Smith-Pierce Foundation For Youth And Education
- Assets
- $637.4k
- Revenue
- $6.5k
- Investments
- $457.6k
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 05/2011
- Data as of
- 12/2022
- EIN
- 27-3531360
Organization Overview
Smith-Pierce Foundation For Youth And Education is located in Albuquerque, NM. The organization was established in 2011. 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. Smith-Pierce Foundation For Youth And Education 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-Pierce Foundation For Youth And Education generated $6.5k 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 (35.7%) each year. All expenses for the organization totaled $8.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Pierce Chairman/vp | 0 | $0 | |
Kevin D Pierce Dir/pres | 0 | $0 | |
Susan B Smith-Pierce Dir/sec | 0 | $0 | |
Amy Pierce Dir/treas | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $96 |
| Dividends & Interest | $9,697 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,302 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $707 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,491 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2 |
| Taxes | $163 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10 |
| Total operating and administrative expenses | $5,800 |
| Contributions, gifts, grants paid | $3,000 |
| Total expenses and disbursements | $8,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,454 |
| Savings and temporary cash investments | $120,298 |
| 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 | $457,619 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $637,371 |
| 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 | $136 |
| Total liabilities | $136 |
Grants Awarded
Over the last fiscal year, Smith-Pierce Foundation For Youth And Education has awarded $77,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S GRIEF CENTER OF NM INC PURPOSE: YOUTH AND EDUCATION | $20,000 |
ALBUQUERQUE ACADEMY PURPOSE: YOUTH AND EDUCATION | $50,000 |
WESLEY KIDS PURPOSE: YOUTH AND EDUCATION | $5,000 |
MENAUL SCHOOL PURPOSE: YOUTH AND EDUCATION | $500 |
MENAUL SCHOOL PURPOSE: YOUTH AND EDUCATION | $2,000 |