Spencer Foundation

Chicago, IL
Tax-exempt since July 1993
EIN: 36-6078558

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Education N.E.C. (NTEE)

Donations to this organization are tax deductible.

Revenue

$81.5M (2024)

Expenses

$45M (2024)

Total Assets

$667M (2024)

Total Liabilities

$43M (2024)

Years with missing data

Source: Form 990 tax filings from 2012 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending March
2024

Revenue

$81,530,805

Expenses

$44,974,960

Net Income

$36,555,845

Net Assets

$624,406,580

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,585,000	3.2%
Interest Revenue	$158,207	0.2%
Dividends	$15,666,548	19.2%
Sales of Assets	$63,118,690	77.4%
Other Income	$2,360	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$29,165,035	64.8%
Compensation of Officers*	$1,534,814	3.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$667,415,167
Total Liabilities	$43,008,587
Net Assets	$624,406,580

Compensation

Key Employees and Officers	Compensation	Other
Dr Na'ilah Suad Nasir (President & Director)	$707,444	$82,883
Kara Finnegan (Vice President)	$382,180	$97,183
Elizabeth Carrick (Chief Of Staff & Vp Of Admin.)	$339,130	$96,192
Andreason Brown (Cfo & Treasurer)	$304,380	$64,545
Laura Glick (Chief Investment Off)	$248,291	$41,156
Leah Bricker (Director Of Programs)	$174,139	$44,124
Kathryn Gray (Director Of Personne)	$144,405	$39,175
Doris Fischer (Board Secy & Rec Mgr (As Of 10/22))	$113,027	$48,529
Jenny Zhang (Program Officer)	$104,835	$60,382
Nonie Lesaux (Director)	$10,000	$0
Jane Patterson (Director)	$10,000	$0
Rob Reich (Director)	$10,000	$0
Cecilia Rios Aguilar (Director)	$10,000	$0
Mike Williams (Director)	$10,000	$0
Eduardo Padron (Director)	$7,500	$0
Carl Cohn (Director)	$5,000	$0
Kirabo Jackson (Director)	$5,000	$0
Prudence Carter (Director)	$3,333	$0

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990-PF

Filed on Oct. 31, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending March
2023

Revenue

$41,967,343

Expenses

$28,314,372

Net Income

$13,652,971

Net Assets

$568,503,398

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$500,000	1.2%
Interest Revenue	$438,924	1.0%
Dividends	$13,031,555	31.1%
Sales of Assets	$27,996,864	66.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$34,409,156	> 100%
Compensation of Officers*	$1,601,470	5.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$597,526,115
Total Liabilities	$29,022,717
Net Assets	$568,503,398

Compensation

Key Employees and Officers	Compensation	Other
Dr Na'ilah Suad Nasir (President & Director)	$675,781	$77,696
Elizabeth Carrick (Chief Of Staff & Vp Of Admin.)	$333,855	$90,974
Andreason Brown (Cfo & Treasurer)	$317,025	$63,224
Laura Glick (Chief Investment Off)	$231,355	$34,703
Leah Bricker (Director Of Programs)	$158,080	$40,695
Kathryn Gray (Director Of Personne)	$143,466	$37,982
Oi Yan Poon (Program Officer)	$139,205	$63,997
Emily Krone Phillips (Communications Direc)	$134,105	$20,116
Doris Fischer (Board Secy & Rec Mgr (As Of 10/22))	$120,041	$47,414
Judy Klippenstein (Board Secy & Rec Mgr (Thru 9/22))	$57,269	$23,969
Carl Cohn (Director)	$15,000	$0
Kirabo Jackson (Director)	$15,000	$0
Pamela Grossman (Director)	$10,000	$0
Nonie Lesaux (Director)	$10,000	$0
Jane Patterson (Director)	$10,000	$0
Rob Reich (Director)	$10,000	$0
Cecilia Rios Aguilar (Director)	$10,000	$0
Mike Williams (Director)	$10,000	$0
Eduardo Padron (Director)	$7,500	$0

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990-PF

Filed on Oct. 30, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending March
2022

