Harold T N Smith Memorial Foundation
- Assets
- $1.3m
- Revenue
- $63.8k
- Investments
- $1.2m
- Employees
- 0
- Location
- Salem, MA
- Founding
- 06/1954
- Data as of
- 09/2023
- EIN
- 04-6049997
Organization Overview
Harold T N Smith Memorial Foundation is located in Salem, MA. The organization was established in 1954. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harold T N Smith Memorial Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Harold T N Smith Memorial Foundation generated $63.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $97.7k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Harold T N Smith Memorial Foundation has awarded 238 individual grants totaling $689,610. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Smith Trustee | 5 | $0 | |
William Lundregan Clerk | 1 | $0 | |
Vance M Smith IV Trustee | 1 | $0 | |
Richard D Hill Jr Trustee | 1 | $0 | |
Brian Cranney Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,731 |
| Dividends & Interest | $16,812 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,258 |
| Capital Gain Net Income | $32,258 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $63,801 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,681 |
| Total operating and administrative expenses | $18,691 |
| Contributions, gifts, grants paid | $79,000 |
| Total expenses and disbursements | $97,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,860 |
| Savings and temporary cash investments | $35,563 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,237,209 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,276,632 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Harold T N Smith Memorial Foundation has awarded $79,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
BRIDPORT FIRE & RESCUE PURPOSE: DONATION | $1,100 |
CAMP SUNSHINE PURPOSE: DONATION | $2,500 |
FRIENDS FOREVER PURPOSE: DONATION | $2,500 |
HANDS TO HONDURAS PURPOSE: DONATION | $1,000 |
LAKE CHAMPLAIN MARITIME MUSEUM PURPOSE: DONATION | $1,200 |
LIFE BRIDGE PURPOSE: DONATION | $5,000 |