Smbc Global Foundation Inc
- Assets
- $17.2m
- Revenue
- $1.6m
- Investments
- $17.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/2013
- Data as of
- 12/2021
- EIN
- 13-3766226
Organization Overview
Smbc Global Foundation Inc is located in New York, NY. The organization was established in 2013. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Smbc Global Foundation Inc 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 12/2021, Smbc Global Foundation Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $914.0k during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 6 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 2016, Smbc Global Foundation Inc has awarded 699 individual grants totaling $2,532,256. 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 |
|---|---|---|---|
Hiro Oshima Director | 0.5 | $0 | |
David Stomski Assistant Treasurer | 0.5 | $0 | |
Howard Tiegel Director | 0.5 | $0 | |
Lubna Usman Assistant Secretary | 0.5 | $0 | |
Jane Hutta Outgoing Secretary | 1 | $0 | |
Natsuhiro Samejima Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $689,403 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $865,137 |
| Capital Gain Net Income | $865,137 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,554,540 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,765 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,085 |
| Total operating and administrative expenses | $374,168 |
| Contributions, gifts, grants paid | $539,829 |
| Total expenses and disbursements | $913,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,642 |
| 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 | $8,250 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,192,558 |
| Accounts payable and accrued expenses | $50,648 |
| 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 | $50,648 |
Grants Awarded
Over the last fiscal year, Smbc Global Foundation Inc has awarded $539,829 in support to 214 organizations.
| Grant Recipient | Amount |
|---|---|
GIVE POWER PURPOSE: IN SUPPORT OF THE ORGANIZATION'S ACTIVITIES | $50,000 |
New York, NY PURPOSE: IN SUPPORT OF THE EDUCATIONAL AND CULTURAL ACTIVITIES OF THE CENTER ON JAPANESE ECONOMY AND BUSINESS | $50,000 |
New York, NY PURPOSE: IN SUPPORT OF THE ORGANIZATION'S GENERAL OPERATION | $50,000 |
MTC (SPRING GALA ) PURPOSE: IN SUPPORT OF MTC'S 2020 ACTIVITIES | $50,000 |
THE US-ASIA TECHNOLOGY MANAGEMENT CENTER -STANFORD UNIVERSITY PURPOSE: IN SUPPORT FOR THE ORGANIZATION'S EDUCATIONAL ACTIVITIES | $30,000 |
MTC (FALL BENEFIT ) PURPOSE: IN SUPPORT OF MTC'S 2020 ACTIVITIES | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |