Civic Intelligence

Spence Foundation C/O Christopher Hawks

990 • Fiscal year 2020 • EIN 91-6413193

Oct 01, 2019 to Sep 30, 2020 • Filed on Nov 06, 2020

Organization Profile
PO Box 1845Jackson, WY 83001

(307) 733-3938

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

5th percentile

-70%

Higher net margin than 5% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

27th percentile

-1.2%

Faster asset growth than 27% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

95th percentile

164%

Faster revenue growth than 95% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets15th percentile

Assets

Down

$3,594,178

Down $42,409 (-1.2%) from 2019

Net Assets

Down

$3,594,178

Down $40,160 (-1.1%) from 2019

Liabilities

Down

$0

Down $2,249 (-100%) from 2019

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin5th percentile

Revenue

Up

$57,031

Up $35,422 (+164%) from 2019

Expenses

Up

$97,191

Up $29,963 (+45%) from 2019

Net Income

Up

-$40,160

Up $5,459 (+12%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $4,140,467Liabilities 2010: $45,276Net Assets 2010: $4,095,1912010Assets 2011: $4,078,275Liabilities 2011: $45,068Net Assets 2011: $4,033,2072011Assets 2012: $4,020,308Liabilities 2012: $44,986Net Assets 2012: $3,975,3222012Assets 2013: $3,963,180Liabilities 2013: $44,986Net Assets 2013: $3,918,1942013Assets 2014: $3,907,325Liabilities 2014: $44,986Net Assets 2014: $3,862,3392014Assets 2015: $3,853,059Liabilities 2015: $38,238Net Assets 2015: $3,814,8212015Assets 2016: $3,798,755Liabilities 2016: $29,332Net Assets 2016: $3,769,4232016Assets 2017: $3,744,945Liabilities 2017: $20,244Net Assets 2017: $3,724,7012017Assets 2018: $3,691,203Liabilities 2018: $11,246Net Assets 2018: $3,679,9572018Assets 2019: $3,636,587Liabilities 2019: $2,249Net Assets 2019: $3,634,3382019Assets 2020: $3,594,178Liabilities 2020: $0Net Assets 2020: $3,594,1782020Assets 2021: $3,511,568Liabilities 2021: $0Net Assets 2021: $3,511,5682021Assets 2023: $3,406,004Liabilities 2023: $0Net Assets 2023: $3,406,0042023Assets 2024: $4,452,862Liabilities 2024: $0Net Assets 2024: $4,452,8622024Assets 2025: $4,400,993Liabilities 2025: $0Net Assets 2025: $4,400,9932025

Highlighted filing

2020

Assets$3,594,178
Liabilities$0
Net Assets$3,594,178
Open 2020 Filing

Operations Trend

Revenue Growth95th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $116,6462010Revenue 2011: $16,096Expenses 2011: $78,080Net Income 2011: -$61,9842011Expenses 2012: $73,7042012Expenses 2013: $67,8532013Revenue 2014: $10,106Expenses 2014: $65,961Net Income 2014: -$55,8552014Revenue 2015: $17,148Expenses 2015: $64,666Net Income 2015: -$47,5182015Revenue 2016: $19,973Expenses 2016: $65,371Net Income 2016: -$45,3982016Revenue 2017: $20,219Expenses 2017: $64,941Net Income 2017: -$44,7222017Revenue 2018: $19,962Expenses 2018: $64,706Net Income 2018: -$44,7442018Revenue 2019: $21,609Expenses 2019: $67,228Net Income 2019: -$45,6192019Revenue 2020: $57,031Expenses 2020: $97,191Net Income 2020: -$40,1602020Revenue 2021: $31,501Expenses 2021: $114,111Net Income 2021: -$82,6102021Revenue 2023: $8,960Expenses 2023: $61,905Net Income 2023: -$52,9452023Revenue 2024: $1,107,715Expenses 2024: $60,857Net Income 2024: $1,046,8582024Revenue 2025: $14,941Expenses 2025: $66,810Net Income 2025: -$51,8692025

Highlighted filing

2020

Revenue$57,031
Expenses$97,191
Net Income-$40,160
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Nov 6, 2020
Return Version
2019v5.0
Gross Receipts
$57,031
Mission and Program Overview

