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Nonprofiteer
← SPASTIC CHILDREN S ENDOWMENT FOUNDATION

Form 990 for tax year 2024

Filed by SPASTIC CHILDREN S ENDOWMENT FOUNDATION.

Totals

Total revenue
$9,209,140
Total expenses
$5,721,943
Contributions and grants received
$2,143,615
Grants paid
$5,288,253
Program service revenue
$0
Investment income
$1,799,022
Other revenue
$5,266,503
Total assets, end of year
$88,583,083
Total liabilities, end of year
$6,831
Net assets or fund balances, end of year
$88,576,252
Program services expenses (Part IX)
$5,622,686
Management and general expenses
$99,257
Fundraising expenses
$0
Program service expenses (Part III)
$5,622,686

Program services were 98.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,143,615

  • 3 · Investment income

    total $750,609 · related or exempt $750,609

  • 7a · Gross sales of assets other than inventory

    securities $6,549,537

  • 7b · Less cost or other basis and sales expenses

    securities $5,501,124

  • 7c · Gain or loss

    securities $1,048,413

  • 7d · Net gain or loss

    total $1,048,413 · related or exempt $1,048,413

  • 11a · Other revenue: PARTNERSHIP INCOME (LOSS)

    total $5,266,503 · related or exempt $5,266,503

  • 11e · Other revenue, total

    $5,266,503

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,288,253 · program services $5,288,253

  • 11c · Fees: accounting

    total $24,838 · management and general $24,838

  • 11f · Fees: investment management

    total $334,433 · program services $334,433

  • 13 · Office expenses

    total $15,666 · management and general $15,666

  • 16 · Occupancy

    total $50,424 · management and general $50,424

  • 23 · Insurance

    total $8,329 · management and general $8,329

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,420,585 · end of year $2,559,035

  • 12 · Investments: other securities

    beginning of year $79,792,301 · end of year $86,024,048

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,607 · end of year $6,831

  • 27 · Net assets without donor restrictions

    beginning of year $74,762,000 · end of year $80,971,297

  • 28 · Net assets with donor restrictions

    beginning of year $7,444,279 · end of year $7,604,955

Mission and programs · 2024

Mission

SPASTIC CHILDREN'S ENDOWMENT FOUNDATION WAS ESTABLISHED TO ENCOURAGE, SOLICIT, AND MANAGE PRIVATE GIFTS FOR THE BENEFIT OF MOMENTUM AGENCIES AND ITS CHARITABLE MISSION AND PROGRAMS.

  • SPASTIC CHILDREN'S ENDOWMENT FOUNDATION WAS ESTABLISHED TO ENCOURAGE, SOLICIT, AND MANAGE PRIVATE GIFTS FOR THE BENEFIT OF MOMENTUM AGENCIES AND ITS CHARITABLE MISSION AND PROGRAMS.

    Expenses $5,622,686 · Grants $5,288,253 · Revenue $7,065,525

As filed on the 2024 return.

Listed in Part VII

  • Peter William Shapiro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Peter Longo

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ronald Levenson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Richard Hansen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ronald S Cohen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Miller

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Paige Levenstein

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dan Nguyen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lori Anderson

    PRESIDENT & CEO

    Total calculated
    $677,539
    From this org
    $0
    From related orgs
    $654,539
    Other
    $23,000
    Hours/week
    10 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $444,539 related
    Bonus
    $0 + $210,000 related
    Other
    $0
    Deferred
    $0 + $23,000 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $677,539 related

  • Joe Simoneschi

    CHIEF FINANCIAL OFFICER

    Total calculated
    $385,808
    From this org
    $0
    From related orgs
    $362,808
    Other
    $23,000
    Hours/week
    10 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $305,128 related
    Bonus
    $0 + $57,680 related
    Other
    $0
    Deferred
    $0 + $23,000 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $385,808 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • MOMENTUM AGENCIES

    501(C)(3) · TO PROVIDE SUPPORT SERVICES TO PEOPLE WITH DEVELOPMENTAL DISABILITIES · CA

    Directly controlled by NONE

  • MOMENTUM WORK INC

    501(C)(3) · TO PROVIDE SUPPORT SERVICES TO PEOPLE WITH DEVELOPMENTAL DISABILITIES · CA

    Directly controlled by NONE

Provenance

Return type
form_990
Tax year
2024
Filed
6 May 2026
IRS schema version
2024v5.5
Source object
202611319349304816

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