Arthur W Smith & Audrey Smith Foundation
- Assets
- $828.8k
- Revenue
- $24.2k
- Investments
- $782.9k
- Employees
- 0
- Location
- Clear Lake, IA
- Founding
- 01/1995
- Data as of
- 12/2023
- EIN
- 42-1411511
Organization Overview
Arthur W Smith & Audrey Smith Foundation is located in Clear Lake, IA. The organization was established in 1995. According to its NTEE Classification (T30) the organization is classified as: Public 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. Arthur W Smith & Audrey 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 12/2023, Arthur W Smith & Audrey Smith Foundation generated $24.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $52.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Arthur W Smith & Audrey Smith Foundation has awarded 79 individual grants totaling $423,912. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DISTRIBUTED FUNDS TO THIRTEEN (13) AREA ORGANIZATIONS THAT SERVE THE GENERAL PUBLIC IN AND AROUND THE COMMUNITY OF EMMETSBURG, IOWA.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $52 |
| Dividends & Interest | $24,106 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $6,131 |
| Net ST Capital Gain | $1,374 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,158 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,217 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,937 |
| Contributions, gifts, grants paid | $44,127 |
| Total expenses and disbursements | $52,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $45,852 |
| 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 | $513,516 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $828,789 |
| 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, Arthur W Smith & Audrey Smith Foundation has awarded $44,127 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
THE PALO ALTO ARTS COUNCIL PURPOSE: FUNDING PROGRAMSFOR COMMUNITY | $3,390 |
ISU EXTENSION AND OUTREACH PURPOSE: DOLLY PARTONIMAGINATIONLIBRARY | $2,680 |
THE SHORES AT FIVE ISLAND PURPOSE: IMPROVEMENTSCOMMUNITY RECREATION AREA | $9,000 |
EMMETSBURG EDUCATION FOUNDATION PURPOSE: SCHOLARSHIPS ;SPONSOR SPRINGMUSICAL | $7,000 |
PALO ALTO COUNTY CONSERVATION PURPOSE: GENERAL SUPPORT | $4,675 |
EMMETSBURG HAWKETTE'S DANCE TEAM PURPOSE: GENERAL SUPPORT | $2,320 |