Harold C Smith Foundation
- Assets
- $79.0m
- Revenue
- $2.2m
- Investments
- $72.3m
- Employees
- 0
- Location
- Wheaton, IL
- Founding
- 09/2015
- Data as of
- 12/2023
- EIN
- 47-1491651
Organization Overview
Harold C Smith Foundation is located in Wheaton, IL. The organization was established in 2015. 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. Harold C 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 12/2023, Harold C Smith Foundation generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 56.3% each year . All expenses for the organization totaled $6.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Harold C Smith Foundation has awarded 138 individual grants totaling $33,390,564. 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 |
|---|---|---|---|
Jeffrey Whittle Director, Chairperson | 5 | $0 | |
Pierre Arty Director, Secretary | 5 | $0 | |
Margaret Lemaire Director, Treasurer (joined 8/19/2023) | 5 | $0 | |
Hans Anderson Director | 5 | $0 | |
Donald Gehlbach Director (thru 08/19/2023) | 5 | $0 | |
Denny Matthews Director (thru 04/29/2023) | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cibc Private Wealth Management | 12/30/21 | $341,968 |
Jacquelyn Pressey | 12/30/21 | $113,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $130,599 |
| Dividends & Interest | $1,170,403 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $670,807 |
| Capital Gain Net Income | $670,807 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $256,586 |
| Total Revenue | $2,228,395 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $241,500 |
| Other employee salaries and wages | $319,460 |
| Pension plans, employee benefits | $73,000 |
| Interest | $0 |
| Taxes | $64,595 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $77,126 |
| Printing and publications | $4,110 |
| Other expenses | $45,278 |
| Total operating and administrative expenses | $1,123,455 |
| Contributions, gifts, grants paid | $4,999,000 |
| Total expenses and disbursements | $6,122,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,922,147 |
| 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 | $6,890 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $11,061,249 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,710,000 |
| Total assets | $78,987,384 |
| Accounts payable and accrued expenses | $37,343 |
| 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 | $37,343 |
Grants Awarded
Over the last fiscal year, Harold C Smith Foundation has awarded $4,999,000 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE DEFENDING FREEDOM INTERNATIONAL PURPOSE: PERSECUTED CHURCH: SUPPORT LEGAL ADVOCACY FOR PERSECUTED CHRISTIANS IN MANIPUR AND LATIN AMERICA | $75,000 |
ALPHA USA PURPOSE: US INITIATIVE: PRODUCE AND PROVIDE CONTEXTUALIZED GOSPEL RESOURCES AND TRAIN YOUTH MINISTERS | $160,000 |
ANANIAS HOUSE PURPOSE: MIDDLE EAST: SUPPORT CHRISTIAN EDUCATION/VOCATIONAL TRAINING FOR REFUGEES IN LEBANON | $300,000 |
BLACK ROCK CHURCH PURPOSE: US INITIATIVE: SUPPORT THE WORK OF THE GENERATIONS TO COME COUNSELING CENTER | $20,000 |
CHICAGO HOPE ACADEMY - CHA PURPOSE: US INITIATIVE: ENHANCE CHRIST-CENTERED STUDENT SPIRITUAL LIFE AND SUPPORT SERVICES THROUGH THE DIVERSE LEARNERS, COUNSELING, AND SPIRITUAL LIFE PROGRAMS | $250,000 |
CHRISTIAN HERITAGE SCHOOL PURPOSE: US INITIATIVE: PROVIDE SCHOLARSHIPS FOR UNDER-RESOURCED STUDENTS, INCLUDING MINISTRY FAMILIES, AND STUDENTS WITH LEARNING AND/OR PHYSICAL DISABILITIES | $250,000 |