William I Smith Family Foundation
- Assets
- $7.8m
- Revenue
- $1.2m
- Investments
- $7.7m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 02/2012
- Data as of
- 12/2023
- EIN
- 45-3368044
Organization Overview
William I Smith Family Foundation is located in Seattle, WA. The organization was established in 2012. 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. William I Smith Family 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 12/2023, William I Smith Family Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $821.1k during the year ending 12/2023. While expenses have increased by 5.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, William I Smith Family Foundation has awarded 64 individual grants totaling $3,040,000. 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 |
|---|---|---|---|
Sara Canady President | 2 | $10,000 | |
Scott Canady Vice President | 2 | $10,000 | |
Steven Canady Treasurer | 2 | $10,000 | |
Karen Canady Secretary | 2 | $10,000 | |
James Krantz Grant Officer | 2 | $10,000 | |
Lynn Gatewood At Large | 2 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,603 |
| Dividends & Interest | $244,606 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $968,764 |
| Capital Gain Net Income | $968,764 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,217,973 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,043 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $41,841 |
| Total operating and administrative expenses | $256,146 |
| Contributions, gifts, grants paid | $565,000 |
| Total expenses and disbursements | $821,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,085 |
| Savings and temporary cash investments | $48,938 |
| 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 | $365,023 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,805,107 |
| 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, William I Smith Family Foundation has awarded $565,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ATLANTIC STREET CENTER PURPOSE: PROGRAM SUPPORT | $70,000 |
CENTER ON COLFAX PURPOSE: PROGRAM SUPPORT | $9,500 |
CHILDREN'S CANCER FUND OF NEW MEXICO PURPOSE: PROGRAM SUPPORT | $72,000 |
LITTLE DROPS OPHANAGE PURPOSE: PROGRAM SUPPORT | $88,000 |
HEALTH BRIDGES INTERNATIONAL PURPOSE: PROGRAM SUPPORT | $80,000 |
NORTH HELPLINE PURPOSE: PROGRAM SUPPORT | $6,000 |