Marlene A Smith Foundation
- Assets
- $459.0k
- Revenue
- $128.7k
- Investments
- $429.0k
- Employees
- 0
- Location
- Lindstrom, MN
- Founding
- 02/2016
- Data as of
- 06/2023
- EIN
- 47-5603437
Organization Overview
Marlene A Smith Foundation is located in Lindstrom, MN. The organization was established in 2016. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marlene A 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 06/2023, Marlene A Smith Foundation generated $128.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $36.2k during the year ending 06/2023. 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 |
|---|---|---|---|
Charles Mark Davidson President | 1 | $0 | |
Tricia Ann Wilmot Secretary | 1 | $0 | |
Rebecca Ann Erickson Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $113,750 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,724 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,196 |
| Capital Gain Net Income | $2,196 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $128,670 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,086 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $296 |
| Total operating and administrative expenses | $3,182 |
| Contributions, gifts, grants paid | $33,000 |
| Total expenses and disbursements | $36,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,001 |
| 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 | $429,004 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $459,005 |
| 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, Marlene A Smith Foundation has awarded $33,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BLUEGRASS COMMUNITY & TECH COLLEGE PURPOSE: SCHOLARSHIP | $8,500 |
KIRKWOOD COMM COLLEGE PURPOSE: SCHOLARSHIP | $8,500 |
MADISONVILLE COMM COLLEGE PURPOSE: SCHOLARSHIP | $5,000 |
ST CLOUD TECH PURPOSE: SCHOLARSHIP | $2,500 |
PINE TECHNICAL & COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $6,000 |
DUNWOODY COLLEGE OF TECHNOLOGY PURPOSE: SCHOLARSHIP | $2,500 |