Forrest Spence Fund FY2023 filing

Tax-deductible

Memphis, TN501(c)(3)Since 2007Human ServicesEIN 27-0151429Revenue $895K in FY2023

On file with the IRSforrestspencefund.org2112 Court Ave, 38104-6513 · Memphis, TNTax-exempt since Aug 2010Publicly supported charity — 170(b)(1)(A)(vi)

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Assist with nonmedical needs of critically or chronically ill children and their families throughout the midsouth

501(c)(3) charity; gifts are tax-deductible.
57¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $124K a year · 17% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$200K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$895K
+56% vs prior year
Spent
$792K
To programs
57%
Net assets
$1.5M
By yearFY2020–FY2025
Revenue
$895K
FY2023▲ +56%
Tap a bar for its year
Revenue by fiscal year
FY2020$520K
FY2021$830K
FY2022$575K
FY2023$895K
FY2024$879K
FY2025$581K
Expenses
$792K
FY2023▲ +32%
Tap a bar for its year
Expenses by fiscal year
FY2020$440K
FY2021$462K
FY2022$602K
FY2023$792K
FY2024$704K
FY2025$540K
Net assets
$1.5M
FY2023▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.4M
FY2022$1.4M
FY2023$1.5M
FY2024$1.7M
FY2025$1.8M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

57 cents of each dollar spent went to programs.

Program services 57% · $450K Management & general 13% · $100K Fundraising 31% · $242K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Brittany Spence’s $46K as Executive Director is at the 34th percentile of top reported officer pay among 2167 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2020
Brittany Spence$46,102$40,000$37,080

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps critically ill children and their families with nonmedical needs in the MidSouth.

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Provided by the organization

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1 program · $153K · in their own filed words · FY2023
01

Assist with nonmedical needs of critically or chronically ill children and their families throughout the midsouth

$153Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$2K
Grants paid · 7 grants · $1.4M · 2020–2025
Unitemized GrantFY2025$267,366
Unitemized GrantFY2024$273,573
Unitemized GrantFY2023$290,931
Unitemized GrantFY2022$143,317
GrantsFY2022$136,491
Unitemized GrantFY2020$126,400
Unitemized GrantFY2020$126,400

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$895K
Ln 12
Gifts and grantsLn 1h$782K
Investment incomeLn 3$113K
Money outPt IX
$792K
Ln 25
Programscol B$450K
Managementcol C$100K
Fundraisingcol D$242K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$261K
Total assetsLn 16$1.7M
LiabilitiesLn 26$200K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$782K
Noncash giftsLn 1g$92K
Investment incomeLn 3$113K
Total revenueLn 12$895K
Assets in detailPt X, end of year
CashLn 1$261K
Cash and savings togetherLn 1–2$261K
InvestmentsLn 11–13$1.1M
Land, buildings, equipmentLn 10c$355K
Total assetsLn 16$1.7M
LiabilitiesLn 26$200K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 52
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$248K$261K
InvestmentsLn 11–13$1.2M$1.1M
Land, buildings, equipmentLn 10c$703$355K
Total assetsLn 16$1.4M$1.7M
LiabilitiesLn 26$19K$200K
Net assetsLn 32$1.4M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$291K$291K
Other salaries and wagesLn 7$117K$90K$27K
Accounting feesLn 11c$33K$33K
Other fees for servicesLn 11g$10K$10K
Office expensesLn 13$32K$7K$25K
OccupancyLn 16$20K$20K
InterestLn 20$8K$8K
Depreciation, depletion and amortizationLn 22$6K$6K$352
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$195K$46K$149K
All other expensesLn 24e$73K$9K$5K$58K
Total functional expensesLn 25$792K$450K$100K$242K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $581K$540K$41K$1.8M 990 PDF
FY2024 $879K$704K$175K$1.7M 990 PDF
FY2023 Viewing $895K$792K$103K$1.5M 990 PDF
FY2022 $575K$602K−$27K$1.4M 990 PDF
FY2021 $830K$462K$368K$1.4M 990 PDF
FY2020 $520K$440K$81K$1.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $895,238 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $664,347$782,466
I-9 Program service revenue$0
I-10 Investment incomePrior year −$89,782$112,772
I-11 Other revenue$0
I-12 Total revenuePrior year $574,565$895,238
I-13 Grants and similar amounts paidPrior year $279,808$290,931
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $86,096$117,133
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $235,978$383,899
I-18 Total expensesPrior year $601,882$791,963
I-19 Revenue less expensesPrior year −$27,317$103,275
Part VI · Governance 4 of 4 board members independent, 5 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $895,238 across 6 lines filed
VIII-1a Federated campaigns$436,186
VIII-1f All other contributions, gifts and grants$346,280
VIII-1g Noncash contributions (included above)$91,913
VIII-1h Total contributions, gifts and grants$782,466
VIII-3 Investment incomeRelated to mission $112,772$112,772
VIII-12 Total revenueRelated to mission $112,772$895,238
Part IX · Statement of functional expenses $791,963 across 11 lines filed
IX-2 Grants to domestic individualsPrograms $290,931$290,931
IX-7 Other salaries and wagesPrograms $90,221 · Management $26,912$117,133
IX-11c Accounting feesManagement $33,446$33,446
IX-11g Other fees for servicesFundraising $10,002$10,002
IX-13 Office expensesManagement $7,255 · Fundraising $24,832$32,087
IX-16 OccupancyManagement $19,559$19,559
IX-20 InterestPrograms $7,619$7,619
IX-22 Depreciation, depletion and amortizationPrograms $5,750 · Management $352$6,102
IX-23 InsuranceManagement $7,727$7,727
IX-24 Other expenses (24a–d)Programs $45,753 · Fundraising $148,884$194,637
IX-24e All other expensesPrograms $9,489 · Management $4,734 · Fundraising $58,497$72,720
IX-25 Total functional expensesPrograms $449,763 · Management $99,985 · Fundraising $242,215$791,963
Part X · Balance sheet $1,720,894 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $247,904$260,746
X-9 Prepaid expenses and deferred chargesStart of year $11,695$9,073
X-10c Land, buildings and equipment, netStart of year $703$355,331
X-11 Publicly traded securitiesStart of year $1,176,604$1,091,605
X-14 Intangible assets$4,139
X-16 Total assetsStart of year $1,436,906$1,720,894
X-17 Accounts payable and accrued expensesStart of year $19,279$29,042
X-25 Other liabilities$170,950
X-26 Total liabilitiesStart of year $19,279$199,992
X-27 Net assets without donor restrictionsStart of year $1,204,831$1,520,902
X-32 Total net assets or fund balancesStart of year $1,417,627$1,520,902
X-33 Total liabilities and net assetsStart of year $1,436,906$1,720,894
Part XI · Reconciliation of net assets $1,520,902 net assets at year end
XI-1 Total revenue$895,238
XI-2 Total expenses$791,963
XI-3 Revenue less expenses$103,275
XI-4 Net assets at start of year$1,417,627
XI-10 Net assets at end of year$1,520,902

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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