Spencer Educational Foundation, Inc.
Spencer Educational Foundation, Inc.
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About this organization
Mission
The Spencer Educational Foundation is a 501(c)(3) nonprofit organization funding the education of tomorrow’s risk management and insurance leaders through scholarships, grants, internship opportunities, on and off campus experiential learning, and support of risk management/insurance curricula.
About
The Foundation is the leading organiztion in awarding scholarships to students going into the risk management and insurance industry. In 2018, the Foundation awarded $482,644 in scholarships and $290,823 in experiential learning grants including internships and Risk Manager in Residence Programs.
Interesting data from their 2020 990 filing
The purpose of the non-profit is stated in the filing as “Funding the education of tomorrow's risk management and insurance leaders.”.
When detailing its duties, they were outlined as: “Spencer educational foundation, inc.'s ("the foundation") mission is to fund the education of tomorrows risk management and insurance industry leaders. (see schedule o)”.
- As per legal requirements, the non-profit's state of operation is reported as GA.
- The non-profit's address in 2020 as per the filing is 1407 BROADWAY 29TH FLOOR, NEW YORK, NY, 10018.
- The non-profit's form for the year 2020 reports a total of 0 employees on their payroll.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$244,592.
- The CEO's salary policy within the organization is not determined through a review and approval by an independent source.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 19 independent voting members.
- The organization has a professional fund raiser.
- The organization was formed in 1979.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule O.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $470,484 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization pays grants to individuals.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization has fundraising events.
- The organization has grants to organizations.
- The organization's financial statements were reviewed by an accountant.
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