George Graham Smith & Elizabeth Galloway Smith Foundation Inc
- Assets
- $5.2m
- Revenue
- $631.0k
- Investments
- $5.0m
- Employees
- 0
- Location
- Hopewell, NJ
- Founding
- 10/1960
- Data as of
- 05/2024
- EIN
- 16-6031530
Organization Overview
George Graham Smith & Elizabeth Galloway Smith Foundation Inc is located in Hopewell, NJ. The organization was established in 1960. 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. George Graham Smith & Elizabeth Galloway 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 05/2024, George Graham Smith & Elizabeth Galloway Smith Foundation Inc generated $631.0k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $547.2k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, George Graham Smith & Elizabeth Galloway Smith Foundation Inc has awarded 78 individual grants totaling $2,671,796. 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 |
|---|---|---|---|
George G Smith III Vice-President/treasurer | 1 | $0 | |
Ellen S Morehouse President/secretary | 1 | $0 | |
Emmeline Hatcher Director | 0 | $0 | |
Louis H Morehouse Director | 0 | $0 | |
Bennett W Smith Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $769 |
| Interest on Savings | $5,985 |
| Dividends & Interest | $334,103 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $72,771 |
| Capital Gain Net Income | $72,771 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $217,375 |
| Total Revenue | $631,003 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,009 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,565 |
| Total operating and administrative expenses | $25,586 |
| Contributions, gifts, grants paid | $521,622 |
| Total expenses and disbursements | $547,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $991 |
| Savings and temporary cash investments | $165,816 |
| 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 | $2,426,437 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,154,785 |
| 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, George Graham Smith & Elizabeth Galloway Smith Foundation Inc has awarded $896,622 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
CAMPHILL VILLAGE KIMBERTON HILLS PURPOSE: GENERAL SUPPORT | $25,000 |
CAPITAL PHILHARMONIC OF NEW JERSEY PURPOSE: GENERAL SUPPORT | $5,000 |
CROHN'S AND COLITIS FOUNDATION INC PURPOSE: GENERAL SUPPORT 1 OF 3 | $5,000 |
EPISCOPAL ACADEMY PURPOSE: UNRESTRICTED SUPPORT | $244,122 |
HOPEWELL FIRE DEPT AND EMU PURPOSE: WATER RESCUE & VEHICLE | $30,000 |
HOPEWELL OLD SCHOOL BAPTIST CHURCH PURPOSE: UNRESTRICTED GRANT 1 OF 3 | $7,500 |