Clemens J Smith Charitable Foundation Inc
- Assets
- $70.8k
- Revenue
- $22.6k
- Investments
- $47.9k
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 02/1960
- Data as of
- 12/2022
- EIN
- 42-6056210
Organization Overview
Clemens J Smith Charitable Foundation Inc is located in Des Moines, IA. The organization was established in 1960. 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. Clemens J Smith Charitable 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 12/2022, Clemens J Smith Charitable Foundation Inc generated $22.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $42.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Clemens J Smith Charitable Foundation Inc has awarded 34 individual grants totaling $143,315. 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 |
|---|---|---|---|
Ramona Smith Gates President | 0 | $0 | |
Mark C Smith Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $55 |
| Dividends & Interest | $3,271 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,268 |
| Capital Gain Net Income | $19,268 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,594 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $383 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,733 |
| Contributions, gifts, grants paid | $41,100 |
| Total expenses and disbursements | $42,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,974 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $70,834 |
| 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, Clemens J Smith Charitable Foundation Inc has awarded $41,100 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF NOTRE DAME PURPOSE: EDUCATIONAL | $22,500 |
DRAKE UNIVERSITY PURPOSE: EDUCATIONAL | $500 |
OUR LADY OF GREENWOOD PURPOSE: EDUCATIONAL | $2,500 |
DES MOINES PERFORMING ARTS PURPOSE: ARTS | $4,000 |
DES MOINES COMMUNITY PLAYHOUSE PURPOSE: ARTS | $10,000 |
SACRED HEART CHURCH PURPOSE: CHURCH | $1,500 |