G Gregory Smith Family Foundation Inc
- Assets
- $3.0m
- Revenue
- $232.6k
- Investments
- $2.5m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 04/1996
- Data as of
- 12/2022
- EIN
- 56-1902026
Organization Overview
G Gregory Smith Family Foundation Inc is located in Greensboro, NC. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. G Gregory 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 12/2022, G Gregory Smith Family Foundation Inc generated $232.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $141.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, G Gregory Smith Family Foundation Inc has awarded 160 individual grants totaling $1,461,413. 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 |
|---|---|---|---|
G Gregory Smith President | 1 | $0 | |
Carol Belk Smith Secretary/treasurer | 1 | $0 | |
Leslie L Anderson Assistant Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $69,213 |
| Interest on Savings | $0 |
| Dividends & Interest | $77,209 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $84,775 |
| Capital Gain Net Income | $84,775 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,399 |
| Total Revenue | $232,596 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,979 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $38 |
| Total operating and administrative expenses | $27,035 |
| Contributions, gifts, grants paid | $114,000 |
| Total expenses and disbursements | $141,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $530,489 |
| 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 | $3,046,021 |
| 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, G Gregory Smith Family Foundation Inc has awarded $114,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BACKPACK BEGINNINGS PURPOSE: 2022 SUPPORT | $1,500 |
BSF INTERNATIONAL PURPOSE: 2022 SUPPORT | $2,000 |
CALDWELL ACADEMY PURPOSE: 2022 SUPPORT | $1,500 |
CHILDREN'S HOME SOCIETY PURPOSE: 2022 SUPPORT | $2,000 |
JUSTICE & MERCY INTERNATIONAL PURPOSE: 2022 SUPPORT | $2,000 |
K LOVE RADIO PURPOSE: 2022 SUPPORT | $1,000 |