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 11/2023, Gilmer Smith Foundation generated $44.9k 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 (9.5%) each year. All expenses for the organization totaled $101.9k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 7 years. 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
2023
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.
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 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $48 |
Dividends & Interest | $54,921 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | -$10,324 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $208 |
Total Revenue | $44,853 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $9,600 |
Other employee salaries and wages | $34,302 |
Pension plans, employee benefits | $2,864 |
Interest | $0 |
Taxes | $832 |
Depreciation | $0 |
Occupancy | $26,688 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $15,826 |
Total operating and administrative expenses | $101,812 |
Contributions, gifts, grants paid | $100 |
Total expenses and disbursements | $101,912 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,500 |
Savings and temporary cash investments | $110,675 |
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 | $637 |
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 | $1,152,051 |
Accounts payable and accrued expenses | $1,072 |
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 | $1,072 |
Over the last fiscal year, Gilmer Smith Foundation has awarded $350 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
MOUNT AIRY MUSEUM OF REGIONAL HISTORY PURPOSE: EDUCATIONAL | $100 |
WOLTZ HOSPICE HOME PURPOSE: MEMORIAL | $250 |