Smith & Waldrop Foundation
- Assets
- $1.4m
- Revenue
- $431.7k
- Investments
- $1.3m
- Employees
- 0
- Location
- Picayune, MS
- Founding
- 04/2002
- Data as of
- 12/2023
- 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 12/2023, Smith & Waldrop Foundation generated $431.7k 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 $637.6k during the year ending 12/2023. 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 |
|---|---|---|---|
David B Hemeter President | 1 | $0 | |
Joseph C Stewart Vice President | 1 | $0 | |
Byron Stockstill Secretary/treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $953 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $86,000 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $344,719 |
| Total Revenue | $431,672 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $72,337 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $73,998 |
| Contributions, gifts, grants paid | $563,568 |
| Total expenses and disbursements | $637,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $65,106 |
| 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 | $1,394,506 |
| 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 $563,568 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
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. | $140,892 |
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. | $422,676 |