Louise Maytag Smith Memorial Tr
- Assets
- $3.1m
- Revenue
- $329.1k
- Investments
- $3.0m
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 04/1965
- Data as of
- 12/2021
- EIN
- 63-6046280
Organization Overview
Louise Maytag Smith Memorial Tr is located in Montgomery, AL. The organization was established in 1965. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Louise Maytag Smith Memorial Tr 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 12/2021, Louise Maytag Smith Memorial Tr generated $329.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $102.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Louise Maytag Smith Memorial Tr has awarded 30 individual grants totaling $863,587. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11 |
| Dividends & Interest | $85,101 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $243,884 |
| Capital Gain Net Income | $243,884 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $54 |
| Total Revenue | $329,050 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,678 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $438 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,211 |
| Contributions, gifts, grants paid | $83,293 |
| Total expenses and disbursements | $102,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,388 |
| 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 | $3,106,129 |
| 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, Louise Maytag Smith Memorial Tr has awarded $83,293 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Prattville, AL PURPOSE: RELIGIOUS | $27,770 |
COLUMBIA THEOLOGICAL SEMINARY PURPOSE: RELIGIOUS | $27,770 |
PRESBYTERIAN CHURCH (USA) PURPOSE: RELIGIOUS | $20,821 |
PRESBYTERIAN HOME FOR CHILDREN PURPOSE: RELIGIOUS | $3,466 |
Asheville, NC PURPOSE: RELIGIOUS | $3,466 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Bankers Association Group Benefits Trust Orlando, FL | $33,617,508 | $79,896,107 |
Lettie Pate Whitehead Foundation Inc Atlanta, GA | $545,577,272 | $201,098,940 |
Mitchell Wolfson Sr Foundation Miami, FL | $245,881,118 | $51,380,734 |
Sudco Inc & Affiliates Voluntary Empl Beneficiary Association Tr Jacksonville, FL | $1,629,809 | $12,527,671 |
Lucille S Beeson Charitable Remainder 66 1055001761 Birmingham, AL | $200,434,362 | $15,901,903 |
Walter R Ferguson Charitable Foundation Charitable Foundation Fort Lauderdale, FL | $0 | $613,063 |
Willis And Reba Johnsons Foundation Franklin, TN | $17,058,167 | $2,077,347 |
Telford Foundation Inc Naples, FL | $77,208,801 | $5,161,589 |
Joseph C Bancroft Charitable & Educational Fund Mccomb, MS | $195,688,163 | $4,336,128 |
Wanda And James M Moran Jr Foundation Inc Deerfield Beach, FL | $6,609,461 | $5,004,559 |
Yarim Foundation Boca Raton, FL | $1,467,226 | $2,520,229 |
Arnold & Winnie Palmer Foundation Inc Orlando, FL | $20,742,397 | $2,603,528 |