Spitzer Foundation
- Assets
- $1.2m
- Revenue
- $58.6k
- Investments
- $76.4k
- Employees
- 0
- Location
- Mercer Island, WA
- Founding
- 04/1982
- Data as of
- 12/2023
- EIN
- 91-1160605
Organization Overview
Spitzer Foundation is located in Mercer Island, WA. The organization was established in 1982. 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. Spitzer 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, Spitzer Foundation generated $58.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.9% each year .
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Spitzer President | 2 | $0 | |
Kathleen Spitzer Secretary | 2 | $0 | |
Samara I Spitzer Director | 2 | $0 | |
Philip N Spitzer Director | 2 | $0 | |
Harry A Spitzer Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $992 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,806 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $53,836 |
| Total Revenue | $58,634 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $173 |
| Total operating and administrative expenses | $2,008 |
| Contributions, gifts, grants paid | $86,407 |
| Total expenses and disbursements | $88,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,069 |
| 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 | $1,133,106 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $51,034 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,218,537 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $11,205 |
| Mortgages and other notes payable | $134,700 |
| Other liabilities | $18,974 |
| Total liabilities | $164,879 |
Grants Awarded
Over the last fiscal year, Spitzer Foundation has awarded $86,407 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBIA LAW SCHOOL PURPOSE: TO FURTHER THE KNOWLEDGE ON YOUNG MINDS. | $5,000 |
JEWISH FEDERATION OF GREATER SEATTLE PURPOSE: TO FURTHER THE KNOWLEDGE ON YOUNG MINDS. | $15,250 |
TOTAL CONTIBUTIONS UNDER 5000 PURPOSE: TO FURTHER THE KNOWLEDGE ON YOUNG MINDS. | $66,157 |