Frank E & Salome B Smith Scholarship Fund 1012002010
- Assets
- $552.6k
- Revenue
- $40.7k
- Investments
- $538.6k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- Data as of
- 12/2023
- EIN
- 84-6273155
Organization Overview
Frank E & Salome B Smith Scholarship Fund 1012002010 is located in Chicago, IL. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frank E & Salome B Smith Scholarship Fund 1012002010 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, Frank E & Salome B Smith Scholarship Fund 1012002010 generated $40.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $38.0k during the year ending 12/2023. While expenses have increased by 0.6% per year over the past 4 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,425 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,967 |
| Capital Gain Net Income | $21,967 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $278 |
| Total Revenue | $40,670 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,689 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $319 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,008 |
| Contributions, gifts, grants paid | $27,033 |
| Total expenses and disbursements | $38,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,154 |
| Savings and temporary cash investments | $7,904 |
| 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 | $32,010 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $552,630 |
| 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 |