Securus Richard A Smith Foundation
- Assets
- $49.1k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Addison, TX
- Founding
- 01/2018
- Data as of
- 12/2019
- EIN
- 82-1929467
Organization Overview
Securus Richard A Smith Foundation is located in Addison, TX. The organization was established in 2018. According to its NTEE Classification (I44) the organization is classified as: Prison Alternatives, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Securus Richard A 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 12/2019, Securus Richard A Smith Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 67.9% each year . All expenses for the organization totaled $1.0m during the year ending 12/2019. While expenses have increased by 68.0% per year over the past 3 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2019, THE FOUNDATION'S PRIMARY FOCUS WAS PROVIDING TECHNICAL ASSISTANCE ON THE IMPLEMENTATION OF AN ELECTRONIC RESOURCE TOOL IN CUYAHOGA COUNTY, OH FOR THEIR HEALTH & HUMAN SERVICES DEPARTMENT, THE OFFICE OF REENTRY. THIS ACTIVITY INCLUDED VERIFYING LOCAL RESOURCE PROVIDER INFORMATION AND INPUTTING IT IN THE TOOL. ADDITIONALLY, THE FOUNDATION CREATED TWO REAL PROGRAMS; THE WORKSHOP IS AN AWARENESS PROGRAM FOR CURRENTLY INCARCERATED INDIVIDUALS RETURNING TO THE COMMUNITY AND WHAT RESOURCES ARE AVAILABLE TO THEM AND THE OTHER AN EVENT TO EDUCATE THE COMMUNITY ON THE IMPORTANCE OF COLLABORATION, CONNECTIVITY AND COMMUNITY, IN THE CONTEXT OF ASSISTING INCARCERATED AND FORMERLY INCARCERATED INDIVIDUALS. THE FOUNDATION CONTINUED TO EDUCATE AND PARTNER WITH MULTIPLE ORGANIZATIONS AND AGENCIES THROUGHOUT THE YEAR, BY PROVIDING ITS REAL WORKSHOP AND ASSISTING WITH REDUCING THE BARRIERS TO REENTRY IN MULTIPLE JURISDICTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reginald Wilkinson Edd Board Member | 2 | $4,000 | |
E Renee Crenshaw Board Member | 1 | $4,000 | |
Eliosa Montoya Board Member | 1 | $3,000 | |
Russell Roberts Chariman Of The Board | 8 | $0 | |
Dawn Freeman President/ceo | 65 | $0 | |
Albert J Smith III Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,070,357 |
| 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 | $1,070,357 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,000 |
| Other employee salaries and wages | $218,633 |
| Pension plans, employee benefits | $33,417 |
| Interest | $0 |
| Taxes | $56,980 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $258,764 |
| Printing and publications | $20,235 |
| Other expenses | $384,610 |
| Total operating and administrative expenses | $1,043,472 |
| Contributions, gifts, grants paid | $5,201 |
| Total expenses and disbursements | $1,048,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,531 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $5,750 |
| 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 | $31,844 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $49,125 |
| Accounts payable and accrued expenses | $8,302 |
| 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 | $8,302 |
Grants Awarded
Over the last fiscal year, Securus Richard A Smith Foundation has awarded $5,201 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
PRISON ENTREPRENEURSHIP PROGRAM PURPOSE: TO HELP ORGANIZATION WITH OPERATIONAL COSTS | $2,000 |
CUYAHOGA OFFICE OF REENTRY PURPOSE: BOOKS FOR THE RE-ENTRY PROGRAM | $1,165 |
TAMU WALKER PURPOSE: RENT PAYMENT FOR EX-INCARCERATED INDIVIDUAL. | $964 |
BEAUTY AFTER THE BARS PURPOSE: TO HELP WITH RE-ENTRY PROGRAM | $500 |
TEXAS RE-ENTRY ADVISORY COUNCIL PURPOSE: HEALTHCARE & SOCIAL ASSISTANCE | $227 |
LADIES OF HOPE MINISTRIES INC PURPOSE: TO HELP WITH THE PAROLE AND PROBATION ACCOUNTABILITY PROJECT | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Serenity Academy Houston, TX | $2,023,938 | $7,944,299 |
Georgetown Healthcare Community Services Inc Georgetown, TX | $10,463,436 | $2,567,148 |
Remerge Of Ok County Inc Oklahoma City, OK | $9,509,584 | $1,950,806 |
Innovative Alternatives Inc Houston, TX | $847,050 | $2,303,168 |
Specialized Outpatient Services Inc Oklahoma City, OK | $762,087 | $1,361,897 |
Council On Regional Economic Expansion And Educational Dev Co El Paso, TX | $8,626,125 | $173,189 |
Securus Richard A Smith Foundation Addison, TX | $49,125 | $1,070,357 |
Crossroads Foundation Inc Slidell, LA | $5,795,334 | $123,440 |
Truth Be Told Austin, TX | $263,536 | $315,480 |
Baton Rouge Comtransition & Treat Ctr Baton Rouge, LA | $0 | $690 |
Inside Books Project Austin, TX | $191,576 | $0 |
Gettin Home Cherokee, OK | $3,271 | $0 |