Michael Spano Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAKE MARY, FL. IRS filing data is available for 2020. As of 2020, the organization holds $5K in total assets. In 2020, it awarded 3 grants totaling $51K.
Financial Overview
From 2020 IRS Form 990-PF · View filing
Total Assets
$5K
Annual Giving
$51K
Grant Count
3
Avg Grant Size
$17K
Under IRS private-foundation payout rules, Michael Spano Foundation Inc reported a distributable amount of $448 for 2020 — the minimum it must pay out in qualifying distributions.
About Michael Spano Foundation Inc
Based on IRS filings
Michael Spano Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAKE MARY, FL. IRS filing data is available for 2020. As of 2020, the organization holds $5K in total assets. In 2020, it awarded 3 grants totaling $51K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2020 |
|---|---|
| Total Assets | $5,183 |
| Revenue | $62,249 |
| Expenses | $70,072 |
| Qualifying Distributions | — |
| Net Investment Income | — |
| Distributable Amount | $448 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2020
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2020 grants, the largest include Northland Distributed Church ($30,000), True Northland Foundation ($20,000), Central Florida Community Arts ($695).
| Recipient | Purpose | Amount |
|---|---|---|
| CENTRAL FLORIDA COMMUNITY ARTS ORLANDO, FL | ARTS FOR DISABLED COMMUNITY | $695 |
| NORTHLAND DISTRIBUTED CHURCH LONGWOOD, FL | FUNDING FOR TNA MINISTRIES. | $30,000 |
| TRUE NORTHLAND FOUNDATION LONGWOOD, FL | ACCESS MINISTRIES | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2020 IRS filing
From 2020 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SHARON SPANO | DIRECTOR | 20 | — |
| RALPH SPANO | DIRECTOR | 8 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Michael Spano Foundation Inc?
Michael Spano Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in LAKE MARY, FL. It holds $5K in total assets as of 2020.
How large is Michael Spano Foundation Inc?
As of 2020, Michael Spano Foundation Inc holds $5K in total assets with $62K in annual revenue. It awarded 3 grants totaling $51K in 2020.
Where does Michael Spano Foundation Inc operate?
Michael Spano Foundation Inc has awarded grants in Florida.
What size grants does Michael Spano Foundation Inc award?
In 2020, Michael Spano Foundation Inc awarded 3 grants totaling $51K — an average of about $17K per grant, based on its IRS Form 990 filings.
How much is Michael Spano Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2020, Michael Spano Foundation Inc reported a distributable amount of $448 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Michael Spano Foundation Inc's EIN?
Michael Spano Foundation Inc's EIN (Employer Identification Number) is 47-4637243. IRS Form 990 filing data is available on this page for 2020.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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