Speer Charitable Trust
- Assets
- $42.9m
- Revenue
- $6.3m
- Investments
- $41.3m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 05/1989
- Data as of
- 11/2021
- EIN
- 62-1338941
Organization Overview
Speer Charitable Trust is located in Memphis, TN. The organization was established in 1989. 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. Speer Charitable Trust 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 11/2021, Speer Charitable Trust generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 32.8% each year . All expenses for the organization totaled $3.3m during the year ending 11/2021. While expenses have increased by 7.7% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Speer Charitable Trust has awarded 107 individual grants totaling $8,810,275. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C T Courtenay Trustee | 2 | $0 | |
Sarah C Watkins Secy-Treas And Trustee | 1 | $0 | |
Chris Koch Trustee | 5 | $0 | |
Stephen W Vescovo President And Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Raymond James & Associates Inc | 11/29/21 | $474,322 |
Gerber Taylor | 11/29/21 | $88,152 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $253,004 |
| Interest on Savings | $0 |
| Dividends & Interest | $748,442 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,267,899 |
| Capital Gain Net Income | $5,267,899 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,269,345 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3,886 |
| Taxes | $11,760 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $581,645 |
| Contributions, gifts, grants paid | $2,712,675 |
| Total expenses and disbursements | $3,294,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,590,668 |
| 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 | $8,739,816 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $42,902,140 |
| 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, Speer Charitable Trust has awarded $5,442,675 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
ST JUDE PURPOSE: PROGRAM RELATED | $2,000,000 |
HARWOOD CENTER PURPOSE: PROGRAM RELATED | $400,000 |
ST JUDE PURPOSE: PROGRAM RELATED | $375,200 |
Memphis, TN PURPOSE: PROGRAM RELATED | $250,000 |
Memphis, TN PURPOSE: PROGRAM RELATED | $211,000 |
CATHOLIC CHARITIES PURPOSE: PROGRAM RELATED | $206,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Willard And Pat Walker Charitable Foundation Inc Fayetteville, AR | $353,155,323 | $36,054,174 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |