Spencer Charitable Foundation
- Assets
- $1.7m
- Revenue
- $50.9k
- Investments
- $1.7m
- Employees
- 0
- Location
- Corpus Christi, TX
- Founding
- 03/1999
- Data as of
- 12/2022
- EIN
- 74-2900267
Organization Overview
Spencer Charitable Foundation is located in Corpus Christi, TX. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Spencer Charitable 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 12/2022, Spencer Charitable Foundation generated $50.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $101.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Spencer Charitable Foundation has awarded 144 individual grants totaling $831,200. 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 |
|---|---|---|---|
Andrew M Spencer President\di | 5 | $0 | |
Charlotte Spencer Stacy Secretary/di | 1 | $0 | |
Andrew M Spencer Treasurer/di | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,246 |
| Dividends & Interest | $34,697 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,963 |
| Capital Gain Net Income | $12,316 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $974 |
| Total Revenue | $50,880 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,177 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $237 |
| Total operating and administrative expenses | $17,722 |
| Contributions, gifts, grants paid | $84,100 |
| Total expenses and disbursements | $101,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,782 |
| 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 | $1,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,741,553 |
| 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, Spencer Charitable Foundation has awarded $84,100 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
CRP CHR METRO MINISTRIES PURPOSE: FOR OPERATING CHARITABLE ACTIVITIES | $5,000 |
THE SAFE PLACE PURPOSE: FOR OPERATING CHARITABLE ACTIVITIES | $2,500 |
HELPING HAND HOME FOR CHILDREN PURPOSE: FOR OPERATING CHARITABLE ACTIVITIES | $7,500 |
FAMILY ELDERCARE PURPOSE: FOR OPERATING CHARITABLE ACTIVITIES | $3,800 |
MEALS ON WHEELS PURPOSE: FOR OPERATING CHARITABLE ACTIVITIES | $3,500 |
SUNRISE BEACH VOLUNTEER FIRE DEPT PURPOSE: FOR OPERATING CHARITABLE ACTIVITIES | $1,000 |