Revenue

$32,472,140

Expenses

$27,699,039

Net Income

$4,773,101

Net Assets

$637,480,879

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000	0.3%
Interest Revenue	$5,485	0.0%
Dividends	$12,641,944	38.9%
Sales of Assets	$19,723,396	60.7%
Other Income	$1,315	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$32,556,110	> 100%
Compensation of Officers*	$1,498,624	5.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$670,624,797
Total Liabilities	$33,143,918
Net Assets	$637,480,879

Compensation

Key Employees and Officers	Compensation	Other
Dr Na'ilah Suad Nasir (President & Director)	$652,517	$73,725
Andreason Brown (Cfo & Treasurer)	$320,543	$59,226
Elizabeth Carrick (Chief Of Staff & Vp Of Admin.)	$303,055	$87,104
Laura Glick (Chief Investment Off)	$222,155	$33,323
Leah Bricker (Director Of Programs)	$138,963	$36,890
Oi Yan Poon (Program Officer)	$133,430	$61,271
Kathryn Gray (Director Of Personne)	$133,219	$35,679
Emily Krone Phillips (Communications Direc)	$128,630	$19,295
Judy Klippenstein (Board Secretary & Records Manager)	$114,176	$45,584
Carl Cohn (Director)	$10,000	$0
Pamela Grossman (Director)	$10,000	$0
Richard Murnane (Director)	$10,000	$0
Erick Odmark (Director)	$10,000	$0
Eduardo Padron (Director)	$10,000	$0
Jane Patterson (Director)	$10,000	$0
Rob Reich (Director)	$10,000	$0
Cecilia Rios Aguilar (Director)	$10,000	$0
Mark Vander Ploeg (Director)	$10,000	$0
Mike Williams (Director)	$10,000	$0
Kirabo Jackson (Director)	$5,000	$0
Nonie Lesaux (Director)	$3,333	$0

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990-PF

Filed on Feb. 15, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending March
2021

Revenue

$44,697,561

Expenses

$42,598,062

Net Income

$2,099,499

Net Assets

$633,644,459

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$22,496	0.1%
Dividends	$11,828,406	26.5%
Sales of Assets	$32,846,659	73.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$28,102,605	66.0%
Compensation of Officers*	$1,416,503	3.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$672,664,488
Total Liabilities	$39,020,029
Net Assets	$633,644,459

Compensation

Key Employees and Officers	Compensation	Other
Dr Na'ilah Suad Nasir (President & Director)	$639,056	$72,311
Elizabeth Carrick (Chief Of Staff & Vp Of Admin.)	$295,230	$85,936
Andreason Brown (Cfo & Treasurer)	$272,655	$57,223
Laura Glick (Chief Investment Off)	$216,705	$32,506
Kathryn Gray (Director Of Personne)	$128,405	$34,341
Oi Yan Poon (Program Officer)	$108,692	$51,717
Judy Klippenstein (Board Secretary & Records Manager)	$102,062	$44,735
Roey Ahram (Associate Program Of)	$101,407	$49,961
Annie Brinkman (Director Of Grants A)	$95,405	$53,557
Carl Cohn (Director)	$10,000	$0
Pamela Grossman (Director)	$10,000	$0
Richard Murnane (Director)	$10,000	$0
Erick Odmark (Director)	$10,000	$0
Mark Vander Ploeg (Director)	$10,000	$0
Stephen W Raudenbush (Director)	$10,000	$0
Cybele C Raver (Director)	$10,000	$0
Mike Williams (Director)	$10,000	$0
Cecilia Rios Aguilar (Director)	$10,000	$0
Rob Reich (Director)	$10,000	$0
Eduardo Padron (Director)	$7,500	$0

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990-PF

Filed on Nov. 8, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending March
2020

Revenue

$51,260,147

Expenses

$27,890,300

Net Income

$23,369,847

Net Assets

$473,828,777

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$270,973	0.5%
Dividends	$12,844,971	25.1%
Sales of Assets	$38,144,203	74.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$27,622,934	99.0%
Compensation of Officers*	$1,306,872	4.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$497,585,211
Total Liabilities	$23,756,434
Net Assets	$473,828,777

