Smith & Waldrop Foundation
- Assets
- $1.6m
- Revenue
- $354.8k
- Investments
- $1.3m
- Employees
- 0
- Location
- Picayune, MS
- Founding
- 04/2002
- Data as of
- 12/2021
- EIN
- 31-1811048
Organization Overview
Smith & Waldrop Foundation is located in Picayune, MS. The organization was established in 2002. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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 & Waldrop 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, Smith & Waldrop Foundation generated $354.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $344.8k during the year ending 12/2021. While expenses have increased by 10.9% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph C Stewart Vice President | 1 | $0 | |
David B Hemeter President | 1 | $0 | |
Byron Stockstill Secretary/treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $418 |
| 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 | $354,429 |
| Total Revenue | $354,847 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $58,165 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $59,787 |
| Contributions, gifts, grants paid | $285,007 |
| Total expenses and disbursements | $344,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,053 |
| 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 | $256,000 |
| Other assets | $0 |
| Total assets | $1,610,453 |
| 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, Smith & Waldrop Foundation has awarded $285,007 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MS FOUNDATION PURPOSE: THE FOUNDATION CONTRIBUTED 75 PERCENT OF THE NET DISTRIBUTIONS FROM THE S CORPORATION STOCK TO THE UNIVERSITY OF MISSISSIPPI TO FUND SCHOLARSHIPS TO STUDENTS AS INSTRUCTED BY FOUNDER OF THE FOUNDATION AND DONOR OF THE STOCK. | $213,755 |
EPISCOPAL DIOCESE OF MS PURPOSE: THE FOUNDATION CONTRIBUTED 25 PERCENT OF THE FOUNDATION'S NET DISTRIBUTIONS FROM THE S CORPORATION STOCK TO THE EPISCOPAL DIOCESE PER THE FOUNDER OF THE FOUNDATION AND DONOR OF THE STOCK. | $71,252 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gayle And Tom Benson Charitablefoundation Metairie, LA | $44,526 | $10,673,881 |
The Oscar J Tolmas Charitable Trust Metairie, LA | $58,086,420 | $4,279,649 |
University Of Arkansas Technology Development Foundation Fayetteville, AR | $18,380,736 | $2,093,754 |
Holle Family Foundation Birmingham, AL | $55,700,431 | $5,149,826 |
Gibson Gives Nashville, TN | $1,089,402 | $2,193,701 |
Hogs For The Cause New Orleans, LA | $5,195,648 | $2,017,897 |
Mississippi Gulf Resort Classic Foundation Inc Diberville, MS | $344,774 | $1,047,972 |
The Heritage Association Of Rogersville Rogersville, TN | $795,472 | $1,116,396 |
Lifeboat Inc Bossier City, LA | $2,647,161 | $2,882,081 |
Germantown Charity Horse Show Inc Germantown, TN | $1,243,470 | $885,175 |
Bogle Family Foundation Bentonville, AR | $10,546,078 | $497,099 |
Galilee Majestic Arms Incorporated Shreveport, LA | $778,064 | $500,820 |