Will And Jada Smith Family Foundation
- Assets
- $303.1k
- Revenue
- $365.9k
- Investments
- $300.0k
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 03/1997
- Data as of
- 12/2022
- EIN
- 95-4607014
Organization Overview
Will And Jada Smith Family Foundation is located in Los Angeles, CA. The organization was established in 1997. 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. Will And Jada Smith 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, Will And Jada Smith Family Foundation generated $365.9k 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 (9.1%) each year. All expenses for the organization totaled $443.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Will And Jada Smith Family Foundation has awarded 215 individual grants totaling $5,762,753. 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
WILL BOOK CLUB COMMUNITY SERVICE (BOOK TOUR) PLEASE SEE FOOTNOTES 1 FOR DETAIL OF CHARITABLE ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Evans Executive Director | 2 | $0 | |
Willard Smith II Co-Chairperson | 0.5 | $0 | |
Harry Smith CFO | 1 | $0 | |
Jada P Smith Co-Chairperson,secretary | 1 | $0 | |
James Lassiter Director | 0.5 | $0 | |
Jana Babtunde-Bey President | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Decosta Marketing Inc | 12/30/21 | $114,700 |
Markaira Inc | 12/30/21 | $263,167 |
Bmike Llc | 12/30/21 | $62,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $365,870 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $365,870 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $433 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $106,788 |
| Total operating and administrative expenses | $107,221 |
| Contributions, gifts, grants paid | $336,500 |
| Total expenses and disbursements | $443,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $300,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,126 |
| Total assets | $303,126 |
| 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 | $22,102 |
| Total liabilities | $22,102 |
Grants Awarded
Over the last fiscal year, Will And Jada Smith Family Foundation has awarded $336,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FILM INSTITUTE PURPOSE: SEC 501(C)(3) ORGANIZATION | $100,000 |
BIG BROTHERS BIG SISTERS PURPOSE: SEC 501(C)(3) ORGANIZATION | $2,500 |
DABBIE ALLEN DANCE ACADEMY PURPOSE: SEC 501(C)(3) ORGANIZATION | $100,000 |
CESAR MILLAN FOUNDATION PURPOSE: SEC 501(C)(3) ORGANIZATION | $9,000 |
REBECOMING INC PURPOSE: SEC 501(C)(3) ORGANIZATION | $15,000 |
THE UCLA FOUNDATION PURPOSE: SEC 501(C)(3) ORGANIZATION | $100,000 |