Michael S Smith Foundation
- Assets
- $790.9k
- Revenue
- $35.0k
- Investments
- $754.6k
- Employees
- 0
- Location
- Hillsboro Beach, FL
- Founding
- 05/2016
- Data as of
- 12/2023
- EIN
- 81-6506101
Organization Overview
Michael S Smith Foundation is located in Hillsboro Beach, FL. The organization was established in 2016. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Michael S 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 12/2023, Michael S Smith Foundation generated $35.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (38.0%) each year. All expenses for the organization totaled $5.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (36.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Michael S Smith Foundation has awarded 35 individual grants totaling $164,804. 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 |
|---|---|---|---|
Michael Smith President | 2 | $0 | |
Annette Smith Vice-President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,020 |
| Interest on Savings | $0 |
| Dividends & Interest | $35,073 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,093 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $35,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $178 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,948 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $5,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,384 |
| Savings and temporary cash investments | $31,942 |
| 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 | $754,573 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $790,899 |
| 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, Michael S Smith Foundation has awarded $22,458 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GO FUND ME PURPOSE: GENERAL SUPPORT | $58 |
SUFFOLK UNIVERSITY PURPOSE: GENERAL SUPPORTGENERAL SUPPORT | $22,400 |