The Mountain Spring Foundation
- Assets
- $3.8m
- Revenue
- $2.7m
- Investments
- $2.0m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2021
- EIN
- 84-3936971
Organization Overview
The Mountain Spring Foundation is located in Wilmington, DE. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mountain Spring 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 12/2021, Mountain Spring Foundation generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 40.0% each year .
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Saba Eslami Dir | 1 | $0 | |
Steven Alex Leistner Dir, Pres, Sec, Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,892,580 |
| Interest on Savings | $1,046 |
| Dividends & Interest | $1,777 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$119,720 |
| Capital Gain Net Income | $746,653 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$31,068 |
| Total Revenue | $2,744,615 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $18,159 |
| Taxes | $8,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $119,516 |
| Total operating and administrative expenses | $145,675 |
| Contributions, gifts, grants paid | $26,000 |
| Total expenses and disbursements | $171,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,802,062 |
| 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 | $1,237,355 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,827,822 |
| 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, The Mountain Spring Foundation has awarded $26,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Snowbird, UT PURPOSE: CHARITABLE EVENT | $15,000 |
New York, NY PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
NAYER AND JAVED HONARVAR MEMORIAL FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pseg Foundation Inc Newark, NJ | $49,926,270 | $78,342 |
Mid Atlantic Arts Inc Baltimore, MD | $4,986,510 | $4,229,657 |
United Way Of Lancaster County Lancaster, PA | $8,532,432 | $6,314,775 |
Sarcoma Foundation Of America Inc Damascus, MD | $9,642,356 | $3,973,362 |
Silver Mountain Foundation For The Arts Morristown, NJ | $18,777,232 | $3,781,994 |
Casey Cares Foundation Inc Columbia, MD | $1,991,956 | $2,113,967 |
Philadelphia Cultural Fund Inc Philadelphia, PA | $194,550 | $1,278,314 |
Cultural Alliance Of York County York, PA | $3,774,226 | $1,373,230 |
Sharebaby Baltimore, MD | $970,929 | $1,403,551 |
Dallas Morse Coors Foundation For The Performing Arts Tr Wilmington, DE | $11,658,521 | $1,458,685 |
Hope Through Education -- A Fund For Better Futures Inc Bedminster, NJ | $178,385 | $999,690 |
Playhouse Artists New Hope, PA | $80,520 | $752,591 |