Smith-Stocks-Smith Education & Economic Devlopment Foundation
- Assets
- $369.1k
- Revenue
- $46.0k
- Investments
- $306.5k
- Employees
- 0
- Location
- Springfield, IL
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 37-6356902
Organization Overview
Smith-Stocks-Smith Education & Economic Devlopment Foundation is located in Springfield, IL. The organization was established in 2015. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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-Stocks-Smith Education & Economic Devlopment 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 12/2021, Smith-Stocks-Smith Education & Economic Devlopment Foundation generated $46.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $29.4k during the year ending 12/2021. While expenses have increased by 5.9% per year over the past 6 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE URBAN ACTION NETWORK (UACT)SPURS REVITALIZATION IN SPRINGFIELD'S URBAN CORE BY ADVANCING AND SUPPORTING COMMUNITY AND ECONOMIC DEVELOPMENT STRATEGIES AND INITIATIVES. UACT IS THE PRIMARY INITIATIVE OF THE SMITH/STOCKS-SMITH FAMILY FOUNDATION, A TAX-EXEMPT 501(C)3 PRIVATE OPERATING FOUNDATION. SHEILA STOCKS-SMITH IS THE MANAGING TRUSTEE OF THE FOUNDATION AND PRESIDENT OF UACT WITH FULL RESPONSIBILITY TO DIRECT THE DAY-TO- DAY OPERATIONS OF THE FOUNDATION AND ITS INITIATIVES. TRUSTESS INCLUDE LAWRENCE J. SMITH, M.D., SHEILA STOCKS- SMITH, JUSTIN STOCKS-SMITH AND LAUREN STOCKS-SMITH. TRUSTEES HAVE FULL DISCRETION OVER FOUNDATION ACTIVITIES. UACT PROVIDES IN-KIND, HANDS-ON PROJECT MANAGEMENT ASSISTANCE TO DESIGN, DEVELOP, EXECUTE AND SUSTAIN COMMUNITY-BASED PROJECTS AND ACTIVITIES. WE PROVIDE TOOLS, RESOURCES AND CONNECTIONS TO HELP LOCAL ACTIVISTS AND ORGANIZATIONS REALIZE THEIR GOALS.
REAP (RESIDENT ENGAGEMENT AND ACTION PROJECT): REAP SEEKS TO FOSTER CONCRETE NEIGHBORHOOD-LEVEL IMPROVEMENT IN EAST SPRINGFIELD FIRST BY CREATING A COLLECTIVE VISION AMONG RESIDENTS FOR POSITIVE CHANGE FOLLOWED BY THE IMPLEMENTATION OF RESIDENT-GENERATED AND RESIDENT-LED COMMUNITY-BUILDING STRATEGIES AND ACTIONS.
NEIGHBORHOOD OUTREACH WORKERS: THE URBAN ACTION NETWORK'S SMART NEIGHBORHOOD CAMPAIGN, THROUGH ITS NEIGHBORHOOD OUTREACH WORKERS, SEEK TO INCREASE AWARENESS OF PEOPLE IN THE HARDEST HIT AREAS OF POVERTY IN SPRINGFIELD REGARDING IMPORTANT COMMUNITY RESOURCES. THE SMART NEIGHBORHOODS CAMPAIGN IS DESIGNED TO INCREASE ACCESS TO IMPORTANT COMMUNITY INFORMATION BY UNDERSERVED POPULATIONS. UACT'S NEIGHBORHOOD OUTREACH WORKERS WILL ASSIST COMMUNITY RESOURCE PARTNERS BY DISSEMINATING IMPORTANT INFORMATION TO OR OBTAINING FEEDBACK FROM TARGETED UNDERSERVED POPULATIONS IN SMALL TARGETED OUTREACH "CAMPAIGNS".
SUSTAIN SPRINGFIELD GREEN MAP: THE SUSTAIN SPRINGFIELD GREEN MAP IS A USER-FRIENDLY, GIS-BASED, ONLINE RESOURCE THAT GUIDES RESIDENTS, VISITORS, ORGANIZATIONS AND BUSINESSSES TO SUSTAINABLE OR ENVIRONMENTALLY-FRIENDLY SERVICES, SITES, AND AMENITIES. THE MAP PROJECT IS A PARTNERSHIP BETWEEN UACT, LINCOLN LAND COMMUNITY COLLEGE GREEN CENTER AND LLCC GEOGRAPHY DIVISION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Stocks-Smith Trustee | 0 | $0 | |
Justin Stocks-Smith Trustee | 0 | $0 | |
Lawrence J Smith Trustee | 0 | $0 | |
Lauren Stocks-Smith Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,650 |
| Interest on Savings | $4,335 |
| Dividends & Interest | $4,627 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,369 |
| Capital Gain Net Income | $9,581 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,981 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $205 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,962 |
| Total operating and administrative expenses | $29,370 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $29,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,539 |
| Savings and temporary cash investments | $25,000 |
| 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 | $137,490 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $369,081 |
| 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 |
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