Smith Family Foundation
- Assets
- $2.3m
- Revenue
- $61.3k
- Investments
- $2.1m
- Employees
- 0
- Location
- Brookville, OH
- Founding
- 06/1999
- Data as of
- 12/2023
- EIN
- 31-1603487
Organization Overview
Smith Family Foundation is located in Brookville, OH. The organization was established in 1999. 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. Smith Family 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 12/2023, Smith Family Foundation generated $61.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.9%) each year. All expenses for the organization totaled $109.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (12.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Smith Family Foundation has awarded 21 individual grants totaling $198,550. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $57,389 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,960 |
| Capital Gain Net Income | $3,960 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $61,349 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,236 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $16,039 |
| Contributions, gifts, grants paid | $93,050 |
| Total expenses and disbursements | $109,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,796 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $309,406 |
| Net Land, buildings, and equipment | $112,886 |
| Other assets | $4 |
| Total assets | $2,252,080 |
| 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, Smith Family Foundation has awarded $93,050 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
1ST OHIO CMSA PURPOSE: GENERAL PURPOSE DONATION | $2,550 |
AMERICAN LEGION POST 322 PURPOSE: GENERAL PURPOSE DONATION | $3,000 |
BROOKVILLE COMMUNITY NETWORK PURPOSE: GENERAL PURPOSE DONATION | $10,000 |
BROOKVILLE FIRE DEPARTMENT PURPOSE: GENERAL PURPOSE DONATION | $5,000 |
BROOKVILLE POLICE DEPARTMENT PURPOSE: GENERAL PURPOSE DONATION | $5,000 |
HIT FOUNDATION PURPOSE: GENERAL PURPOSE DONATION | $7,500 |