Patricia D & William B Smullin Foundation
- Assets
- $10.9m
- Revenue
- $573.7k
- Investments
- $10.2m
- Employees
- 0
- Location
- Blue Lake, CA
- Founding
- 06/1992
- Data as of
- 12/2022
- EIN
- 93-1055546
Organization Overview
Patricia D & William B Smullin Foundation is located in Blue Lake, CA. The organization was established in 1992. 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. Patricia D & William B Smullin 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, Patricia D & William B Smullin Foundation generated $573.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $800.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Patricia D & William B Smullin Foundation has awarded 269 individual grants totaling $9,877,649. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION DOES NOT SPONSOR ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin S Brown Board Chair/director | 1 | $0 | |
Meredith A Brown Vice President/director | 1 | $0 | |
Susan C Dawson Secretary/director | 1 | $0 | |
Ajay Kundaria Investment Oversight/direc | 1 | $0 | |
Laura Pickard Executive Director | 40 | $150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $41,118 |
| Dividends & Interest | $243,682 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $288,855 |
| Capital Gain Net Income | $288,855 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $573,655 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $31,615 |
| Interest | $0 |
| Taxes | $28,130 |
| Depreciation | $68 |
| Occupancy | $1,950 |
| Travel, conferences, and meetings | $2,902 |
| Printing and publications | $0 |
| Other expenses | $90,538 |
| Total operating and administrative expenses | $305,203 |
| Contributions, gifts, grants paid | $495,653 |
| Total expenses and disbursements | $800,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $747,058 |
| 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 | $7,873,944 |
| Net Land, buildings, and equipment | $34 |
| Other assets | $0 |
| Total assets | $10,927,821 |
| 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, Patricia D & William B Smullin Foundation has awarded $495,653 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN LEADERSHIP FORUM OF OREGON PURPOSE: AMERICAN LEADERSHIP FELLOWS FORUM | $2,500 |
BOYS AND GIRLS CLUB OF THE REDWOODS PURPOSE: EUREKA CLUBHOUSE RENOVATION | $35,000 |
BREAST AND GYN HEALTH PROJECT PURPOSE: SUPPORT FOR GENERAL OPERATING COSTS | $20,000 |
BROOKINGS HARBOR COMMUNITY HELPERS INC PURPOSE: SNACK PACKS FOR KIDS PROGRAM | $2,500 |
CAL POLY HUMBOLDT SPONSORED PROGRAMS FOUNDATION PURPOSE: BUSINESS INTERNSHIP PROGRAM 2022-2023 | $46,853 |
EUREKA RESCUE MISSION PURPOSE: WOMEN AND CHILDRENS SHELTER RENOVATION | $75,000 |