Smith 5 Private Foundation Nfp
- Assets
- $925.9k
- Revenue
- $108.5k
- Investments
- $905.1k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 11/2018
- Data as of
- 12/2022
- EIN
- 81-5416072
Organization Overview
Smith 5 Private Foundation Nfp is located in Chicago, IL. The organization was established in 2018. 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 5 Private Foundation Nfp 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 5 Private Foundation Nfp generated $108.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (35.8%) each year. All expenses for the organization totaled $102.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Smith 5 Private Foundation Nfp has awarded 51 individual grants totaling $211,130. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PARTICIPATED IN CHARITABLE GIVING AND BENEVOLENT ASSISTANCE TO OTHER REGISTERED 501(C)(3) ORGANIZATIONS THAT CARRIED ON A SIMILAR MISSION TO THAT OF THE FOUNDATION.
THE MANAGEMENT AND ADMINISTRATIVE COSTS INCURRED TO OPERATE THE FOUNDATION, DIRECTLY SUPPORT, AND ARE NECESSARY TO CARRY OUT THE CHARITABLE PROGRAMS AND ACTIVITIES CONDUCTED BY THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth D Smith President | 10 | $40,000 | |
Matthew C Smith Director | 1 | $0 | |
Anne N Smith Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,159 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $80,336 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $108,495 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $3,316 |
| Interest | $0 |
| Taxes | $349 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $485 |
| Total operating and administrative expenses | $48,889 |
| Contributions, gifts, grants paid | $53,910 |
| Total expenses and disbursements | $102,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,804 |
| 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 | $925,914 |
| 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 | $125 |
| Total liabilities | $125 |
Grants Awarded
Over the last fiscal year, Smith 5 Private Foundation Nfp has awarded $53,910 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ABLE CHILD AFRICA PURPOSE: DONATION TO A DOMESTIC CHARITY | $1,050 |
ALMOST HOME CHICAGO PURPOSE: DONATION TO A DOMESTIC CHARITY | $6,000 |
DEPAUL USA DAX PROGRAM PURPOSE: DONATION TO A DOMESTIC CHARITY | $3,470 |
BALLET MAGNIFICAT PURPOSE: DONATION TO A DOMESTIC CHARITY | $250 |
THE HOME 2 HOME PROJECT PURPOSE: DONATION TO A DOMESTIC CHARITY | $13,190 |
JOLIET AREA COMMUNITY HOSPICE PURPOSE: DONATION TO A DOMESTIC CHARITY | $3,470 |