Smith & Watson Foundation

Organization Overview

Smith & Watson Foundation is located in Hobbs, NM. The organization was established in 1991. 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. Smith & Watson 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 10/2022, Smith & Watson Foundation generated $81.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $39.4k during the year ending 10/2022. While expenses have increased by 9.9% per year over the past 6 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.

Since 2015, Smith & Watson Foundation has awarded 94 individual grants totaling $168,550. 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)Compensation
Julee W Smith
President
$0
R Finn Smith
Secretary/treasurer
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $34,000
Interest on Savings $0
Dividends & Interest $36,777
Net Rental Income$0
Net Gain on Sale of Assets $11,165
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $81,942

Grants Awarded

Over the last fiscal year, Smith & Watson Foundation has awarded $31,500 in support to 13 organizations.

Grant RecipientAmount

UNIVERSITY OF THE SOUTHWEST

Org PageRecipient Profile

Hobbs, NM

PURPOSE: GENERAL SUPPORT

$6,000

Hobbs, NM

PURPOSE: GENERAL SUPPORT

$5,000

PALMER DRUG ABUSE PROGRAM

PURPOSE: GENERAL SUPPORT

$5,000

SACRAMENTO CAMP

PURPOSE: GENERAL SUPPORT

$3,800

NEW MEXICO JUNIOR COLLEGE FOUNDATION

Org PageRecipient Profile

Hobbs, NM

PURPOSE: GENERAL SUPPORT

$3,500

HABITAT FOR HUMANITY

PURPOSE: GENERAL SUPPORT

$3,000
View Grant Profile

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