Phil Smith & Family Foundation
- Assets
- $2.4m
- Revenue
- $89.2k
- Investments
- $1.7m
- Employees
- 0
- Location
- Hooper, UT
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 61-1601193
Organization Overview
Phil Smith & Family Foundation is located in Hooper, UT. The organization was established in 2014. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Phil Smith & Family 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 12/2021, Phil Smith & Family Foundation generated $89.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.2% each year .
Since 2018, Phil Smith & Family Foundation has awarded 25 individual grants totaling $422,439. 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 |
|---|---|---|---|
Nicole Harris Trustee | 0 | $47,300 | |
Robert Spronk Trustee | 0 | $0 | |
Stephanie Rudy Guyadeen Trustee | 0 | $0 | |
Jamie Harris Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,254 |
| Dividends & Interest | $55,331 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,035 |
| Capital Gain Net Income | $29 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,418 |
| Total Revenue | $89,202 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $47,300 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $779 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,005 |
| Printing and publications | $0 |
| Other expenses | $3,020 |
| Total operating and administrative expenses | $89,055 |
| Contributions, gifts, grants paid | $95,186 |
| Total expenses and disbursements | $184,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $704,951 |
| 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 | $26,827 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $22,862 |
| Total assets | $2,435,386 |
| 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, Phil Smith & Family Foundation has awarded $95,086 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Ogden, UT PURPOSE: GRANT | $36,407 |
AMERICAN CANCER SOCIETY PURPOSE: GRANT | $24,000 |
BOYS & GIRLS CLUB PURPOSE: CONTRIBUTION | $13,676 |
WOUNDED WARRIORS PURPOSE: GRANT | $12,163 |
DISABLED AMERICAN VETS PURPOSE: GRANT | $8,840 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kirk Humanitarian Salt Lake City, UT | $3,740,895 | $18,227,954 |
Early Learning Ventures Englewood, CO | $2,919,748 | $7,396,606 |
Friends Of Football Inc Pueblo, CO | $0 | $209,272 |
Carl And Marilynn Thoma Art Foundation Santa Fe, NM | $0 | $36,422,281 |
Secure World Foundation Broomfield, CO | $14,993,930 | $1,932,804 |
The Harold James Family Trust Prescott, AZ | $66,905,399 | $283,174 |
Smith-Pettit Foundation Salt Lake City, UT | $17,077,346 | $1,780,934 |
Foundation For A Better Life Denver, CO | $1,182,191 | $2,044,000 |
International Spine Study Group Foundation Brighton, CO | $5,806,474 | $2,130,790 |
Roc Foundation Reno, NV | $811,828 | $1,026,819 |
National Center On Shaken Baby Syndrome Farmington, UT | $942,258 | $989,551 |
Niki Charitable Art Foundation Park City, UT | $36,058,795 | $1,233,627 |