Spb Hospitality Foundation
- Assets
- $595.4k
- Revenue
- $27.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 03/2001
- Data as of
- 12/2022
- EIN
- 84-1560829
Organization Overview
Spb Hospitality Foundation is located in Houston, TX. The organization was established in 2001. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Spb Hospitality 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, Spb Hospitality Foundation generated $27.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (46.1%) each year. All expenses for the organization totaled $495.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Spb Hospitality Foundation has awarded 33 individual grants totaling $815,251. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO ASSIST TEAMMATES IN CRISIS, INSPIRE CULTURE OF GIVING AND POSITIVELY IMPACT THE COMMUNITIES WHERE SPB HOSPITALITY OPERATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION CARRIES OUT ITS MISSION THROUGH THE FOLLOWING PROGRAMS, IT'S HOPE PROGRAM (EMPLOYEE EMERGENCY ASSISTANCE) PROGRAM, SEASONAL MIRACLES AND IN-STORE FUNDRAISERS THAT SUPPORT LOCAL AND NATIONAL CHARITABLE PARTNERSHIPS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Kern Board Chair | OfficerTrustee | 1 | $0 |
Jessica Haggler Treasurer | OfficerTrustee | 1 | $0 |
Lisa Lee Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,334 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,334 |
| Total Program Service Revenue | $11,221 |
| Investment income | $543 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,093 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,191 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $477,230 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,394 |
| Advertising and promotion | $0 |
| Office expenses | $1,276 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $838 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $59 |
| Total functional expenses | $495,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $404,383 |
| Savings and temporary cash investments | $188,014 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,041 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $595,438 |
| Accounts payable and accrued expenses | $769 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $769 |
| Net assets without donor restrictions | $106,741 |
| Net assets with donor restrictions | $487,928 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $595,438 |
Grants Awarded
Over the last fiscal year, Spb Hospitality Foundation has awarded $393,990 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL RESTAURANT ASSOC EDUCATION FOUNDATION PURPOSE: OPERATIONAL | $40,000 |
MARINE TOYS FOR TOTS FOUNDATION PURPOSE: OPERATIONAL | $42,769 |
THE V FOUNDATION PURPOSE: OPERATIONAL | $11,221 |
SPECIAL OLYMPICS INTERNATIONAL PURPOSE: OPERATIONAL | $150,000 |
SHARE OUR STRENGTH PURPOSE: OPERATIONAL | $150,000 |