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Spence Foundation FY2023 filing

Tax-deductible

Jackson, WY501(c)(3)Foundations & GrantmakersEIN 91-6413193Revenue $9K in FY2023

On file with the IRSPo Box 1495, 83001-1495 · Jackson, WYTax-exempt since Jul 1998Supporting organization — 509(a)(3)

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Donations to non-profit organizations; providing conference facilities for non-profit educational organization

501(c)(3) charity; gifts are tax-deductible.
85¢ 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
0 of 5
filings with a surplus
Average deficit $56K a year · 231% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9K
-72% vs prior year
Spent
$62K
To programs
85%
Net assets
$3.4M
By yearFY2020–FY2025
Revenue
$9K
FY2023▼ -72%
Tap a bar for its year
Revenue by fiscal year
FY2020$57K
FY2021$32K
FY2023$9K
FY2024$8K
FY2025$15K
Expenses
$62K
FY2023▼ -46%
Tap a bar for its year
Expenses by fiscal year
FY2020$97K
FY2021$114K
FY2023$62K
FY2024$58K
FY2025$67K
Net assets
$3.4M
FY2023▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.6M
FY2021$3.5M
FY2023$3.4M
FY2024$3.4M
FY2025$4.4M

From the FY2023 Form 990 (year ending September 2023) · see the original

Form 990 (PDF) Claim
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 Jul 1998.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $53K Management & general 15% · $9K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Spence Foundation executive salaries →

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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

Provides conference facilities and donations to non-profit educational organizations.

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Provided by the organization

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1 program · $53K · in their own filed words · FY2022
01

The spence foundation furnishes the facilities (classrooms, mock courtroom, housing, boarding facilities, recreational areas) in which the gerry spence method at thunderhead ranch inc holds its curriculum and training for its students.

$53Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$9K
Ln 12
Gifts and grantsLn 1h$9K
Money outPt IX
$62K
Ln 25
Programscol B$53K
Managementcol C$9K
Owns and owesPt X
$3.4M
net assets · Ln 32
Cash and savingsLn 1–2$154
Total assetsLn 16$3.4M
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9K
Total revenueLn 12$9K
Assets in detailPt X, end of year
SavingsLn 2$154
Cash and savings togetherLn 1–2$154
Land, buildings, equipmentLn 10c$3.4M
Total assetsLn 16$3.4M
LiabilitiesLn 26$0
Net assetsLn 32$3.4M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderSeptember
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$530$154
Land, buildings, equipmentLn 10c$3.5M$3.4M
Total assetsLn 16$3.5M$3.4M
LiabilitiesLn 26$0$0
Net assetsLn 32$3.5M$3.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$9K$9K
Depreciation, depletion and amortizationLn 22$53K$53K
Other expenses (24a–d)Ln 24$378$229$149
Total functional expensesLn 25$62K$53K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $15K$67K−$52K$4.4M 990 PDF
FY2024 $8K$58K−$50K$3.4M 990 PDF
FY2023 Viewing $9K$62K−$53K$3.4M 990 PDF
FY2022 Not on file
FY2021 $32K$114K−$83K$3.5M 990 PDF
FY2020 $57K$97K−$40K$3.6M 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 $8,960 revenue, 12 lines filed
I-8 Contributions and grants$8,960
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$8,960
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $52,619$61,905
I-18 Total expensesPrior year $52,619$61,905
I-19 Revenue less expensesPrior year −$52,619−$52,945
Part VI · Governance 0 of 3 board members independent, 5 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
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 $8,960 across 3 lines filed
VIII-1f All other contributions, gifts and grants$8,960
VIII-1h Total contributions, gifts and grants$8,960
VIII-12 Total revenue$8,960
Part IX · Statement of functional expenses $61,905 across 3 lines filed
IX-11c Accounting feesManagement $8,960$8,960
IX-22 Depreciation, depletion and amortizationPrograms $52,567$52,567
IX-24 Other expenses (24a–d)Programs $229 · Management $149$378
IX-25 Total functional expensesPrograms $52,796 · Management $9,109 · Fundraising $0$61,905
Part X · Balance sheet $3,406,004 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $530$154
X-10c Land, buildings and equipment, netStart of year $3,458,419$3,405,850
X-16 Total assetsStart of year $3,458,949$3,406,004
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $3,458,949$3,406,004
X-32 Total net assets or fund balancesStart of year $3,458,949$3,406,004
X-33 Total liabilities and net assetsStart of year $3,458,949$3,406,004
Part XI · Reconciliation of net assets $3,406,004 net assets at year end
XI-1 Total revenue$8,960
XI-2 Total expenses$61,905
XI-3 Revenue less expenses−$52,945
XI-4 Net assets at start of year$3,458,949
XI-10 Net assets at end of year$3,406,004

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

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