Robert H Smith School Of Business Foundation Inc
- Assets
- $10.6m
- Revenue
- $969.9k
- Investments
- $10.5m
- Employees
- 0
- Location
- Potomac, MD
- Founding
- 05/1975
- Data as of
- 06/2022
- 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 06/2022, Robert H Smith School Of Business Foundation Inc generated $969.9k 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 (17.4%) each year. All expenses for the organization totaled $171.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (34.8%) per year over the past 7 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 |
|---|---|---|---|
Joanne W Weimer Secretary | 2 | $0 | |
Dennis Gurtz Chairman | 2 | $0 | |
Ron Olson Asst Treasurer / Asst Secretary | 2 | $0 | |
Charles Olson Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $98 |
| Dividends & Interest | $160,536 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $809,267 |
| Capital Gain Net Income | $809,267 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $969,901 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,741 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,500 |
| Total operating and administrative expenses | $171,083 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $171,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,294 |
| Savings and temporary cash investments | $90,033 |
| Net Accounts receivable | $5,651 |
| 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 | $58,584 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,614,418 |
| 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 | $11,627 |
| Total liabilities | $11,627 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Virginia Mcintire School Of Commerce Foundation Charlottesville, VA | $155,832,929 | $20,412,098 |
William & Mary Business School Foundation Williamsburg, VA | $93,537,218 | $9,533,267 |
Investor Protection Tr Washington, DC | $13,587,826 | $3,411,199 |
Vscpa Educational Foundation Inc Glen Allen, VA | $1,606,071 | $250,147 |
Robert H Smith School Of Business Foundation Inc Potomac, MD | $10,614,418 | $969,901 |
Virginia Future Business Leaders Of America Phi Beta Lambda Foundation Bridgewater, VA | $474,463 | $0 |