Oliver & Evelyn Smith Foundation Inc
- Assets
- $661.1k
- Revenue
- $35.1k
- Investments
- $302.9k
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 10/1987
- Data as of
- 03/2024
- EIN
- 62-1310938
Organization Overview
Oliver & Evelyn Smith Foundation Inc is located in Knoxville, TN. The organization was established in 1987. 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. Oliver & Evelyn 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 03/2024, Oliver & Evelyn Smith Foundation Inc generated $35.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $102.6k during the year ending 03/2024. While expenses have increased by 2.3% per year over the past 9 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 2017, Oliver & Evelyn Smith Foundation Inc has awarded 51 individual grants totaling $146,400. 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 |
|---|---|---|---|
Oliver A Smith IV President | 1 | $3,000 | |
Richard D Wynn Secretary | 1 | $3,000 | |
Diana Flaherty Director | 1 | $3,000 | |
Dooley Tombras Director | 1 | $3,000 | |
Evelyn Zinaveah Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,502 |
| Net Rental Income | -$8,584 |
| Net Gain on Sale of Assets | $5,893 |
| Capital Gain Net Income | $5,893 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $35,059 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $30,421 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,752 |
| Depreciation | $12,239 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,535 |
| Total operating and administrative expenses | $84,571 |
| Contributions, gifts, grants paid | $18,000 |
| Total expenses and disbursements | $102,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,215 |
| Savings and temporary cash investments | $47,585 |
| 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 | $306,129 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $300 |
| Total assets | $661,135 |
| 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 | $3,000 |
| Total liabilities | $3,000 |
Grants Awarded
Over the last fiscal year, Oliver & Evelyn Smith Foundation Inc has awarded $18,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UT COLLEGE OF EDUCATION PURPOSE: EDUCATION | $2,500 |
SIMPLY SMART FOUNDATION FOR EDUCATION PURPOSE: ASSIST EDUCATORS WITH CLASSROOM NEEDS | $1,000 |
EAST TN HISTORICAL SOCIETY PURPOSE: TO PRESERVE AND PROMOTE THE HISTORY OF TENNESSEE, FOCUSING ON EAST TENNESSEE, TO EDUCATE AND CONNECT THE REGION | $9,000 |
LEADERSHIP KNOXVILLE PURPOSE: INSPIRE AND CONNECT PEOPLE AT ALL LEVELS OF LEADERSHIP IN KNOXVILLE | $1,000 |
SEQUOYAH HILLS PRESBYTERIAN CHURCH PURPOSE: A CHURCH SHARING THE MESSAGE OF JESUS CHRIST. | $4,500 |