The W W Smith Charitable Trust
- Assets
- $204.3m
- Revenue
- $16.9m
- Investments
- $183.0m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 08/2015
- Data as of
- 06/2022
- EIN
- 23-6648841
Organization Overview
The W W Smith Charitable Trust is located in Las Vegas, NV. The organization was established in 2015. 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. W W Smith Charitable Trust 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 06/2022, W W Smith Charitable Trust generated $16.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $10.8m during the year ending 06/2022. While expenses have increased by 5.0% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wells Fargo Bank Na Co-Trustee | 1 | $182,409 | |
Brian Jones Sr Program Officer | 40 | $89,058 | |
Catherine Probeck Office Administrator | 40 | $51,914 | |
Louise Havens Co-Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $426 |
| Dividends & Interest | $3,908,199 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,018,083 |
| Capital Gain Net Income | $13,018,083 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,546 |
| Total Revenue | $16,939,254 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $182,409 |
| Other employee salaries and wages | $145,164 |
| Pension plans, employee benefits | $16,129 |
| Interest | $0 |
| Taxes | $530,938 |
| Depreciation | $0 |
| Occupancy | $72,226 |
| Travel, conferences, and meetings | $48 |
| Printing and publications | $13,098 |
| Other expenses | $47,316 |
| Total operating and administrative expenses | $1,056,096 |
| Contributions, gifts, grants paid | $9,721,619 |
| Total expenses and disbursements | $10,777,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,319,880 |
| 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 | $24,327,840 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,251 |
| Total assets | $204,297,707 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |
Oprah Winfrey Charitable Foundation Los Angeles, CA | $244,908,730 | $15,499,605 |
Reed Family Giving Palo Alto, CA | $0 | $1,785,630 |
Sorenson Legacy Foundation Midvale, UT | $495,708,411 | $38,649,828 |
Perenchio Foundation Pasadena, CA | $23,143,013 | $16,139,490 |
Elbridge Stuart Foundation San Francisco, CA | $0 | $50,927,983 |
Chamberlin Family Foundation Richmond, CA | $3,805,906 | $611,005 |
May And Stanley Smith Charitable Trust Corte Madera, CA | $490,127,774 | $29,599,485 |
Diane And Bruce Halle Foundation Scottsdale, AZ | $130,264 | $31,307,586 |
Cyrus Tang Foundation Las Vegas, NV | $882,448,132 | $23,435,848 |
Scully Memorial Foundation San Rafael, CA | $838,174,417 | $32,779,151 |
Kate B Reynolds Charitable Trust Las Vegas, NV | $458,547,474 | $24,205,244 |