Smith Foundation
- Assets
- $7.2m
- Revenue
- $397.0k
- Investments
- $5.2m
- Employees
- 0
- Location
- Downingtown, PA
- Founding
- 01/1951
- Data as of
- 12/2022
- EIN
- 23-6238148
Organization Overview
Smith Foundation is located in Downingtown, PA. The organization was established in 1951. 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. Smith 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, Smith Foundation generated $397.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $619.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Smith Foundation has awarded 492 individual grants totaling $4,351,895. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
NONE
NONE
NONE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles P Barber President | 1 | $700 | |
Kenneth L Brier Board Member | 1 | $700 | |
Robert B Murray Board Member | 1 | $700 | |
Kenneth M Detreux Board Member | 1 | $700 | |
Paul F Pugh Board Member | 1 | $700 | |
Jack T Tomarchio Board Member | 1 | $700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $199,178 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $197,849 |
| Capital Gain Net Income | $197,849 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $397,027 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,805 |
| Depreciation | $0 |
| Occupancy | $3,539 |
| Travel, conferences, and meetings | $1,807 |
| Printing and publications | $0 |
| Other expenses | $7,720 |
| Total operating and administrative expenses | $47,351 |
| Contributions, gifts, grants paid | $571,700 |
| Total expenses and disbursements | $619,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,690 |
| Savings and temporary cash investments | $1,929,189 |
| 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 | $7,164,378 |
| 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, Smith Foundation has awarded $571,700 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
West Chester, PA PURPOSE: OPERATING EXPENSES | $15,200 |
FRIENDS HOME IN KENNETT SQUARE PURPOSE: CARPET REPLACEMENT | $14,500 |
West Chester, PA PURPOSE: OPERATING EXPENSES | $12,500 |
Philadelphia, PA PURPOSE: OPERATING EXPENSES | $12,500 |
NET TREATMENT SERVICES PURPOSE: EMERGENCY FAMILY FUND | $12,500 |
ACHIEVEABILITY PURPOSE: COMPREHENSIVE FAMILY SELF-SUFFICIENCY PROGRAM | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |