B F Smith Foundation
- Assets
- $2.4m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Stoneville, MS
- Founding
- 04/1987
- Data as of
- 12/2022
- EIN
- 64-0732226
Organization Overview
B F Smith Foundation is located in Stoneville, MS. The organization was established in 1987. 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. B F 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 12/2022, B F Smith Foundation generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. 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
CONSERVE, RESTORE, ENHANCE AND ENVIRONMETALLY PROTECT THE STREAMS, WATERWAYS, AND AGRICULTURE OF THE MISSISSIPPI DELTA
ADULT LITERACY PROGRAM - ASSIST AND EDUCATE IN INSTRUCTION AND RESEARCH OF ADULT LITERACY PROGRAMS IN THE MISSISSIPPI DELTA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Gresham Director(ex | 0 | $0 | |
Woods Eastland Director(ex | 0 | $0 | |
Travis Satterfield Chairman | 0 | $0 | |
Frank Howell Secretary | 0 | $0 | |
Bowen Flowers Director | 0 | $0 | |
Walton Gresham Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,146,263 |
| Interest on Savings | $396 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,768 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $83,332 |
| Total Revenue | $1,218,223 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $199,158 |
| Pension plans, employee benefits | $30,105 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $38,241 |
| Occupancy | $25,485 |
| Travel, conferences, and meetings | $24,331 |
| Printing and publications | $0 |
| Other expenses | $823,958 |
| Total operating and administrative expenses | $1,203,778 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,203,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,037,566 |
| Savings and temporary cash investments | $128,555 |
| Net Accounts receivable | $302,989 |
| 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 | $18,193 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $934,569 |
| Other assets | $0 |
| Total assets | $2,421,872 |
| Accounts payable and accrued expenses | $279,190 |
| Grants payable | $0 |
| Deferred revenue | $161,514 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $440,704 |