Grace Helen Spearman Foundation
- Assets
- $13.8m
- Revenue
- $1.0m
- Investments
- $12.0m
- Employees
- 0
- Location
- Palm Springs, CA
- Founding
- 02/2003
- Data as of
- 11/2022
- 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.
Since 2018, Grace Helen Spearman Foundation has awarded 548 individual grants totaling $4,130,896. 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 | $165,004 | |
Ken Randman Director | 2 | $1,500 | |
Dirk Etchison Director | 2 | $1,500 | |
Alma Banuelos Director & Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $66 |
| Dividends & Interest | $287,231 |
| Net Rental Income | $76,116 |
| Net Gain on Sale of Assets | $515,015 |
| Capital Gain Net Income | $517,456 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,236 |
| Total Revenue | $1,038,483 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $168,004 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $391 |
| Taxes | $44,421 |
| Depreciation | $32,727 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $298,880 |
| Total operating and administrative expenses | $587,875 |
| Contributions, gifts, grants paid | $925,200 |
| Total expenses and disbursements | $1,513,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,424 |
| Savings and temporary cash investments | $408,419 |
| 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 | $1,381,366 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,079,624 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,655 |
| Total assets | $13,800,120 |
| 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 | $34,559 |
| Total liabilities | $34,559 |
Grants Awarded
Over the last fiscal year, Grace Helen Spearman Foundation has awarded $925,200 in support to 117 organizations.
| Grant Recipient | Amount |
|---|---|
THE CATHEDRAL CITY SENIOR CENTER PURPOSE: TO IMPROVE THE QUALITY OF LIFE FOR SENIORS | $45,000 |
DAP HEALTH PURPOSE: TO ADVOCATE FOR HEALTHCARE FOR ALL CITIZENS, ESPECIALLY THOSE FACING HIV AND AIDS | $40,000 |
Palm Desert, CA PURPOSE: TO PROVIDE SERVICES TO COACHELLA VALLEY RESIDENTS LIVING WITH ALZHEIMER'S | $32,500 |
Rancho Mirage, CA PURPOSE: TO SUPPORT THE HOSPITAL AND HEALTH NEEDS OF THE COMMUNITY | $30,000 |
THE JOSLYN CENTER (COVE COMMUNITY SENIOR ASSOCIATION) PURPOSE: TO IMPROVE THE WELL-BEING OF ADULTS OVER 50 | $30,000 |
AIDS ASSISTANCE PROGRAM AND FOOD SAMARITANS PURPOSE: TO IMPROVE THE QUALITY OF LIFE OF INDIGENT PEOPLE LIVING WITH CHRONIC ILLNESSES | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |