Norman F Sprague Jr Foundation
- Assets
- $10.3m
- Revenue
- $717.7k
- Investments
- $9.9m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 04/1997
- Data as of
- 02/2023
- EIN
- 95-4621772
Organization Overview
Norman F Sprague Jr Foundation is located in Los Angeles, CA. The organization was established in 1997. 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. Norman F Sprague Jr 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 02/2023, Norman F Sprague Jr Foundation generated $717.7k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $903.2k during the year ending 02/2023. While expenses have increased by 5.2% per year over the past 3 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 2022, Norman F Sprague Jr Foundation has awarded 92 individual grants totaling $1,494,733. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caryll Sprague Mingst Trustee | 1 | $0 | |
Cynthia Sprague Connolly Trustee | 1 | $0 | |
Elizabeth Sprague Day Trustee | 1 | $0 | |
Caryll Sprague Knapp Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $304,924 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $411,099 |
| Capital Gain Net Income | $411,099 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,709 |
| Total Revenue | $717,732 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $38,046 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $61,528 |
| Total operating and administrative expenses | $105,474 |
| Contributions, gifts, grants paid | $797,733 |
| Total expenses and disbursements | $903,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $463,344 |
| 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 | $1,972,720 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,326,847 |
| 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, Norman F Sprague Jr Foundation has awarded $797,733 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
BANDON COMMUNITY YOUTH CENTER PURPOSE: QUALIFIED CHARITABLE EXEMPT PURPOSE | $10,000 |
BANDON SCHOOL DISTRICT PURPOSE: QUALIFIED CHARITABLE EXEMPT PURPOSE | $35,000 |
BIG SKY YOUTH EMPOWERMENT PURPOSE: QUALIFIED CHARITABLE EXEMPT PURPOSE | $6,000 |
BANDON COMMUNITY CHILD CARE CENTER PURPOSE: QUALIFIED CHARITABLE EXEMPT PURPOSE | $10,000 |
BRIGHT PROSPECT PURPOSE: QUALIFIED CHARITABLE EXEMPT PURPOSE | $2,500 |
CATE SCHOOL PURPOSE: QUALIFIED CHARITABLE EXEMPT PURPOSE | $115,000 |