Mission

Providing conference facilities for non-profit educational organization

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,616,124$3,563,557▼ $52,567
Savings and Temporary Cash Investments$20,463$30,621▲ $10,158
Total Assets$3,636,587$3,594,178▼ $42,409
Liabilities
Other Liabilities$2,249--
Total Liabilities$2,249$0▼ $2,249
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,634,338$3,594,178▼ $40,160
Total Net Assets Fund Balance$3,634,338$3,594,178▼ $40,160
Total Liabilities and Net Assets / Fund Balance$3,636,587$3,594,178▼ $42,409

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,731,533-$2,731,533
Buildings$832,024$1,257,805$2,089,829
Equipment-$52,945$52,945
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Chris HawksTrustee
Gerry L SpenceTrustee
Kent SpenceTrustee
Lanelle P SpenceTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$20,000
Program Service Revenue
$37,029
Investment Income
$2
Other Revenue
$0
All Other Contributions
$20,000
Change in Net Assets
$-40,160
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$97,191
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$52,569--$52,569
Insurance$39,305--$39,305
Occupancy$2,796--$2,796
Fees for Services Accounting-$2,462-$2,462
Other Expenses$59--$59
Total Functional Expenses$94,729$2,462$0$97,191
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Gerry l. Spence chris hawks trustee trustee step-son gerry l. Spence kent spence trustee trustee son lanelle p. Spence gerry l. Spence trustee trustee married”

Form 990, Page 6, Part VI, Line 11B

“A board member reviews the 990 prior to filing.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Spence Foundation
EIN
91-6413193
Phone
3077333938
Address
PO BOX 1845, JACKSON, WY 83001

Signing Officer

Name
Chris Hawks
Title
Trustee
Phone
3077333938
Signed
2020-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gerry L Spence
Formed
1996
Legal Domicile
Wy
Voting Board Members
5
Independent Board Members
1
Employees
0

Preparer

Firm
Sorensen & Flanagan LLC
Address
POST OFFICE BOX 1845, JACKSON, WY 83001
Preparer
James T Sorensen CPA
Phone
3077333938
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Through may, 2020, the spence foundation furnshed the facilities (classrooms, mock courtroom, housing, boarding facilities, recreational areas) in which the trial lawyers college holds its curriculum and training for its students. Without furnished facilities, the trial lawyers college would need to incur the expense of locating, operating and maintaining other facilities. During the fiscal year, the spence foundation ended its lease and relationship with trial lawyers college.”

