Clark R Smith Family Foundation
- Assets
- $17.3m
- Revenue
- $1.4m
- Investments
- $11.0m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/1987
- Data as of
- 12/2022
- EIN
- 22-2757313
Organization Overview
Clark R Smith Family Foundation is located in Wilmington, DE. The organization was established in 1987. 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. Clark R Smith Family 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, Clark R Smith Family Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 7.3% per year over the past 7 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, Clark R Smith Family Foundation has awarded 231 individual grants totaling $7,209,130. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlton Smith Trustee | 1 | $0 | |
Owen Smith Trustee | 1 | $0 | |
Trina Smith Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bank Of America Us Trust | 12/30/18 | $177,698 |
Foundation Source | 12/30/18 | $51,075 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $42,102 |
| Dividends & Interest | $615,947 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $724,487 |
| Capital Gain Net Income | $724,487 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,519 |
| Total Revenue | $1,384,055 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,755 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36,146 |
| Total operating and administrative expenses | $193,705 |
| Contributions, gifts, grants paid | $1,476,500 |
| Total expenses and disbursements | $1,670,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,262,450 |
| 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 | $3,715,326 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,251,021 |
| 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, Clark R Smith Family Foundation has awarded $1,476,500 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA ACADEMY OF SCIENCES PURPOSE: PUBLIC PROGRAMS | $50,000 |
CENTRO LEGAL DE LA RAZA INC PURPOSE: TENANTS RIGHTS PROGRAM | $50,000 |
CENTRO LEGAL DE LA RAZA INC PURPOSE: YOUTH LAW ACADEMY | $50,000 |
COUNCIL ON THE ENVIRONMENT INC DBA GROWNYC PURPOSE: YOUTH EDUCATION PROGRAMS | $75,000 |
ESSEX COUNTY COMMUNITY FOUNDATION INCORPORATED PURPOSE: DIGITAL EQUITY FUND | $50,000 |
FARESTART PURPOSE: BARISTA & CUSTOMER SERVICE TRAINING PROGRAM | $25,000 |