Civic Intelligence

Spence Foundation C/O Christopher Hawks

990 • Fiscal year 2021 • EIN 91-6413193

Oct 01, 2020 to Sep 30, 2021 • Filed on Aug 02, 2022

Organization Profile
PO Box 1495Jackson, WY 83001

(307) 733-9437

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

1st percentile

-262%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

20th percentile

-2.3%

Faster asset growth than 20% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

6th percentile

-45%

Faster revenue growth than 6% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$3,511,568

Down $82,610 (-2.3%) from 2020

Net Assets

Down

$3,511,568

Down $82,610 (-2.3%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin1st percentile

Revenue

Down

$31,501

Down $25,530 (-45%) from 2020

Expenses

Up

$114,111

Up $16,920 (+17%) from 2020

Net Income

Down

-$82,610

Down $42,450 (-106%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth20th 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

2021

Assets$3,511,568
Liabilities$0
Net Assets$3,511,568
Open 2021 Filing

Operations Trend

Revenue Growth6th 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

2021

Revenue$31,501
Expenses$114,111
Net Income-$82,610
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Aug 2, 2022
Return Version
2020v4.0
Gross Receipts
$31,501
Mission and Program Overview

Mission

Providing conference facilities for non-profit educational organization

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,563,557$3,510,988▼ $52,569
Savings and Temporary Cash Investments$30,621$580▼ $30,041
Total Assets$3,594,178$3,511,568▼ $82,610
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,594,178$3,511,568▼ $82,610
Total Net Assets Fund Balance$3,594,178$3,511,568▼ $82,610
Total Liabilities and Net Assets / Fund Balance$3,594,178$3,511,568▼ $82,610

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,731,533-$2,731,533
Buildings$779,455$1,310,374$2,089,829
Equipment-$52,945$52,945
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$29,500
Program Service Revenue
$2,000
Investment Income
$1
Other Revenue
$0
All Other Contributions
$29,500
Change in Net Assets
$-82,610
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$114,111
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$34,420--$34,420
Occupancy$7,560--$7,560
Fees for Services Accounting-$3,284-$3,284
Other Expenses$68$84-$68
Total Functional Expenses$109,869$4,242$0$114,111
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 lanelle p. Spence gerry l. Spence trustee trustee married”

Form 990, Page 6, Part VI, Line 8A

“The spence foundation is in the process of reorganizing its board and updating its supporting organization list with its attorney.”

Form 990, Page 6, Part VI, Line 8B

“The spence foundation is in the process of reorganizing its board and updating its supporting organization list with its attorney.”

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
3077339437
Address
PO BOX 1495, JACKSON, WY 83001

Signing Officer

Name
Chris Hawks
Title
Trustee
Phone
3077333938
Signed
2022-08-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gerry L Spence
Formed
1996
Legal Domicile
Wy
Voting Board Members
3
Independent Board Members
0
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

“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. Without furnished facilities, the erry spence method at thunderhead ranch inc would need to incur the expense of locating, operating and maintaining other facilities.”

Raw XML Appendix324 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/ExplanationTxt0THE SPENCE FOUNDATION IS CURRENTLY LEASING ITS PROPERTY TO THE GERRY SPENCE METHOD AT THUNDERHEAD RANCH, INC. A WRITTEN LEASE IS BEING DRAFTED FOR REVIEW BY BOTH ENTITIES. THE FOUNDATION BOARD DISCUSSES AND IS AWARE OF THE GERRY SPENCE METHOD CURRICULUM AND ITS USE OF THE FOUNDATION FACILITIES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1ENTITY PROVIDED PHYSICAL FACILITIES FOR THE GERRY SPENCE METHOD AT THUNDERHEAD RANCH, INC. NO OTHER FACILITIES ARE AVAILABLE FOR THE GERRY SPENCE METHOD AT THUNDERHEAD RANCH, INC.(SUPPORTED ENTITY).
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt3ENTITY PROVIDED PHYSICAL FACILITIES FOR THE GERRY SPENCE METHOD AT THUNDERHEAD RANCH, INC. NO OTHER FACILITIES WERE AVAILABLE FOR THE GERRY SPENCE METHOD AT THUNDERHEAD RANCH, INC.(SUPPORTED ENTITY).
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt4SEE ATTACHED LIST OF ORGANIZATIONS SUPPORTED.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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. WITHOUT FURNISHED FACILITIES, THE ERRY SPENCE METHOD AT THUNDERHEAD RANCH INC WOULD NEED TO INCUR THE EXPENSE OF LOCATING, OPERATING AND MAINTAINING OTHER FACILITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GERRY L. SPENCE CHRIS HAWKS TRUSTEE TRUSTEE STEP-SON LANELLE P. SPENCE GERRY L. SPENCE TRUSTEE TRUSTEE MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SPENCE FOUNDATION IS IN THE PROCESS OF REORGANIZING ITS BOARD AND UPDATING ITS SUPPORTING ORGANIZATION LIST WITH ITS ATTORNEY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SPENCE FOUNDATION IS IN THE PROCESS OF REORGANIZING ITS BOARD AND UPDATING ITS SUPPORTING ORGANIZATION LIST WITH ITS ATTORNEY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A BOARD MEMBER REVIEWS THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 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 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03594178
IRS990/TotalAssetsEOYAmt03511568
IRS990/TotalAssetsGrp/BOYAmt03594178
IRS990/TotalAssetsGrp/EOYAmt03511568
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt029500
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04242
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0109869
IRS990/TotalFunctionalExpensesGrp/TotalAmt0114111
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03594178
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03511568
IRS990/TotalOtherProgSrvcExpenseAmt041980
IRS990/TotalProgramServiceExpensesAmt0109869
IRS990/TotalProgramServiceRevenueAmt02000
IRS990/TotalRevenueGrp/ExclusionAmt02001
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt031501
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03594178
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03511568
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 548
IRS990/USAddress/CityNm0JACKSON
IRS990/USAddress/StateAbbreviationCd0WY
IRS990/USAddress/ZIPCd083001
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRIS HAWKS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum03077333938
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SPENCE FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O CHRISTOPHER HAWKS
ReturnHeader/Filer/BusinessNameControlTxt0SPEN
ReturnHeader/Filer/EIN0916413193
ReturnHeader/Filer/PhoneNum03077339437
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1495
ReturnHeader/Filer/USAddress/CityNm0JACKSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WY
ReturnHeader/Filer/USAddress/ZIPCd083001
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461336065
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/PreparationDt02022-08-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES T SORENSEN CPA
ReturnHeader/ReturnTs02022-08-09T12:16:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHRIS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HAWKS
ReturnHeader/TaxPeriodBeginDt02020-10-01
ReturnHeader/TaxPeriodEndDt02021-09-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,511,568
Liabilities
$0
Net assets
$3,511,568
Revenue
$31,501
Expenses
$114,111
Net income
-$82,610
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
2021Detailed filing. Detailed filing data is available for this year.$3.51$0.00$3.51$0.03$0.11$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
Peer Organizations

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