George G & Alva Hudson Smith Foundation
- Assets
- $1.6m
- Revenue
- $22.7k
- Investments
- $1.5m
- Employees
- 0
- Location
- Hillsboro, TX
- Founding
- 05/1993
- Data as of
- 12/2022
- EIN
- 74-2653426
Organization Overview
George G & Alva Hudson Smith Foundation is located in Hillsboro, TX. The organization was established in 1993. 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. George G & Alva Hudson 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 12/2022, George G & Alva Hudson Smith Foundation generated $22.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (21.1%) each year. All expenses for the organization totaled $159.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, George G & Alva Hudson Smith Foundation has awarded 68 individual grants totaling $785,951. 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 |
|---|---|---|---|
Betty Ray Dohoney President | 2 | $0 | |
D'ette Cowan Vice-President | 1 | $0 | |
Andrew L Smith Treasurer | 4 | $0 | |
Paul Baker Secretary | 1 | $0 | |
John B Tuggle Director | 1 | $0 | |
Beth Dohoney Kennard Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,002 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,656 |
| Capital Gain Net Income | $5,656 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,658 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $6,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,060 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $130 |
| Total operating and administrative expenses | $31,673 |
| Contributions, gifts, grants paid | $127,567 |
| Total expenses and disbursements | $159,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,118 |
| Savings and temporary cash investments | $119,027 |
| 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 | $2,320 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,615,082 |
| 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 | $395 |
| Total liabilities | $395 |
Grants Awarded
Over the last fiscal year, George G & Alva Hudson Smith Foundation has awarded $127,567 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
COVINGTON VFD PURPOSE: GENERAL FUND | $22,500 |
COVINGTON ISD PURPOSE: GENERAL FUND | $10,000 |
FRIENDS OF THE HILLSBORO CITY LIBRARY PURPOSE: GENERAL FUND | $66,667 |
HILLSBORO HERITAGE LEAGUE PURPOSE: GENERAL FUND | $15,700 |
HILL COUNTY MUSEUM PURPOSE: GENERAL FUND | $2,000 |
WHITE BLUFF VFD PURPOSE: GENERAL FUND | $9,400 |