Arthur W Smith & Audrey Smith Foundation
- Assets
- $882.0k
- Revenue
- $19.0k
- Investments
- $855.5k
- Employees
- 0
- Location
- Clear Lake, IA
- Founding
- 01/1995
- Data as of
- 12/2021
- EIN
- 42-1411511
Organization Overview
Arthur W Smith & Audrey Smith Foundation is located in Clear Lake, IA. The organization was established in 1995. According to its NTEE Classification (T30) the organization is classified as: Public 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. Arthur W Smith & Audrey 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 12/2021, Arthur W Smith & Audrey Smith Foundation generated $19.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $60.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Arthur W Smith & Audrey Smith Foundation has awarded 48 individual grants totaling $273,551. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DISTRIBUTED FUNDS TO TEN (10) AREA ORGANIZATIONS THAT SERVE THE GENERAL PUBLIC IN AND AROUND THE COMMUNITY OF EMMETSBURG, IOWA.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $18,997 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $114,336 |
| Net ST Capital Gain | $7,006 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,003 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,493 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $401 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,689 |
| Contributions, gifts, grants paid | $51,022 |
| Total expenses and disbursements | $60,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,472 |
| 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 | $581,110 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $882,001 |
| 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, Arthur W Smith & Audrey Smith Foundation has awarded $51,022 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
PALO ALTO COUNCIL ON AGING PURPOSE: MULTI PURPOSE SENIOR CENTER | $18,000 |
EMMETSBURG COMMUNITY SCHOOL ED FDN PURPOSE: EDUCATION - SCHOLARSHIPS | $8,000 |
FIVE ISLAND BIKE TRAIL PURPOSE: RECREATIONALTRAILS | $8,000 |
PALO ALTO GUN CLUB PURPOSE: YOUTH PROGRAM | $3,990 |
Emmetsburg, IA PURPOSE: PROGRAM SUPPORT | $3,388 |
Emmetsburg, IA PURPOSE: GENERAL SUPPORT | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vela Education Fund Glencoe, IL | $4,855,969 | $13,247,569 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Coxhealth Foundation Springfield, MO | $33,244,463 | $11,374,415 |
Bass Pro Shops & Cabelas Outdoor Fund Springfield, MO | $14,575,213 | $9,618,697 |
Community Foundation For The Land Of Lincoln Inc Springfield, IL | $62,800,465 | $16,636,147 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Chicago Cubs Charities Chicago, IL | $11,765,252 | $2,315,259 |
Delta Dental Of Illinois Foundation Naperville, IL | $25,024,389 | $3,455,775 |
Hope Gospel Mission Inc Eau Claire, WI | $10,860,307 | $6,194,588 |
Chicago Scholarship Fund Inc Chicago, IL | $0 | $5,200,805 |
Mercy Health Corporation Rockford, IL | $1,246,524,503 | $10,286,365 |
Columbia St Marys Foundation Inc St Louis, MO | $44,777,038 | $4,064,504 |