Larry & Elaine Smith Family Foundation Inc
- Assets
- $1.3m
- Revenue
- $103.0k
- Investments
- $1.2m
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 08/2010
- Data as of
- 12/2023
- EIN
- 26-2861138
Organization Overview
Larry & Elaine Smith Family Foundation Inc is located in Boca Raton, FL. The organization was established in 2010. 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. Larry & Elaine Smith Family 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, Larry & Elaine Smith Family Foundation Inc generated $103.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $147.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Larry & Elaine Smith Family Foundation Inc has awarded 107 individual grants totaling $1,163,879. 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 |
|---|---|---|---|
Larry Smith President/secretary/treasu | 2 | $0 | |
Karen Smith Director | 1 | $0 | |
Stephanie Boggs Director | 1 | $0 | |
Rebecca Smith Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $54,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,673 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,299 |
| Capital Gain Net Income | $22,299 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $102,972 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $367 |
| Taxes | $61 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,231 |
| Total operating and administrative expenses | $7,909 |
| Contributions, gifts, grants paid | $139,824 |
| Total expenses and disbursements | $147,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $33,350 |
| 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 | $1,239,657 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,273,007 |
| 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, Larry & Elaine Smith Family Foundation Inc has awarded $139,824 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
LYNN UNIVERSITY PURPOSE: GENERAL SUPPORT | $84,250 |
SUFFOLK UNIVERSITY PURPOSE: EDUCATIONAL PURPOSE | $39,574 |
TEMPLE EMMANUEL PURPOSE: GENERAL SUPPORT | $13,000 |
TUNNEL TO TOWERS FOUNDATION PURPOSE: GENERAL SUPPORT | $1,000 |
HERB KUPERMAN SCHOLARSHIP FUND PURPOSE: GENERAL SUPPORT | $1,000 |
INTERLAKES SUMMER THEATRE PURPOSE: GENERAL SUPPORT | $1,000 |