David D Smith Family Foundation Inc
- Assets
- $9.6m
- Revenue
- $3.9m
- Investments
- $2.0m
- Employees
- 0
- Location
- Cockeysville, MD
- Founding
- 08/2013
- Data as of
- 12/2022
- EIN
- 46-2099648
Organization Overview
David D Smith Family Foundation Inc is located in Cockeysville, MD. The organization was established in 2013. 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. David D Smith Family Foundation Inc 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, David D Smith Family Foundation Inc generated $3.9m 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 (21.8%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, David D Smith Family Foundation Inc has awarded 13 individual grants totaling $2,718,656. 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 |
|---|---|---|---|
David D Smith President & Treasurer | 0 | $0 | |
Jacqueline Smith Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $903,978 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,560 |
| Capital Gain Net Income | $19,560 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,923,538 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $36,327 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,576 |
| Total operating and administrative expenses | $64,873 |
| Contributions, gifts, grants paid | $1,139,000 |
| Total expenses and disbursements | $1,203,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,634,552 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $3,137 |
| 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 | $9,604,214 |
| 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, David D Smith Family Foundation Inc has awarded $1,139,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PALM BEACH ATLANTIC UNIVERSITY PURPOSE: UNRESTRICTED | $1,100,000 |
UPPERCO VOLUNTEER FIRE COMPANY PURPOSE: UNRESTRICTED | $29,000 |
LAND PRESERVATION TRUST PURPOSE: UNRESTRICTED | $10,000 |