Teresa & Paul Spiegelman Family Foundation
- Assets
- $3.9m
- Revenue
- $141.3k
- Investments
- $3.8m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 09/2017
- Data as of
- 12/2023
- EIN
- 82-0654237
Organization Overview
Teresa & Paul Spiegelman Family Foundation is located in Wilmington, DE. The organization was established in 2017. 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. Teresa & Paul Spiegelman Family 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 12/2023, Teresa & Paul Spiegelman Family Foundation generated $141.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $127.4k during the year ending 12/2023. While expenses have increased by 18.5% per year over the past 6 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 2018, Teresa & Paul Spiegelman Family Foundation has awarded 140 individual grants totaling $657,550. 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 |
|---|---|---|---|
Paul Spiegelman Dir, Pres, Sec, Treas | 1 | $0 | |
Teresa Spiegelman Dir, VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,526 |
| Dividends & Interest | $91,227 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,593 |
| Capital Gain Net Income | $177,047 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $141,346 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,188 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,132 |
| Total operating and administrative expenses | $39,948 |
| Contributions, gifts, grants paid | $87,500 |
| Total expenses and disbursements | $127,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $130,269 |
| 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 | $3,892,857 |
| 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, Teresa & Paul Spiegelman Family Foundation has awarded $87,500 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ACTIVE MINDS INC PURPOSE: GENERAL & UNRESTRICTED | $500 |
ALLEGAN COUNTY COMMUNITY FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $250 |
CHARITY WATER PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
CHILD MIND INSTITUTE INC PURPOSE: GENERAL & UNRESTRICTED | $1,500 |
FROM THE BARRIO FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
GOLDEN RETRIEVER RESCUE OF NORTH TEXAS INC PURPOSE: GENERAL & UNRESTRICTED | $2,500 |