Wayman F Smith Iii Scholarship Foundation
- Assets
- $160.2k
- Revenue
- $6.3k
- Investments
- $155.1k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 07/2003
- Data as of
- 12/2021
- EIN
- 43-6864098
Organization Overview
Wayman F Smith Iii Scholarship Foundation is located in Milwaukee, WI. The organization was established in 2003. 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. Wayman F Smith Iii Scholarship 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, Wayman F Smith Iii Scholarship Foundation generated $6.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 25.2% each year . All expenses for the organization totaled $11.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kymberly Smith Jackson Co-Trustee | 0 | $0 | |
Wayman F Smith III Co-Trustee | 0 | $0 | |
Michael W Noble Co-Trustee | 0 | $0 | |
Us Bank N A Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,983 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,299 |
| Capital Gain Net Income | $1,299 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,282 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $53 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,271 |
| Contributions, gifts, grants paid | $7,121 |
| Total expenses and disbursements | $11,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133 |
| Savings and temporary cash investments | $4,860 |
| 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 | $11,086 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $80 |
| Total assets | $160,186 |
| 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, Wayman F Smith Iii Scholarship Foundation has awarded $7,121 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOWARD UNIVERSITY DEVELOPMENT & ALUMNI PURPOSE: SCHOLARSHIPS | $6,121 |
HARRIS-STOWE FOUNDATION INC PURPOSE: GENERAL OPERATING | $1,000 |