James R Smith Family Charitable Foundation
- Assets
- $9.7m
- Revenue
- $680.1k
- Investments
- $9.3m
- Employees
- 0
- Location
- Roanoke, VA
- Founding
- 04/2001
- Data as of
- 12/2022
- EIN
- 56-6577908
Organization Overview
James R Smith Family Charitable Foundation is located in Roanoke, VA. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. James R Smith Family 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 12/2022, James R Smith Family Charitable Foundation generated $680.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (42.2%) each year. All expenses for the organization totaled $230.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, James R Smith Family Charitable Foundation has awarded 42 individual grants totaling $1,564,075. 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 |
|---|---|---|---|
Hunter D Smith Trustee | 1 | $0 | |
Ross P Smith Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $159,375 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $556,986 |
| Capital Gain Net Income | $556,986 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$37,252 |
| Total Revenue | $680,109 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $16,198 |
| Taxes | $14,331 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $44,816 |
| Total operating and administrative expenses | $116,362 |
| Contributions, gifts, grants paid | $113,850 |
| Total expenses and disbursements | $230,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $367,772 |
| 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 | $2,127,572 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,689,881 |
| 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 | $200,334 |
| Other liabilities | $0 |
| Total liabilities | $200,334 |
Grants Awarded
Over the last fiscal year, James R Smith Family Charitable Foundation has awarded $113,850 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
FEEDING AMERICA SOUTHWEST VA PURPOSE: UNRESTRICTED GENERAL SUPPORT | $5,000 |
FIRST (SCOTS) PRESBYTERIAN CHURCH PURPOSE: UNRESTRICTED GENERAL SUPPORT | $24,000 |
ASHLEY HALL PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,100 |
LOWCOUNTRY FOOD BANK PURPOSE: UNRESTRICTED GENERAL SUPPORT | $6,000 |
TRIDENT TECH COLLEGE PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
THE PRESERVATION SOCIETY PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |