Spencer Pride EIN 26-2197732

Spencer Pride

EIN  26-2197732 Public charity (501(c)(3)) Spencer, IN Founded 2014
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Size
$100K–1M
What they do
Supports LGBTQIA+ individuals and allies in Spencer and surrounding communities.
Leadership
John Angeline · Marketing & External Communications
Money in and out
$457K revenue, $182K expenses
Bottom line
49% program efficiency

Supports LGBTQIA+ individuals and allies in Spencer and surrounding communities. For fiscal year 2024 it reported $457K in revenue, $182K in expenses, and $594K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$457K
Pt VIII · Ln 12
Total expenses
$182K
Pt IX · Ln 25
Net assets
$594K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $276K
Where spending went · Part IX cols B–D
Program services $0.49 Management & general $0.43 Fundraising $0.09
Program efficiency
49%
of spending reaches programs▼ -46% vs prior filing year
Operating runway
7.1mo
months of highly liquid reserves at operating expense rate▲ +82% vs prior filing year
Surplus margin
+60%
revenue over expenses, this year▲ +129% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$457K
FY2024▲ +92%
Expenses
$182K
FY2024▲ +3%
Total assets
$784K
FY2024▲ +59%
Total liabilities
$190K
FY2024▼ -6%
Total revenue
$457K
Pt VIII · Ln 12
Total expenses
$182K
Pt IX · Ln 25
Net assets
$594K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$276K
Total assetsPt X · Ln 16$784K
Program-expense ratioPt IX · col B49%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

3 program services account for $80K of program spending, described in the organization's own filed words · FY2024.
01

Community Center

Location available to members to foster cooporation and understanding between the LGBTQ community and society at large in central indiana, also houses the retail store which helps support the initiatives of the the organization.

$46Kprogram expense
02

Pride Festival

Annual festival and other program activities that foster allyship and understanding through education and advocacy

$25Kprogram expense
03

Health & Wellness

Programming to improve the mental & physical wellbeing of rural LGBTQ people in south central indiana.

$9Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSpencer Pride
EINHdr · item D26-2197732
Principal addressHdr · item CSpencer, IN
WebsiteHdr · item Jspencerpride.org
Year of formationHdr · item L2014
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P88)
Ruling yearIRS BMFJul 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Marketing & External Communications
$0Pt VII · Sec A
Community Center Director
$0Pt VII · Sec A
Transgender Advocacy Director
$0Pt VII · Sec A
Pride Festival Director
$0Pt VII · Sec A
Youth Empowerment Director
$0Pt VII · Sec A
Outreach Director
$0Pt VII · Sec A
Vice Presidentdevelopment Director
$0Pt VII · Sec A
Health & Wellness Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$398K · 87%
Other revenue$49K · 11%
Investment income$10K · 2%
Contributions & grants87%$398K
Other revenue11%$49K
Investment income2%$10K
Total revenueLn 12$457K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.49 Management & general $0.43 Fundraising $0.09
Program services49%$88K
Management & general43%$78K
Fundraising9%$16K
Total functional expensesLn 25$182K

Balance Sheet

Part X · end of year
CashLn 1$103K
Total assetsLn 16$784K
Total liabilitiesLn 26$190K
Total net assetsLn 32$594K
Months of cash on handcomputed6.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $103K · Operating expenses (Pt IX) $182K · Less non-cash grants $7K · Cash operating expenses/yr $175K
7.1 months
Where the money goes
Program services
Program services $88K · Total expenses $182K
49%
Management & General
Management & general $78K · Total expenses $182K
43%
Fundraising
Fundraising $16K · Total expenses $182K
9%
Cost to raise $1
Fundraising expense (3-yr avg) $8K · Solicited contributions (3-yr avg) $267K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $398K · Total revenue $457K
87%
Government reliance
Government grants — · Total revenue $457K
Earned-income share
Program service revenue $0 · Total revenue $457K
0%
Investment reliance
Investment income $10K · Total revenue $457K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $182K
0%
Growth & trend
Revenue growth (YoY)
This year $457K · Prior year $238K
+92%
Revenue CAGR
FY2020 $137K · FY2024 $457K
+35%
Net-asset trend (YoY)
End of year $594K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $457K · Expenses $182K
+60%
Liabilities-to-Assets
Total liabilities — · Total assets $784K
Net-asset ratio
Net assets $594K · Total assets $784K
76%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $784K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual John Angeline · Reported title MARKETING & EXTERNAL COMMUNICATIONS · Highest reported compensation $0 · Total expenses $182K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $182K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 49%
Overhead ratio 43%
Fundraising cost ratio 4%
Revenue growth 92%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 2 grants · $19K · 2022–2024
Owen County Community FoundationFY2024$12,418
Unitemized GrantFY2022$6,200

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$238K revenue · ⤓ 990 PDF
FY2023$232K revenue · ⤓ 990 PDF
FY2022$140K revenue · ⤓ 990 PDF
FY2021$137K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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