Smith Family Foundation
- Assets
- $348.4k
- Revenue
- $20.1k
- Investments
- $301.9k
- Employees
- 0
- Location
- Downingtown, PA
- Founding
- 12/1999
- Data as of
- 09/2022
- 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 09/2022, Smith Family Foundation generated $20.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (21.7%) each year. All expenses for the organization totaled $24.1k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Smith Family Foundation has awarded 206 individual grants totaling $250,339. 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
MADE CONTRIBUTIONS TO 31 501(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 | $30 |
| Dividends & Interest | $8,625 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,477 |
| Capital Gain Net Income | $11,477 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,132 |
| 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 | $0 |
| Total operating and administrative expenses | $935 |
| Contributions, gifts, grants paid | $23,209 |
| Total expenses and disbursements | $24,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,927 |
| Savings and temporary cash investments | $24,531 |
| 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 | $301,903 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $348,361 |
| 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 $23,209 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
STS PETER AND PAUL CHURCH PURPOSE: CHARITABLE | $4,000 |
DEVON PREPARATORY SCHOOL PURPOSE: CHARITABLE | $2,300 |
West Chester, PA PURPOSE: CHARITABLE | $2,000 |
AOG- WEST POINT PURPOSE: CHARITABLE | $1,500 |
CATHOLIC CHARITIES PURPOSE: CHARITABLE | $1,000 |
CATHOLIC RELIEF SERVICES PURPOSE: CHARITABLE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Union Inc Princeton, NJ | $13,074,575 | $9,787,161 |
Eretz Hachaim Us Inc Brooklyn, NY | $7,972,379 | $9,030,705 |
Youngstown Area Jewish Foundation Youngstown, OH | $57,003,895 | $4,586,174 |
Sisters Of Charity Foundation Of Cleveland Cleveland, OH | $104,281,419 | $3,700,315 |
Norman E Alexander Family S Foundation Inc New York, NY | $92,718,623 | $22,235,113 |
Strength Of Israel Inc Lawrence, NY | $1,436,056 | $5,202,580 |
Kupas Yom Tov Inc Lakewood, NJ | $35,904 | $3,631,675 |
Norman E Alexander Family M Foundation Inc New York, NY | $80,702,389 | $17,666,816 |
Norman E Alexander Family G Foundation Inc New York, NY | $74,799,909 | $16,778,157 |
Cpps Heritage Mission Fund Dayton, OH | $17,862,945 | $6,205,362 |
Emerging Light Foundation Inc Rockville, MD | $6,271,792 | $71,704 |
Episcopal Charities Of The Diocese Of New York New York, NY | $4,370,956 | $2,900,488 |