The Wilson L Smith Family Foundation
- Assets
- $32.1m
- Revenue
- $1.8m
- Investments
- $26.9m
- Employees
- 0
- Location
- Salisbury, NC
- Founding
- 12/1989
- Data as of
- 12/2023
- EIN
- 56-1658247
Organization Overview
The Wilson L Smith Family Foundation is located in Salisbury, NC. The organization was established in 1989. 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. Wilson L Smith Family 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, Wilson L Smith Family Foundation generated $1.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $2.6m during the year ending 12/2023. While expenses have increased by 8.5% per year over the past 5 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.
Since 2020, Wilson L Smith Family Foundation has awarded 53 individual grants totaling $7,428,588. 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 |
|---|---|---|---|
Felicia Eagle Board Member | 0 | $0 | |
Janis L Smith President & | 0 | $0 | |
T Stuart Smith Board Member | 0 | $0 | |
Ronald L Smith Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $732,949 |
| Interest on Savings | $703,901 |
| Dividends & Interest | $240,342 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$30,738 |
| Capital Gain Net Income | $719 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $189,381 |
| Total Revenue | $1,835,835 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,859 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $64,860 |
| Total operating and administrative expenses | $100,694 |
| Contributions, gifts, grants paid | $2,523,188 |
| Total expenses and disbursements | $2,623,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,894,331 |
| 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 | $282,798 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,014,763 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $32,121,364 |
| 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 | $200,000 |
| Total liabilities | $200,000 |
Grants Awarded
Over the last fiscal year, The Wilson L Smith Family Foundation has awarded $2,523,188 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
THE BADDOUR CENTER PURPOSE: GENERAL FUND | $5,000 |
SAMARITAN'S PURSE PURPOSE: GENERAL FUND | $3,000 |
FRIENDS OF ROWAN PURPOSE: GENERAL FUND | $1,414,688 |
DEPARTMENT OF LUTHERAN STUDIES AT G PURPOSE: GENERAL FUND | $100,000 |
WEST ROWAN BIBLE TEACHING ASSOCIATI PURPOSE: GENERAL FUND | $500 |
UNIVERSITY OF NC EDUCATIONAL FD PURPOSE: GENERAL FUND | $1,000,000 |