The Eddie And Jo Allison Smith Family Foundation Inc
- Assets
- $294.3m
- Revenue
- $31.0m
- Investments
- $280.5m
- Employees
- 0
- Location
- Greenville, NC
- Founding
- 04/1994
- Data as of
- 06/2024
- EIN
- 56-1844198
Organization Overview
The Eddie And Jo Allison Smith Family Foundation Inc is located in Greenville, NC. The organization was established in 1994. 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. Eddie And Jo Allison Smith Family Foundation Inc 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 06/2024, Eddie And Jo Allison Smith Family Foundation Inc generated $31.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 42.0% each year . All expenses for the organization totaled $12.8m during the year ending 06/2024. While expenses have increased by 25.6% 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, Eddie And Jo Allison Smith Family Foundation Inc has awarded 1,828 individual grants totaling $144,146,706. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward C Smith Jr Chairman/director | 3.75 | $0 | |
Kristin Carroll President/asst Treasurer/asst Sec/dir | 1 | $0 | |
Samuel E Soliman Executive Vice President/director | 6 | $0 | |
Jill A Carraway Secretary/treasurer/director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Safe Harbor Family Capital Llc | 6/29/24 | $684,877 |
Terry Ng Cpa Pllc | 6/29/24 | $157,525 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,709,989 |
| Interest on Savings | $354,833 |
| Dividends & Interest | $6,312,526 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,664,396 |
| Capital Gain Net Income | $2,684,900 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,944,584 |
| Total Revenue | $30,986,328 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $48,431 |
| Pension plans, employee benefits | $187 |
| Interest | $8,978 |
| Taxes | $1,409,927 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,135 |
| Printing and publications | $0 |
| Other expenses | $20,521 |
| Total operating and administrative expenses | $2,522,636 |
| Contributions, gifts, grants paid | $10,314,662 |
| Total expenses and disbursements | $12,837,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,862,255 |
| 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 | $132,398,051 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $294,338,522 |
| 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 | $171,351 |
| Total liabilities | $171,351 |
Grants Awarded
Over the last fiscal year, The Eddie And Jo Allison Smith Family Foundation Inc has awarded $23,669,816 in support to 230 organizations.
| Grant Recipient | Amount |
|---|---|
A TIME FOR SCIENCE PURPOSE: EDUCATIONAL SUPPORT | $5,000 |
ACES FOR AUTISM PURPOSE: ACES FOR AUTISM CAMPUS CAPITAL PROJECT | $272,000 |
ALZHEIMER'S DISEASE AND RELATED DISORDERS ASSOCIATION INC PURPOSE: 30TH ANNIVERSARY CELEBRATION GRANT | $250,000 |
AMERICAN CANCER SOCIETY PURPOSE: MCCONNELL-RAAB HOPE LODGE IN GREENVILLE AND RELAY FOR LIFE | $27,500 |
AMERICAN HEART ASSOCIATION PURPOSE: HEALTH IMPACT IN EASTERN NORTH CAROLINA | $15,000 |
AMERICAN RED CROSS PURPOSE: DISASTER RELIEF | $22,500 |