Randall And Barbara Smith Foundation Inc
- Assets
- $10.9m
- Revenue
- $115.4k
- Investments
- $7.9m
- Employees
- 0
- Location
- Englewood, NJ
- Founding
- 11/1994
- Data as of
- 12/2022
- EIN
- 13-3748695
Organization Overview
Randall And Barbara Smith Foundation Inc is located in Englewood, NJ. The organization was established in 1994. 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. Randall And Barbara Smith Foundation Inc 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 12/2022, Randall And Barbara Smith Foundation Inc generated $115.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (32.7%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Randall And Barbara Smith Foundation Inc has awarded 106 individual grants totaling $5,284,150. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITION AND PRESERVATION OF ARTWORK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara S Smith President | 0 | $0 | |
Randall D Smith Vice President | 0 | $0 | |
Thomas Del Bosco Treasurer | 0 | $0 | |
Christopher Minnetian Secretary | 0 | $0 | |
Kalman Vidomlanski Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,260 |
| Interest on Savings | $642 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $108,539 |
| Capital Gain Net Income | $108,539 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $115,441 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,878 |
| Total operating and administrative expenses | $7,878 |
| Contributions, gifts, grants paid | $1,144,500 |
| Total expenses and disbursements | $1,152,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,828 |
| Savings and temporary cash investments | $0 |
| 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 | $7,910,466 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,827,865 |
| Total assets | $10,948,159 |
| Accounts payable and accrued expenses | $5,387 |
| 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 | $100,000 |
| Total liabilities | $105,387 |
Grants Awarded
Over the last fiscal year, Randall And Barbara Smith Foundation Inc has awarded $1,144,500 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
THE SOCIETY OF THE FOUR ARTS PURPOSE: UNRESTRICTED GRANT | $25,000 |
WORLD CENTRAL KITCHEN PURPOSE: UNRESTRICTED GRANT | $10,000 |
NEW YORK STEM CELL FOUNDATION PURPOSE: UNRESTRICTED GRANT | $150,000 |
SOUTHAMPTON FRESH AIR HOME PURPOSE: UNRESTRICTED GRANT | $29,000 |
HARLEM ACADEMY PURPOSE: UNRESTRICTED GRANT | $25,000 |
SOUTHAMPTON HOSPITAL FOUNDATION PURPOSE: UNRESTRICTED GRANT | $25,000 |