Smothrich Family Foundation
- Assets
- $2.1m
- Revenue
- $167.4k
- Investments
- $912.2k
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 08/2000
- Data as of
- 12/2022
- EIN
- 91-1989466
Organization Overview
Smothrich Family Foundation is located in Los Angeles, CA. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Smothrich 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 12/2022, Smothrich Family Foundation generated $167.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $137.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Smothrich Family Foundation has awarded 224 individual grants totaling $1,155,433. 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 |
|---|---|---|---|
Marvin Smotrich Co-Trustee | 0 | $0 | |
Thomas Smotrich Co-Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,500 |
| Interest on Savings | $447 |
| Dividends & Interest | $87,433 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $37,592 |
| Capital Gain Net Income | $37,592 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $35,463 |
| Total Revenue | $167,435 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,460 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $97 |
| Total operating and administrative expenses | $24,830 |
| Contributions, gifts, grants paid | $112,930 |
| Total expenses and disbursements | $137,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,899 |
| Savings and temporary cash investments | $397,644 |
| 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 | $601,291 |
| Investments—mortgage loans | $93,020 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,090,036 |
| 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, Smothrich Family Foundation has awarded $112,930 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
BETH JACOB CONGREGATION PURPOSE: RELIGIOUS AND EDUCATIONAL PURPOSES | $14,000 |
BUREAU OF JEWISH EDUCATION PURPOSE: RELIGIOUS AND EDUCATIONAL PURPOSES | $5,000 |
CHABAD OF RANCHO MIRAGE PURPOSE: RELIGIOUS AND EDUCATIONAL PURPOSES | $5,000 |
DESERT OUTREACH SYNAGOGUE PURPOSE: RELIGIOUS AND EDUCATIONAL PURPOSES | $10,000 |
EISENHOWER MEDICAL CENTER PURPOSE: RELIGIOUS AND EDUCATIONAL PURPOSES | $20,000 |
GETTY PATRON SOCIETY PURPOSE: RELIGIOUS AND EDUCATIONAL PURPOSES | $1,000 |