Sprocket Foundation

New Hope, PA
Tax-exempt since March 2007
EIN: 77-0669399

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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: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$339k (2023)

Expenses

$2.36M (2023)

Total Assets

$20.5M (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

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 Dec.
2023

Revenue

$339,044

Expenses

$2,363,590

Net Income

-$2,024,546

Net Assets

$20,501,130

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$133,000	39.2%
Interest Revenue	$17	0.0%
Dividends	$421,465	> 100%
Sales of Assets	-$215,438
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,181,211	92.3%
Compensation of Officers*	$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	$20,501,130
Total Liabilities	$0
Net Assets	$20,501,130

Compensation

Key Employees and Officers	Compensation	Other
Stephen Mcdonnell (Trustee)	$0	$0
Jill Mcdonnell (Trustee)	$0	$0

990-PF

Filed on Nov. 15, 2024

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

-$321,340

Expenses

$2,291,740

Net Income

-$2,613,080

Net Assets

$22,706,294

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$44
Dividends	$463,903
Sales of Assets	-$785,287
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,145,051	93.6%
Compensation of Officers*	$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	$22,706,294
Total Liabilities	$0
Net Assets	$22,706,294

Compensation

Key Employees and Officers	Compensation	Other
Stephen Mcdonnell (Trustee)	$0	$0
Jill Mcdonnell (Trustee)	$0	$0

990-PF

Filed on Nov. 14, 2023

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$2,710,968

Expenses

$2,366,548

Net Income

$344,420

Net Assets

$24,266,768

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,000,000	73.8%
Interest Revenue	$88,635	3.3%
Dividends	$317,045	11.7%
Sales of Assets	$305,288	11.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,109,115	89.1%
Compensation of Officers*	$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	$24,266,768
Total Liabilities	$0
Net Assets	$24,266,768

Compensation

Key Employees and Officers	Compensation	Other
Stephen Mcdonnell (Trustee)	$0	$0
Jill Mcdonnell (Trustee)	$0	$0

990-PF

Filed on Nov. 14, 2022

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$4,781,284

Expenses

$1,145,270

Net Income

$3,636,014

Net Assets

$23,922,347

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,000,000	20.9%
Interest Revenue	$37	0.0%
Dividends	$247,865	5.2%
Sales of Assets	$3,533,382	73.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,098,630	95.9%
Compensation of Officers*	$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	$23,922,348
Total Liabilities	$1
Net Assets	$23,922,347

Compensation

Key Employees and Officers	Compensation	Other
Stephen Mcdonnell (Trustee)	$0	$0
Jill Mcdonnell (Trustee)	$0	$0

990-PF

Filed on March 30, 2021

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$1,261,231

Expenses

$1,170,100

Net Income

$91,131

Net Assets

$20,286,333

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$95	0.0%
Dividends	$435,958	34.6%
Sales of Assets	$825,178	65.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,115,940	95.4%
Compensation of Officers*	$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	$20,286,334
Total Liabilities	$1
Net Assets	$20,286,333

Compensation

Key Employees and Officers	Compensation	Other
Stephen Mcdonnell (Trustee)	$0	$0
Jill Mcdonnell (Trustee)	$0	$0

990-PF

Filed on Feb. 28, 2020

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$843,364

Expenses

$993,617

Net Income

-$150,253

Net Assets

$20,195,203

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$65	0.0%
Dividends	$436,503	51.8%
Sales of Assets	$406,796	48.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$902,236	90.8%
Compensation of Officers*	$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	$20,195,203
Total Liabilities	$0
Net Assets	$20,195,203

Compensation

Key Employees and Officers	Compensation	Other
Stephen Mcdonnell (Trustee)	$0	$0
Jill Mcdonnell (Trustee)	$0	$0

990-PF

Filed on May 3, 2019

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$1,713,314

Expenses

$763,823

Net Income

$949,491

Net Assets

$20,345,456

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$27	0.0%
Dividends	$360,578	21.0%
Sales of Assets	$1,341,709	78.3%
Other Income	$11,000	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$686,436	89.9%
Compensation of Officers*	$89,835	11.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$20,345,456
Total Liabilities	$0
Net Assets	$20,345,456

Compensation

Key Employees and Officers	Compensation	Other
Stephen Mcdonnell (Trustee)	$0	$0
Jill Mcdonnell (Trustee)	$0	$0

990-PF

Filed on Nov. 13, 2018

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$532,913

Expenses

$892,488

Net Income

-$359,575

Net Assets

$19,395,965

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$27	0.0%
Dividends	$260,682	48.9%
Sales of Assets	$272,204	51.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$813,948	91.2%
Compensation of Officers*	$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	$19,395,965
Total Liabilities	$0
Net Assets	$19,395,965

Compensation

Key Employees and Officers	Compensation	Other
Stephen Mcdonnell (Trustee)	$0	$0
Jill Mcdonnell (Trustee)	$0	$0

990-PF

Filed on Aug. 30, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$13,095,924

Expenses

$514,339

Net Income

$12,581,585

Net Assets

$19,749,338

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$10,494,222	80.1%
Interest Revenue	$1,223	0.0%
Dividends	$303,903	2.3%
Sales of Assets	$2,296,576	17.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$442,552	86.0%
Compensation of Officers*	$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	$19,749,338
Total Liabilities	$0
Net Assets	$19,749,338

990-PF

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$1,987,807

Expenses

$230,144

Net Income

$1,757,663

Net Assets

$7,167,753

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,335,439	67.2%
Interest Revenue	$177	0.0%
Dividends	$166,363	8.4%
Sales of Assets	$485,828	24.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$205,714	89.4%
Compensation of Officers*	$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	$7,167,753
Total Liabilities	$0
Net Assets	$7,167,753

990-PF

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$1,615,022

Expenses

$153,757

Net Income

$1,461,265

Net Assets

$5,410,090

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,437,380	89.0%
Interest Revenue	$894	0.1%
Dividends	$74,105	4.6%
Sales of Assets	$102,643	6.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$122,073	79.4%
Compensation of Officers*	$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	$5,410,090
Total Liabilities	$0
Net Assets	$5,410,090

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$2,015,240

Expenses

$60,627

Net Income

$1,954,613

Net Assets

$3,948,825

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,000,000	99.2%
Interest Revenue	$3,323	0.2%
Dividends	$13,852	0.7%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$54,762	90.3%
Compensation of Officers*	$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	$3,948,825
Total Liabilities	$0
Net Assets	$3,948,825

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$945,050

Expenses

$54,100

Net Income

$890,950

Net Assets

$1,994,212

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$930,000	98.4%
Interest Revenue	$15,050	1.6%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$53,550	99.0%
Compensation of Officers*	$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	$1,994,212
Total Liabilities	$0
Net Assets	$1,994,212

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Sprocket Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $339k (2023)

Expenses $2.36M (2023)

Total Assets $20.5M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$339k (2023)

Expenses

$2.36M (2023)

Total Assets

$20.5M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007