Nonprofit · EIN 45-5343478
SPENCE ASSET MANAGEMENT FOUNDATION
Tax-exempt · LAS CRUCES, NM 88011
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $35,888 | $73,093 | -$37,205 | $75,380 | $0 | $75,380 |
| December 31, 2024 | 990-PF | $15,000 | $33,450 | -$18,450 | $32,369 | $0 | $32,369 |
| December 31, 2023 | 990-PF | $30,000 | $33,375 | -$3,375 | $50,819 | $0 | $50,819 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $35,000
- Dividends
- $888
Expenses
- Grants and similar amounts paid
- $72,650
- Disbursements for charitable purposes
- $72,650
- Excise tax on investment income
- $12
Balance sheet and other
- Total assets, start of year
- $58,115
- Total assets, end of year
- $75,380
- Total liabilities, end of year
- $0
- Net assets, end of year
- $75,380
- Fair market value of assets
- $101,766
- Qualifying distributions
- $72,650
- Net investment income
- $888
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC WALTON 1800 SOUTH TELSHOR BLVD, LAS CRUCES, NM 88011 | PRESIDENT | 0 | $0 |
| SHEILA WALTON 1800 SOUTH TELSHOR BLVD, LAS CRUCES, NM 88011 | TREASURER | 0 | $0 |
| CARRIE NESTLE 1800 SOUTH TELSHOR BLVD, LAS CRUCES, NM 88011 | SECRETARY | 0 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC WALTON 1800 SOUTH TELSHOR BLVD, LAS CRUCES, NM 88011 | PRESIDENT | 0 | $0 |
| SHEILA WALTON 1800 SOUTH TELSHOR BLVD, LAS CRUCES, NM 88011 | TREASURER | 0 | $0 |
| CARRIE NESTLE 1800 SOUTH TELSHOR BLVD, LAS CRUCES, NM 88011 | SECRETARY | 0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC WALTON 1800 SOUTH TELSHOR BLVD, LAS CRUCES, NM 88011 | PRESIDENT | 0 | $0 |
| SHEILA WALTON 1800 SOUTH TELSHOR BLVD, LAS CRUCES, NM 88011 | TREASURER | 0 | $0 |
| CARRIE NESTLE 1800 SOUTH TELSHOR BLVD, LAS CRUCES, NM 88011 | SECRETARY | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1800 S TELSHOR BLVD, LAS CRUCES, NM 88011-4830
- Signed the 990-PF
- ERIC WALTON, PRESIDENT
- Phone
- (575) 556-8500
- Return prepared by
- BEASLEY MITCHELL & CO LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 45-5343478
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T21)
- Assets (IRS master file)
- $75,380
- Income (IRS master file)
- $35,888
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $35,888 | $73,093 | $75,380 | XML |
| 990-PF | December 2024 | $15,000 | $33,450 | $32,369 | IRS |
| 990-PF | December 2023 | $30,000 | $33,375 | $50,819 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-5343478).
Questions about SPENCE ASSET MANAGEMENT FOUNDATION
- What is the EIN of SPENCE ASSET MANAGEMENT FOUNDATION?
- The employer identification number (EIN) of SPENCE ASSET MANAGEMENT FOUNDATION is 45-5343478.
- Is SPENCE ASSET MANAGEMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to SPENCE ASSET MANAGEMENT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SPENCE ASSET MANAGEMENT FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SPENCE ASSET MANAGEMENT FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SPENCE ASSET MANAGEMENT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of SPENCE ASSET MANAGEMENT FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does SPENCE ASSET MANAGEMENT FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $35,888, expenses of $73,093 and total assets of $75,380 at year end.
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