Edwin H & Ruth B Smith Foundation Inc
- Assets
- $2.1m
- Revenue
- $93.0k
- Investments
- $1.8m
- Employees
- 0
- Location
- Manchester, NH
- Founding
- 12/1999
- Data as of
- 12/2023
- EIN
- 22-3619685
Organization Overview
Edwin H & Ruth B Smith Foundation Inc is located in Manchester, NH. The organization was established in 1999. 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. Edwin H & Ruth B 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 12/2023, Edwin H & Ruth B Smith Foundation Inc generated $93.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $175.2k during the year ending 12/2023. While expenses have increased by 9.4% per year over the past 9 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 2014, Edwin H & Ruth B Smith Foundation Inc has awarded 159 individual grants totaling $965,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION IS DEDICATED TO PROVIDING GRANTS AND FINANCIAL SUPPORT TO QUALIFYING NONPROFITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Russo Secretary | 5 | $0 | |
Catherine Marie Mayer Vice President | 2 | $0 | |
Rebecca Russo President | 2 | $0 | |
Sandra Chagnon Treasurer | 2 | $0 | |
David Callaway Board Director | 2 | $0 | |
Dylan Chagnon Board Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $30,329 |
| Dividends & Interest | $36,539 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,149 |
| Capital Gain Net Income | $26,149 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $93,017 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,535 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31 |
| Total operating and administrative expenses | $27,249 |
| Contributions, gifts, grants paid | $148,000 |
| Total expenses and disbursements | $175,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $280,842 |
| 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 | $58,897 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,100,491 |
| Accounts payable and accrued expenses | $4,750 |
| 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 | $4,750 |
Grants Awarded
Over the last fiscal year, Edwin H & Ruth B Smith Foundation Inc has awarded $148,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
PREGNANCY RESOURCE CENTER PURPOSE: GENERAL OPERATING EXPENSE | $3,000 |
FAMILIES IN TRANSITION PURPOSE: GENERAL OPERATING EXPENSE | $8,000 |
HIS MANSION PURPOSE: GENERAL OPERATING EXPENSE | $13,000 |
NEW HOPE CHURCH FELLOWSHIP PURPOSE: GENERAL OPERATING EXPENSE | $7,000 |
CRU PURPOSE: GENERAL OPERATING EXPENSE | $2,000 |
CROSSWAY CHURCH PURPOSE: GENERAL OPERATING EXPENSE | $23,000 |