Grace Helen Spearman Foundation
- Assets
- $13.7m
- Revenue
- $1.1m
- Investments
- $12.0m
- Employees
- 0
- Location
- Palm Springs, CA
- Founding
- 02/2003
- Data as of
- 11/2023
- EIN
- 76-0721677
Organization Overview
Grace Helen Spearman Foundation is located in Palm Springs, CA. The organization was established in 2003. 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. Grace Helen Spearman 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 11/2023, Grace Helen Spearman Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $1.2m during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Grace Helen Spearman Foundation has awarded 532 individual grants totaling $4,064,448. 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 |
|---|---|---|---|
Steven Tobin President & Director | 40 | $164,449 | |
Dirk Etchison Director | 2 | $2,500 | |
Ken Randman Director | 2 | $2,000 | |
Alma Banuelos Director & Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $38,244 |
| Dividends & Interest | $373,415 |
| Net Rental Income | $114,761 |
| Net Gain on Sale of Assets | $457,591 |
| Capital Gain Net Income | $457,591 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $100 |
| Total Revenue | $1,109,893 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $168,949 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,391 |
| Depreciation | $32,727 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $248,625 |
| Total operating and administrative expenses | $515,244 |
| Contributions, gifts, grants paid | $725,900 |
| Total expenses and disbursements | $1,241,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,925 |
| Savings and temporary cash investments | $262,639 |
| 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 | $1,348,639 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,670,756 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $23,038 |
| Total assets | $13,671,616 |
| 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 | $37,306 |
| Total liabilities | $37,306 |
Grants Awarded
Over the last fiscal year, Grace Helen Spearman Foundation has awarded $725,900 in support to 82 organizations.
| Grant Recipient | Amount |
|---|---|
ADULT HEALTH & FITNESS TODAY PURPOSE: TO PROMOTE IMPROVED HEALTH AND WELLNESS FOR ADULTS 45+ | $3,000 |
ACT FOR MULTIPLE SCLEROSIS PURPOSE: TO PROVIDE SERVICES TO RESIDENTS WITH MULTIPLE SCLEROSIS. | $2,500 |
AIDS ASSISTANCE PROGRAM PURPOSE: TO IMPROVE THE QUALITY OF THE LIVES OF LOW-INCOME PEOPLE LIVING WITH HIV/AIDS | $40,000 |
ALZHEIMERS ASSOCIATION PURPOSE: TO LEAD THE WAY TO END ALZHEIMER'S | $5,000 |
ALZHEIMERS COACHELLA VALLEY PURPOSE: TO PROVIDE SUPPORT AND SERVICES FOR COACHELLA VALLEY RESIDENTS LIVING WITH COGNITIVE IMPAIRMENT | $17,000 |
AMERICAN YOUTH SOCCER ORG PURPOSE: TO DEVELOP AND DELIVER QUALITY YOUTH SOCCER PROGRAMS THROUGHOUT THE COUNTRY | $5,000 |