Matthew And Tracy Smith Foundation
- Assets
- $2.4m
- Revenue
- $85.6k
- Investments
- $2.4m
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 01/2011
- Data as of
- 09/2023
- EIN
- 27-6974020
Organization Overview
Matthew And Tracy Smith Foundation is located in Boca Raton, FL. 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. Matthew And Tracy 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 09/2023, Matthew And Tracy Smith Foundation generated $85.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $568.9k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Matthew And Tracy Smith Foundation has awarded 86 individual grants totaling $2,498,851. 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 |
|---|---|---|---|
Matthew Smith Trustee | 5 | $0 | |
Tracy Smith Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $55,074 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,521 |
| Capital Gain Net Income | $30,521 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $85,595 |
| 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 | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,726 |
| Contributions, gifts, grants paid | $558,167 |
| Total expenses and disbursements | $568,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,094 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,417,041 |
| 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, Matthew And Tracy Smith Foundation has awarded $558,167 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
LOGGERHEAD MARINELIFE CENTER INC PURPOSE: GENERAL PURPOSE | $5,000 |
REGENTS OF THE UNIVERSITY OF MICHIGAN PURPOSE: GENERAL PURPOSE | $150,000 |
THE SOCIETY OF THE FOUR ARTS INC PURPOSE: GENERAL PURPOSE | $10,000 |
OXBRIDGE ACADEMY OF THE PALM BEACHES PURPOSE: GENERAL PURPOSE | $3,000 |
WEST PALM BEACH LIBRARY FOUNDATION INC PURPOSE: GENERAL PURPOSE | $16,667 |
UC SAN DIEGO FOUNDATION PURPOSE: GENERAL PURPOSE | $12,500 |