J M Smith Foundation
- Assets
- $1.3m
- Revenue
- $560.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Spartanburg, SC
- Founding
- 11/1996
- Data as of
- 02/2022
- 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 02/2022, J M Smith Foundation generated $560.3k 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 (23.1%) each year. All expenses for the organization totaled $1.2m during the year ending 02/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, J M Smith Foundation has awarded 2,180 individual grants totaling $15,859,613. 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 |
|---|---|---|---|
Kenneth R Couch President | 1 | $0 | |
Russ Weber Director | 1 | $0 | |
Joe Strayer Director | 1 | $0 | |
Wade Lewis Director | 1 | $0 | |
Rob Barrett Director | 1 | $0 | |
Tammy Devine Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $558,875 |
| Interest on Savings | $1,382 |
| 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 | $560,257 |
| 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 | $75 |
| Total operating and administrative expenses | $5,575 |
| Contributions, gifts, grants paid | $1,215,551 |
| Total expenses and disbursements | $1,221,126 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,417 |
| Savings and temporary cash investments | $994,334 |
| 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 | $1,266,751 |
| 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 $1,215,551 in support to 157 organizations.
| Grant Recipient | Amount |
|---|---|
MOBILE MEALS PURPOSE: UNRESTRICTED CHARITABLE CONTRIBUTION | $76,200 |
Spartanburg, SC PURPOSE: UNRESTRICTED CHARITABLE CONTRIBUTION | $65,101 |
Clinton, SC PURPOSE: UNRESTRICTED CHARITABLE CONTRIBUTION | $58,000 |
Spartanburg, SC PURPOSE: UNRESTRICTED CHARITABLE CONTRIBUTION | $55,000 |
Wingate, NC PURPOSE: UNRESTRICTED CHARITABLE CONTRIBUTION | $55,000 |
Spartanburg, SC PURPOSE: UNRESTRICTED CHARITABLE CONTRIBUTION | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that J M Smith Foundation has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Spartanburg County Foundation Spartanburg, SC PURPOSE: GENERAL SUPPORT | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Ingersoll-Rand Charitable Foundation Davidson, NC | $949,422 | $5,202,263 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |
Teleios Collaborative Network Flat Rock, NC | $1,937,761 | $5,692,077 |
Berry Charitable Foundation Greensboro, NC | $66,443,887 | $19,441,279 |
Richmond Community Foundation Inc Charlotte, NC | $38,277,506 | $4,248,751 |
Thalia N And Chris M Carlos Foundation Inc Atlanta, GA | $8,590,339 | $1,064,458 |
Weaver Foundation Inc Greensboro, NC | $30,406,218 | $3,650,390 |
Ally Charitable Foundation Charlotte, NC | $31,020,480 | $35,342,279 |
Stoneypeak Foundation Inc Atlanta, GA | $4,235,009 | $1,857,891 |
Jim Andrews Family Foundation Inc Chickamauga, GA | $345,412 | $9,018 |
20 20 Quest Duluth, GA | $1,721,770 | $1,116,124 |