Harold Webster Smith Foundation Inc
- Assets
- $6.8m
- Revenue
- $303.9k
- Investments
- $6.0m
- Employees
- 0
- Location
- Waterbury, CT
- Founding
- 10/1989
- Data as of
- 12/2022
- EIN
- 22-2947047
Organization Overview
Harold Webster Smith Foundation Inc is located in Waterbury, CT. The organization was established in 1989. 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. Harold Webster Smith 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 12/2022, Harold Webster Smith Foundation Inc generated $303.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $285.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Harold Webster Smith Foundation Inc has awarded 21 individual grants totaling $794,364. 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 |
|---|---|---|---|
Peter Mosbacher Member | 1 | $0 | |
Robert F Polito Jr Director | 1 | $0 | |
James C Smith Chairman & President | 5 | $0 | |
Kathryn Luria VP & Asst Secretary | 5 | $0 | |
Gregory S Madar SVP & Treasurer | 1 | $0 | |
Katherine Vines Trumbull Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $115,590 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$83,321 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21,651 |
| Total Revenue | $303,920 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $76,194 |
| Contributions, gifts, grants paid | $209,682 |
| Total expenses and disbursements | $285,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $534,074 |
| Savings and temporary cash investments | $335,928 |
| 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 | $5,970,453 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,840,455 |
| 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, Harold Webster Smith Foundation Inc has awarded $209,682 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HISPANIC COALITION OF GREATER WATERBURY INC PURPOSE: WORKING CITIES CHALLENGE | $10,000 |
NEIGHBORWORKS NEW HORIZONS PURPOSE: OPERATING SUPPORT - WATERBURY COMMUNITY INVESTMENT LLC, A SINGLE-MEMBER LIMITED LIABLITY COMPANY WHOLLY OWNED AND CONTROLLED BY MUTUAL HOUSING ASSOCIATION OF SOUTH CENTRAL CONNECTICUT, INC., AN ORGANIZATION DESCRIBED IN SECTION 170(C)(2) OF THE IRC | $100,000 |
WATERBURY DEVELOPMENT CORPORATION PURPOSE: GREATER WATERBURY COMMUNITY LAND BANK | $24,682 |
WATERBURY LAND BANK AUTHORITY PURPOSE: GREATER WATERBURY COMMUNITY LAND BANK | $75,000 |