William R & Sara Babb Smith Foundation
- Assets
- $2.8m
- Revenue
- $188.9k
- Investments
- $2.8m
- Employees
- 0
- Location
- Mcdonough, GA
- Founding
- 07/1995
- Data as of
- 12/2023
- EIN
- 58-6306403
Organization Overview
William R & Sara Babb Smith Foundation is located in Mcdonough, GA. The organization was established in 1995. 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. William R & Sara Babb 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, William R & Sara Babb Smith Foundation generated $188.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $240.8k during the year ending 12/2023. While expenses have increased by 0.6% per year over the past 8 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, William R & Sara Babb Smith Foundation has awarded 71 individual grants totaling $1,220,010. 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 |
|---|---|---|---|
Hans Broder President | 0 | $0 | |
Nancy R Smith Vice Preside | 0 | $0 | |
Hon James T Chafin III Treasurer | 0 | $0 | |
Allison Ausband Trustee | 0 | $0 | |
Mary Lynn Lambert Trustee | 0 | $0 | |
Kathy Engeman Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $79,990 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $108,928 |
| Capital Gain Net Income | $1,858 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $188,918 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $11,900 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $340 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $485 |
| Total operating and administrative expenses | $59,386 |
| Contributions, gifts, grants paid | $181,400 |
| Total expenses and disbursements | $240,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,445 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,827,813 |
| 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, William R & Sara Babb Smith Foundation has awarded $181,400 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
HANDS OF HOPE MEDICAL CLINIC PURPOSE: MEDICAL ASSISTANCE | $25,000 |
JOSEPH SAMS SCHOOL PURPOSE: SCHOLARSHIPS FOR HENRY CO STUDENTS | $20,000 |
SAMARITANS TOGETHER PURPOSE: ASSISTANCE TO FAMILIES | $10,000 |
THE FOOD PANTRY PURPOSE: FOOD ASSISTANCE | $40,000 |
A FRIEND'S HOUSE PURPOSE: SHELTER FOR YOUTH | $40,000 |
HC SCHOOLS NUTRITION PURPOSE: NUTRITION EDUCATION | $2,500 |