Smithville Charitable Foundation Inc
- Assets
- $0.0
- Revenue
- $1.6m
- Investments
- $20.1m
- Employees
- 0
- Location
- Ellettsville, IN
- Founding
- 06/2013
- Data as of
- 10/2021
- EIN
- 46-2100122
Organization Overview
Smithville Charitable Foundation Inc is located in Ellettsville, IN. 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. Smithville Charitable 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 10/2021, Smithville Charitable Foundation Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $983.1k during the year ending 10/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Smithville Charitable Foundation Inc has awarded 522 individual grants totaling $9,379,477. 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 |
|---|---|---|---|
Cullen H Mccarty Director And Secretary | 1 | $0 | |
Darby A Mccarty President And Treasurer | 1 | $0 | |
Richard O Kissel II Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $124 |
| Dividends & Interest | $319,725 |
| Profit on Inventory Sales | $0 |
| Other Income | -$151 |
| Total Revenue | $1,561,176 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $4,993 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $141,588 |
| Contributions, gifts, grants paid | $841,554 |
| Total expenses and disbursements | $983,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,401 |
| Investments—mortgage loans | $0 |
| Investments—other | $20,081,549 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Smithville Charitable Foundation Inc has awarded $1,090,034 in support to 79 organizations.
| Grant Recipient | Amount |
|---|---|
AREA 10 COUNCIL ON AGING OF MONROE AND OWEN COUNTI PURPOSE: GENERAL | $15,186 |
AMERICAN RED CROSS PURPOSE: GENERAL | $15,000 |
BEACON INC PURPOSE: GENERAL | $2,150 |
BEDFORD LIONS CLUB INC PURPOSE: GENERAL | $3,640 |
BLOOMINGTON CHAMBER SINGERS PURPOSE: GENERAL | $8,410 |
BLOOMINGTON NORTH CHORAL DEPARTMENT PURPOSE: GENERAL | $2,675 |