The Lester And Sue Smith Foundation
- Assets
- $123.0k
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 11/2003
- Data as of
- 12/2022
- EIN
- 27-0040023
Organization Overview
The Lester And Sue Smith Foundation is located in Houston, TX. The organization was established in 2003. 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. Lester And Sue 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 12/2022, Lester And Sue Smith Foundation generated $7.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $7.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lester And Sue Smith Foundation has awarded 37 individual grants totaling $192,975,000. 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 |
|---|---|---|---|
Sue A Smith Pres/trustee | 1 | $0 | |
Stuart M Smith Trustee | 1 | $0 | |
Michelle S Hendry Trustee | 1 | $0 | |
Karla Neal Secretary | 1 | $0 | |
Jill Mcdonald Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,950,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $30,542 |
| Total Revenue | $6,980,542 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $3,015 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,042 |
| Total operating and administrative expenses | $12,057 |
| Contributions, gifts, grants paid | $6,975,000 |
| Total expenses and disbursements | $6,987,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,386 |
| Savings and temporary cash investments | $0 |
| 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 | $27,657 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $123,043 |
| 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, The Lester And Sue Smith Foundation has awarded $54,775,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AWTY INTERNATIONAL SCHOOL PURPOSE: INTERNATIONAL EDUCATIONAL INSTITUTE | $25,000 |
BAYLOR COLLEGE OF MEDICINE PURPOSE: BREAST CANCER RESEARCH & LUNG CENTER | $1,000,000 |
HOLOCAUST MUSEUM HOUSTON PURPOSE: HOLOCAUST REMEMBRANCE AND EDUCATION | $500,000 |
HARRIS COUNTY HOSP DIST FOUNDATION PURPOSE: HEALTH SERVICES | $2,000,000 |
TEXAS CHILDREN'S HOSPITAL PURPOSE: CHILDREN'S HOSPITAL | $3,250,000 |
SEVEN ACRES JEWISH SENIOR CARE PURPOSE: LONG TERM CARE SERVICES | $200,000 |