Wade Smith Foundation
- Assets
- $10.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Missouri City, TX
- Founding
- 06/2012
- Data as of
- 12/2021
- EIN
- 45-4623424
Organization Overview
Wade Smith Foundation is located in Missouri City, TX. 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. Wade Smith 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, Wade Smith Foundation generated $7.0k 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 (30.6%) each year. All expenses for the organization totaled $7.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (26.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE YOUTH OF TODAY THE EDUCATION, SKILLS AND TRAINING TO DEVELOP INTO YOUNG ADULTS. THESE PURPOSES MAY BE ACCOMPLISHED THROUGH VARIOUS AVENUES, ONE OF WHICH WILL BE COLLABORATION WITH SCHOOLS AND ATHLETIC ORGANIZATIONS TO PROVIDE EDUCATION, SKILLS, TRAINING AND FOOD TO YOUTHS.
Describe the Organization's Program Activity:
Part 3
SMITTY'S SCHOLARS PROVIDES SCHOLARSHIP FUNDS FOR HIGH SCHOOL SENIORS IN THE HOUSTON AREA, AND LAKE HIGHLANDS HIGH SCHOOL IN DALLAS. IN 2017 WE PROVIDED SCHOLARSHIPS FOR 4 STUDENTS. HOUSTON SCHOLARSHIP WAS POSTPONED DUE TO HURRICANE HARVEY.
WE HAVE AN ANNUAL FREE YOUTH FOOTBALL CAMP TO PROMOTE HEALTH AND FITNESS AND TEACH SKILLS TO HELP IMPROVE THEIR TECHNIQUE IF THEY WANT TO PURSUE THAT CAREER. WE HAD 175 PARTICIPANTS K THROUGH 6TH GRADE IN THE 2017 CAMP THAT WANTED TO LEARN PROPER TECHNIQUES FOR CHEERLEADING.
THE READING WITH THE PROS CHILDHOOD LITERACY PROGRAM INVOLVES VISITS TO ELEMENTARY SCHOOLS ONCE A MONTH DURING THE SCHOOL YEAR TO SPEAK TO CHILDREN ABOUT THE IMPORTANCE OF READING AND LITERACY IN AN ASSEMBLY FOR 3RD THROUGH 6TH GRADERS. WE TALK TO THEM ABOUT GETTING LIBRARY CARDS IN ORDER TO INCREASE THEIR KNOWLEDGE. WE SPENT TIME READING BOOKS TO THE KINDERGARTEN THROUGH 2ND GRADE CHILDREN. THERE WERE 12 EVENTS AT HOUSTON ELEMENTARY SCHOOLS,4 EVENTS AT DALLAS ELEMENTARY SCHOOLS AND ONE SPECIAL SUPER BOWL EVENT IN HOUSTON, TEXAS. THESE EVENTS REACHED 12,800 STUDENTS IN 2017.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wade Smith President | 20 | $4,000 | |
Sheila Smith Treasurer | 2 | $0 | |
Rita Smith Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,954 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $6,954 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,000 |
| Professional fees and other payments to independent contractors | $1,575 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,134 |
| Total expenses | $7,783 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,792 |
| Other assets | $0 |
| Total assets | $10,792 |
| Total liabilities | $0 |
| Net assets or fund balances | $10,792 |
Grants Awarded
Over the last fiscal year, Wade Smith Foundation has awarded $38,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SMITTY SCHOLARS PURPOSE: TO PROVIDE SCHOLARSHIP FUNDS TO THE COLLEGES ON BEHALF OF THE RECIPIENTS. | $13,500 |
Towson, MD PURPOSE: SUPPORT OF THEIR CHILD ADVOCACY PROGRAMS | $10,000 |
Houston, TX PURPOSE: SUPPORT OF THEIR LITERACY PROGRAMS. | $10,000 |
HAMILTON PARK BOBCATS PURPOSE: PROVIDE FUNDING TO COVER TEAM EXPENSES, SUCH AS EQUIPMENT AND UNIFORMS. | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Wade Smith Foundation has recieved totaling $31,500.
| Awarding Organization | Amount |
|---|---|
National Football League Foundation New York, NY PURPOSE: NFL PLAYER FOOTBALL CAMP GRANT | $8,500 |
National Football League Foundation New York, NY PURPOSE: NFL PLAYER FOOTBALL CAMP GRANT | $8,500 |
National Football League Foundation New York, NY PURPOSE: NFL PLAYER FOOTBALL CAMP GRANT | $8,500 |
Giving Back Fund Inc Los Angeles, CA PURPOSE: IN SPONSORSHIP OF 300 STUDENTS AT $20.00 EACH | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hoblitzelle Foundation Dallas, TX | $135,054,358 | $12,987,577 |
Hillcrest Foundation Dallas, TX | $133,849,487 | $13,362,957 |
Huffington Foundation Houston, TX | $143,567,137 | $11,559,123 |
Marilyn And Sonny Oates Foundation Dallas, TX | $9,716,063 | $15,482,909 |
Frank E & Seba B Payne Foundation 31-55459-5 Dallas, TX | $0 | $7,949,536 |
Ewing Halsell Foundation San Antonio, TX | $128,225,154 | $18,962,628 |
Knobloch Family Foundation Houston, TX | $166,642,525 | $7,681,170 |
Irene W And C B Pennington Foundation Baton Rouge, LA | $0 | $6,041,681 |
Hamon Charitable Foundation Dallas, TX | $77,984,763 | $10,364,017 |
Alumbra Innovations Foundation Bentonville, AR | $55,483,470 | $25,346,784 |
Biogen Foundation Inc Dallas, TX | $25,561,498 | $3,880,862 |
The Margaret And Al Hill Family Foundation Dallas, TX | $0 | $526,228 |