Carolyn Smith Foundation
- Assets
- $631.3k
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Gallatin, TN
- Founding
- 10/2017
- Data as of
- 12/2022
- EIN
- 81-4706113
Organization Overview
Carolyn Smith Foundation is located in Gallatin, TN. The organization was established in 2017. 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. Carolyn 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 12/2022, Carolyn Smith Foundation generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 53.3% each year . All expenses for the organization totaled $2.4m during the year ending 12/2022. While expenses have increased by 56.1% per year over the past 6 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 2017, Carolyn Smith Foundation has awarded 404 individual grants totaling $5,953,150. 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 |
|---|---|---|---|
Randy Smith President/di | 0 | $0 | |
Alexander Smith Secretary/di | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,600,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,600,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $104,162 |
| Pension plans, employee benefits | $7,968 |
| Interest | $0 |
| Taxes | $20 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,016 |
| Printing and publications | $0 |
| Other expenses | $5,445 |
| Total operating and administrative expenses | $127,947 |
| Contributions, gifts, grants paid | $2,302,650 |
| Total expenses and disbursements | $2,430,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $631,342 |
| 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 | $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 | $631,342 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $3,305 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,305 |
Grants Awarded
Over the last fiscal year, Carolyn Smith Foundation has awarded $2,302,650 in support to 141 organizations.
| Grant Recipient | Amount |
|---|---|
A SOLDIER'S CHILD FOUNDATION PURPOSE: SUPPORT FALLEN SOLDIER'S CHILDREN | $30,000 |
AGAPE TO THE NATIONS PURPOSE: BRINGING HOPE TO THE HOPELESS | $5,000 |
ABE'S GARDEN PURPOSE: IMPROVE LIVES OF ALZHEIMER PATIENTS | $25,000 |
ALZHEIMER'S ASSOCATION PURPOSE: IMPROVE LIFES OF ALZHEIMER PATIENTS | $40,000 |
ASHLEY'S PLACE PURPOSE: PROVIDE SERVICES ABUSED CHILDREN | $10,000 |
ARBOR DAY FOUNDATION PURPOSE: CONSERVATION & EDUCATION | $20,000 |