Spur INC EIN 47-2014980 Form 990 (PDF) Claim this org

Spur INC FY2022 filing

Not yet claimed Claim this org →

Connects people through volunteer work and youth programs, making a difference in the community. For fiscal year 2022 it reported $281K in revenue, $354K in expenses, and $223K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Marblehead, MA
Website
www.spur.community
Filings
4 on file (2021–2022)
Revenue
$281KFY2022
Expenses
$354K
Net assets
$223K
People
11
Filings
4
Updates
0
More identity details & actions ⌄
EIN  47-2014980 Public foundation / grantmaker Marblehead, MA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Spur INC claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Connects people through volunteer work and youth programs, making a difference in the community.
Leadership
Lynne Krasker Schultz · Executive Director · $70K
Money in and out
$281K revenue, $354K expenses
Bottom line
48% program efficiency
Grants paid & assets · FY2022
Total revenue
$281K
Pt VIII · Ln 12
Total expenses
$354K
Pt IX · Ln 25
Net assets
$223K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$74K
Where spending went · Part IX cols B–D
Program services $0.48 Management & general $0.34 Fundraising $0.18
Program efficiency
48%
of spending reaches programs
Operating runway
7.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-26%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$281K
FY2022▼ -7%
Expenses
$354K
FY2022▲ +57%
Total assets
$223K
FY2022▼ -26%
Total liabilities
$193
FY2022▼ -22%
Total revenue
$281K
Pt VIII · Ln 12
Total expenses
$354K
Pt IX · Ln 25
Net assets
$223K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$74K
Total assetsPt X · Ln 16$223K
Program-expense ratioPt IX · col B48%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

2 program services account for $28K of program spending, described in the organization's own filed words · FY2022.
01

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

$26Kprogram 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…

$2Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSpur INC
EINHdr · item D47-2014980
Principal addressHdr · item CMarblehead, MA
WebsiteHdr · item Jwww.spur.community
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T50)
Ruling yearIRS BMFApr 2015

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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$70,000Pt VII · Sec A
$29,414Pt VII · Sec A
Director of Development
$8,000Pt VII · Sec A
Director
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$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 1263 $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 →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Program service revenue$104K · 37%
Contributions & grants$100K · 36%
Other revenue$75K · 27%
Investment income$2K · 1%
Program service revenue37%$104K
Contributions & grants36%$100K
Other revenue27%$75K
Investment income1%$2K
Total revenueLn 12$281K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.48 Management & general $0.34 Fundraising $0.18
Program services48%$171K
Management & general34%$120K
Fundraising18%$64K
Total functional expensesLn 25$354K

Balance Sheet

Part X · end of year
CashLn 1$193K
Total assetsLn 16$223K
Total liabilitiesLn 26$193
Total net assetsLn 32$223K
Months of cash on handcomputed6.5

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $216K · Operating expenses/yr $354K
7.3 months
Where the money goes
Program services
Program services $171K · Total expenses $354K
48%
Management & General
Management & general $120K · Total expenses $354K
34%
Fundraising
Fundraising $64K · Total expenses $354K
18%
Cost to raise $1
Fundraising expense (2-yr avg) $51K · Solicited contributions (2-yr avg) $112K
$0.45 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $100K · Total revenue $281K
36%
Government reliance
Government grants — · Total revenue $281K
Earned-income share
Program service revenue $104K · Total revenue $281K
37%
Investment reliance
Investment income $2K · Total revenue $281K
+0.9%
Program self-sufficiency
Program service revenue $104K · Total expenses $354K
29%
Growth & trend
Revenue growth (YoY)
This year $281K · Prior year $302K
-7%
Net-asset trend (YoY)
End of year $223K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $281K · Expenses $354K
-26%
Liabilities-to-Assets
Total liabilities — · Total assets $223K
Net-asset ratio
Net assets $223K · Total assets $223K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $23K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $223K
10%
People & payroll
Highest Reported Total Compensation
Individual Lynne Krasker Schultz · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $70K · Total expenses $354K
20%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $256K · Total expenses $354K
72%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 48%
Overhead ratio 34%
Fundraising cost ratio 64%
Revenue growth -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.

Grants

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

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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 (Latest)$375K revenue · ⤓ 990 PDF
FY2023$348K revenue · ⤓ 990 PDF
FY2022$281K revenue · viewing · ⤓ 990 PDF
FY2021$302K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.