John And L A Spears Foundation Inc
- Assets
- $1.1m
- Revenue
- $120.9k
- Investments
- $1.0m
- Employees
- 0
- Location
- Lawrenceville, GA
- Founding
- 04/1999
- Data as of
- 12/2022
- EIN
- 58-2448721
Organization Overview
John And L A Spears Foundation Inc is located in Lawrenceville, GA. The organization was established in 1999. 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. John And L A Spears 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, John And L A Spears Foundation Inc generated $120.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $88.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, John And L A Spears Foundation Inc has awarded 180 individual grants totaling $539,146. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE COLLEGE AND TRADE SCHOOL SCHOLARSHIPS FIFTEEN INDIVIDUAL SCHOLARSHIP WERE PAID
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia Barber Director | 0.1 | $0 | |
Richard White Director | 0.1 | $0 | |
Marion Allen Secretary | 0.1 | $0 | |
Carolyn Yelton Director | 0.1 | $0 | |
Debra Hughes Director | 0.1 | $0 | |
R Terry Pate President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,582 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $98,296 |
| Capital Gain Net Income | $98,296 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $120,878 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,688 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,365 |
| Total operating and administrative expenses | $47,131 |
| Contributions, gifts, grants paid | $41,224 |
| Total expenses and disbursements | $88,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,855 |
| 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 | $1,078,170 |
| 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, John And L A Spears Foundation Inc has awarded $41,284 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGEA BURKE PURPOSE: SCHOLARSHIP | $3,737 |
LINLEY BROOKS PURPOSE: SCHOLARSHIP | $1,000 |
RIELY STROUD PURPOSE: SCHOLARSHIP | $3,877 |
JOSHA DAVIS PURPOSE: SCHOLARSHIP | $4,000 |
MADISEN BLACKWELL PURPOSE: SCHOLARSHIP | $2,000 |
JAKE HARMON PURPOSE: SCHOLARSHIP | $1,449 |