Smith Family Foundation
- Assets
- $370.6k
- Revenue
- $18.8k
- Investments
- $342.0k
- Employees
- 0
- Location
- Downingtown, PA
- Founding
- 12/1999
- Data as of
- 09/2023
- EIN
- 23-3018741
Organization Overview
Smith Family Foundation is located in Downingtown, PA. The organization was established in 1999. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Smith Family 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, Smith Family Foundation generated $18.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.7%) each year. All expenses for the organization totaled $27.1k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Smith Family Foundation has awarded 232 individual grants totaling $276,456. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MADE CONTRIBUTIONS TO 26 501(C)(3) ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederick J Smith President/ Secretary | 2 | $0 | |
Mary Ellen Smith Vice President | 2 | $0 | |
Andrew F Smith Treasurer | 2 | $0 | |
Jennifer L Smith Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $47 |
| Dividends & Interest | $9,641 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,066 |
| Capital Gain Net Income | $9,066 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,754 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,000 |
| Contributions, gifts, grants paid | $26,117 |
| Total expenses and disbursements | $27,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,412 |
| Savings and temporary cash investments | $11,210 |
| 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 | $342,002 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $370,624 |
| 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, Smith Family Foundation has awarded $26,117 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
AOG- WEST POINT PURPOSE: CHARITABLE | $2,400 |
ACADEMY OF NOTRE DAME PURPOSE: CHARITABLE | $1,717 |
BRANDYWINE CONSERVANCY PURPOSE: CHARITABLE | $190 |
BRANDYWINE YMCA PURPOSE: CHARITABLE | $250 |
BRANDYWINE RED CLAY ALLIANCE PURPOSE: CHARITABLE | $2,000 |
CATHOLIC CHARITIES PURPOSE: CHARITABLE | $1,500 |