Arlene H Smith Charitable Foundation
- Assets
- $5.1m
- Revenue
- $870.1k
- Investments
- $5.1m
- Employees
- 0
- Location
- Erie, PA
- Founding
- 03/1986
- Data as of
- 12/2022
- EIN
- 25-1515142
Organization Overview
Arlene H Smith Charitable Foundation is located in Erie, PA. The organization was established in 1986. 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. Arlene H Smith Charitable 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 12/2022, Arlene H Smith Charitable Foundation generated $870.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 37.9% each year . All expenses for the organization totaled $402.0k during the year ending 12/2022. While expenses have increased by 3.9% 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.
Since 2020, Arlene H Smith Charitable Foundation has awarded 45 individual grants totaling $1,036,330. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James W Anundson President | 5 | $11,000 | |
Mamie S Sprandel Vice President | 5 | $11,000 | |
Michael P Thomas Treasurer | 1 | $0 | |
Russell S Warner Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $397,112 |
| Interest on Savings | $289 |
| Dividends & Interest | $149,183 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $323,559 |
| Capital Gain Net Income | $323,559 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $870,143 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,952 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $83,645 |
| Contributions, gifts, grants paid | $318,400 |
| Total expenses and disbursements | $402,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,106 |
| 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 | $5,069,914 |
| 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, Arlene H Smith Charitable Foundation has awarded $318,400 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICANS FOR THE COMPETITIVE ENTER PURPOSE: GENERAL UNRESTRICTED. | $8,000 |
CORRY AREA FOOD PANTRY PURPOSE: GENERAL UNRESTRICTED. | $15,000 |
COUNCIL FOR THE WOMEN'S GARDEN OF S PURPOSE: GENERAL UNRESTRICTED. | $5,500 |
SAFE JOURNEY PURPOSE: GENERAL UNRESTRICTED. | $7,000 |
YMCA OF CORRY PURPOSE: GENERAL UNRESTRICTED. | $25,000 |
AMERICAN RED CROSS PURPOSE: GENERAL UNRESTRICTED. | $5,000 |