Michael S Smith Foundation
- Assets
- $1.2m
- Revenue
- $24.0k
- Investments
- $1.2m
- Employees
- 0
- Location
- Hillsboro Beach, FL
- Founding
- 05/2016
- Data as of
- 12/2021
- 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 12/2021, Michael S Smith Foundation generated $24.0k 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 (56.9%) each year. All expenses for the organization totaled $28.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Michael S Smith Foundation has awarded 30 individual grants totaling $105,476. 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 |
|---|---|---|---|
Michael Smith President | 2 | $0 | |
Annette Smith Vice-President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $27,217 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,244 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,973 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $272 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $67 |
| Total operating and administrative expenses | $5,868 |
| Contributions, gifts, grants paid | $22,458 |
| Total expenses and disbursements | $28,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,384 |
| Savings and temporary cash investments | $43,655 |
| 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 | $1,159,198 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,207,237 |
| 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 |
|---|---|
Boston, MA PURPOSE: GENERAL SUPPORTGENERAL SUPPORT | $22,400 |
GO FUND ME PURPOSE: GENERAL SUPPORT | $58 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hfsf Grants Management Inc Miami, FL | $164,842,326 | $9,370,110 |
Healthcare Georgia Foundation Inc Atlanta, GA | $145,422,542 | $18,331,596 |
The David Herro Charitable Foundation Palm Beach, FL | $0 | $2,921,972 |
Rally Foundation Inc Atlanta, GA | $9,445,133 | $7,328,050 |
David A Straz Jr Foundation Tampa, FL | $131,621,183 | $77,599,258 |
Stoops Family Foundation Inc Delray Beach, FL | $20,465,985 | $11,384,519 |
Project Akilah Inc Tampa, FL | $3,270,009 | $3,129,345 |
Dadefund Inc Miami, FL | $3,023 | $29,705 |
Key Center Foundation Inc Lecanto, FL | $2,199,130 | $3,104,172 |
Ezra International Melbourne, FL | $2,162,759 | $2,300,769 |
Holle Family Foundation Birmingham, AL | $55,700,431 | $5,149,826 |
Traveling Press Fund Inc St Petersburg, FL | $4,958,687 | $2,719,949 |