Flora Bernice Smith Foundation
- Assets
- $2.8m
- Revenue
- $79.7k
- Investments
- $2.6m
- Employees
- 0
- Location
- Syracuse, NY
- Founding
- 08/1972
- Data as of
- 12/2023
- EIN
- 51-0181016
Organization Overview
Flora Bernice Smith Foundation is located in Syracuse, NY. The organization was established in 1972. 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. Flora Bernice 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 12/2023, Flora Bernice Smith Foundation generated $79.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $201.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Flora Bernice Smith Foundation has awarded 35 individual grants totaling $642,740. 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 |
|---|---|---|---|
Mary Anne Cody Trustee | 2 | $2,213 | |
Anne Ruffer Trustee | 2 | $2,212 | |
Edward Spencer Trustee | 2 | $2,212 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $66,058 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,681 |
| Capital Gain Net Income | $13,613 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $79,739 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,637 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $736 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $275 |
| Total operating and administrative expenses | $43,879 |
| Contributions, gifts, grants paid | $158,000 |
| Total expenses and disbursements | $201,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,997 |
| Savings and temporary cash investments | $0 |
| 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 | $643,127 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,759,514 |
| 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, Flora Bernice Smith Foundation has awarded $158,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AURORA OF CENTRAL NEW YORK INC PURPOSE: AIDS AND DEVICES FOR VISION REHABILITATION PROGRAM | $17,000 |
BOYS & GIRLS CLUBS OF SYRACUSE PURPOSE: WORKFORCE READINESS PROGRAM/HORIZONS EDUCATION TOURSUPPORT FOR CRUCIAL SAFETY IMPROVEMENT TO CLUBS | $17,000 |
CENTRAL NEW YORK SOCIETY FOR PREVENTION OF CRUELTY ANIMALS PURPOSE: CAPITAL IMPROVEMENTS | $17,500 |
CROUSE IRVING FOUNDATION PURPOSE: FURNISHINGS FOR PATIENT PATIO | $15,000 |
ELMCREST CHIDLREN'S CENTER PURPOSE: CAPITAL CAMPAIGN FOR DORMITORIESCAPITAL IMPROVEMENTS TO DORMATORIES | $30,000 |
HOUSE OF PROVIDENCE ASSOCIATION PURPOSE: CAPITAL IMPROVEMENTS TO RESIDENT APARTMENTCAPITAL IMPROVEMENTS FOR RESIDENT APARTMENT | $15,500 |