Nonprofit · EIN 58-1420617
SPENCER EDUCATIONAL FOUNDATION INC
Tax-exempt · NEW YORK, NY 10087
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,256,856 | $4,715,343 | -$458,487 | $9,880,646 | $504,118 | $9,376,528 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $3,693,435
- Program service revenue
- $0
- Investment income
- $539,121
- Net gain from sales of assets
- $264,470
- Other revenue
- $24,300
Expenses
- Grants and similar amounts paid
- $2,942,586
- Compensation of officers, directors and key employees
- $440,306
- Other salaries and wages
- $532,094
- Salaries, compensation and benefits (total)
- $1,113,217
- Professional fundraising fees
- $0
- Accounting fees
- $49,995
- Travel
- $257,744
- Program services (functional)
- $4,180,457
- Management and general (functional)
- $181,444
- Fundraising (functional)
- $353,442
Balance sheet and other
- Total assets, start of year
- $10,061,035
- Total assets, end of year
- $9,880,646
- Total liabilities, end of year
- $504,118
- Net assets, end of year
- $9,376,528
- Land, buildings and equipment
- $10,215
- Publicly traded securities
- $7,602,477
- Net assets without donor restrictions
- $6,206,904
- Net assets with donor restrictions
- $3,169,624
- Gross receipts
- $8,354,885
- Employees
- 0
- Volunteers
- 75
- Year formed
- 1979
- State of legal domicile
- GA
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MEGAN MILLER | CEO Officer | 40 | $386,769 | $53,537 |
| KENNETH GOLDSTEIN | UNIVERSITY PARTNERSHIPS DI Highest-paid employee | 40 | $170,261 | $40,676 |
| TANDEKA NOMVETE | EXTERNAL ENGAGEMENT DIRECT Highest-paid employee | 40 | $103,788 | $19,181 |
| STEPHEN ACUNTO JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSEPH CELLURA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LYNDSEY CHRISTOFER | DIRECTOR (JOINED 1/1/25) Trustee or director | 1 | $0 | $0 |
| DR CASSANDRA COLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN DIAZ | DIRECTOR (JOINED 5/1/25) Trustee or director | 1 | $0 | $0 |
| ANDREA M DUDEK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DUNCAN ELLIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELIZABETH GEARY | DIRECTOR (RETIRED 6/18/25) Trustee or director | 1 | $0 | $0 |
| JULIE GIBSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMY GROSS | DIRECTOR (JOINED 9/1/25) Trustee or director | 1 | $0 | $0 |
| STEPHEN HACKENBURG | DIRECTOR (JOINED 1/1/25) Trustee or director | 1 | $0 | $0 |
| ALBAN LALOUM | DIRECTOR (RETIRED 9/5/25) Trustee or director | 1 | $0 | $0 |
18 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH V LAROCCO JR | DIRECTOR Trustee or director | 1 | $0 |
| DR WEILI LU | DIRECTOR Trustee or director | 1 | $0 |
| MICHELLE MCLANE | DIRECTOR Trustee or director | 1 | $0 |
| MANUEL PADILLA | DIRECTOR (RETIRED 12/31/25) Trustee or director | 1 | $0 |
| LINTON B PUCKETT | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH RICCIARDELLI | DIRECTOR (RETIRED 12/31/25) Trustee or director | 1 | $0 |
| ROBIN ROEDER | DIRECTOR Trustee or director | 1 | $0 |
| MICHELE J SANSONE | DIRECTOR Trustee or director | 1 | $0 |
| JARROD SCHLESINGER | DIRECTOR (JOINED 7/1/25) Trustee or director | 1 | $0 |
| BEN SLOOP | DIRECTOR (RETIRED 12/31/25) Trustee or director | 1 | $0 |
| KRISTYN SMALLCOMBE | DIRECTOR (JOINED 5/1/25) Trustee or director | 1 | $0 |
| SUE SRINIVASAN | DIRECTOR Trustee or director | 1 | $0 |
| CRISTINA VIGILANTE | DIRECTOR (JOINED 5/1/25) Trustee or director | 1 | $0 |
| JOHNELL HOLLY | CHAIR Trustee or director, Officer | 5 | $0 |
| JEFFREY COHEN | PRESIDENT Trustee or director, Officer | 3 | $0 |
| BOB THOMAS | VICE PRESIDENT Trustee or director, Officer | 3 | $0 |
| JACQUELYN BOLIG | SECRETARY Trustee or director, Officer | 3 | $0 |
| MICHAEL VANACKER | TREASURER Trustee or director, Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 23613, NEW YORK, NY 10087-3613
- In care of
- % MEGAN MILLER
- Principal officer (990 for 2025)
- MEGAN MILLER, PO BOX 23613, NEW YORK, NY 100873613
- Signed the 990
- MICHAEL VANACKER, TREASURER
- Phone
- (212) 655-6208
- Return prepared by
- DORFMAN ABRAMS MUSIC LLC
Mission
TO FACILITATE THE FUNDING OF TOMORROW'S RISK MANAGEMENT AND INSURANCE LEADERS THROUGH SCHOLARSHIPS, GRANTS, INTERNSHIP OPPORTUNITIES, ON AND OFF CAMPUS EXPERIENTIAL LEARNING, AND SUPPORT OF RISK MANAGEMENT CURRICULA.
