Freda B & William H Smith Trust
- Assets
- $297.9k
- Revenue
- $26.6k
- Investments
- $35.1k
- Employees
- 0
- Location
- Conrad, IA
- Founding
- 03/1992
- Data as of
- 12/2023
- EIN
- 42-6478959
Organization Overview
Freda B & William H Smith Trust is located in Conrad, IA. The organization was established in 1992. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Freda B & William H Smith Trust 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, Freda B & William H Smith Trust generated $26.6k 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 (4.4%) each year. All expenses for the organization totaled $102.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Freda B & William H Smith Trust has awarded 177 individual grants totaling $251,725. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS FOR STUDENTS GRADUATING FROM BCLUW HIGH SCHOOL
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $750 |
| Interest on Savings | $1,409 |
| Dividends & Interest | $5,196 |
| Net Rental Income | $26,957 |
| Net Gain on Sale of Assets | -$14,868 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,600 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,341 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,493 |
| Depreciation | $640 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,691 |
| Total operating and administrative expenses | $29,047 |
| Contributions, gifts, grants paid | $73,500 |
| Total expenses and disbursements | $102,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25 |
| Savings and temporary cash investments | $46,119 |
| 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 | $216,719 |
| Investments—mortgage loans | $0 |
| Investments—other | $35,082 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $297,945 |
| 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, Freda B & William H Smith Trust has awarded $73,500 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BACKOFF BROOKLYN PURPOSE: SCHOLARSHIP FOR POST HIGH SCHOOL EDUCATION | $3,737 |
BERGMAN CAMERON PURPOSE: SCHOLARSHIP FOR POST HIGH SCHOOL EDUCATION | $4,983 |
BISHOP KELLEN PURPOSE: SCHOLARSHIP FOR POST HIGH SCHOOL EDUCATION | $4,983 |
CROSS MCKENNA PURPOSE: SCHOLARSHIP FOR POST HIGH SCHOOL EDUCATION | $4,983 |
GEELHART JACOB PURPOSE: SCHOLARSHIP FOR POST HIGH SCHOOL EDUCATION | $4,983 |
GRAFKE NOELLA PURPOSE: SCHOLARSHIP FOR POST HIGH SCHOOL EDUCATION | $4,983 |