Karl C Smith Memorial Scholarship Fund
- Assets
- $281.7k
- Revenue
- $18.9k
- Investments
- $260.2k
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 06/1994
- Data as of
- 06/2023
- EIN
- 72-1253348
Organization Overview
Karl C Smith Memorial Scholarship Fund is located in New Orleans, LA. The organization was established in 1994. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Karl C Smith Memorial Scholarship Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,057 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,842 |
| Capital Gain Net Income | $13,842 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,899 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,205 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $980 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,185 |
| Contributions, gifts, grants paid | $13,388 |
| Total expenses and disbursements | $19,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,536 |
| 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 | $260,185 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $281,721 |
| 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, Karl C Smith Memorial Scholarship Fund has awarded $13,388 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LOUISIANA STATE UNIVERSIT- NICHOLAS COLE PURPOSE: SCHOLARSHIPS | $3,347 |
NORTHWESTERN STATE UNIVERSITY - PURPOSE: SCHOLARSHIPS | $3,347 |
LOUISIANA STATE UNIVERSITY- MORGAN ANN PURPOSE: SCHOLARSHIPS | $3,347 |
UNIVERSITY OF LOUISIANA- ABBY JO PURPOSE: SCHOLARSHIPS | $3,347 |