Fullen-Smith Foundation
- Assets
- $2.4m
- Revenue
- $1.1m
- Investments
- $2.4m
- Employees
- 0
- Location
- Ridgefield, CT
- Founding
- 02/1960
- Data as of
- 04/2024
- EIN
- 95-6044541
Organization Overview
Fullen-Smith Foundation is located in Ridgefield, CT. The organization was established in 1960. 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. Fullen-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 04/2024, Fullen-Smith Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 57.6% each year . All expenses for the organization totaled $106.8k during the year ending 04/2024. While expenses have increased by 5.1% 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.
Since 2015, Fullen-Smith Foundation has awarded 84 individual grants totaling $654,269. 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 |
|---|---|---|---|
Martin Smith President | 2 | $0 | |
Michael Smith Treas & CFO | 2 | $0 | |
Nathan Ito-Prine Vice Pres | 2 | $0 | |
Jennifer Smith Vice Pres | 2 | $0 | |
Julia Smith Secretary | 2 | $0 | |
Hannah Kully Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $56 |
| Dividends & Interest | $29,785 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $44,093 |
| Capital Gain Net Income | $44,093 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,073,934 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,189 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $299 |
| Total operating and administrative expenses | $4,288 |
| Contributions, gifts, grants paid | $102,500 |
| Total expenses and disbursements | $106,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,373 |
| 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 | $506,571 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,412,163 |
| Accounts payable and accrued expenses | $602 |
| 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 | $602 |
Grants Awarded
Over the last fiscal year, Fullen-Smith Foundation has awarded $102,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
A WIDER CIRCLE PURPOSE: GENERAL FUND | $10,000 |
CATSKILL MOUNTAINKEEPER PURPOSE: GENERAL FUND | $10,000 |
CREATIVE GROWTH ART CENTER PURPOSE: GENERAL FUND | $10,000 |
NEST GEES BEND QUILTERS PURPOSE: GENERAL FUND | $10,000 |
JUST ROOTS PURPOSE: GENERAL FUND | $10,000 |
DANBURY AREA REFUGEE ASSISTANCE PURPOSE: GENERAL FUND | $10,000 |