PROGRAMS AND POLICIES THAT HELP SAVE FARMLAND, FARMERS & THE ENVIRONMENT | $100,000 |
HAMPSHIRE COLLEGE ADVANCEMENT PURPOSE: JAMES BALDWIN SCHOLARS PROGRAM | $10,000 |