Smith Walker Foundation
- Assets
- $1.8m
- Revenue
- $209.8k
- Investments
- $1.6m
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 02/1989
- Data as of
- 09/2023
- EIN
- 33-0327308
Organization Overview
Smith Walker Foundation is located in Newport Beach, CA. The organization was established in 1989. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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 Walker 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, Smith Walker Foundation generated $209.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $274.1k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Smith Walker Foundation has awarded 343 individual grants totaling $2,374,100. 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 |
|---|---|---|---|
Walker Smith III Trustee | 1 | $0 | |
Donald Goodrich Trustee | 1 | $0 | |
Alex Royalty Assistant Se | 1 | $0 | |
Kim S Smith Treasurer | 4 | $0 | |
Janet G Gates Secretary | 1 | $0 | |
Nathan C Gates Vice Preside | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,578 |
| Dividends & Interest | $95,935 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $95,996 |
| Capital Gain Net Income | $95,996 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $314 |
| Total Revenue | $209,823 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,625 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,800 |
| Total operating and administrative expenses | $34,062 |
| Contributions, gifts, grants paid | $240,001 |
| Total expenses and disbursements | $274,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,429 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $50,000 |
| 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 | $48,426 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,755,344 |
| 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 Walker Foundation has awarded $240,001 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
ART INSPIRING CHANGE PURPOSE: OPERATING EXPENSE | $5,000 |
AMERICAN CANCER SOCIETY PURPOSE: OPERATING EXPENSE | $5,667 |
BEACH CHAPEL PURPOSE: OPERATING EXPENSE | $5,000 |
BOSTON COLLEGE PURPOSE: OPERATING EXPENSE | $12,000 |
CHAPMAN UNIVERSITY PURPOSE: OPERATING EXPENSE | $5,000 |
EL MONTECITO PRESBYTERIAN CHURCH PURPOSE: OPERATING EXPENSE | $25,000 |