Smikis Foundation
- Assets
- $14.8m
- Revenue
- $1.0m
- Investments
- $14.4m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 06/1993
- Data as of
- 12/2023
- EIN
- 41-1742700
Organization Overview
Smikis Foundation is located in Minneapolis, MN. The organization was established in 1993. 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. Smikis 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 12/2023, Smikis Foundation generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $5.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Smikis Foundation has awarded 363 individual grants totaling $7,526,830. 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 |
|---|---|---|---|
David B Hartwell Director | 0 | $0 | |
Jill Kh Geoffrion Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $32,153 |
| Dividends & Interest | $293,151 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $677,975 |
| Capital Gain Net Income | $677,975 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,209 |
| Total Revenue | $1,018,488 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $37,299 |
| Taxes | $14,077 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $247 |
| Other expenses | $4,849,766 |
| Total operating and administrative expenses | $4,978,112 |
| Contributions, gifts, grants paid | $850,000 |
| Total expenses and disbursements | $5,828,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3 |
| Savings and temporary cash investments | $400,126 |
| 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 | $14,436,966 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,837,095 |
| 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, Smikis Foundation has awarded $850,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
GREAT MN SCHOOLS (MN COMEBACK) PURPOSE: COMMITTED TO IMPROVING EDUCATION, ESPECIALLY FOR LOW-INCOME CHILDREN AND CHILDREN OF COLOR | $130,000 |
AUDUBON MINNESOTA PURPOSE: CONSERVATION | $15,000 |
GLOBAL RIGHTS FOR WOMEN PURPOSE: DEDICATED TO PROMOTING WOMEN'S HUMAN RIGHTS INTERNATIONALLY | $15,000 |
ACES PURPOSE: IMPROVE PUBLIC EDUCATION | $10,000 |
SUMMIT ACADEMY PURPOSE: EDUCATION AND VOCATIONAL TRAINING ECONOMICALLY DEPRESSED NEIGHBORHOODS | $15,000 |
TRUST FOR PUBLIC LAND PURPOSE: LAND CONSERVATION PROGRAM | $25,000 |