Smith Foundation
- Assets
- $7.0m
- Revenue
- $443.8k
- Investments
- $5.8m
- Employees
- 0
- Location
- Downingtown, PA
- Founding
- 01/1951
- Data as of
- 12/2023
- EIN
- 23-6238148
Organization Overview
Smith Foundation is located in Downingtown, PA. The organization was established in 1951. 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. 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, Smith Foundation generated $443.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $597.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Smith Foundation has awarded 617 individual grants totaling $5,472,390. 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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles P Barber President | 1 | $700 | |
William W Heilig Vice President | 1 | $0 | |
Mark T Ledger Vice President | 1 | $700 | |
Lee E Daney Assistant Secretary | 1 | $700 | |
Kenneth L Brier Board Member | 1 | $700 | |
Kenneth M Detreux Board Member | 1 | $700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $290,956 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $152,800 |
| Capital Gain Net Income | $152,800 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $443,756 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,063 |
| Depreciation | $0 |
| Occupancy | $3,393 |
| Travel, conferences, and meetings | $1,691 |
| Printing and publications | $0 |
| Other expenses | $4,969 |
| Total operating and administrative expenses | $31,770 |
| Contributions, gifts, grants paid | $565,500 |
| Total expenses and disbursements | $597,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,063 |
| Savings and temporary cash investments | $1,210,092 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,010,708 |
| 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 Foundation has awarded $565,500 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY OF NATURAL SCIENCES PURPOSE: SUPPORT WOMEN IN NATURAL SCIENCE (WINS) PROGRAM | $10,000 |
ACHIEVEABILITY PURPOSE: COMPREHENSIVE FAMILY SELF-SUFFICIENCY PROGRAM | $11,000 |
BAKER INDUSTRIES PURPOSE: OPERATING EXPENSES | $10,000 |
BETHESDA PROJECT PURPOSE: OPERATING EXPENSES | $10,000 |
BOY SCOUTS OF AMERICA CHESTER COUNTY COUNCIL PURPOSE: OPERATING EXPENSES | $10,000 |
CHESTER CHARTER SCHOLARS ACADEMY FOUNDATION PURPOSE: ARTS INTEGRATED CURRICULUM | $10,000 |