Spring Lake Presbyterian Trustees Inc
Spring Lake Presbyterian Trustees Inc is a private foundation, based in Wall, NJ. IRS filing data is available from 2019 through 2023. In 2023, it awarded 3 grants totaling $126K. Net investment income was $616.
Spring Lake Presbyterian Trustees Inc at a glance
In short: Spring Lake Presbyterian Trustees Inc gave $126K across 3 grants in 2023 (avg $42K), mostly in New Jersey. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $125,625
- +402.5% vs 2022
- Grants made (2023)
- 3
- +0.0% vs 2022
- Average grant
- $41,875
- +402.5% vs 2022
- Median grant
- $45,625
- Primary geography
- New Jersey (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who Spring Lake Presbyterian Trustees Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2023
The largest 2023 recipient was St Andrews United Methodist Church ($75K). Together the top 3 received $126K.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 11 grants of 12 (92%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2023 grant dollars across all 3 itemized grants.
States
Cities
How Spring Lake Presbyterian Trustees Inc gives
- Giving grew 1156% from 2020 to 2023. Method
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2023, annual grant giving ranged from $8K (2021) to $126K (2023). In 2023 it made 3 grants totaling $126K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Andrews United Methodist Church Spring Lake, NJ | Program service support | $75,000 |
| Interfaith Neighbors Asbury Park, NJ | Program service support | $45,625 |
| Holy Trinity Church Spring Lake, NJ | Program service support | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2023 | — | $2,733 | $134,604 | $125,625 | 3 | $131,697 | $616 | $2,881 |
| 2022 | $131,871 | $33,008 | $28,831 | $25,000 | 3 | $26,368 | $30,620 | $7,195 |
| 2021 | $127,954 | $6,976 | $11,745 | $8,000 | 2 | — | $4,449 | $8,445 |
| 2020 | $132,728 | $-320 | $14,543 | $10,000 | 2 | — | $129 | $7,567 |
| 2019 | $147,562 | $7,869 | $17,061 | $13,000 | 2 | — | $4,883 | $7,922 |
Under IRS private-foundation payout rules, Spring Lake Presbyterian Trustees Inc reported a distributable amount of $3K for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Spring Lake Presbyterian Trustees Inc is led by Walter Craig, President since 2021 (on filings since 2019); 1 of 4 officers listed in 2023 is compensated.
Officers on the 2023 filing
Walter Craig
President
Trustee → President, 2021
On filings since 2019
$150 (2019) → $0 (2023)
Cathy D Stevens
Secretary
Trustee → Secretary, 2021
On filings since 2019
$150 (2019) → $0 (2023)
Laura Stevens Kent
Vice President
Trustee → Vice President, 2021
On filings since 2019
$150 (2020) → $0 (2023)
Virginia Hundley
Secretary
On filings since 2019
$300 (2019) → $600 (2023)
Former officers (2)
- Former: Jane Haulenback (2019–2020) — Trustee
- Former: William Bedle (2019–2020) — Trustee
Data from IRS Form 990 filings, 2019–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $600, to Virginia Hundley (Secretary).
Frequently asked questions about Spring Lake Presbyterian Trustees Inc
How much does Spring Lake Presbyterian Trustees Inc give each year?
Spring Lake Presbyterian Trustees Inc gave $126K across 3 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $25K across 3 grants.
What is Spring Lake Presbyterian Trustees Inc's typical grant size?
Spring Lake Presbyterian Trustees Inc's median grant in 2023 was $45,625, and its average grant was $41,875, across 3 grants on its 2023 IRS Form 990-PF.
Where does Spring Lake Presbyterian Trustees Inc give grants?
Spring Lake Presbyterian Trustees Inc gives mostly in New Jersey: 100% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Spring Lake, NJ (2 grants).
Does Spring Lake Presbyterian Trustees Inc give general operating support?
Not in 2023: none of the 3 grants with a stated purpose on Spring Lake Presbyterian Trustees Inc's 2023 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Program service support" (3 grants).
How much is Spring Lake Presbyterian Trustees Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Spring Lake Presbyterian Trustees Inc reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Spring Lake Presbyterian Trustees Inc's EIN?
Spring Lake Presbyterian Trustees Inc's EIN (Employer Identification Number) is 22-6331948. IRS Form 990 filing data is available on this page for 2019–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS January 21, 2020)
- IRS filings on file for fiscal years 2020–2023
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