Smith Family Foundation
- Assets
- $6.4m
- Revenue
- $186.4k
- Investments
- $3.5m
- Employees
- 0
- Location
- Livingston, TX
- Founding
- 04/1993
- Data as of
- 12/2022
- EIN
- 76-6084284
Organization Overview
Smith Family Foundation is located in Livingston, 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. Smith Family 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, Smith Family Foundation generated $186.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $328.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Smith Family Foundation has awarded 148 individual grants totaling $1,221,300. 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 |
|---|---|---|---|
Robert M Smith Trustee | 1 | $0 | |
Fred M Smith Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $57,738 |
| Dividends & Interest | $58,557 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,282 |
| Capital Gain Net Income | $51,282 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$38 |
| Total Revenue | $186,427 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $52,326 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,468 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $121,943 |
| Total operating and administrative expenses | $193,494 |
| Contributions, gifts, grants paid | $134,949 |
| Total expenses and disbursements | $328,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,053 |
| Savings and temporary cash investments | $170,761 |
| 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 | $2,749,651 |
| Investments—mortgage loans | $0 |
| Investments—other | $248,165 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,836 |
| Total assets | $6,404,518 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $377,980 |
| 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 | $377,980 |
Grants Awarded
Over the last fiscal year, Smith Family Foundation has awarded $339,370 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
BOLD SPRINGS CEMETERY ASSOCIATION PURPOSE: OPERATIONS | $500 |
ACTS TWO MINISTRIES INTERNATIONAL PURPOSE: RELIGIOUS | $10,000 |
BOYS & GIRLS CLUB OF POLK COUNTY PURPOSE: OPERATIONS | $1,500 |
CENTRAL BAPTIST CHURCH PURPOSE: RELIGIOUS | $4,000 |
CAMP CHO YEH PURPOSE: RELIGIOUS | $4,170 |
CENTRAL TEXAS HOSPITALITY HOUSE PURPOSE: OPERATIONS | $10,000 |