William A And Madeline Welder Smith Foundation
- Assets
- $14.9m
- Revenue
- $873.7k
- Investments
- $14.8m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 09/1992
- Data as of
- 06/2024
- EIN
- 76-6076267
Organization Overview
William A And Madeline Welder Smith Foundation is located in Houston, TX. The organization was established in 1992. 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. William A And Madeline Welder 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 06/2024, William A And Madeline Welder Smith Foundation generated $873.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $1.0m during the year ending 06/2024. While expenses have increased by 2.6% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, William A And Madeline Welder Smith Foundation has awarded 188 individual grants totaling $3,140,310. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H Michael Tyson Co-Trustee | 3 | $18,500 | |
Joe E Coleman Co-Trustee | 3 | $18,500 | |
Joseph W Royce Co-Trustee | 3 | $18,500 | |
Dee S Osborne Co-Trustee | 3 | $18,500 | |
Anne Mccullough Shallenberger Co-Trustee | 3 | $18,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27,090 |
| Dividends & Interest | $561,005 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $267,232 |
| Capital Gain Net Income | $267,232 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,325 |
| Total Revenue | $873,652 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $92,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,145 |
| Total operating and administrative expenses | $228,217 |
| Contributions, gifts, grants paid | $795,400 |
| Total expenses and disbursements | $1,023,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $46,246 |
| 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 | $580,377 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $28 |
| Total assets | $14,887,774 |
| 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, William A And Madeline Welder Smith Foundation has awarded $795,400 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
BAYLOR SCOTT & WHITE CENTRAL TEXAS FOUNDATION PURPOSE: MAGIC AT MCLANES CHILDREN'S HOSPITAL | $10,000 |
AMAZING PLACE PURPOSE: UNRESTRICTED | $25,000 |
BACH SOCIETY OF HOUSTON PURPOSE: UNRESTRICTED | $5,000 |
BAYLOR UNIVERSITY PURPOSE: JACQUELYN MCDONALD ROYCE SCHOLARSHIP | $30,000 |
BAYLOR UNIVERSITY PURPOSE: UNRESTRICTED | $25,000 |
CANEY BAPTIST CHURCH PURPOSE: UNRESTRICTED | $20,000 |