Spero Foundation in Sierra Madre, California (CA)
Table of contents:
| Spero Foundation | |
| Employer Identification Number (EIN) | 800240592 |
| Name of Organization | Spero Foundation |
| In Care of Name | Kathleen C Childs |
| Address | PO BOX 1295, Sierra Madre, CA 91025-4295 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 01/2009 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $45,065 |
| Amount of Income | $63,643 |
| Form 990 Revenue Amount | $29,244 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $63,643 (it was $94,470 in 2012)
| This organization: | $63,643 |
| Other organizations performing similar types of work: | $68,280 |
Assets in 2013: $45,065 (it was $73,177 in 2012)
| Spero Foundation: | $45,065 |
| Other organizations performing similar types of work: | $75,500 |
Expenses in 2013: $57,356
| This organization: | $57,356 |
| Other organizations performing similar types of work: | $51,221 |
Income to expenses ratio in 2013: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 44.2%
| Spero Foundation: | 44.2% |
| Other organizations performing similar types of work: | 41.1% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $61,894 | $33,343 | $29,244 |
| Contributions, gifts, grants, and similar amounts received | $9,190 | $8,155 | $12,928 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $4 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $52,700 | $25,188 | $16,316 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $86,773 | $86,315 | $50,715 |
| Less: direct expenses from gaming and fundraising events | $34,073 | $61,127 | $34,399 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $15,177 | $28,697 | $57,356 |
| Total net assets | $72,526 | $73,177 | $45,065 |
| Excess/Deficit for the year | $46,717 | $4,646 | $-28,112 |
| Net assets or fund balances at beginning of year | $25,809 | $72,526 | $73,177 |
| Other changes in net assets or fund balances | $0 | $-3,995 | $0 |
| Net assets or fund balances at end of year | $73,177 | $45,065 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $72,526 | $73,177 | $45,065 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $72,526 | $73,177 | $45,065 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $88,559 |
| Subtotal Support | $88,559 |
| Gifts, grants, contributions, and membership fees received | $88,559 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $88,559 |
| Public Support | $88,559 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Los Serenos De Point Vicente Inc | 30940 Hawthorne Blvd, Rancho Palos Verdes, CA 90275 | CA | 1993-10 | $239,372 |
| 2 | Dream Center Foundation A California Non Profit Corporation | 2301 Bellevue Ave, Los Angeles, CA 90026-4017 | CA | 2010-10 | $10,237,168 |
| 3 | Casa De Los Pobres U S A | 6432 Cardeno Dr, La Jolla, CA 92037-6929 | CA | 2004-04 | $414,199 |
| 4 | Rotary Foundation Of The Rotary Club Of Monterey A Nonprofit Bene | PO BOX 669, Monterey, CA 93942-0669 | CA | 2000-11 | $319,662 |
| 5 | Tim Griffith Memorial Foundationinc | 570 El Camino Real 150-427, Redwood City, CA 94063-1200 | CA | 2008-06 | $190,184 |
| 6 | Priory Of The Pacific Order Of St John | 3356 Brittany Cir, Napa, CA 94558-4265 | CA | 2009-05 | $148,793 |
| 7 | Spero Foundation | PO BOX 1295, Sierra Madre, CA 91025-4295 | CA | 2009-01 | $63,643 |
| 8 | Los Angeles Community Chest Inc | 407 W Valley Blvd Unit 3, Alhambra, CA 91803 | CA | 2006-02 | $20,023 |
| 9 | Sonsonate 2000 | 6017 Mayflower Ave, Maywood, CA 90270 | CA | 2000-01 | $9,299 |
| 10 | Brooks Family Foundation | 1999 Avenue Of The Stars Ste 2040, Los Angeles, CA 90067-6024 | CA | 2011-06 | $100 |
| 11 | Americas Helping Hands | 982 N Batavia Ste B7, Orange, CA 92867-5502 | CA | 2000-05 | $0 |
| 12 | Bivar Charities Inc | 4 Thomas, Irvine, CA 92618 | CA | 2002-05 | $0 |
| 13 | Cc Bridges To Israel Inc | 1846 Chaparro Court, Walnut Creek, CA 94596 | CA | 2003-10 | $0 |
| 14 | Hengdo Foundation | 31816 Alvarado Blvd, Union City, CA 94587-3913 | CA | 2003-08 | $0 |
| 15 | Joey Meyers Foundation | 28648 West Natoma Dr, Cathedral City, CA 92234 | CA | 2011-04 | $0 |
| 16 | Krewe Of Helios, Krewe Of Helios Krewe Of Helios | 9814 Kapalua Lane, Elk Grove, CA 95624 | CA | 2010-10 | $0 |
| 17 | Scalamandre Unite | 22287 Mulholland Hwy Ste 265, Calabasas, CA 91302-5157 | CA | 2011-08 | $0 |
| 18 | School Tools 4 Kids Inc | 734 Avenida Leon, San Marcos, CA 92069-7366 | CA | 2005-05 | $0 |
| 19 | Towngiving Inc | 323 E Matilija St Ste 110-282, Ojai, CA 93023 | CA | 2009-12 | $0 |
| 20 | United States City Golf Championships Inc | 2620 E Coast Hwy, Corona Dl Mar, CA 92625-2133 | CA | 2004-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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