SPUR IMPACT ASSOCIATION

EIN: 823990289 501(c)(3) Community Improvement

WILMINGTON, DE

Total Revenue
$2,227,288
Total Expenses
$2,440,025
Total Assets
$266,534
Net Assets
$123,325
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
DE
Principal Officer
CHARLES VINCENT
Phone
3025668008
Tax Period
2023-10-01 to 2024-09-30

SPUR IMPACT ASSOCIATION, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $2.2M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year.

Mission

TO BE THE PREMIER HUB DEVELOPING, ENGAGING, AND INSPIRING TOMORROW'S LEADERS BY FOSTERING CONNECTIONS WITH PEOPLE, NONPROFITS, AND BUSINESSES TO PROMOTE GROWTH PERSONALLY, PROFESSIONALLY, AND PHILANTHROPICALLY.

Program Service Accomplishments

Program 1
Expenses: $2,026,287 Revenue: $1,992,402

THE SPUR GIVING INITIATIVE IS DESIGNED TO HELP NONPROFITS ACTIVATE YOUNGER DONORS AND NEW BOARD MEMBERS. SPUR IMPACT'S PLATFORM (DEGIVES.ORG) PROVIDES NONPROFITS AN EASY AND TURNKEY WAY TO RAISE...

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THE SPUR GIVING INITIATIVE IS DESIGNED TO HELP NONPROFITS ACTIVATE YOUNGER DONORS AND NEW BOARD MEMBERS. SPUR IMPACT'S PLATFORM (DEGIVES.ORG) PROVIDES NONPROFITS AN EASY AND TURNKEY WAY TO RAISE MONEY FROM THESE AND OTHER INDIVIDUAL SUPPORTERS. SPUR IMPACT LED AND USED THE PLATFORM TO HELP ORGANIZE THE STATEWIDE DO MORE 24 DELAWARE GIVES DAY EVENT ON MARCH 7-8, 2024, WHICH RAISED MORE THAN $2.3 MILLION FOR 537 DELAWARE NONPROFITS FROM MORE THAN 18,000 UNIQUE DONORS OVER 24 HOURS.

Program 2
Expenses: $101,084 Revenue: $128,181

THE SPUR LEADERSHIP INITIATIVE IS DESIGNED TO HELP ACTIVATE AND DEVELOP THE NEXT GENERATION OF LEADERS AND IS ANCHORED BY THE MILLSUMMIT, SPUR IMPACT'S ANNUAL LEADERSHIP AND PROFESSIONAL DEVELOPMENT...

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THE SPUR LEADERSHIP INITIATIVE IS DESIGNED TO HELP ACTIVATE AND DEVELOP THE NEXT GENERATION OF LEADERS AND IS ANCHORED BY THE MILLSUMMIT, SPUR IMPACT'S ANNUAL LEADERSHIP AND PROFESSIONAL DEVELOPMENT CONFERENCE. THE CONFERENCE IS DESIGNED TO HELP CONNECT LEADERS AND INSPIRE THEM TO A BIGGER IMPACT IN THEIR CAREERS AND COMMUNITIES. IN 2024, THERE WERE MORE THAN 400 UNIQUE IN PERSON AND VIRTUAL ATTENDEES FROM 14 STATES, INCLUDING 36 SPEAKERS (75% OF SPEAKERS WERE WOMEN OR PERSONS OF COLOR). THE MILLSUMMIT CONTINUES TO BE AMONG THE LARGEST HYBRID CONFERENCES OF ITS KIND IN THE COUNTRY.

Program 3
Expenses: $34,778 Revenue: $28,900

THE SPUR CONNECTION INITIATIVE IS DESIGNED TO HELP EDUCATE, TRAIN, AND BUILD CAPACITY FOR THOSE WORKING OR VOLUNTEERING IN THE NONPROFIT SECTOR AND INCLUDES THE DELAWARE DIFFERENCE MAKERS AND...

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THE SPUR CONNECTION INITIATIVE IS DESIGNED TO HELP EDUCATE, TRAIN, AND BUILD CAPACITY FOR THOSE WORKING OR VOLUNTEERING IN THE NONPROFIT SECTOR AND INCLUDES THE DELAWARE DIFFERENCE MAKERS AND EMERGING LEADERS COMMUNITY (ELC) PROGRAMS. THE DELAWARE DIFFERENCE MAKERS CREATES AND FACILITATES NETWORKING AND EDUCATIONAL OPPORTUNITIES FOR THOSE WORKING OR VOLUNTEERING IN THE NONPROFIT SECTOR, SHARES BEST PRACTICES, AND OTHERWISE HELPS EDUCATE NONPROFIT STAFF AND VOLUNTEERS ON NEW OR EMERGING INDUSTRY TRENDS OR EVENTS. THE ELC IS DESIGNED TO TRAIN AND CONNECT THESE PROFESSIONALS AND OTHER LEADERS WHO ARE INTERESTED IN PHILANTHROPY AND VOLUNTEERING AND NONPROFIT BOARD LEADERSHIP WITH NONPROFITS SEEKING SUCH INDIVIDUALS. THROUGH 4 ELC COHORTS (40 PARTICIPANTS), 26 (65%) HAVE PURSUED BOARD ROLES, AND 19 (73%) HAVE BEEN SUCCESSFULLY PLACED ON 16 DELAWARE NONPROFIT BOARDS AS OF SEPTEMBER 30, 2024.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $51,922
Program Service Revenue $2,149,483
Investment Income $24,383
Other Revenue $1,500
TOTAL REVENUE $2,227,288

Expense Breakdown

Grants Paid $1,809,782
Salaries & Benefits $216,333
Fundraising Expenses $0
Program Expenses $2,342,431
Other Expenses $413,910
TOTAL EXPENSES $2,440,025

Year-over-Year Comparison

2023 2022 Change
Revenue $2,227,288 $2,576,180 -0.1%
Expenses $2,440,025 $2,273,764 +0.1%
Net Income $-212,737 $302,416 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
3
Volunteers
75

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$80,835
Total Directors
10
$21,318
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MEGHAN ERDMAN PRESIDENT 2.00
Officer Director
$0 $0 $0
CHELSEA CLARK VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
BRITTANY KELLER SECRETARY & TREASURER 2.00
Officer Director
$0 $0 $0
AUNDRE CHAMBERS BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN HUNTER BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTOFER JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
ADAM MORGAN BOARD MEMBER 15.00
Director
$21,318 $0 $21,318
RODNEY YODER BOARD MEMBER 1.00
Director
$0 $0 $0
FLORA SUTALO BOARD MEMBER 1.00
Director
$0 $0 $0
SARA CRAWFORD BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLES VINCENT EXECUTIVE DIRECTOR 40.00
Officer
$80,835 $0 $80,835
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $2,227,288 $2,440,025 $266,534 $-212,737
2023 $2,576,180 $2,273,764 $481,646 $302,416
2022 $1,648,770 $1,889,662 $183,616 $-240,892
2021 $1,906,362 $1,681,111 $418,119 $225,251
2020 $220,922 $259,418 $194,843 $-38,496
2019 $376,399 $275,272 $91,751 $101,127
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