Smith Foundation Inc
- Assets
- $488.7k
- Revenue
- $7.7k
- Investments
- $461.7k
- Employees
- 0
- Location
- Woodbury, MN
- Founding
- 09/1946
- Data as of
- 03/2024
- EIN
- 41-6021792
Organization Overview
Smith Foundation Inc is located in Woodbury, MN. The organization was established in 1946. 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. Smith Foundation Inc 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 03/2024, Smith Foundation Inc generated $7.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (21.2%) each year. All expenses for the organization totaled $36.7k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Smith Foundation Inc has awarded 53 individual grants totaling $249,555. 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 |
|---|---|---|---|
Erik Hanson Director | 0 | $0 | |
Peter Geier Director | 0 | $0 | |
Margee Wheeler President | 0 | $0 | |
Steve Sigmond Director | 0 | $0 | |
Donna Hanson Vice President | 0 | $0 | |
Michael Johnson Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $373 |
| Dividends & Interest | $7,292 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,665 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $77 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $321 |
| Total operating and administrative expenses | $1,198 |
| Contributions, gifts, grants paid | $35,500 |
| Total expenses and disbursements | $36,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,058 |
| 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 | $461,668 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $488,726 |
| 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, Smith Foundation Inc has awarded $35,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
OPPORTUNITY NEIGHBORHOOD PURPOSE: FUND EARLY CHILDHOOD EDUCATION PROGRAMS | $4,000 |
KAUAI ACADEMY OF ARTS PURPOSE: SCHOLARSHIPS | $5,000 |
FREDRICK CHOPIN SOCIETY PURPOSE: SUPPORT FOR MUSIC IN THE TWIN CITIES | $5,000 |
GREAT RIVER FOUNDATION PURPOSE: ROBOTICS | $9,500 |
MINUTEBOTS FRC PURPOSE: ROBOTICS FRC CHALLENGE | $5,000 |
GENDER JUSTICE PURPOSE: COMMUNITY EDUCATION | $5,000 |