The W W Smith Charitable Trust
- Assets
- $214.5m
- Revenue
- $6.4m
- Investments
- $206.8m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 08/2015
- Data as of
- 06/2023
- EIN
- 23-6648841
Organization Overview
The W W Smith Charitable Trust is located in Las Vegas, NV. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. W W Smith Charitable Trust 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 06/2023, W W Smith Charitable Trust generated $6.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $10.9m during the year ending 06/2023. While expenses have increased by 2.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wells Fargo Bank Na Co-Trustee | 1 | $222,291 | |
Louise Havens Co-Trustee | 20 | $0 | |
Brian Jones Sr Program Officer | 40 | $99,177 | |
Catherine Probeck Office Administrator | 40 | $52,791 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,503,059 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,821,520 |
| Capital Gain Net Income | $1,821,520 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $33,619 |
| Total Revenue | $6,358,198 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $222,291 |
| Other employee salaries and wages | $148,622 |
| Pension plans, employee benefits | $22,876 |
| Interest | $0 |
| Taxes | $176,392 |
| Depreciation | $0 |
| Occupancy | $48,611 |
| Travel, conferences, and meetings | $1,390 |
| Printing and publications | $0 |
| Other expenses | $50,255 |
| Total operating and administrative expenses | $727,443 |
| Contributions, gifts, grants paid | $10,126,853 |
| Total expenses and disbursements | $10,854,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $7,748,259 |
| 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 | $27,402,265 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,251 |
| Total assets | $214,505,308 |
| 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 |