Harold C Smith Foundation
- Assets
- $100.8m
- Revenue
- $8.0m
- Investments
- $91.0m
- Employees
- 0
- Location
- Wheaton, IL
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-1491651
Organization Overview
Harold C Smith Foundation is located in Wheaton, IL. The organization was established in 2015. 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. Harold C 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 12/2021, Harold C Smith Foundation generated $8.0m in total revenue. All expenses for the organization totaled $8.2m during the year ending 12/2021.
Since 2017, Harold C Smith Foundation has awarded 64 individual grants totaling $20,053,534. 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 |
|---|---|---|---|
Vanessa Jerome Chief Executive Officer | 40 | $200,500 | |
Denny Matthews Director | 1 | $0 | |
Donald Gehlbach Director | 1 | $0 | |
Jeff Whittle Director, President | 2 | $0 | |
Jamie Tong Director, Treasurer | 1 | $0 | |
Hans Anderson Director, Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cibc Private Wealth Management | 12/30/21 | $341,968 |
Jacquelyn Pressey | 12/30/21 | $113,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,046 |
| Interest on Savings | $357 |
| Dividends & Interest | $1,726,291 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,952,304 |
| Capital Gain Net Income | $5,952,304 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $281,050 |
| Total Revenue | $7,966,048 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,500 |
| Other employee salaries and wages | $106,367 |
| Pension plans, employee benefits | $21,456 |
| Interest | $0 |
| Taxes | $126,407 |
| Depreciation | $0 |
| Occupancy | $47,354 |
| Travel, conferences, and meetings | $32,465 |
| Printing and publications | $10,145 |
| Other expenses | $76,771 |
| Total operating and administrative expenses | $1,181,599 |
| Contributions, gifts, grants paid | $6,999,110 |
| Total expenses and disbursements | $8,180,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,260,026 |
| 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 | $11,581 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $13,889,528 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,532,381 |
| Total assets | $100,804,006 |
| Accounts payable and accrued expenses | $31,322 |
| 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 | $23,360 |
| Total liabilities | $54,682 |
Grants Awarded
Over the last fiscal year, Harold C Smith Foundation has awarded $6,999,110 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: ARAB BAPTIST THEOLOGICAL SEMINARY (ABTS): MIDDLE EAST - KINGDOM GROWTH IN THE ARAB WORLD | $780,000 |
Bartlesville, OK PURPOSE: PERSECUTED CHURCH - CRITICAL SUPPORT FOR FOUR OF THE MOST SEVERLY PERSECUTED COUNTRIES | $700,000 |
WORLD COMPASSION FELLOWSHIP INC PURPOSE: MIDDLE EAST - EMPOWERING ANF EXPANDING MIDDLE EAST MINISTRY PARTNERS | $600,000 |
Santa Ana, CA PURPOSE: PERSECUTED CHURCH: SERVING, EMPOWERING, AND RESTORING WOMEN AND GIRLS IN SEVERAL HIGHLY PERSECUTED COUNTRIES | $500,000 |
Virginia Beach, VA PURPOSE: PERSECUTED CHURCH - RESCUING 1,000 AFGHAN ORPHANS OF WAR | $432,000 |
WORLD COMPASSION FELLOWSHIP INC PURPOSE: MIDDLE EAST - AFGANISTAN REFUGEE RELIEF | $400,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Roger And Susan Stone Family Foundation Northbrook, IL | $23,476,805 | $8,385,528 |
Galashiels Fund Ltd Northbrook, IL | $154,593,436 | $48,314,988 |