Louise Maytag Smith Charitable Tr
- Assets
- $14.4m
- Revenue
- $223.1k
- Investments
- $14.2m
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 12/1964
- Data as of
- 12/2022
- EIN
- 63-6050879
Organization Overview
Louise Maytag Smith Charitable Tr is located in Montgomery, AL. The organization was established in 1964. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Louise Maytag Smith Charitable Tr 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, Louise Maytag Smith Charitable Tr generated $223.1k 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 (3.5%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Louise Maytag Smith Charitable Tr has awarded 56 individual grants totaling $5,019,062. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,272 |
| Dividends & Interest | $368,590 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$147,208 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $426 |
| Total Revenue | $223,080 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $142,980 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,780 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19 |
| Total operating and administrative expenses | $175,899 |
| Contributions, gifts, grants paid | $859,388 |
| Total expenses and disbursements | $1,035,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $152,849 |
| 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 | $5,364 |
| Total assets | $14,390,991 |
| 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, Louise Maytag Smith Charitable Tr has awarded $859,388 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BERRY COLLEGE PURPOSE: EDUCATIONAL | $157,269 |
BOY SCOUTS SERVICE CENTER PURPOSE: CHARACTER BUILDING | $52,422 |
COLLEGE OF THE OZARKS PURPOSE: EDUCATIONAL | $157,268 |
HUNTINGDON COLLEGE PURPOSE: EDUCATIONAL | $52,421 |
RIVER REGION UNITED WAY PURPOSE: PUBLIC SUPPORT OF LOCAL AGENCIES | $104,846 |
THE SALVATION ARMY PURPOSE: EVANGELICAL | $73,048 |