Henry J Smith Charitable Trust
- Assets
- $2.0m
- Revenue
- $197.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Rantoul, IL
- Founding
- 04/1997
- Data as of
- 12/2020
- EIN
- 37-6338859
Organization Overview
Henry J Smith Charitable Trust is located in Rantoul, IL. The organization was established in 1997. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Henry J Smith 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 12/2020, Henry J Smith Charitable Trust generated $197.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $218.0k during the year ending 12/2020. While expenses have increased by 8.5% per year over the past 6 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 2015, Henry J Smith Charitable Trust has awarded 12 individual grants totaling $778,954. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE SUPPORT OF EDUCATION AT ST. MALACHY SCHOOL IN RANTOUL, ILLINOIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPLOYEES OF ST. MALACHY CATHOLIC GRADE SCHOOL WERE RECOGNIZED AT A LUNCHEON AND AWARDED 30 INDIVDIUAL GRANTS TOTALING $10,600.
SUPPORT OF ST. MALACHY SCHOOL TEACHERS, STUDENTS, AND PARENTS BY SUPPORTING THE OPERATIONAL BUDGET OF THE ST. MALACHY CATHOLIC GRADE SCHOOL - $160,000.
DONATIONS TO ST. MALACHY SCHOOL FOR CAPITAL PROJECTS - $37,695.
TUITION SCHOLARSHIPS AWARDED BY THE FR. BIES SCHOLARSHIP FUND ON THE BASIS OF CHARACTER AND LEADERSHIP - $3,000 FOR 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Humphrey Trustee-Pres. | Trustee | 2 | $0 |
John Graham Trustee-Secy/tr | Trustee | 4 | $0 |
Tom Iorio Trustee | Trustee | 2 | $0 |
Debbie Schmidt Trustee | Trustee | 2 | $0 |
Gregory Kaler Smith Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,215 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,215 |
| Total Program Service Revenue | $0 |
| Investment income | $80,950 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $61,455 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $197,620 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200,695 |
| Grants and other assistance to domestic individuals. | $10,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $397 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $75 |
| Total functional expenses | $218,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $95,679 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,394 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,924,445 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,043,518 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,868,734 |
| Net assets with donor restrictions | $174,784 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,043,518 |
Grants Awarded
Over the last fiscal year, Henry J Smith Charitable Trust has awarded $200,695 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ST MALACHY SCHOOL PURPOSE: SCHOOL OPERATING SUPPORT | $160,000 |
ST MALACHY SCHOOL PURPOSE: SCHOOL CAPITAL PROJECTS SUPPORT | $37,695 |
ST MALACHY SCHOOL PURPOSE: TUITION ASSISTANCE FOR STUDENTS | $3,000 |
Endowment Analysis
| Beg. Balance | $176,736 |
| Earnings | $7,248 |
| Admin Expense | $15 |
| Ending Balance | $183,969 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Taylor Family Foundation St Louis, MO | $115,528,397 | $6,188,310 |
Council Of Islamic Organizations Of Greater Chicago Chicago, IL | $1,661,973 | $2,410,095 |
Quilts Of Valor Foundation Winterset, IA | $1,117,654 | $1,330,384 |
We Care Of Kokomo Inc Kokomo, IN | $6,878,911 | $808,489 |
Freestore West Des Moines, IA | $583,101 | $651,252 |
Generation Next Inc Branson, MO | $381,853 | $602,003 |
Helping Hand Me Downs Ballwin, MO | $0 | $542,427 |
Concorde Foundation Crestwood, MO | $0 | $28,776 |
Pediatric Oncology Treasure Chest Foundation Orland Park, IL | $502,160 | $543,507 |
Iowa Womens Foundation Coralville, IA | $1,208,654 | $746,963 |
Honor Flight Of The Quad Cities Inc Davenport, IA | $1,606,042 | $461,453 |
Poverty Alleviation Chicago Chicago, IL | $125,469 | $307,202 |