Lester And Bernice Smith Foundation
- Assets
- $3.1m
- Revenue
- $52.3k
- Investments
- $3.0m
- Employees
- 0
- Location
- Bellevue, WA
- Founding
- 05/1983
- Data as of
- 10/2023
- EIN
- 91-1156087
Organization Overview
Lester And Bernice Smith Foundation is located in Bellevue, WA. The organization was established in 1983. 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. Lester And Bernice 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 10/2023, Lester And Bernice Smith Foundation generated $52.3k 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 (12.7%) each year. All expenses for the organization totaled $279.4k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Lester And Bernice Smith Foundation has awarded 78 individual grants totaling $872,450. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LESTER AND BERNICE SMITH FOUNDATION PROVIDES SUPPORT TO OTHER QUALIFIED 501(C)(3) ORGANIZATION ALLOWING THEM TO CARRY OUT THEIR CHARITABLE ACTIVITIES. ORGANIZATIONS SERVED = 20
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander M Smith Director (part-Time) | 0 | $0 | |
Kimberly Miller Director (part-Time) | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $151 |
| Dividends & Interest | $72,164 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$20,015 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,300 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,485 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,911 |
| Total operating and administrative expenses | $34,233 |
| Contributions, gifts, grants paid | $245,200 |
| Total expenses and disbursements | $279,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$2 |
| Savings and temporary cash investments | $93,452 |
| 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 | $2,862,354 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,138,681 |
| 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, Lester And Bernice Smith Foundation has awarded $245,200 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BELLEVUE ROTARY FOUNDATION PURPOSE: GENERAL OPERATION | $10,000 |
CHILDREN'S MIRACLE NETWORK HOSPITALS PURPOSE: GENERAL OPERATION | $15,000 |
HAWAII STATE JUNIOR GOLF ASSOCIATION PURPOSE: GENERAL OPERATION | $16,000 |
HO 'OLA NA PUA PURPOSE: GENERAL OPERATION | $2,500 |
KING COUNTY SEXUAL ASSAULT RESOURCE CENTER PURPOSE: GENERAL OPERATION | $10,000 |
RENTON REGIONAL COMMUNITY FOUNDATION PURPOSE: GENERAL OPERATION | $1,000 |