Freda B & William H Smith Trust
- Assets
- $382.4k
- Revenue
- $35.4k
- Investments
- $128.7k
- Employees
- 0
- Location
- Conrad, IA
- Founding
- 03/1992
- Data as of
- 12/2021
- 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 12/2021, Freda B & William H Smith Trust generated $35.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $36.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Freda B & William H Smith Trust has awarded 144 individual grants totaling $152,425. 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
PROVIDE SCHOLARSHIPS FOR STUDENTS GRADUATING FROM BCLUW HIGH SCHOOL
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18 |
| Dividends & Interest | $3,639 |
| Net Rental Income | $26,387 |
| Net Gain on Sale of Assets | $155 |
| Capital Gain Net Income | $155 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $566 |
| Total Revenue | $35,375 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,173 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,784 |
| Depreciation | $640 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $340 |
| Total operating and administrative expenses | $9,930 |
| Contributions, gifts, grants paid | $27,000 |
| Total expenses and disbursements | $36,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,680 |
| Savings and temporary cash investments | $0 |
| 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 | $217,998 |
| Investments—mortgage loans | $0 |
| Investments—other | $128,730 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $382,408 |
| Accounts payable and accrued expenses | $7,177 |
| 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 | $7,177 |
Grants Awarded
Over the last fiscal year, Freda B & William H Smith Trust has awarded $27,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ELIZABETH GARBER PURPOSE: SCHOLARSHIP FOR POST-HIGH SCHOOL EDUCATION | $2,000 |
ABAGAIL BUSCH PURPOSE: SCHOLARSHIP FOR POST-HIGH SCHOOL EDUCATION | $2,000 |
DILLION JACOBSON PURPOSE: SCHOLARSHIP FOR POST-HIGH SCHOOL EDUCATION | $2,000 |
EMMA HOVELAND PURPOSE: SCHOLARSHIP FOR POST-HIGH SCHOOL EDUCATION | $2,000 |
ABIGAL FRANK PURPOSE: SCHOLARSHIP FOR POST-HIGH SCHOOL EDUCATION | $2,000 |
CARSON HOFFMAN PURPOSE: SCHOLARSHIP FOR POST-HIGH SCHOOL EDUCATION | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Src Benefit Programs Trust Springfield, MO | $118,089 | $9,937,850 |
Woodbourne Charitable Trust Plymouth, MN | $1,142,964 | $10,020,932 |
Audrey E & Donald L Hutt Tr 283 Chicago, IL | $19,533,735 | $12,080,033 |
James M Stanton Foundation Bloomington, MN | $29,105,685 | $38,323,984 |
Lawyers Trust Fund Of Illinois Chicago, IL | $23,693,587 | $13,676,265 |
Cokato Charitable Trust Cokato, MN | $9,103,416 | $8,785,306 |
William H Miner Foundation Chicago, IL | $135,785,081 | $12,025,973 |
Frederick Henry Prince Testamentary Trust Chicago, IL | $125,717,434 | $17,884,796 |
Bluhm Family Charitable Foundation Chicago, IL | $0 | $104,878 |
Willard J And Alice C Corbett Char Tr Chicago, IL | $0 | $307,254 |
Ferdinand A & Agnes M Bower Charitable Trust Chicago, IL | $0 | $555,207 |
Jay And Rose Phillips Family Foundation Of Minnesota Minneapolis, MN | $65,545,808 | $6,097,586 |