The Eddie And Jo Allison Smith Family Foundation Inc
- Assets
- $134.1m
- Revenue
- $44.7m
- Investments
- $128.6m
- Employees
- 0
- Location
- Greenville, NC
- Founding
- 04/1994
- Data as of
- 06/2022
- 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 06/2022, Eddie And Jo Allison Smith Family Foundation Inc generated $44.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 60.1% each year . All expenses for the organization totaled $6.2m during the year ending 06/2022. While expenses have increased by 15.6% per year over the past 6 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 1,394 individual grants totaling $96,216,667. 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 |
|---|---|---|---|
Edward C Smith Jr President/director | 3.75 | $0 | |
Kristin Carroll Vp/asst Treasurer/asst Sec/dir | 1 | $0 | |
Samuel E Soliman Executive Vice President/director | 6 | $0 | |
Herman Simon Director | 1 | $0 | |
Jill A Carraway Secretary/treasurer/director | 1 | $0 | |
Terry Ng Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Terry Ng Cpa Pllc | 6/29/22 | $73,000 |
Safe Harbor Family Capital Llc | 6/29/22 | $426,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $34,926,932 |
| Interest on Savings | $2,518 |
| Dividends & Interest | $1,024,260 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,683,358 |
| Capital Gain Net Income | $8,683,318 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $91,571 |
| Total Revenue | $44,728,639 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $57,881 |
| Pension plans, employee benefits | $0 |
| Interest | $3,697 |
| Taxes | $190,248 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $238 |
| Printing and publications | $0 |
| Other expenses | $3,978 |
| Total operating and administrative expenses | $1,053,860 |
| Contributions, gifts, grants paid | $5,168,346 |
| Total expenses and disbursements | $6,222,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,491,745 |
| 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 | $78,928,594 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $134,122,083 |
| 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, The Eddie And Jo Allison Smith Family Foundation Inc has awarded $22,085,346 in support to 188 organizations.
| Grant Recipient | Amount |
|---|---|
THE EDUCATIONAL FOUNDATION INC THE RAMS CLUB PURPOSE: LEGACY GIFT FOR UNC ATHLETICS | $12,500,000 |
THE EDUCATIONAL FOUNDATION INC THE RAMS CLUB PURPOSE: CHRIS SMITH FIELD | $3,003,000 |
TEAM GLEASON FOUNDATION PURPOSE: PROGRAM SERVICES FOR ALS PATIENTS | $2,500,000 |
ALZHEIMER'S DISEASE AND RELATED DISORDERS ASSOCIATION INC PURPOSE: DIAN-TU PRIMARY PREVENTION | $1,000,000 |
Greenville, NC PURPOSE: CAPITAL CAMPAIGN | $333,500 |
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: PREVENT ALS - RESEARCH STUDY | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Drs Bruce & Lee Foundation Florence, SC | $254,078,574 | $12,559,871 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
Mary Reynolds Babcock Foundation Incorporated Winstonsalem, NC | $253,832,619 | $55,868,843 |
Edward C And Linda Dresner Levy Foundation Reston, VA | $6,482,787 | $4,609,179 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |