Civic Intelligence

Spencer Educational Foundation Inc.

990 • Fiscal year 2012 • EIN 58-1420617

Jan 01, 2012 to Dec 31, 2012 • Filed on Oct 08, 2013

1065 Avenue of the Americas13th Fl10018
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.02x

Higher debt load relative to assets than 17% of similar nonprofits.

2012 filings • NTEE B • $5M-$10M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

67th percentile

8.7%

Faster asset growth than 67% of similar nonprofits.

2012 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$7,178,797

Up $574,015 (+8.7%) from 2011

Net Assets

Up

$7,012,792

Up $414,628 (+6.3%) from 2011

Liabilities

Up

$166,005

Up $159,387 (+2408%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$1,180,912

Up $233,194 (+25%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $6,604,782Liabilities 2011: $6,618Net Assets 2011: $6,598,1642011Assets 2012: $7,178,797Liabilities 2012: $166,005Net Assets 2012: $7,012,7922012Assets 2013: $7,916,894Liabilities 2013: $96,348Net Assets 2013: $7,820,5462013Assets 2014: $7,887,409Liabilities 2014: $10,269Net Assets 2014: $7,877,1402014Assets 2015: $7,505,015Liabilities 2015: $1,686Net Assets 2015: $7,503,3292015Assets 2016: $8,039,007Liabilities 2016: $51,286Net Assets 2016: $7,987,7212016Assets 2017: $9,063,324Liabilities 2017: $118,736Net Assets 2017: $8,944,5882017Assets 2018: $7,892,822Liabilities 2018: $35,322Net Assets 2018: $7,857,5002018Assets 2019: $8,645,477Liabilities 2019: $15,565Net Assets 2019: $8,629,9122019Assets 2020: $9,186,050Liabilities 2020: $168,410Net Assets 2020: $9,017,6402020Assets 2021: $9,643,341Liabilities 2021: $357,037Net Assets 2021: $9,286,3042021Assets 2022: $9,082,783Liabilities 2022: $496,347Net Assets 2022: $8,586,4362022Assets 2023: $9,493,138Liabilities 2023: $419,323Net Assets 2023: $9,073,8152023Assets 2024: $10,061,035Liabilities 2024: $389,254Net Assets 2024: $9,671,7812024

Highlighted filing

2012

Assets$7,178,797
Liabilities$166,005
Net Assets$7,012,792

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $947,7182011Expenses 2012: $1,180,9122012Revenue 2013: $2,333,528Expenses 2013: $1,238,183Net Income 2013: $1,095,3452013Revenue 2014: $1,302,067Expenses 2014: $1,299,458Net Income 2014: $2,6092014Revenue 2015: $1,415,952Expenses 2015: $1,433,419Net Income 2015: -$17,4672015Revenue 2016: $1,627,909Expenses 2016: $1,491,949Net Income 2016: $135,9602016Revenue 2017: $2,085,875Expenses 2017: $1,663,913Net Income 2017: $421,9622017Revenue 2018: $1,552,293Expenses 2018: $1,796,885Net Income 2018: -$244,5922018Revenue 2019: $2,516,420Expenses 2019: $2,464,367Net Income 2019: $52,0532019Revenue 2020: $2,098,749Expenses 2020: $2,119,982Net Income 2020: -$21,2332020Revenue 2021: $2,416,660Expenses 2021: $1,904,653Net Income 2021: $512,0072021Revenue 2022: $2,712,012Expenses 2022: $2,306,449Net Income 2022: $405,5632022Revenue 2023: $2,484,287Expenses 2023: $2,733,177Net Income 2023: -$248,8902023Revenue 2024: $3,555,059Expenses 2024: $3,083,558Net Income 2024: $471,5012024

Highlighted filing

2012

Revenue-
Expenses$1,180,912
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Oct 8, 2013
Return Version
2012v2.0
Gross Receipts
$2,301,836
Mission and Program Overview

Mission

Funding the education of tomorrow's risk management and insurance leaders.

Major Activities

Activity 2
The Foundation has two grant programs which enable students to be further exposed to the industry.The first is the summer internship grants. The Foundation awards summer internship grants to RIMS-member companies to enable companies to hire students to serve as interns in their risk management/insurance departments. In 2012, twenty-five $3,000 grants were awarded to companies to provide practical experience to students entering the profession.The second is a grant for the Anita Benedetti Student Involvement Program. This grant is provided to RIMS and RIMS manages this program which allows selected students to attend the annual RIMS Conference and Exhibition at no cost (including registration and travel). The 2012 grant allowed 32 students to attend the annual conference. This program has been in existence since 1978.
Filing and Contact Details

