Gilmer Smith Foundation
- Assets
- $1.2m
- Revenue
- $399.7k
- Investments
- $654.8k
- Employees
- 0
- Location
- Mount Airy, NC
- Founding
- 11/1982
- Data as of
- 11/2022
- EIN
- 58-1463411
Organization Overview
Gilmer Smith Foundation is located in Mount Airy, NC. The organization was established in 1982. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Gilmer 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 11/2022, Gilmer Smith Foundation generated $399.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $130.8k during the year ending 11/2022. While expenses have increased by 0.3% per year over the past 6 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GERTRUDE SMITH HOUSEPRESERVED HISTORIC HOME ON THE NATIONAL HISTORIC REGISTER708 NORTH MAIN STREET; MOUNT AIRY, NC 27030HISTORIC SITE1. FREE MUSIC PROGRAMS.2. INDIVIDUAL AND CULTURAL TOURS.3. OPEN HOUSES.4. GROUNDS - PAUL KEARY MEMORIAL GARDEN FOR THE SENSES AND SPECIAL PROJECTS FOR THE SCOUTS AND OTHERS.5. ART AND FURNITURE COLLECTION TO DISPLAY THE LIFESTYLE OF THE INTERIOR DESIGNER AND FAMILY.6. HOUSE IS AVAILABLE FOR EDUCATIONAL TOURS.ALL EVENTS ARE FREE TO THE PUBLIC.
ROBERT E. SMITH HOUSE AND MEMORIAL PARK615 NORTH MAIN STREET; MOUNT AIRY, NC 27030HISTORIC SITETHE OUTSIDE AREA IS OPEN TO THE PUBLIC WITH THE GARDENS LIT AT NIGHT FOR SECURITY. DURING THE SUMMER MONTHS THERE ARE MUSIC PROGRAMS AND ART EXHIBITS. THE BUILDING ON THE PARK PROPERTY IS CURRENTLY BEING UTILIZED BY THE UPTOWN GALLERY GROUP. THIS IS A NONPROFIT ORGANIZATION WHOSE MISSION IS TO HELP ADULTS WITH DISABILITIES THROUGH ART MUSEUMS. ART WORKS ARE ON DISPLAY.ALL EVENTS ARE FREE TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Thomas Fawcett Jr Chariman | 12 | $2,400 | |
Mary C Fawcett Trustee | 6 | $2,400 | |
Faith B Ashby Trustee | 6 | $2,400 | |
Paul G Patterson Trustee | 6 | $2,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24 |
| Dividends & Interest | $37,567 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $361,720 |
| Capital Gain Net Income | $361,720 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $385 |
| Total Revenue | $399,696 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,600 |
| Other employee salaries and wages | $32,295 |
| Pension plans, employee benefits | $2,761 |
| Interest | $0 |
| Taxes | $595 |
| Depreciation | $0 |
| Occupancy | $56,829 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,648 |
| Total operating and administrative expenses | $130,428 |
| Contributions, gifts, grants paid | $350 |
| Total expenses and disbursements | $130,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,500 |
| Savings and temporary cash investments | $330,139 |
| 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 | $227,197 |
| Other assets | $238 |
| Total assets | $1,213,853 |
| Accounts payable and accrued expenses | $1,019 |
| 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 | $4,313 |
| Total liabilities | $5,332 |
Grants Awarded
Over the last fiscal year, Gilmer Smith Foundation has awarded $350 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WOLTZ HOSPICE HOME PURPOSE: MEMORIAL | $250 |
Mount Airy, NC PURPOSE: EDUCATIONAL | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |