The Lester And Sue Smith Foundation
- Assets
- $129.6k
- Revenue
- $10.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 11/2003
- Data as of
- 12/2021
- EIN
- 27-0040023
Organization Overview
The Lester And Sue Smith Foundation is located in Houston, TX. The organization was established in 2003. 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. Lester And Sue 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 12/2021, Lester And Sue Smith Foundation generated $10.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $10.1m during the year ending 12/2021. While expenses have increased by 17.4% 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.
Since 2020, Lester And Sue Smith Foundation has awarded 27 individual grants totaling $138,200,000. 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 |
|---|---|---|---|
Sue A Smith Pres/trustee | 1 | $0 | |
Stuart M Smith Trustee | 1 | $0 | |
Michelle S Hendry Trustee | 1 | $0 | |
Karla Neal Secretary | 1 | $0 | |
Karen Collier Asst Secreta | 1 | $0 | |
Jill Mcdonald Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,075,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25,204 |
| Total Revenue | $10,100,204 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $2,755 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,000 |
| Total operating and administrative expenses | $8,161 |
| Contributions, gifts, grants paid | $10,075,000 |
| Total expenses and disbursements | $10,083,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,885 |
| Savings and temporary cash investments | $0 |
| 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 | $30,673 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $129,558 |
| 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, The Lester And Sue Smith Foundation has awarded $64,850,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS CHILDREN'S HOSPITAL PURPOSE: CHILDREN'S HOSPITAL | $42,000,000 |
HARRIS COUNTY HOSP DIST FOUNDATION PURPOSE: HEALTH SERVICES | $8,000,000 |
Houston, TX PURPOSE: BREAST CANCER RESEARCH & LUNG CENTER | $4,350,000 |
TEXAS CHILDREN'S HOSPITAL PURPOSE: CHILDREN'S HOSPITAL | $3,000,000 |
Houston, TX PURPOSE: HOLOCAUST REMEMBRANCE AND EDUCATION | $2,250,000 |
HARRIS COUNTY HOSP DIST FOUNDATION PURPOSE: HEALTH SERVICES | $2,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
Ting Tsung And Wei Fong Chao Foundation Houston, TX | $26,401,006 | $21,447,473 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |
Impetus Foundation San Antonio, TX | $248,495,187 | $85,291,192 |
Builders Initiative Bentonville, AR | $992,945,696 | $530,265,880 |
Centerpoint Energy Foundation Inc Houston, TX | $70,813,659 | $24,292,942 |
The Cullen Foundation Houston, TX | $278,005,765 | $19,628,625 |