Smigel Foundation Inc
- Assets
- $161.6k
- Revenue
- $9.8k
- Investments
- $161.6k
- Employees
- 0
- Location
- Hampstead, NC
- Founding
- 07/1999
- Data as of
- 12/2022
- EIN
- 58-2370216
Organization Overview
Smigel Foundation Inc is located in Hampstead, NC. The organization was established in 1999. 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. Smigel Foundation Inc 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 12/2022, Smigel Foundation Inc generated $9.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $12.0k during the year ending 12/2022. While expenses have increased by 4.3% per year over the past 7 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey A Smigel President,tr | 0 | $0 | |
Barbara E Smigel Secretary & | 0 | $0 | |
Jason E Smigel Trustee | 0 | $0 | |
Austin E Smigel Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15 |
| Dividends & Interest | $5,246 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,501 |
| Capital Gain Net Income | $4,501 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4 |
| Total Revenue | $9,766 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $203 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,223 |
| Total operating and administrative expenses | $4,426 |
| Contributions, gifts, grants paid | $7,550 |
| Total expenses and disbursements | $11,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $161,569 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $161,569 |
| 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, Smigel Foundation Inc has awarded $7,550 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY OF HOPE (WASHINGTON DC) PURPOSE: OPERATIONS | $500 |
FOOD BANK OF NC PURPOSE: OPERATIONS | $1,500 |
GARY SINISE FOUNDATION PURPOSE: OPERATIONS | $1,000 |
GOODWIN HOUSE PURPOSE: OPERATIONS | $1,000 |
ST JUDE CHILDREN'S RESEARCH HOSPIT PURPOSE: OPERATIONS | $1,000 |
SUFFIELD ACADEMY PURPOSE: OPERATIONS | $300 |