William Harold Smith Charitable Tr
- Assets
- $5.4m
- Revenue
- $283.5k
- Investments
- $5.0m
- Employees
- 0
- Location
- Marion, NC
- Founding
- 09/1998
- Data as of
- 12/2022
- EIN
- 56-6526359
Organization Overview
William Harold Smith Charitable Tr is located in Marion, NC. The organization was established in 1998. 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. William Harold Smith Charitable Tr 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, William Harold Smith Charitable Tr generated $283.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $168.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, William Harold Smith Charitable Tr has awarded 77 individual grants totaling $1,290,200. 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
SCHOLARSHIPS- COLLEGES & UNIVERSITIES 121000 OERATING AND ADMIN EXPENSES 24200
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 |
|---|---|---|---|
Matt Smith Trustee | 15 | $0 | |
Mitchell D Goodson Committee Member | 1 | $0 | |
David H Ditt Commitee Member | 1 | $0 | |
Jerry F Arnold Commitee Member | 1 | $0 | |
Melora Bennett Commitee Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $610 |
| Dividends & Interest | $238,762 |
| Net Rental Income | $11,408 |
| Net Gain on Sale of Assets | $27,916 |
| Capital Gain Net Income | $27,916 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $283,513 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $23,032 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,221 |
| Depreciation | $8,107 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $385 |
| Printing and publications | $0 |
| Other expenses | $7,725 |
| Total operating and administrative expenses | $47,685 |
| Contributions, gifts, grants paid | $121,000 |
| Total expenses and disbursements | $168,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $259,497 |
| 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 | $144,624 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,404,742 |
| 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, William Harold Smith Charitable Tr has awarded $121,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
MCDOWELL TECHNICAL COLLEGE PURPOSE: SCHOLARSHIPS OPERATING AND ADMIN EXPENSES | $0 |
APPALACHIAN STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $30,000 |
BELMONT ABBEY COLLEGE PURPOSE: SCHOLARSHIPS | $3,000 |
BREVARD COLLEGE PURPOSE: SCHOLARSHIPS | $3,000 |
LEES MCRAE COLLEGE PURPOSE: SCHOLARSHIPS | $7,000 |
EAST CAROLINA UNIVRSITY PURPOSE: SCHOLARSHIPS | $0 |