Jack J Smith Jr Charitable Trust
- Assets
- $9.1m
- Revenue
- $278.0k
- Investments
- $8.9m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 09/1977
- Data as of
- 09/2023
- EIN
- 31-0912146
Organization Overview
Jack J Smith Jr Charitable Trust is located in Pittsburgh, PA. The organization was established in 1977. 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. Jack J Smith Jr 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 09/2023, Jack J Smith Jr Charitable Trust generated $278.0k 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 (12.5%) each year. All expenses for the organization totaled $628.1k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Jack J Smith Jr Charitable Trust has awarded 267 individual grants totaling $3,068,839. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Wachs Co-Trustee | 3 | $27,463 | |
Pnc Bank Na Co-Trustee | 30 | $91,544 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $245,384 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,583 |
| Capital Gain Net Income | $29,583 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,024 |
| Total Revenue | $277,991 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $119,007 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,540 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $38,464 |
| Total operating and administrative expenses | $163,011 |
| Contributions, gifts, grants paid | $465,067 |
| Total expenses and disbursements | $628,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$13,724 |
| Savings and temporary cash investments | $216,649 |
| 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 | $7,937,077 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,083,359 |
| 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, Jack J Smith Jr Charitable Trust has awarded $465,067 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST STEP HOME PURPOSE: CHILD RESILIENCY PROGRAM | $20,000 |
ART ACADEMY OF CINCINNATI PURPOSE: ARTIST WRITER RESIDENCE | $5,000 |
GROUNDWORK OHIO RIVER VALLEY PURPOSE: GREEN JUSTICE YOUTH JOBS | $10,000 |
AMERICAN DIABETES ASSOCIATION PURPOSE: ADA CAMP KORELITZ | $5,000 |
VISIONARIES AND VOICES PURPOSE: TEACHING ARTIST PROGRAM | $4,500 |
FEED THE HUNGRY PROJECT PURPOSE: LTCEC AFTERSCHOOL/SUMMER | $5,000 |