Program accomplishments
- SCHOLARSHIPS - RISK MANAGEMENT AND INSURANCE STUDENTS ARE AT THE HEART OF EVERYTHING SPENCER DOES. SPENCER AWARDS UNDERGRADUATE, GRADUATE, PH.D. AND PRE-INSTRUCTOR OF PRACTICE SCHOLARSHIPS TO STUDENTS STUDYING AT INSTITUTIONS IN THE UNITED STATES AND CANADA, AS WELL AS PART-TIME GRADUATE SCHOLARSHIPS TO RISK AND INSURANCE PROFESSIONALS CONTINUING THEIR EDUCATION.DURING 2025, SPENCER AWARDED 105 SCHOLARSHIPSExpenses $872,500 · grants $872,500
- GENERAL GRANTS - SPENCER'S GRANTS PROGRAM SUPPORTS INITIATIVES THAT ALIGN WITH THE FOUNDATION'S MISSION TO FUND THE EDUCATION OF TOMORROW'S RISK MANAGEMENT AND INSURANCE LEADERS. SPENCER CONSIDERS GRANT PROPOSALS THAT FALL IN THE FOLLOWING TWO CRITICAL BRANCHES: 1. PROVIDE EXPERIENTIAL LEARNING OPPORTUNITIES FOR RISK MANAGEMENT AND INSURANCE STUDENTS, AND 2. ATTRACT NEW TALENT TO THE INDUSTRY.DURING 2025, SPENCER AWARDED 90 GENERAL GRANTSExpenses $1,197,582 · grants $1,197,582
- INTERNSHIPS - THROUGH OUR INTERNSHIP GRANT PROGRAM, SPENCER AIMS TO SUPPORT TOMORROW'S RISK MANAGEMENT AND INSURANCE LEADERS THROUGH EXPERIENTIAL LEARNING OPPORTUNITIES. SPENCER PROVIDES INTERNSHIP GRANTS OF UP TO $7,500 TO RISK MANAGERS TO HIRE INTERNS IN THE RISK MANAGEMENT FUNCTION OF THEIR ORGANIZATIONS. EMPLOYERS APPLY FOR THE GRANTS FROM SPENCER, AND STUDENTS THEN APPLY DIRECTLY WITH THE COMPANIES FOR THE INTERNSHIP OPPORTUNITIES.DURING 2025, SPENCER AWARDED 33 INTERSHIP GRANTSExpenses $262,500 · grants $262,500
- COURSE DEVELOPMENT - SPENCER'S COURSE DEVELOPMENT GRANT PROGRAM SUPPORTS INTRODUCTORY RISK MANAGEMENT AND INSURANCE COURSE DEVELOPMENT - FOR UNIVERSITIES THAT HAVE NOT PREVIOUSLY OFFERED ANY SUCH INSTRUCTION - AS WELL AS PROPOSALS FOR ADDITIONAL COURSE CURRICULUM DEVELOPMENT AND PROGRAM DEVELOPMENT - FOR UNIVERSITIES LOOKING TO DEVELOP A RMI PROGRAM AND/OR EXPAND EXISTING RMI COURSE OFFERINGS, WITH AN EMPHASIS ON NEW AND EMERGING AREAS IN THE INDUSTRY.DURING 2025, SPENCER AWARDED 17 COURSE DEVELOPMENT GRANTS. RISK MANAGER ON CAMPUS GRANTS - FOR 25 YEARS, SPENCER'S RISK MANAGER ON CAMPUS (RMOC) PROGRAM HAS BEEN PRAISED BY BOTH UNIVERSITIES AND RISK MANAGERS AS A REWARDING EDUCATIONAL EXPERIENCE FOR STUDENTS AND A CHANCE TO GIVE BACK TO THE PROFESSION. THE PROGRAM BRINGS A PRACTICING RISK MANAGER TO THE UNIVERSITY TO PRESENT AND ENGAGE WITH STUDENTS ABOUT THE RISK MANAGEMENT PROFESSION AND INSURANCE INDUSTRY.DURING 2025, SPENCER AWARDED 70 RISK MANAGER ON CAMPUS GRANT STUDENT RISK MANAGEMENT CHALLENGE - THE SPENCER-RIMS STUDENT RISK CHALLENGE IS AN INTERNATIONAL STUDENT COMPETITION IN WHICH STUDENTS SHOWCASE THEIR RESEARCH SKILLS AND APPLY THEIR RISK MANAGEMENT KNOWLEDGE TO REAL-LIFE SCENARIO. THE COMPETITION REQUIRES UNIVERSITY/COLLEGE TEAMS COMPRISING OF FOUR STUDENTS TO DEVELOP AND PRESENT A COMPREHENSIVE RISK MANAGEMENT REPORT BASED ON A CASE STUDY. A JUDGING COMMITTEE EVALUATES THE TEAMS' SOLUTIONS, AND THE TOP EIGHT TEAMS ARE INVITED TO PRESENT THEIR STRATEGIES AT THE ANNUAL RIMS RISKWORLD CONFERENCE.Expenses $1,847,875 · grants $610,004
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 58-1420617
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1981
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82Z)
- Assets (IRS master file)
- $9,880,646
- Income (IRS master file)
- $8,354,885
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $2,484,287 | $2,733,177 | $9,493,138 | IRS |
| 990 | December 2022 | $2,712,012 | $2,306,449 | $9,082,783 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about SPENCER EDUCATIONAL FOUNDATION INC
- What is the EIN of SPENCER EDUCATIONAL FOUNDATION INC?
- The employer identification number (EIN) of SPENCER EDUCATIONAL FOUNDATION INC is 58-1420617.
- Is SPENCER EDUCATIONAL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to SPENCER EDUCATIONAL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SPENCER EDUCATIONAL FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SPENCER EDUCATIONAL FOUNDATION INC 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 SPENCER EDUCATIONAL FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SPENCER EDUCATIONAL FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names MEGAN MILLER.
- Who are the officers and directors of SPENCER EDUCATIONAL FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 33 people; 3 received compensation from the organization, the highest $386,769 (MEGAN MILLER, CEO).
- How much revenue does SPENCER EDUCATIONAL FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,256,856, expenses of $4,715,343 and total assets of $9,880,646 at year end.
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