Tony Smith Foundation
- Assets
- $1.8m
- Revenue
- $437.1k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2015
- Data as of
- 09/2023
- EIN
- 47-2345128
Organization Overview
Tony Smith Foundation is located in New York, NY. 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. Tony 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 09/2023, Tony Smith Foundation generated $437.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 72.5% each year . All expenses for the organization totaled $380.1k during the year ending 09/2023. While expenses have increased by 34.4% per year over the past 8 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TONY SMITH FOUNDATION WAS FORMED TO SUPPORT AND PROMOTE THE VISUAL AND CREATIVE ARTS, PRIMARILY BY FOSTERING APPRECIATION BY THE GENERAL PUBLIC AND STUDY BY SCHOLARS AND ART HISTORIANS OF THE WORKS OF TONY SMITH, AND ENCOURAGING THE PRESERVATION OF SUCH WORKS.CATALOGUE RAISONNE PROGRAM:STUDY BY SCHOLARS AND ART HISTORIANS OF THE WORKS OF TONY SMITHWORK ON A CATALOGUE RAISONNE OF TONY SMITH'S WORK HAS CONTINUED DURING THE PAST FISCAL YEAR. A TOTAL OF FOUR VOLUMES ARE PLANNED: ARCHITECTURE, SCULPTURE, PAINTING AND DRAWING. TWO VOLUMES OF TONY SMITH'S CATALOGUE RAISONNE ARE CURRENTLY UNDERWAY; SCULPTURE AND ARCHITECTURE ARE TO FOLLOW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Seton Smith President | 0.25 | $0 | |
Clare Smith Vice President | 0.25 | $0 | |
Antonia Dean Secretary/treasurer | 0.25 | $0 | |
Jeffrey Peabody Director | 0.25 | $0 | |
Sarah Auld Adm. Director | 5 | $13,500 | |
James Resigned In 12312022 Executive Director | 37.5 | $76,761 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $327,868 |
| Interest on Savings | $0 |
| Dividends & Interest | $711 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $108,546 |
| Capital Gain Net Income | $108,546 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $437,125 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $90,261 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,391 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $263,489 |
| Total operating and administrative expenses | $380,081 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $380,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,837 |
| Savings and temporary cash investments | $976 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,785,000 |
| Total assets | $1,817,813 |
| 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 |