Smith Family Foundation Inc
- Assets
- $4.4m
- Revenue
- $165.7k
- Investments
- $4.4m
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- Data as of
- 12/2022
- EIN
- 32-0637996
Organization Overview
Smith Family Foundation Inc is located in Princeton, NJ. 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 Family Foundation Inc 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 Family Foundation Inc generated $165.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $259.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Smith Family Foundation Inc has awarded 39 individual grants totaling $469,500. 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 |
|---|---|---|---|
Donald V Smith President | 8 | $0 | |
Maureen Smith Secretary | 4 | $0 | |
Colleen Smith Vice President | 4 | $0 | |
Meghan Harrison Vice President | 4 | $0 | |
Brian Smith Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $155 |
| Dividends & Interest | $135,699 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,047 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $33,894 |
| Total Revenue | $165,701 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,876 |
| Total operating and administrative expenses | $28,844 |
| Contributions, gifts, grants paid | $230,500 |
| Total expenses and disbursements | $259,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,997 |
| 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 | $4,376,593 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,392,590 |
| 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 Family Foundation Inc has awarded $230,500 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
PRINCETON DAY SCHOOL PURPOSE: FOR CHARITABLE PURPOSE | $20,000 |
GREENE TOWNE MONTESSORI SCHOOL PURPOSE: FOR CHARITABLE PURPOSE | $500 |
COMMUNITY FOUNDATION OF NJ PURPOSE: FOR CHARITABLE PURPOSE | $95,000 |
BUSINESS EXECUTIVES FOR SECURITY PURPOSE: FOR CHARITABLE PURPOSE | $15,500 |
TRUSTEES OF THE LAWRENCEVILLE SCHOO PURPOSE: FOR CHARITABLE PURPOSE | $6,500 |
BUCKNELL UNIVERSITY PURPOSE: FOR CHARITABLE PURPOSE | $3,500 |