Smoot Charitable Foundation
- Assets
- $10.3m
- Revenue
- $311.0k
- Investments
- $10.2m
- Employees
- 0
- Location
- Salina, KS
- Founding
- 04/1977
- Data as of
- 06/2024
- EIN
- 48-0851141
Organization Overview
Smoot Charitable Foundation is located in Salina, KS. The organization was established in 1977. 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. Smoot Charitable 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 06/2024, Smoot Charitable Foundation generated $311.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $571.4k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Smoot Charitable Foundation has awarded 427 individual grants totaling $4,724,772. 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 |
|---|---|---|---|
George Yarnevich President | 1 | $20,000 | |
Tom Williamson Treasurer | 1 | $20,000 | |
Mark Zimmerman Vice President | 1 | $20,000 | |
Lynn Herbic Secretary | 1 | $0 | |
Janice Doherty Secretary | 1 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,109 |
| Dividends & Interest | $371,392 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$66,485 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $311,016 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $70,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,693 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,597 |
| Total operating and administrative expenses | $85,420 |
| Contributions, gifts, grants paid | $485,996 |
| Total expenses and disbursements | $571,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,712 |
| Savings and temporary cash investments | $74,903 |
| 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 | $0 |
| Total assets | $10,263,511 |
| 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, Smoot Charitable Foundation has awarded $485,996 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS NORTH CENTRAL KANSAS CHAPTER PURPOSE: TO SUPPORT THE MISSION OF THE ORGANIZATION | $10,000 |
ASHBY HOUSE PURPOSE: TO SUPPORT THE MISSION OF THE ORGANIZATION | $4,000 |
BIG BROTHERSBIG SISTERS OF SALINA INC PURPOSE: TO SUPPORT THE MISSION OF THE ORGANIZATION | $12,000 |
AMBUCS PURPOSE: TO SUPPORT THE MISSION OF THE ORGANIZATION | $2,000 |
GREATER SALINA COMMUNITY FOUNDATION PURPOSE: TO SUPPORT THE MISSION OF THE ORGANIZATION | $2,000 |
THE GARAGE PURPOSE: TO SUPPORT THE MISSION OF THE ORGANIZATION | $2,000 |