Larry & Victoria Smith Foundation Ltd
- Assets
- $734.5k
- Revenue
- $265.0
- Investments
- $653.6k
- Employees
- 0
- Location
- Lincolnshire, IL
- Founding
- 04/1994
- Data as of
- 12/2022
- EIN
- 36-3930242
Organization Overview
Larry & Victoria Smith Foundation Ltd is located in Lincolnshire, IL. The organization was established in 1994. 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. Larry & Victoria Smith Foundation Ltd 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, Larry & Victoria Smith Foundation Ltd generated $265.0 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 (52.2%) each year. All expenses for the organization totaled $100.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Larry & Victoria Smith Foundation Ltd has awarded 62 individual grants totaling $669,222. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry A Smith Director | 1 | $0 | |
Victoria C Smith Director | 1 | $0 | |
Jeffery L Mowery Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $21,305 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$21,043 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $265 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $400 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,794 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,566 |
| Contributions, gifts, grants paid | $94,055 |
| Total expenses and disbursements | $100,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,821 |
| 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 | $653,648 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $734,469 |
| 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, Larry & Victoria Smith Foundation Ltd has awarded $94,055 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
MISCELLANEOUS GRANTS UNDER 1000 PURPOSE: GENERAL CHARITABLE GIFT | $5,141 |
SCHOLARLEADERS INTERNATIONAL PURPOSE: GENERAL CHARITABLE GIFT | $15,000 |
INSTITUTE FOR RELIGION CULTURE & PUBLIC LIFE PURPOSE: GENERAL CHARITABLE GIFT | $25,000 |
YOUTH WITH A MISSION PURPOSE: GENERAL CHARITABLE GIFT | $14,500 |
LA SALLE STREET CHURCH PURPOSE: GENERAL CHARITABLE GIFT | $3,000 |
UNITED WORLD MISSION PURPOSE: GENERAL CHARITABLE GIFT | $2,000 |