Lloyd L & Louise K Smith Foundation
- Assets
- $4.9m
- Revenue
- $480.8k
- Investments
- $4.4m
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 03/1992
- Data as of
- 12/2022
- EIN
- 34-1717038
Organization Overview
Lloyd L & Louise K Smith Foundation is located in Columbus, OH. The organization was established in 1992. 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. Lloyd L & Louise K 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, Lloyd L & Louise K Smith Foundation generated $480.8k 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 (4.3%) each year. All expenses for the organization totaled $450.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Lloyd L & Louise K Smith Foundation has awarded 85 individual grants totaling $305,800. 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 |
|---|---|---|---|
Orville L Reed III Co-Trustee | 0 | $1,500 | |
William L Caplan ESQ Co-Trustee | 0 | $1,500 | |
Huntington National Bank Trustee | 1 | $77,765 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $170,739 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $305,295 |
| Capital Gain Net Income | $305,295 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,810 |
| Total Revenue | $480,844 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,765 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $58,390 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $995 |
| Total operating and administrative expenses | $144,375 |
| Contributions, gifts, grants paid | $305,800 |
| Total expenses and disbursements | $450,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $483,165 |
| 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 | $4,928,897 |
| 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, Lloyd L & Louise K Smith Foundation has awarded $305,800 in support to 85 organizations.
| Grant Recipient | Amount |
|---|---|
GASP GUARDIANS ADVOCATING CHILD SAFETY A PURPOSE: GENERAL OPERATING | $1,500 |
JULIE BILLIART SCHOOL LYNDHURST PURPOSE: GENERAL OPERATING | $1,000 |
UNITED WAY WORLDWIDE PURPOSE: GENERAL OPERATING | $20,000 |
STEWARTS CARING PLACE PURPOSE: GENERAL OPERATING | $2,500 |
FIRST GLANCE STUDENT CENTER PURPOSE: GENERAL OPERATING | $3,000 |
ELVES & MORE OF NORTHEST OHIO PURPOSE: GENERAL OPERATING | $1,000 |