Maynard L Smith Endowment Tr
- Assets
- $1.4m
- Revenue
- $39.2k
- Investments
- $1.3m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 07/2006
- Data as of
- 12/2023
- EIN
- 34-7199063
Organization Overview
Maynard L Smith Endowment Tr is located in Pittsburgh, PA. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maynard L Smith Endowment Tr 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, Maynard L Smith Endowment Tr generated $39.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $102.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Maynard L Smith Endowment Tr has awarded 14 individual grants totaling $600,866. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FURTHER THE HIGHER EDUCATIONAL ACTIVITIES OF SAGINAW VALLEY STATE UNIVERSITY AND DELTA COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pnc Bank Na Trustee | 4 | $18,685 | |
Diane C Smith Trustee | 1 | $2,100 | |
Mary Abigail Briggs Trustee | 1 | $4,200 | |
Anne M Unger Trstee | 1 | $1,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $39,856 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,334 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $660 |
| Total Revenue | $39,182 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,385 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,416 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36 |
| Total operating and administrative expenses | $27,837 |
| Contributions, gifts, grants paid | $74,780 |
| Total expenses and disbursements | $102,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $56,024 |
| 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 | $1,329,517 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,100 |
| Total assets | $1,386,641 |
| 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, Maynard L Smith Endowment Tr has awarded $74,780 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DELTA COLLEGE FOUNDATION PURPOSE: EDUCATIONAL-FUND COLLEGE | $47,111 |
SVSU FOUNDATIONI PURPOSE: EDUCATIONAL -FUND COLLEGE | $27,669 |