Spur INC FY2021 filing

Marblehead, MA · Public foundation / grantmaker · Foundations & Grantmakers

✓ Tax-deductible Latest data FY2021
Revenue
$302K
Spent
$225K
To programs
52%
Net assets
$302K
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
3 funders, incl. Institution for Savings in Newbrypt & Its Vcnty Chrtble Foundation INC
$6K in the latest grant year.
Spent on programs?
52% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
Legal name (IRS)Hdr · item CSpur INC
EINHdr · item D47-2014980
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFApr 2015
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CMarblehead, MA
NTEE classificationIRS BMFFoundations & Grantmakers (T50)
WebsiteHdr · item Jwww.spur.community

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.52 Management & general $0.32 Fundraising $0.17
Program services52%$117K
Management & general32%$71K
Fundraising17%$37K
Total functional expensesLn 25$225K

Financial health

Revenue & expenses by yearFY2021–FY2024
Revenue
$302K
FY2021
Expenses
$225K
FY2021
Program efficiency
52%
of spending reaches programs
Operating runway
15.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+25%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$302K
FY2021
Total liabilities
$246
FY2021
Revenue less expensesPt I · Ln 19$77K
Total assetsPt X · Ln 16$302K
Program-expense ratioPt IX · col B52%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Balance Sheet

Part X · end of year
CashLn 1$267K
Total assetsLn 16$302K
Total liabilitiesLn 26$246
Total net assetsLn 32$302K
Months of cash on handcomputed14.2

Statement of Revenue

Part VIII
Contributions & grants$124K · 41%
Other revenue$108K · 36%
Program service revenue$67K · 22%
Investment income$5K · 1%
Contributions & grants41%$124K
Other revenue36%$108K
Program service revenue22%$67K
Investment income1%$5K
Total revenueLn 12$302K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $296K · Operating expenses/yr $225K
15.7 months
Where the money goes
Program services
Program services $117K · Total expenses $225K
52%
Management & General
Management & general $71K · Total expenses $225K
32%
Fundraising
Fundraising $37K · Total expenses $225K
17%
Cost to raise $1
Fundraising expense $37K · Solicited contributions $124K
$0.30 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $124K · Total revenue $302K
41%
Government reliance
Government grants — · Total revenue $302K
—
Earned-income share
Program service revenue $67K · Total revenue $302K
22%
Investment reliance
Investment income $5K · Total revenue $302K
+1%
Program self-sufficiency
Program service revenue $67K · Total expenses $225K
30%
Growth & trend
Revenue growth (YoY)
This year $302K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $302K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $302K · Expenses $225K
+25%
Liabilities-to-Assets
Total liabilities — · Total assets $302K
—
Net-asset ratio
Net assets $302K · Total assets $302K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $29K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $302K
10%
People & payroll
Highest Reported Total Compensation
Individual Lynne Krasker Schultz · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $27K · Total expenses $225K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $146K · Total expenses $225K
65%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 52%——
Overhead ratio 32%——
Fundraising cost ratio 30%——
Legal fee ratio 0.07%——
Accounting fee ratio 0.7%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$26,923Pt VII · Sec A
$25,475Pt VII · Sec A
Director of Development
$12,500Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Memeber
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Lynne Krasker Schultz’s $73K as Executive Director is at the 68th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking 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 · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Lynne Krasker Schultz$73,099—$70,000$26,923
Lynee Krasker Schultz—$70,888——
Bryan Lamoreau$59,733$57,923——
Kimberly Nothnagel$32,227$28,686$29,414$25,475
Jocelyn Cook——$8,000$12,500

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.

See Spur INC executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Connects people through volunteer work and youth programs, making a difference in the community.

Provided by the organization

This section is blank until Spur INC claims this page.

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Mission & Programs · Part III

Where the work happens

2 program services account for $30K of program spending, described in the organization's own filed words · FY2021.
01

Student success provides new backpacks and school essentials to over 600 children in lynn, marblehead, salem and swampscott.

$30Kprogram expense
02

Holiday cheer provides hundreds of local children identified through food shelters and school couselors with items on their wish list and winter essentials in a budle of cheer. We also work with area shelters to provide meaningful essentials such as towels, sheets and toiletries to adults experiencing homelessness in marblehead, salem…

$798program expense

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Funders

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

Grants

Schedule I · funders on record
Grants received · FY2025
See all 3 funders →

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $375K$363K+8% 990 PDF
FY2023 $348K$338K+24% 990 PDF
FY2022 $281K$354K-7% 990 PDF
FY2021 Viewing $302K$225K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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