New London-spicer Educational Foundation is a 501(c)(3) organization based in New London, Minnesota, registered in 2006, with $135,439 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$135K
▲ 142.5% vs prior year
Education median: $200K
Expenses (FY2024)
$145K
Net assets
$683K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for New London-spicer Educational Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For New London-spicer Educational Foundation: 57 mo reserves · -7% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for New London-spicer Educational Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For New London-spicer Educational Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $20K (FY2012) to $135K (FY2024) across 13 reported years.
Financial snapshot
Operating margin
-6.9%
Spent more than it raised in the latest fiscal year.
Total assets
$683K
Total liabilities
$0
Net assets
$683K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $135,439▲143% | $144,735▲240% | $683,135▲8.4% | $683,135▲8.4% | 990 |
| 2023 | $55,840▲47.6% | $42,543▲33.6% | $630,234▲14.5% | $630,234▲14.5% | 990 |
| 2022 | $37,829▼40.0% | $31,832▼6.8% | $550,303▼13.8% | $550,303▼13.8% | 990 |
| 2021 | $63,082▲315% | $34,150▲1.4% | $638,195▲16.9% | $638,195▲16.9% | 990 |
| 2020 | $15,195▼93.7% | $33,675▼27.2% | $545,722▲4.3% | $545,722▲4.3% | 990 |
| 2019 | $242,065▲30.8% | $46,282▲86.2% | $523,203▲91.4% | $523,203▲91.4% | 990 |
| 2018 | $185,101▲77.7% | $24,855▼24.9% | $273,305▲153% | $273,305▲153% | 990 |
| 2017 | $104,187▲292% | $33,092▲73.9% | $108,075▲192% | $108,075▲192% | 990EZ |
| 2016 | $26,610▼19.0% | $19,033▼39.8% | $36,980▲25.8% | $36,980▲25.8% | 990EZ |
| 2015 | $32,839▼7.8% | $31,617▼4.2% | $29,403▲4.3% | $29,403▲4.3% | 990EZ |
| 2014 | $35,625▼0.5% | $33,009▼0.4% | $28,180▲10.2% | $28,180▼2.9% | 990EZ |
| 2013 | $35,791▲76.5% | $33,148▲1.9% | $25,563▲11.5% | $29,020▲26.6% | 990EZ |
| 2012 | $20,277 | $32,536▲181% | $22,920▼34.8% | $22,920▼34.8% | 990EZ |
| 2011 | — | $11,594 | $35,179 | $35,179 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
1 grant to New London-spicer Educational Foundation totaling $102K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Donor Advised Charitable Giving | Education | 2017 | $102,000 |
Explore more
Data for New London-spicer Educational Foundation (EIN 20-2369692) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.