Wendell M Smith Foundation
- Assets
- $340.7k
- Revenue
- $8.5k
- Investments
- $299.3k
- Employees
- 0
- Location
- Proctosville, VT
- Founding
- 04/1991
- Data as of
- 12/2023
- EIN
- 22-3045019
Organization Overview
Wendell M Smith Foundation is located in Proctosville, VT. The organization was established in 1991. 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. Wendell M Smith 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 12/2023, Wendell M Smith Foundation generated $8.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $6.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (22.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Wendell M Smith Foundation has awarded 131 individual grants totaling $153,145. 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 |
|---|---|---|---|
Wendell Smith President | 0 | $0 | |
Karen Wilson Secretary | 0 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,541 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,045 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,496 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $370 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,590 |
| Total operating and administrative expenses | $6,185 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $6,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $41,425 |
| 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 | $213,680 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $340,681 |
| 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, Wendell M Smith Foundation has awarded $5,750 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CLICK IT FOR CASSIE PURPOSE: GENERAL | $250 |
ONE-EIGHTY PLACE PURPOSE: GENERAL | $500 |
MY FRIEND ABBY INC PURPOSE: GENERAL | $500 |
SAIL BEYOND CANCER INC PURPOSE: GENERAL | $500 |
THE DISCOVERY MUSEUM INC PURPOSE: GENERAL | $500 |
YOUNG MARINERS FOUNDATION PURPOSE: GENERAL | $500 |