Dr Bob And Jean Smith Foundation
- Assets
- $17.6m
- Revenue
- $1.5m
- Investments
- $17.4m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 02/1990
- Data as of
- 09/2023
- EIN
- 51-0137245
Organization Overview
Dr Bob And Jean Smith Foundation is located in Dallas, TX. The organization was established in 1990. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dr Bob And Jean 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 09/2023, Dr Bob And Jean Smith Foundation generated $1.5m 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 (5.7%) each year. All expenses for the organization totaled $1.4m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Dr Bob And Jean Smith Foundation has awarded 119 individual grants totaling $9,474,574. 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 |
|---|---|---|---|
Sally Smith Mashburn President/chairwoman | 40 | $205,544 | |
Scott R Smith Director | 1 | $5,300 | |
Marty S Kelley Director | 1 | $5,300 | |
Robert H West Director | 1 | $5,300 | |
Bill R Womble Director | 1 | $5,300 | |
Brooks Kelley Director | 1 | $3,600 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Schwenn & Associates | 9/29/23 | $145,866 |
Holland & Knight | 9/29/23 | $65,845 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $461,286 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,028,312 |
| Capital Gain Net Income | $1,028,312 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,173 |
| Total Revenue | $1,503,771 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $239,244 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,161 |
| Depreciation | $1,687 |
| Occupancy | $110,894 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,568 |
| Total operating and administrative expenses | $689,540 |
| Contributions, gifts, grants paid | $716,610 |
| Total expenses and disbursements | $1,406,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,502 |
| Savings and temporary cash investments | $1,328 |
| 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 | $12,796,292 |
| Net Land, buildings, and equipment | $2,811 |
| Other assets | $0 |
| Total assets | $17,622,775 |
| 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 | $84,200 |
| Total liabilities | $84,200 |
Grants Awarded
Over the last fiscal year, Dr Bob And Jean Smith Foundation has awarded $716,610 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BUCKNER FOUNDATION PURPOSE: UNRESTRICTED GRANT | $20,000 |
CRYSTAL CHARITY BALL PURPOSE: UNRESTRICTED GIFT | $30,290 |
SMU LECTURE SERIES PURPOSE: UNRESTRICTED GRANT | $3,820 |
PARKLAND FOUNDATION PURPOSE: UNRESTRICTED GRANT | $37,500 |
RETINA FOUNDATION PURPOSE: UNRESTRICTED GRANT | $5,000 |
UNITED WAY PURPOSE: UNRESTRICTED GIFT | $250,000 |