Gerald F Smith Scholarship Foundati On
- Assets
- $0.0
- Revenue
- $91.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Winchester, VA
- Founding
- 02/1995
- Data as of
- 12/2022
- EIN
- 54-1725608
Organization Overview
Gerald F Smith Scholarship Foundati On is located in Winchester, VA. The organization was established in 1995. 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. Gerald F Smith Scholarship Foundati On 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, Gerald F Smith Scholarship Foundati On generated $91.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $99.1k during the year ending 12/2022. While expenses have increased by 11.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gerald F Smith Scholarship Foundati On has awarded 90 individual grants totaling $400,468. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
NONE
NONE
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Stuart Hylton Vice President | 1 | $0 | |
Michael A Smith President | 1 | $0 | |
Gerald F Smith Jr Sec/trea | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $91,100 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $91,100 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70 |
| Total operating and administrative expenses | $1,180 |
| Contributions, gifts, grants paid | $97,968 |
| Total expenses and disbursements | $99,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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, Gerald F Smith Scholarship Foundati On has awarded $97,968 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
LYNCHBURG COLLEGE PURPOSE: SCHOLARSHIP | $2,500 |
UNIVERSITY OF NORTH CAROLINA - CHAP PURPOSE: SCHOLARSHIP | $2,500 |
FROSTBURG STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $2,500 |
LANDER UNIVERSITY PURPOSE: SCHOLARSHIP | $2,500 |
PENN STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $2,500 |
TOWSON UNIVERSITY PURPOSE: SCHOLARSHIP | $2,500 |