Davis & Smith Family Foundation Inc
- Assets
- $13.4m
- Revenue
- $220.3k
- Investments
- $13.0m
- Employees
- 0
- Location
- Bethlehem, PA
- Founding
- 11/2019
- Data as of
- 12/2022
- EIN
- 84-3207370
Organization Overview
Davis & Smith Family Foundation Inc is located in Bethlehem, PA. The organization was established in 2019. 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. Davis & Smith Family Foundation Inc 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, Davis & Smith Family Foundation Inc generated $220.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (65.9%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Davis & Smith Family Foundation Inc has awarded 34 individual grants totaling $1,579,000. 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 |
|---|---|---|---|
Kelly J Miller Executive Director & Board Member | 40 | $100,000 | |
Joanne S Davis President & Board Member | 2 | $0 | |
Kaitlin E Bicknell Vice-President & Board Member | 2 | $0 | |
David T Davis Board Member | 2 | $0 | |
Paige J Bicknell Board Member | 2 | $0 | |
Britin E Miller Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $100,272 |
| Dividends & Interest | $204,942 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$84,898 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $220,316 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $16,729 |
| Interest | $0 |
| Taxes | $11,457 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $956 |
| Printing and publications | $1,000 |
| Other expenses | $7,171 |
| Total operating and administrative expenses | $229,038 |
| Contributions, gifts, grants paid | $870,000 |
| Total expenses and disbursements | $1,099,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,154 |
| Savings and temporary cash investments | $331,545 |
| 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 | $13,372,790 |
| Accounts payable and accrued expenses | $2,408 |
| 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 | $2,408 |
Grants Awarded
Over the last fiscal year, Davis & Smith Family Foundation Inc has awarded $870,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
YWCA OF BETHLEHEM PA PURPOSE: BOARD AND STAFF TRAINING | $20,000 |
WADE'S ARMY PURPOSE: NUTRITION PROGRAM/FAMILY SUPPORT | $75,000 |
TURNING POINT OF LEHIGH VALLEY PURPOSE: UNRESTRICTED SUPPORT | $75,000 |
THE HOMELAND HEROES FOUNDATION PURPOSE: WAREHOUSE/OFFICE RENT EXPENSES | $48,000 |
CAMP FREEDOM INC PURPOSE: UNRESTRICTED SUPPORT | $100,000 |
RED FEATHER DEVELOPMENT GROUP PURPOSE: UNRESTRICTED SUPPORT | $100,000 |