Trustees Of The Smith Charities
- Assets
- $4.6m
- Revenue
- $318.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Northampton, MA
- Founding
- 08/1935
- Data as of
- 01/2022
- 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 01/2022, 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 01/2022, Trustees Of The Smith Charities generated $318.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $101.3k during the year ending 01/2022. 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
2022
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carla Kone Treasurer / Clerk | OfficerTrustee | 40 | $40,000 |
David A Murphy President | OfficerTrustee | 5 | $5,000 |
Leslie Dwight Trustee | Trustee | 1 | $0 |
Carol Gray Trustee | Trustee | 1 | $0 |
Lydia Szych Elector - Hatfield | Trustee | 1 | $0 |
Mary Odgers Elector - Northampton | Trustee | 1 | $0 |
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 | $189,000 |
| Noncash contributions included in lines 1a–1f | $3,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $189,000 |
| Total Program Service Revenue | $0 |
| Investment income | $129,413 |
| 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 | $318,413 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,407 |
| Grants and other assistance to domestic individuals. | $8,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $48,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,000 |
| Pension plan accruals and contributions | $6,000 |
| Other employee benefits | $0 |
| Payroll taxes | $3,213 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $905 |
| Fees for services: Accounting | $1,950 |
| 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 | $2,260 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,670 |
| 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 | $3,071 |
| All other expenses | $0 |
| Total functional expenses | $101,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $947,452 |
| 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 | $3,148,476 |
| 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 | $4,628,775 |
| Accounts payable and accrued expenses | $0 |
| 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 | $12 |
| Total liabilities | $12 |
| Net assets without donor restrictions | $4,365,550 |
| 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 | $4,628,775 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Trustees Of The Smith Charities has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Wil-Dae Charitable Foundation Inc North Hatfield, MA PURPOSE: PROGRAM SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $263,213 |
| Earnings | $8,141 |
| Admin Expense | $1,628 |
| Grants | $6,513 |
| Ending Balance | $263,213 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harold Grinspoon Foundation Agawam, MA | $968,665,027 | $58,159,410 |
Jader Trust 4 New York, NY | $1,054,851,689 | $157,383,970 |
Rockefeller Family Fund Inc New York, NY | $156,631,848 | $43,772,368 |
Shapiro-Silverberg Foundation New York, NY | $41,665,129 | $24,069,378 |
Hess Philanthropic Fund New York, NY | $231,447,732 | $32,591,174 |
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Halvorsen Family Foundation Greenwich, CT | $235,306,066 | $4,015,208 |
Lynch Foundation Boston, MA | $176,006,196 | $42,142,694 |
Foundation Berma New York, NY | $320,553,699 | $33,382,644 |
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |
John R Oishei Consolidated Tr 01091998 Buffalo, NY | $21,967,662 | $5,743,689 |