Wilbur S Smith Foundation Inc
- Assets
- $1.0m
- Revenue
- $61.0k
- Investments
- $1.0m
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 04/1991
- Data as of
- 12/2022
- EIN
- 57-0916368
Organization Overview
Wilbur S Smith Foundation Inc is located in Charleston, SC. The organization was established in 1991. 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. Wilbur S Smith 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 Foundation Inc generated $61.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $62.1k during the year ending 12/2022. While expenses have increased by 0.6% per year over the past 7 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 2016, Wilbur S Smith Foundation Inc has awarded 74 individual grants totaling $322,800. 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 |
|---|---|---|---|
Sarah J Smith President | 0.5 | $0 | |
William F Quattlebaum Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $19,059 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $37,995 |
| Capital Gain Net Income | $37,995 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,897 |
| Total Revenue | $60,956 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $139 |
| Taxes | $510 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $13,033 |
| Contributions, gifts, grants paid | $49,100 |
| Total expenses and disbursements | $62,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,515 |
| 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 | $86,306 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,044,134 |
| 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 Foundation Inc has awarded $49,100 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLESTON FRIENDS OF THE LIBRARY PURPOSE: TO SUPPORT CHARLESTON COUNTY PUBLIC LIBRARY SUMMER READING PROGRAM | $1,000 |
DRAYTON HALL PURPOSE: EDUCATIONAL | $2,500 |
CHARLESTON PARKS CONSERVANCY PURPOSE: HORTICULTURAL PROGRAM | $500 |
GIBBES MUSEUM OF ART PURPOSE: TO MAINTAIN ART WORK PUT ON PUBLIC DISPLAY | $21,000 |
GRACE ESPICOPAL CHURCH PURPOSE: TO SUPPORT MISSIONARIES | $5,000 |
PRESERVATION SOCIETY PURPOSE: EDUCATIONAL | $4,100 |