William H & Patricia M Smith Foundation
- Assets
- $5.8m
- Revenue
- $255.0k
- Investments
- $5.6m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 12/1995
- Data as of
- 06/2023
- EIN
- 38-3213042
Organization Overview
William H & Patricia M Smith Foundation is located in Louisville, KY. The organization was established in 1995. 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. William H & Patricia M 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 06/2023, William H & Patricia M Smith Foundation generated $255.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (35.4%) each year. All expenses for the organization totaled $444.0k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, William H & Patricia M Smith Foundation has awarded 84 individual grants totaling $996,000. 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 |
|---|---|---|---|
William H Smith Pres / Trustee | 1 | $0 | |
Scott D Smith Trustee | 1 | $0 | |
Wendy A Kubitskey Sec / Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $475 |
| Dividends & Interest | $153,050 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $96,676 |
| Capital Gain Net Income | $96,676 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,807 |
| Total Revenue | $255,008 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,992 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $683 |
| Total operating and administrative expenses | $71,041 |
| Contributions, gifts, grants paid | $373,000 |
| Total expenses and disbursements | $444,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $230,714 |
| 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 | $2,521,176 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,813,471 |
| 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, William H & Patricia M Smith Foundation has awarded $373,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
A BETTER CHICAGO PURPOSE: INVESTS IN THE MOST PROMISING NONPROFITS HELPING CHILDREN ESCAPE POVERTY | $20,000 |
ALLIANCE FOR THE ADVANCEMENT OF INFANT MENTAL HEALTH PURPOSE: PROMOTE AND SUPPORT NUTURING RELATIONSHIPS FOR ALL INFANTS, TODDLERS, YOUNG CHILDREN AND THEIR FAMIL | $5,000 |
ASSOCIATION OF THE LOUISVILLE ORCHESTRA PURPOSE: TO CREATE OPPORTUNITIES FOR YOUTH TO EXCEL IN PERFORMING AND APPRECIATING SYMPHONIC MUSIC | $20,000 |
CARMEL CARES PURPOSE: KEEP CARMEL BEAUTIFUL THROUGH VOLUNTEER MAINTENANCE AND IMPROVEMENT PROJECTS | $6,000 |
CARMEL MUSIC SOCIETY PURPOSE: TO PRESENT CLASSICAL MUSIC PERFORMANCES ON THE MONTEREY PENINSULA AND TO FOSTER THE APPRECIATION OF MUSIC ACROSS THE COMMUNITY. | $5,000 |
CITY SLICKER FARMS PURPOSE: INCREASE WELLNESS AND BUILD COMMUNITY THROUGH EQUITABLE ACCESS TO HEALTHY FOOD, THRIVING GARDENS, AND URBAN GREEN SPACE | $10,000 |