Overview
What is Spencer Industries Foundation Inc?
Spencer Industries Foundation Inc is a nonprofit organization based in Spencer, Iowa, dedicated to fostering the expansion and improvement of local businesses. Their primary goal is to contribute to the economic growth and development of Spencer and its surrounding areas. The foundation's mission encompasses this objective, aiming to assist businesses in their growth journey while also enhancing the overall economic landscape of the region.
Is Spencer Industries Foundation Inc legitimate?
Spencer Industries Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Spencer Industries Foundation Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Spencer Industries Foundation Inc?
The mission of Spencer Industries Foundation Inc, as stated, is centered around promoting and aiding the expansion of businesses in its vicinity. This encompasses the growth and development of businesses in the area surrounding Spencer, Iowa. The foundation's primary objective is to boost the economic development in this region.
What is the revenue of Spencer Industries Foundation Inc?
Spencer Industries Foundation Inc's revenue in 2024 was $9,008.
Who are the executives of Spencer Industries Foundation Inc and what are their salaries?
Here are 13 key members and their salaries:
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Where can I find the form 990EZ for Spencer Industries Foundation Inc?
Spencer Industries Foundation Inc's most recent form 990EZ was submitted in 2024 and can be accessed here.
Mission Statement of Spencer Industries Foundation Inc
Spencer Industries Foundation Inc, in its mission, aims to foster and support the expansion of business ventures in its vicinity, primarily centered around Spencer, Iowa. The organization's primary objective is to contribute to the economic growth and development of this area. By promoting and assisting local businesses, Spencer Industries Foundation Inc intends to enhance the overall economic standing of Spencer, Iowa, and its surrounding communities.
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Impact
October, 2024
Spencer Industries Foundation Inc plays a vital role in fostering economic growth and business development in Spencer, Iowa, and its surrounding areas. By supporting the establishment and expansion of local businesses, the foundation contributes to the vitality and sustainability of the community. Its initiatives are geared towards enhancing the business environment, which not only increases employment opportunities but also boosts the overall economy of the region.
Through targeted assistance and promotion of business concerns, the foundation helps create a robust network of enterprises that can thrive in a competitive landscape. This, in turn, encourages investment, innovation, and entrepreneurship, leading to a stronger and more resilient community. The foundation's commitment to community improvement ensures that Spencer continues to evolve as a place where businesses and residents can flourish together.
This information is meant to be a general summary of Spencer Industries Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $8
- Gross Receipts: $9,008
Assets and Liabilities:
- Total Assets: $342,348
- Total Liabilities: $30,851
- Net Assets: $311,497
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Organization Details
Principal Officer
Philip Ramstack
NTEE Category
Code: S31 - Community improvement
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