Smd Foundation
- Assets
- $340.3k
- Revenue
- $20.8k
- Investments
- $316.6k
- Employees
- 0
- Location
- Lake Charles, LA
- Founding
- 06/2006
- Data as of
- 12/2022
- EIN
- 20-4880546
Organization Overview
Smd Foundation is located in Lake Charles, LA. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Smd 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, Smd Foundation generated $20.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (44.8%) each year. All expenses for the organization totaled $64.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $10,363 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,450 |
| Capital Gain Net Income | $10,450 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,815 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,662 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,696 |
| Contributions, gifts, grants paid | $58,000 |
| Total expenses and disbursements | $64,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,690 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $340,323 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Smd Foundation has awarded $58,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BARBARA BUSH HOUSTON LITERACY FOUNDATION PURPOSE: GENERAL NEEDS | $8,000 |
CHRISTUS OCHSNER SOUTHWESTERN LOUISIANA FOUNDATION PURPOSE: GENERAL NEEDS | $5,000 |
MCNEESE STATE UNIVERSITY FOUNDATION PURPOSE: GENERAL NEEDS | $10,000 |
OUR LADY QUEEN OF HEAVEN SCHOOL PURPOSE: GENERAL NEEDS | $10,000 |
ST LOUIS CATHOLIC HIGH SCHOOL FOUNDATION PURPOSE: GENERAL NEEDS | $10,000 |
COMMUNITY FOUNDATION OF SOUTHWEST LOUISIANA PURPOSE: GENERAL NEEDS | $10,000 |