Vivian L Smith Foundation
- Assets
- $66.7m
- Revenue
- $2.3m
- Investments
- $66.7m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 07/1984
- Data as of
- 12/2023
- EIN
- 76-0101380
Organization Overview
Vivian L Smith Foundation is located in Houston, TX. The organization was established in 1984. 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. Vivian L 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 12/2023, Vivian L Smith Foundation generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $4.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Vivian L Smith Foundation has awarded 1,086 individual grants totaling $36,367,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy M Meckel Secretary/treasurer | 10 | $0 | |
Ransom C Lummis President/trustee | 2 | $0 | |
Cynthia J Adkins Vp/trustee | 2 | $0 | |
Kirby Cohn Mccool Trustee | 2 | $0 | |
Judy S Tate Trustee | 2 | $0 | |
Lindsey Holstead Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Silchester International Investors | 12/30/18 | $102,225 |
Lowery Asset Consulting Llc | 12/30/18 | $60,488 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,390,033 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $951,115 |
| Capital Gain Net Income | $951,115 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,094 |
| Total Revenue | $2,343,242 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $75,909 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,599 |
| Total operating and administrative expenses | $471,128 |
| Contributions, gifts, grants paid | $4,110,000 |
| Total expenses and disbursements | $4,581,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,907 |
| 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 | $14,292 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,580,755 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $66,740,659 |
| 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, Vivian L Smith Foundation has awarded $4,110,000 in support to 152 organizations.
| Grant Recipient | Amount |
|---|---|
AMAZING PLACE PURPOSE: GENERAL OPERATIONS | $25,000 |
ARMS WIDE ADOPTION SERVICES PURPOSE: SUPPORT HOUSTON POST ADOPTION PROGRAM. | $5,000 |
BAKER RIPLEY PURPOSE: SUPPORT COMMUNITY, ECONOMIC INITIATIVES & WELLNESS PROGRAMS IN HOUSTON | $50,000 |
BIG BROTHERS BIG SISTERS LONE STAR GREATER HOUSTON PURPOSE: SUPPORT ONE-TO-ONE MENTORING PROGRAM. | $25,000 |
BREAKTHROUGH HOUSTON PURPOSE: OPERATING & PROGRAM EXPENSES. | $25,000 |
BUFFALO BAYOU PARTNERSHIP PURPOSE: SUPPORT FALL 2023 / WINTER 2024 PROGRAMS | $10,000 |