J M Smith Foundation
- Assets
- $1.2m
- Revenue
- $549.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Spartanburg, SC
- Founding
- 11/1996
- Data as of
- 02/2023
- EIN
- 57-1046595
Organization Overview
J M Smith Foundation is located in Spartanburg, SC. The organization was established in 1996. 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. J M Smith 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 02/2023, J M Smith Foundation generated $549.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.1%) each year. All expenses for the organization totaled $629.9k during the year ending 02/2023. As we would expect to see with falling revenues, expenses have declined by (19.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, J M Smith Foundation has awarded 2,125 individual grants totaling $15,086,874. 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 |
|---|---|---|---|
Rob Barrett President | 1 | $0 | |
Tammy Devine Secretary/treasurer | 1 | $0 | |
Wade Crow Director | 1 | $0 | |
Joe Strayer Director | 1 | $0 | |
Wade Lewis Director | 1 | $0 | |
Kyle Waltz Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $546,150 |
| Interest on Savings | $3,253 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $549,403 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $6,801 |
| Contributions, gifts, grants paid | $623,079 |
| Total expenses and disbursements | $629,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,703 |
| Savings and temporary cash investments | $1,097,571 |
| 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 | $1,186,274 |
| 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, J M Smith Foundation has awarded $623,079 in support to 111 organizations.
| Grant Recipient | Amount |
|---|---|
AGAPE TO THE NATION PURPOSE: UNRESTRICED CHARITABLE CONTRIBUTION | $3,000 |
ADULT LEARNING CENTER PURPOSE: UNRESTRICED CHARITABLE CONTRIBUTION | $2,000 |
BALLET SPARTANBURG PURPOSE: UNRESTRICED CHARITABLE CONTRIBUTION | $5,000 |
BLUFFTON UNITED METHODIST CHURCH PURPOSE: UNRESTRICED CHARITABLE CONTRIBUTION | $2,000 |
BOILING SPRINGS FIRST BAPTIST PURPOSE: UNRESTRICED CHARITABLE CONTRIBUTION | $2,400 |
BOY SCOUTS OF AMERICA PURPOSE: UNRESTRICED CHARITABLE CONTRIBUTION | $500 |