Alex & Kim Smith Family Foundation Inc
- Assets
- $1.1m
- Revenue
- $14.4k
- Investments
- $1.1m
- Employees
- 0
- Location
- Austin, TX
- Founding
- 04/2002
- Data as of
- 12/2022
- EIN
- 74-3000930
Organization Overview
Alex & Kim Smith Family Foundation Inc is located in Austin, TX. The organization was established in 2002. 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. Alex & Kim Smith Family 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 12/2022, Alex & Kim Smith Family Foundation Inc generated $14.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.4%) each year. All expenses for the organization totaled $54.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Alex & Kim Smith Family Foundation Inc has awarded 32 individual grants totaling $2,858,214. 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 |
|---|---|---|---|
Alex C Smith Director/president | 2 | $0 | |
Annika Lindsay Smith Director/vp/secretary | 2 | $0 | |
Connor Lincoln Smith Director/vp/treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,000 |
| Interest on Savings | $22 |
| Dividends & Interest | $13,985 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$13,666 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $90 |
| Total Revenue | $14,431 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $21,581 |
| Contributions, gifts, grants paid | $32,500 |
| Total expenses and disbursements | $54,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,125 |
| Savings and temporary cash investments | $40,513 |
| 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 | $1,106,757 |
| 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, Alex & Kim Smith Family Foundation Inc has awarded $2,307,957 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: GENERAL SUPPORT | $1,000 |
DELL CHILDREN'S MEDICAL CENTER OF CENTRAL TEXAS PURPOSE: GENERAL SUPPORT | $8,333 |
SCHWAB CHARITABLE FUND PURPOSE: GENERAL SUPPORT | $2,214,904 |
SCHWAB CHARITABLE FUND PURPOSE: GENERAL SUPPORT | $83,720 |