Phillip Smith Foundation
- Assets
- $973.1k
- Revenue
- $26.1k
- Investments
- $945.4k
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 08/1996
- Data as of
- 12/2022
- EIN
- 31-1469256
Organization Overview
Phillip Smith Foundation is located in Cincinnati, OH. The organization was established in 1996. 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. Phillip 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 12/2022, Phillip Smith Foundation generated $26.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $45.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Phillip Smith Foundation has awarded 71 individual grants totaling $383,300. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $628 |
| Dividends & Interest | $13,199 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,308 |
| Capital Gain Net Income | $1,424 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,135 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $243 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,843 |
| Contributions, gifts, grants paid | $43,250 |
| Total expenses and disbursements | $45,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,462 |
| Savings and temporary cash investments | $26,200 |
| 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 | $973,063 |
| 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, Phillip Smith Foundation has awarded $43,250 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
RONALD MCDONALD HOUSE PURPOSE: KIDS IN NEED | $20,000 |
CINCINNATI DREAMS COME TRUE PURPOSE: KIDS IN NEED | $5,000 |
NEEDIEST KIDS OF ALL PURPOSE: KIDS IN NEED | $2,000 |
PROKIDS PURPOSE: KIDS IN NEED | $1,500 |
JEWISH FAMILY SERVICES PURPOSE: KIDS IN NEED | $5,000 |
BIG BROTHERS BIG SISTERS PURPOSE: KIDS IN NEED | $4,000 |