A P Smith Scholarship Fund
- Assets
- $416.4k
- Revenue
- $9.0k
- Investments
- $414.2k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-1619524
Organization Overview
A P Smith Scholarship Fund is located in Wilmington, DE. The organization was established in 2014. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A P Smith Scholarship Fund 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 12/2022, A P Smith Scholarship Fund generated $9.0k 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 (17.7%) each year. All expenses for the organization totaled $30.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, A P Smith Scholarship Fund has awarded 21 individual grants totaling $253,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $80 |
| Dividends & Interest | $294 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,639 |
| Capital Gain Net Income | $8,639 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6 |
| Total Revenue | $9,019 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $212 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,025 |
| Total operating and administrative expenses | $10,850 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $30,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,159 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $416,383 |
| 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, A P Smith Scholarship Fund has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDRY EDUCATIONAL FOUNDATION PURPOSE: PAST CHAIR FUND FOR THE DETROIT WINDSOR CHAPTER | $10,000 |
ROSEVILLE HIGH SCHOOL PURPOSE: 2022 SCHOLARSHIP FUND | $10,000 |