Spring Lake Presbyterian Trustees Inc

WALL, NJ EIN: 22-6331948

Spring Lake Presbyterian Trustees Inc is a private foundation, based in WALL, NJ. IRS filing data is available from 2020 through 2023. In 2023, it awarded 3 grants totaling $126K. Net investment income was $616.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$126K

+402.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$42K

+402.5% YoY

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.

About Spring Lake Presbyterian Trustees Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $169K (100%)

States

New Jersey

Cities

Asbury ParkSpring Lake

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2021
Total Assets	—	$131,871	$127,954
Revenue	$2,733	$33,008	$6,976
Expenses	$134,604	$28,831	$11,745
Qualifying Distributions	$131,697	$26,368	—
Net Investment Income	$616	$30,620	$4,449
Distributable Amount	$2,881	$7,195	$8,445

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 2023

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include St Andrews United Methodist Church ($75,000), Interfaith Neighbors ($45,625), Holy Trinity Church ($5,000).

Recipient	Purpose	Amount
St Andrews United Methodist Church Spring Lake, NJ	Program service support	$75,000
Holy Trinity Church Spring Lake, NJ	Program service support	$5,000
Interfaith Neighbors Asbury Park, NJ	Program service support	$45,625

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
Cathy D Stevens	Secretary	—	—
Walter Craig	President	—	—
Laura Stevens Kent	Vice President	—	—
Virginia Hundley	Secretary	—	$600

Frequently Asked Questions

Where does Spring Lake Presbyterian Trustees Inc operate?

Spring Lake Presbyterian Trustees Inc has awarded grants in New Jersey.

What size grants does Spring Lake Presbyterian Trustees Inc award?

In 2023, Spring Lake Presbyterian Trustees Inc awarded 3 grants totaling $126K — an average of about $42K per grant, based on its IRS Form 990 filings.

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 2020–2023.