L B Smith Estate Foundation Inc
- Assets
- $7.2m
- Revenue
- $445.1k
- Investments
- $4.2m
- Employees
- 0
- Location
- Camp Hill, PA
- Founding
- 01/1973
- Data as of
- 12/2021
- EIN
- 23-7245421
Organization Overview
L B Smith Estate Foundation Inc is located in Camp Hill, PA. The organization was established in 1973. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. L B Smith Estate 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 12/2021, L B Smith Estate Foundation Inc generated $445.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $361.4k during the year ending 12/2021. While expenses have increased by 8.8% 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 2015, L B Smith Estate Foundation Inc has awarded 57 individual grants totaling $1,603,060. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE GRANTS TO ORGANIZATIONS FOR CULTURAL, MEDICAL AND EDUCATIONAL ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
L.B. SMITH ESTATE FOUNDATION WAS FORMED TO SUPPORT CULTURAL, EDUCATIONAL AND MEDICAL PROGRAMS. SUPPORT IS GIVEN TO ASSIST IN PROVIDING CULTURAL PROGRAMS TO THE GENERAL PUBLIC. FINANCIAL SUPPORT IS PROVIDED FOR EDUCATIONAL PROGRAMS AT SCHOOLS AND COLLEGES AS WELL AS FINANCIAL ASSISTANCE TO EDUCATIONAL ORGANIZATIONS. MEDICAL ORGANIZATIONS ARE PROVIDED WITH ASSISTANCE IN THEIR ENDEAVORS TO ALLEVIATE ILLNESS THROUGH RESEARCH, BUILDING PROGRAMS AND THROUGH THEIR NORMAL OPERATIONAL PROGRAMS. CHARITABLE ORGANIZATIONS ARE ALSO GRANTED FUNDS IN SUPPORT OF THEIR GENERAL CHARITABLE PURPOSES. IN SELECTING ORGANIZATIONS TO RECEIVE GRANTS FOR CULTURAL, EDUCATIONAL, MEDICAL AND CHARITABLE PURPOSES, THE BOARD CONSIDERS RECOMMENDATIONS FROM CONTRIBUTORS AND IN ITS DISCRETION MAY DISTRIBUTE THE CONTRIBUTED AMOUNT TO THE RECOMMENDED ORGANIZATION ALONG WITH A MATCHING AMOUNT FROM THE FOUNDATION'S FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dallas Zulli Executive Vice President | OfficerTrustee | 0.5 | $0 |
Richard E Jordan II Vice President | Officer | 0.5 | $0 |
James W Galloway III Assistant Secretary | OfficerTrustee | 0.5 | $0 |
Timothy P Hanlon Vice President | Officer | 0.5 | $0 |
Spencer G Nauman Jr Vice President | Officer | 0.5 | $0 |
Homer S Hetrick Vice President | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $258,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $258,900 |
| Total Program Service Revenue | $0 |
| Investment income | $42,350 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $143,805 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $445,055 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $340,430 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,739 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $324 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $220 |
| Total functional expenses | $361,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $250,010 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,756,348 |
| Investments—other securities | $4,217,444 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,223,802 |
| Accounts payable and accrued expenses | $163,279 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,000 |
| Total liabilities | $168,279 |
| Net assets without donor restrictions | $7,055,523 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,223,802 |
Grants Awarded
Over the last fiscal year, L B Smith Estate Foundation Inc has awarded $293,072 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Mechanicsburg, PA PURPOSE: GENERAL SUPPORT | $149,900 |
West Nyack, NY PURPOSE: GENERAL SUPPORT | $96,627 |
Williamsport, PA PURPOSE: GENERAL SUPPORT | $24,461 |
Harrisburg, PA PURPOSE: GENERAL SUPPORT | $9,084 |
Camp Hill, PA PURPOSE: GENERAL SUPPORT | $7,000 |
Elizabethtown, PA PURPOSE: GENERAL SUPPORT | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that L B Smith Estate Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Afr Foundation Inc Lemoyne, PA PURPOSE: EXEMPT DONATION 501C3 | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Minority Supplier Development Council Inc New York, NY | $14,151,024 | $19,123,388 |
All Stars Project Inc New York, NY | $22,721,562 | $11,310,796 |
Neighborhood Trust Financial Partners Inc New York, NY | $10,875,094 | $7,150,796 |
African Services Committee Inc New York, NY | $2,169,110 | $5,702,295 |
Urban Arts Partnership New York, NY | $4,790,105 | $5,921,037 |
Artpark & Company Inc Lewiston, NY | $3,327,523 | $5,321,157 |
Education Through Music Inc New York, NY | $3,082,173 | $4,504,496 |
City Access New York Staten Island, NY | $3,686,366 | $4,897,308 |
Mission West Virginia Hurricane, WV | $896,692 | $3,486,347 |
American Friends Of Yagdil Torah Inc Lakewood, NJ | $434,654 | $3,850,627 |
International Society Of Aesthetic Plastic Surgery Mount Royal, NJ | $7,345,668 | $3,633,051 |
Greater Pittsburgh Arts Council Pittsburgh, PA | $2,524,492 | $2,281,290 |