Smith & Witt Family Foundation
- Assets
- $427.4k
- Revenue
- $25.2k
- Investments
- $288.8k
- Employees
- 0
- Location
- Mckinney, TX
- Founding
- Data as of
- 12/2023
- EIN
- 87-2128477
Organization Overview
Smith & Witt Family Foundation is located in Mckinney, TX. 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 & Witt Family 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 12/2023, Smith & Witt Family Foundation generated $25.2k in total revenue.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle E Smith Director | 0 | $0 | |
Mary E Smith Director | 0 | $0 | |
Carly M Witt Director | 0 | $0 | |
Kyle J Smith Director | 0 | $0 | |
Cody A Smith Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $407 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,437 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,344 |
| Capital Gain Net Income | $17,344 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,188 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $6,213 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $31,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $138,592 |
| 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 | $65,799 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $427,362 |
| 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, Smith & Witt Family Foundation has awarded $25,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS FUND PURPOSE: GENERAL PURPOSE | $5,000 |
EOD WARRIOR FOUNDATION PURPOSE: GENERAL PURPOSE | $5,000 |
SECOND CHANCE SPCA PURPOSE: GENERAL PURPOSE | $1,000 |
NATIONAL PARK FOUNDATION PURPOSE: GENERAL PURPOSE | $5,000 |
NORTH TEXAS FOOD BANK PURPOSE: GENERAL PURPOSE | $4,000 |
DOCTORS WITHOUT BORDERS PURPOSE: GENERAL PURPOSE | $5,000 |