Raw XML Appendix309 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DURING THE CURRENT FISCAL YEAR, THE SPENCE FOUNDATION TERMINATED ITS LEASE AND RELATED SUPPORT ARRANGEMENT WITH TRIAL LAWYERS COLLEGE. TREAS. REG. 1.509(A)-4(I)(5)(II)(D) PROVIDES THAT THE DISTRIBUTABLE AMOUNT FOR THE FIRST TAXABLE YEAR AN ORGANIZATION IS TREATED AS A NON-FUNCTIONALLY INTEGRATED TYPE III SUPPORTING ORGANIZATION IS ZERO. THEREFORE NO ADDITIONAL REPORTING IS INCLUDED WITH THIS RETURN. STARTING WITH THE FYE 9.30.21 THE ORGANIZATION WILL BECOME A NON- FUNCTIONALLY INTEGRATED TYPE III SUPPORT ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1ENTITY PROVIDED PHYSICAL FACILITIES FOR TRIAL LAWYERS COLLEGE THROUGH MAY 13, 2020. NO OTHER FACILITIES ARE AVAILABLE FOR TRIAL LAWYERS COLLEGE (SUPPORTED ENTITY).
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2ENTITY PROVIDED PHYSICAL FACILITIES FOR TRIAL LAWYERS COLLEGE THROUGH MAY 13, 2020.(SUPPORTED ENTITY).
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt3ENTITY PROVIDED PHYSICAL FACILITIES FOR TRIAL LAWYERS COLLEGE THROUGH MAY 13, 2020. NO OTHER FACILITIES WERE AVAILABLE FOR TRIAL LAWYERS COLLEGE (SUPPORTED ENTITY).
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt4DURING THE CURRENT FISCAL YEAR, THE SPENCE FOUNDATION TERMINATED ITS LEASE AND RELATED SUPPORT ARRANGEMENT WITH TRIAL LAWYERS COLLEGE. TREAS. REG. 1.509(A)-4(I)(5)(II)(D) PROVIDES THAT THE DISTRIBUTABLE AMOUNT FOR THE FIRST TAXABLE YEAR AN ORGANIZATION IS TREATED AS A NON-FUNCTIONALLY INTEGRATED TYPE III SUPPORTING ORGANIZATION IS ZERO. THEREFORE NO ADDITIONAL REPORTING IS INCLUDED WITH THIS RETURN. STARTING WITH THE FYE 9.30.21 THE ORGANIZATION WILL BECOME A NON- FUNCTIONALLY INTEGRATED TYPE III SUPPORT ORGANIZATION. SEE ATTACHED LIST OF ORGANIZATIONS SUPPORTED.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART IV, SECTION E, LINE 2A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc3PART IV, SECTION E, LINE 2B
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THROUGH MAY, 2020, THE SPENCE FOUNDATION FURNSHED THE FACILITIES (CLASSROOMS, MOCK COURTROOM, HOUSING, BOARDING FACILITIES, RECREATIONAL AREAS) IN WHICH THE TRIAL LAWYERS COLLEGE HOLDS ITS CURRICULUM AND TRAINING FOR ITS STUDENTS. WITHOUT FURNISHED FACILITIES, THE TRIAL LAWYERS COLLEGE WOULD NEED TO INCUR THE EXPENSE OF LOCATING, OPERATING AND MAINTAINING OTHER FACILITIES. DURING THE FISCAL YEAR, THE SPENCE FOUNDATION ENDED ITS LEASE AND RELATIONSHIP WITH TRIAL LAWYERS COLLEGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GERRY L. SPENCE CHRIS HAWKS TRUSTEE TRUSTEE STEP-SON GERRY L. SPENCE KENT SPENCE TRUSTEE TRUSTEE SON LANELLE P. SPENCE GERRY L. SPENCE TRUSTEE TRUSTEE MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A BOARD MEMBER REVIEWS THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt03594178
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IRS990/TotalAssetsGrp/EOYAmt03594178
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02462
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt094729
IRS990/TotalFunctionalExpensesGrp/TotalAmt097191
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02249
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt02249
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03634338
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03594178
IRS990/TotalOtherProgSrvcExpenseAmt042101
IRS990/TotalProgramServiceExpensesAmt094729
IRS990/TotalProgramServiceRevenueAmt037029
IRS990/TotalRevenueGrp/ExclusionAmt037031
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt057031
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03636587
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03594178
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IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 548
IRS990/USAddress/CityNm0JACKSON
IRS990/USAddress/StateAbbreviationCd0WY
IRS990/USAddress/ZIPCd083001
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt01
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRIS HAWKS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum03077333938
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SPENCE FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O SORENSEN & FLANAGAN LLC
ReturnHeader/Filer/BusinessNameControlTxt0SPEN
ReturnHeader/Filer/EIN0916413193
ReturnHeader/Filer/PhoneNum03077333938
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1845
ReturnHeader/Filer/USAddress/CityNm0JACKSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WY
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SORENSEN & FLANAGAN LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0POST OFFICE BOX 1845
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JACKSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd083001
ReturnHeader/PreparerPersonGrp/PhoneNum03077333938
ReturnHeader/PreparerPersonGrp/PreparationDt02021-08-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES T SORENSEN CPA
ReturnHeader/ReturnTs02021-08-16T12:47:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-10-01
ReturnHeader/TaxPeriodEndDt02020-09-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,594,178
Liabilities
$0
Net assets
$3,594,178
Revenue
$57,031
Expenses
$97,191
Net income
-$40,160
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.40$0.00$4.40$0.01$0.07$0.05
2024Detailed filing. Detailed filing data is available for this year.$4.45$0.00$4.45$1.11$0.06$1.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.41$0.00$3.41$0.01$0.06$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.51$0.00$3.51$0.03$0.11$0.08
2020Detailed filing. Detailed filing data is available for this year.$3.59$0.00$3.59$0.06$0.10$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.64$0.00$3.63$0.02$0.07$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.69$0.01$3.68$0.02$0.06$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.74$0.02$3.72$0.02$0.06$0.04
2016Detailed filing. Detailed filing data is available for this year.$3.80$0.03$3.77$0.02$0.07$0.05
2015Detailed filing. Detailed filing data is available for this year.$3.85$0.04$3.81$0.02$0.06$0.05
2014Detailed filing. Detailed filing data is available for this year.$3.91$0.04$3.86$0.01$0.07$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.96$0.04$3.92$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.02$0.04$3.98$0.07
2011Summary only. Only limited summary data is available for this year.$4.08$0.05$4.03$0.02$0.08$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.14$0.05$4.10$0.12