Trustees Of The Smith Charities
- Assets
- $4.6m
- Revenue
- $110.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Northampton, MA
- Founding
- 08/1935
- Data as of
- 01/2023
- EIN
- 04-2105778
Organization Overview
Trustees Of The Smith Charities is located in Northampton, MA. The organization was established in 1935. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 01/2023, Trustees Of The Smith Charities employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trustees Of The Smith Charities 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 01/2023, Trustees Of The Smith Charities generated $110.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $108.3k during the year ending 01/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO MANAGE THE FUNDS AND ADMINISTER THE WILL OF OLIVER SMITH
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT OF THE RESTRICTED AGRICULTURAL FUND FOR THE BENEFIT OF THE CITY OF NORTHAMPTON FOR THE USE OF SMITH'S VOCATIONAL-AGRICULTURAL HIGH SCHOOL
PROVIDING SUPPORT TO WIDOWS WITH MINOR CHILDREN, TRADESPERSONS, NURSES GRADUATING NURSING SCHOOL, AND BRIDES IN THE FORM OF GRANTS TO THESE INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carla M Kone Treasurer/clerk | OfficerTrustee | 40 | $40,000 |
David A Murphy President | OfficerTrustee | 5 | $2,000 |
Carol Gray Trustee, Elector - Amherst | Trustee | 1 | $1,500 |
Leslie Dwight Trustee, Elector - Deerfield | Trustee | 1 | $1,500 |
Richard Shortell Trustee, Elector - Greenfield *past* | Trustee | 1 | $500 |
Eric Cerreta Trustee, Elector - Williamsburg *past* | Trustee | 1 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,200 |
| Total Program Service Revenue | $0 |
| Investment income | $102,716 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $110,916 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,919 |
| Grants and other assistance to domestic individuals. | $14,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $49,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $6,000 |
| Other employee benefits | $0 |
| Payroll taxes | $3,213 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,250 |
| Fees for services: Accounting | $2,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,834 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,870 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,100 |
| All other expenses | $0 |
| Total functional expenses | $108,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,283,297 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,815,228 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $532,847 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,631,372 |
| Accounts payable and accrued expenses | $25 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $25 |
| Net assets without donor restrictions | $4,368,134 |
| Net assets with donor restrictions | $263,213 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,631,372 |