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending March
2019

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

PDF (2 of 2)

Fiscal Year Ending March
2018

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending March
2017

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending March
2016

Revenue

$16,560,818

Expenses

$35,439,207

Net Income

-$18,878,389

Net Assets

$468,952,461

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$252	0.0%
Interest Revenue	$9,729	0.1%
Dividends	$12,269,984	74.1%
Sales of Assets	$4,280,348	25.8%
Other Income	$505	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$26,512,444	74.8%
Compensation of Officers*	$1,178,032	3.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$501,283,177
Total Liabilities	$32,330,716
Net Assets	$468,952,461

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending March
2015

Revenue

$29,324,931

Expenses

$43,479,080

Net Income

-$14,154,149

Net Assets

$512,161,916

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$110,000	0.4%
Interest Revenue	$20,263	0.1%
Dividends	$14,355,743	49.0%
Sales of Assets	$14,837,125	50.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$34,073,358	78.4%
Compensation of Officers*	$1,318,010	3.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$537,487,478
Total Liabilities	$25,325,562
Net Assets	$512,161,916

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending March
2014

Revenue

$21,247,686

Expenses

$22,485,483

Net Income

-$1,237,797

Net Assets

$512,929,879

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,005	0.0%
Dividends	$11,322,067	53.3%
Sales of Assets	$9,909,654	46.6%
Other Income	$460	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$19,577,330	87.1%
Compensation of Officers*	$1,294,082	5.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$530,519,280
Total Liabilities	$17,589,401
Net Assets	$512,929,879

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending March
2013

Revenue

$23,628,945

Expenses

$15,336,608

Net Income

$8,292,337

Net Assets

$457,201,940

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$291	0.0%
Dividends	$12,024,581	50.9%
Sales of Assets	$11,586,973	49.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$16,500,529	> 100%
Compensation of Officers*	$1,259,700	8.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$472,399,062
Total Liabilities	$15,197,122
Net Assets	$457,201,940

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending March
2012

Revenue

$15,251,985

Expenses

$20,285,940

Net Income

-$5,033,955

Net Assets

$418,675,378

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,474	0.0%
Dividends	$10,460,465	68.6%
Sales of Assets	$4,772,656	31.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$16,101,012	79.4%
Compensation of Officers*	$1,082,889	5.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$435,773,012
Total Liabilities	$17,097,634
Net Assets	$418,675,378

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Types of Nonprofits

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Spencer Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $81.5M (2024)

Expenses $45M (2024)

Total Assets $667M (2024)

Total Liabilities $43M (2024)

Tax Filings by Year

Fiscal Year Ending March 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

990-T

Fiscal Year Ending March 2019

No Extracted Financial Data

Document Links

990-PF

990-T

Fiscal Year Ending March 2018

No Extracted Financial Data

Document Links

990-PF

990-T

Fiscal Year Ending March 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending March 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending March 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending March 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending March 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending March 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending March 2011

No Extracted Financial Data

Revenue

$81.5M (2024)

Expenses

$45M (2024)

Total Assets

$667M (2024)

Total Liabilities

$43M (2024)

Fiscal Year Ending March
2024

Fiscal Year Ending March
2023

Fiscal Year Ending March
2022

Fiscal Year Ending March
2021

Fiscal Year Ending March
2020

Fiscal Year Ending March
2019

Fiscal Year Ending March
2018

Fiscal Year Ending March
2017

Fiscal Year Ending March
2016

Fiscal Year Ending March
2015

Fiscal Year Ending March
2014

Fiscal Year Ending March
2013

Fiscal Year Ending March
2012

Fiscal Year Ending March
2011

Fiscal Year Ending March
2010

Fiscal Year Ending March
2009

Fiscal Year Ending March
2008

Fiscal Year Ending March
2006

Fiscal Year Ending March
2005

Fiscal Year Ending March
2004

Fiscal Year Ending March
2003

Fiscal Year Ending March
2002