Smidt Fam Foundation
- Assets
- $69.8m
- Revenue
- $4.9m
- Investments
- $66.2m
- Employees
- 0
- Location
- Newbury Park, CA
- Founding
- 05/2001
- Data as of
- 12/2021
- EIN
- 77-0507427
Organization Overview
Smidt Fam Foundation is located in Newbury Park, CA. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Smidt Fam 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 12/2021, Smidt Fam Foundation generated $4.9m in total revenue. All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 85.3% per year over the past 7 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 2016, Smidt Fam Foundation has awarded 253 individual grants totaling $10,528,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Sobel Trustee | 12 | $75,000 | |
Ena Sobel Trustee | 12 | $75,000 | |
Ross Sobel Trustee | 12 | $75,000 | |
Christian Mejia Trustee | 12 | $75,000 | |
Maya V Smidt Foundation Manager/trustee | 12 | $75,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,184 |
| Dividends & Interest | $1,468,240 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,420,783 |
| Capital Gain Net Income | $3,420,783 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,896,207 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $375,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $67,338 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,899 |
| Total operating and administrative expenses | $1,121,083 |
| Contributions, gifts, grants paid | $2,808,000 |
| Total expenses and disbursements | $3,929,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,507,366 |
| 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 | $30,387,587 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $69,750,078 |
| 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, Smidt Fam Foundation has awarded $2,808,000 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: DR IRA KURTZ RESEARCH FUND, MEDICINE-NEPHROLOGY | $200,000 |
Los Angeles, CA PURPOSE: SMIDT FAMILY FOUNDATION RESEARCH FUND RADIOLOGICAL SCIENCES | $200,000 |
Los Angeles, CA PURPOSE: CHILDREN'S FUND | $100,000 |
THE MICHAEL J FOX FOUNDATION PURPOSE: IN FURTHERANCE OF SECTION 501(C)(3) CHARITABLE PURPOSE. | $100,000 |
RILEY CHILDREN'S FOUNDATION PURPOSE: IN FURTHERANCE OF SECTION 501(C)(3) CHARITABLE PURPOSE. | $100,000 |
Washington, DC PURPOSE: IN FURTHERANCE OF SECTION 501(C)(3) CHARITABLE PURPOSE. | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Leonard And Sophie Davis Fund San Francisco, CA | $227,558,478 | $35,284,803 |
Ray And Dagmar Dolby Family Fund San Francisco, CA | $0 | $8,022,175 |
Kalmanovitz Charitable Foundation Mill Valley, CA | $9,993,294 | $9,957,898 |
Mufg Union Bank Foundation Ag Phoenix, AZ | $2,989,069 | $8,302,055 |
Fenwick Community Fund Mountain View, CA | $8,526,987 | $12,836,931 |
Colburn Music Fund Los Angeles, CA | $0 | $7,150,369 |
Marks Family Foundation Redwood City, CA | $49,983,289 | $16,693,138 |
Herbalife Nutrtion Foundation Los Angeles, CA | $22,239,401 | $8,092,128 |
Kla-Tencor Foundation Milpitas, CA | $26,702,881 | $5,233,772 |
Walter J & Betty C Zable Foundation San Diego, CA | $89,922,595 | $8,940,204 |
In-N-Out Burgers Foundation Irvine, CA | $42,997,314 | $8,211,700 |
Smidt Fam Foundation Newbury Park, CA | $69,750,078 | $4,896,207 |