Wilbur S Smith And Stephanie E Smith-Phillips Foundation Inc
- Assets
- $747.9k
- Revenue
- $23.8k
- Investments
- $714.8k
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 02/2004
- Data as of
- 12/2022
- EIN
- 55-0798231
Organization Overview
Wilbur S Smith And Stephanie E Smith-Phillips Foundation Inc is located in Charleston, SC. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Wilbur S Smith And Stephanie E Smith-Phillips 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 12/2022, Wilbur S Smith And Stephanie E Smith-Phillips Foundation Inc generated $23.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $57.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Wilbur S Smith And Stephanie E Smith-Phillips Foundation Inc has awarded 78 individual grants totaling $351,000. 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 |
|---|---|---|---|
Stephanie E Smith-Phillips Director | 0.5 | $0 | |
James H Phillips Director | 0.5 | $0 | |
William F Quattlebaum Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $148 |
| Dividends & Interest | $17,545 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,669 |
| Capital Gain Net Income | $1,669 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,392 |
| Total Revenue | $23,754 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,174 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,640 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $57,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $33,083 |
| 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 | $87,198 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $747,854 |
| 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, Wilbur S Smith And Stephanie E Smith-Phillips Foundation Inc has awarded $50,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ALMOST HOME FELINE RESCUE PURPOSE: GENERAL FUND FOR CHARITY'S MISSION | $1,000 |
CHARLESTON LIBRARY SOCIETY PURPOSE: GENERAL FUND FOR CHARITY'S MISSION | $3,000 |
LANDER UNIVERSITY FOUNDATION PURPOSE: GENERAL FUND FOR CHARITY'S MISSION | $5,000 |
MEDICAL UNIVERSITY OF SC FOUNDATION PURPOSE: GENERAL FUND FOR CHARITY'S MISSION | $10,000 |
GIBBES MUSEUM OF ART PURPOSE: GENERAL FUND FOR GALLERY'S PURPOSE | $3,000 |
PRESERVATION SOCIETY OF CHARLESTON PURPOSE: GENERAL FUND FOR CHARITY'S MISSION | $3,000 |