Fred Smith Company Foundation
- Assets
- $2.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Clayton, NC
- Founding
- 04/2004
- Data as of
- 06/2023
- EIN
- 94-3415001
Organization Overview
Fred Smith Company Foundation is located in Clayton, NC. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Fred Smith Company 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 06/2023, Fred Smith Company Foundation generated $116.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 31.3% each year . All expenses for the organization totaled $115.4k during the year ending 06/2023. While expenses have increased by 39.1% per year over the past 8 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDED FOOD AS WELL AS MONETARY DONATIONS TO LOCAL RELIGIOUS CHARITIES AND SERVICE ORGANIZATIONS. THESE DONATIONS WERE UTILIZED TO SUPPORT THE LOCAL COMMUNITIES WITH SPECIFIC NEEDS AS IDENTIFIED INCLUDING FOOD AND FINANCIAL RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred J Smith Jr President | 0 | $0 | |
Fred J Smith III Vice President | 0 | $0 | |
Susan V Jones Secretary | 0 | $0 | |
Charles F Fuller Director | 0 | $0 | |
Gary Miller Director | 0 | $0 | |
Brian Strickland Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,583 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $116,583 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $22,740 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $92,671 |
| Total expenses | $115,411 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,988 |
| Other assets | $0 |
| Total assets | $1,988 |
| Total liabilities | $0 |
| Net assets or fund balances | $1,988 |