Robert H Smith School Of Business Foundation Inc
- Assets
- $11.5m
- Revenue
- $689.3k
- Investments
- $11.4m
- Employees
- 0
- Location
- Potomac, MD
- Founding
- 05/1975
- Data as of
- 06/2023
- EIN
- 23-7332043
Organization Overview
Robert H Smith School Of Business Foundation Inc is located in Potomac, MD. The organization was established in 1975. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robert H Smith School Of Business Foundation Inc 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, Robert H Smith School Of Business Foundation Inc generated $689.3k 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 (18.9%) each year. All expenses for the organization totaled $137.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (33.1%) per year over the past 8 years. 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 |
|---|---|---|---|
John Boyle Chairman | 2 | $0 | |
Charles Olson Treasurer | 2 | $0 | |
Joanne W Weimer Secretary | 2 | $0 | |
Ron Olson Asst Treasurer / Asst Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,250 |
| Interest on Savings | $46,166 |
| Dividends & Interest | $193,920 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $447,925 |
| Capital Gain Net Income | $447,925 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $689,261 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,061 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45,676 |
| Total operating and administrative expenses | $96,963 |
| Contributions, gifts, grants paid | $40,200 |
| Total expenses and disbursements | $137,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,412 |
| Savings and temporary cash investments | $92,974 |
| Net Accounts receivable | $4,784 |
| 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 | $5,786 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $43,223 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,528,240 |
| Accounts payable and accrued expenses | $6,924 |
| 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 | $6,924 |
Grants Awarded
Over the last fiscal year, Robert H Smith School Of Business Foundation Inc has awarded $40,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MARYLAND COLLEGE PARK FOUNDATION PURPOSE: TO SUPPORT THE ACTIVITIES OF THE UNIVERSITY OF MARYLAND | $25,000 |
UNIVERSITY OF MARYLAND PURPOSE: TO SUPPORT THE ACTIVITIES OF THE UNIVERSITY OF MARYLAND | $15,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Virginia Mcintire School Of Commerce Foundation Charlottesville, VA | $162,965,294 | $19,380,565 |
American Association For Physician Leadership Inc Washington, DC | $4,464,689 | $7,444,274 |
Investor Protection Tr Washington, DC | $6,833,520 | $717,454 |
William & Mary Business School Foundation Williamsburg, VA | $93,537,218 | $9,533,267 |
Vscpa Educational Foundation Inc Glen Allen, VA | $1,880,122 | $373,443 |
Robert H Smith School Of Business Foundation Inc Potomac, MD | $11,528,240 | $689,261 |
Virginia Future Business Leaders Of America Phi Beta Lambda Foundation Midlothian, VA | $493,054 | $0 |