James R Smith Family Charitable Foundation
- Assets
- $9.8m
- Revenue
- $536.1k
- Investments
- $9.1m
- Employees
- 0
- Location
- Roanoke, VA
- Founding
- 04/2001
- Data as of
- 12/2021
- EIN
- 56-6577908
Organization Overview
James R Smith Family Charitable Foundation is located in Roanoke, VA. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. James R Smith Family Charitable Foundation 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 12/2021, James R Smith Family Charitable Foundation generated $536.1k in total revenue. All expenses for the organization totaled $240.1k during the year ending 12/2021. While expenses have increased by 26.7% per year over the past 4 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 2020, James R Smith Family Charitable Foundation has awarded 26 individual grants totaling $1,450,225. 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 |
|---|---|---|---|
Hunter D Smith Trustee | 1 | $0 | |
Ross P Smith Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $135,033 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $477,732 |
| Capital Gain Net Income | $477,732 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$78,687 |
| Total Revenue | $536,078 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $17,828 |
| Taxes | $6,404 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $46,233 |
| Total operating and administrative expenses | $121,513 |
| Contributions, gifts, grants paid | $118,600 |
| Total expenses and disbursements | $240,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $640,001 |
| 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 | $2,099,973 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,789,984 |
| 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 | $750,334 |
| Other liabilities | $0 |
| Total liabilities | $750,334 |
Grants Awarded
Over the last fiscal year, James R Smith Family Charitable Foundation has awarded $118,600 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
HARMONY SENIOR SERVICES PURPOSE: UNRESTRICTED GENERAL SUPPORTDIRECT CHARITABLE GIFTS TO EMPLOYEES OF AN AFFILIATED EMPLOYER DUE TO A QUALIFIED DISASTER PURSUANT TO IRC 139 (IRS PUBLICATION 3833). | $39,500 |
FIRST (SCOTS) PRESBYTERIAN CHURCH PURPOSE: UNRESTRICTED GENERAL SUPPORT | $24,250 |
ASHLEY HALL PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,100 |
TRIDENT TECH COLLEGE PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
VTC SHCOOL OF MEDICINE PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
THE PRESERVATION SOCIETY PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Morris And Gwendolyn Cafritz Foundation Washington, DC | $0 | $65,532,545 |
Burroughs Wellcome Fund Research Triangle Park, NC | $946,804,754 | $86,337,046 |
Dollywood Foundation Pigeon Forge, TN | $23,282,143 | $42,750,755 |
Sherman Fairchild Foundation Inc Chevy Chase, MD | $608,781,139 | $70,437,193 |
Blue Cross And Blue Shield Of North Carolina Foundation Durham, NC | $253,862,813 | $27,558,288 |
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Commonwealth Foundations Richmond, VA | $819,010 | $12,460,000 |
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Ingersoll-Rand Charitable Foundation Davidson, NC | $949,422 | $5,202,263 |
Teleios Collaborative Network Flat Rock, NC | $1,937,761 | $5,692,077 |