Fred R Smith Foundation
- Assets
- $17.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 82-4331996
Organization Overview
Fred R Smith Foundation is located in Seattle, WA. The organization was established in 2019. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Fred R 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, Fred R Smith Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Fred R Smith Foundation has awarded 81 individual grants totaling $3,637,836. 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 |
|---|---|---|---|
Holly D Smith Vice President | 0 | $24,000 | |
Ouida M Hemingway President | 0 | $0 | |
Tami Snyder Secretary/treasurer | 0 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,175,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $268,012 |
| 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 | $1,443,012 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $26,121 |
| Interest | $0 |
| Taxes | $6,789 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6 |
| Printing and publications | $0 |
| Other expenses | $666 |
| Total operating and administrative expenses | $67,139 |
| Contributions, gifts, grants paid | $1,103,036 |
| Total expenses and disbursements | $1,170,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $52,088 |
| 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 | $17,395,940 |
| Total assets | $17,448,028 |
| 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, Fred R Smith Foundation has awarded $1,103,036 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
EVERGREEN MOUNTAIN BIKE ALLIANCE PURPOSE: CHARITABLE CONTRIBUTION | $15,000 |
KUOW PURPOSE: CHARITABLE CONTRIBUTION | $20,000 |
MOUNTAIN TO SOUND GREENWAY TRUST PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
WASHINGTON TRAILS ASSOCIATION PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
GLOBAL PARTNERSHIPS PURPOSE: CHARITABLE CONTRIBUTIONS | $25,000 |
PATH WITH ART PURPOSE: CHARITABLE CONTRIBUTION | $500 |