Louise K Smith Foundation
- Assets
- $707.9k
- Revenue
- $54.7k
- Investments
- $669.8k
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/2005
- Data as of
- 12/2022
- EIN
- 34-7183475
Organization Overview
Louise K Smith Foundation is located in New York, NY. The organization was established in 2005. 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. Louise K 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, Louise K Smith Foundation generated $54.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $117.0k during the year ending 12/2022. While expenses have increased by 5.8% per year over the past 7 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.
Since 2016, Louise K Smith Foundation has awarded 380 individual grants totaling $500,829. 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 | $2,755 |
| Dividends & Interest | $34,371 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,325 |
| Capital Gain Net Income | $17,325 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $280 |
| Total Revenue | $54,731 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $913 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,532 |
| Total operating and administrative expenses | $10,945 |
| Contributions, gifts, grants paid | $106,005 |
| Total expenses and disbursements | $116,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,953 |
| Savings and temporary cash investments | $19,089 |
| 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 | $707,863 |
| 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, Louise K Smith Foundation has awarded $106,005 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
AMNESTY INTERNATIONAL PURPOSE: GENERAL | $100 |
AMERICAN CIVIL LIBERTIES UNION PURPOSE: GENERAL | $100 |
ANTIQUARIAN SOCIETY PURPOSE: GENERAL | $200 |
ASSN CHAMBER MUSIC PLAYERS PURPOSE: GENERAL | $1,500 |
CEDILLE CHICAGO PURPOSE: GENERAL | $500 |
CAIC PURPOSE: GENERAL | $500 |