Filer

EIN
58-1420617
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IRS990/Activity2/Description0The Foundation has two grant programs which enable students to be further exposed to the industry.The first is the summer internship grants. The Foundation awards summer internship grants to RIMS-member companies to enable companies to hire students to serve as interns in their risk management/insurance departments. In 2012, twenty-five $3,000 grants were awarded to companies to provide practical experience to students entering the profession.The second is a grant for the Anita Benedetti Student Involvement Program. This grant is provided to RIMS and RIMS manages this program which allows selected students to attend the annual RIMS Conference and Exhibition at no cost (including registration and travel). The 2012 grant allowed 32 students to attend the annual conference. This program has been in existence since 1978.
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IRS990/Description0During 2012, the Foundation awarded a record number of scholarships and internship grants. In addition, the Foundation celebrated the 15th year of its Risk Manager in Residence Program a program that enables universities to bring risk management and insurance industry professionals to their campuses. More important than breaking records or achieving milestones, in 2012 the Foundation continued to help students and professionals achieve their dreams.One way the Foundation does that is by directly funding risk management and insurance education. Spencer Foundation is the leading organization for awarding scholarships to undergraduate, graduate and pre-dissertation students as well as professionals seeking advanced degrees. In 2012, the Foundation awarded $336,374 to 57 individuals. Since the Foundation was established, it has awarded more than $4.7 million in merit-based scholarships to more than 600 individuals.The Foundation also awards grants that fund educational programs or initiatives. In 2012, these initiatives ranged from course development to academic challenges to student and professional conferences. The Foundation awarded two $50,000 grants one each to California State University at Fullerton and Old Dominion University as part of a grant from FM Global to develop loss control modules within existing risk management curriculum. The Foundation provided support for the inaugural RISC/Spencer RMI Challenge at Virginia Commonwealth University where student teams from eight universities put their knowledge to the test on a complex risk management problem. The Foundation continued its support of the RIMS Enterprise Risk Management Conference and sponsored Gamma Iota Sigmas International Conference. Spencer Educational Foundation was established in 1979 to honor the late Robert S. Spencer, a former Risk and Insurance Management Society (RIMS), Inc. president and vice president for Fuqua Industries, Inc.
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IRS990/MembersOrStockholders0false
IRS990/MethodOfAccountingAccrual0X
IRS990/MinutesOfCommittees0true
IRS990/MinutesOfGoverningBody0true
IRS990/MissionDescription0The Foundations mission is to fund the education of tomorrows risk management and insurance industry leaders.
IRS990/MoreThan5000KToIndividuals0false
IRS990/MoreThan5000KToOrganizations0true
IRS990/NameOfPrincipalOfficerPerson0John J Harrington Jr
IRS990/NbrIndependentVotingMembers023
IRS990/NbrVotingGoverningBodyMembers023
IRS990/NbrVotingMembersGoverningBody023
IRS990/NetAssetsOrFundBalancesBOY06598164
IRS990/NetAssetsOrFundBalancesEOY07012792
IRS990/NetGainOrLossInvestments/ExclusionAmount056411
IRS990/NetGainOrLossInvestments/TotalRevenueColumn056411
IRS990/NetIncomeFromFundraisingEvents/TotalRevenueColumn00
IRS990/NetIncomeFromGaming/TotalRevenueColumn00
IRS990/NetIncomeOrLoss/TotalRevenueColumn00
IRS990/NetRentalIncomeOrLoss/TotalRevenueColumn00
IRS990/NonDeductibleContributions0false
IRS990/NumberFormsTransmittedWith109604
IRS990/NumberIndependentVotingMembers023
IRS990/NumberIndividualsGT100K00
IRS990/NumberOf8282Filed00
IRS990/NumberOfContractorsGT100K00
IRS990/NumberOfEmployees00
IRS990/NumberW2GIncluded00
IRS990/Occupancy/Total00
IRS990/OfficeExpenses/Total00
IRS990/OfficerEntityWithBsnssRltnshp0false
IRS990/OfficerMailingAddress0false
IRS990/OnBehalfOfIssuer0false
IRS990/Organization501c30X
IRS990/OtherAssetsTotal/EOY00
IRS990/OtherEmployeeBenefits/Total00
IRS990/OtherExpensePriorYear0241868
IRS990/OtherExpensesCurrentYear0421396
IRS990/OtherExpenses/Description0Marketing
IRS990/OtherExpenses/Description1Miscellaneous
IRS990/OtherExpenses/Description2Bad Debt Expense
IRS990/OtherExpenses/Description3Indirect Gala Expenses
IRS990/OtherExpenses/Fundraising09366
IRS990/OtherExpenses/Fundraising132672
IRS990/OtherExpenses/ManagementAndGeneral010594
IRS990/OtherExpenses/ManagementAndGeneral132500
IRS990/OtherExpenses/Total09366
IRS990/OtherExpenses/Total110594
IRS990/OtherExpenses/Total232500
IRS990/OtherExpenses/Total332672
IRS990/OtherNotesLoansReceivableNet/EOY00
IRS990/OtherRevenueCurrentYear00
IRS990/OtherSalariesAndWages/Total00
IRS990/OtherWebsite0X
IRS990/OwnWebsite0X
IRS990/PartialLiquidation0false
IRS990/PaymentsToAffiliates/Total00
IRS990/PayrollTaxes/Total00
IRS990/PensionPlanContributions/Total00
IRS990/PledgesAndGrantsReceivable/BOY0689852

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.1$0.39$9.67$3.56$3.08$0.47
2023Detailed filing. Detailed filing data is available for this year.$9.49$0.42$9.07$2.48$2.73$0.25
2022Detailed filing. Detailed filing data is available for this year.$9.08$0.50$8.59$2.71$2.31$0.41
2021Detailed filing. Detailed filing data is available for this year.$9.64$0.36$9.29$2.42$1.90$0.51
2020Detailed filing. Detailed filing data is available for this year.$9.19$0.17$9.02$2.10$2.12$0.02
2019Detailed filing. Detailed filing data is available for this year.$8.65$0.02$8.63$2.52$2.46$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.89$0.04$7.86$1.55$1.80$0.24
2017Detailed filing. Detailed filing data is available for this year.$9.06$0.12$8.94$2.09$1.66$0.42
2016Summary only. Only limited summary data is available for this year.$8.04$0.05$7.99$1.63$1.49$0.14
2015Summary only. Only limited summary data is available for this year.$7.51$0.00$7.50$1.42$1.43$0.02
2014Detailed filing. Detailed filing data is available for this year.$7.89$0.01$7.88$1.30$1.30$0.00
2013Detailed filing. Detailed filing data is available for this year.$7.92$0.10$7.82$2.33$1.24$1.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.18$0.17$7.01$1.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.60$0.01$6.60$0.95