James C And Norma I Smith Foundation
- Assets
- $6.5m
- Revenue
- $5.2m
- Investments
- $3.5m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 04/2003
- Data as of
- 11/2023
- EIN
- 71-0938986
Organization Overview
James C And Norma I Smith Foundation is located in Dallas, TX. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. James C And Norma I 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, James C And Norma I Smith Foundation generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 60.1% each year . All expenses for the organization totaled $3.0m during the year ending 11/2023. While expenses have increased by 16.8% per year over the past 8 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.
Since 2015, James C And Norma I Smith Foundation has awarded 186 individual grants totaling $13,175,500. 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 |
|---|---|---|---|
James C Smith President/director | 1 | $0 | |
August J Nisell Executive Director/director | 10 | $45,833 | |
Christina A Nisell Secretary/treasurer | 1 | $0 | |
Norma I Smith Director | 0 | $0 | |
Joseph Whitters Director | 0 | $0 | |
Hill A Feinberg Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $40,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,131,757 |
| Capital Gain Net Income | $5,131,757 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,171,757 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,833 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,362 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $60,401 |
| Contributions, gifts, grants paid | $2,982,000 |
| Total expenses and disbursements | $3,042,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $873,182 |
| Savings and temporary cash investments | $2,118,965 |
| 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 | $0 |
| Total assets | $6,451,281 |
| 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, James C And Norma I Smith Foundation has awarded $2,982,000 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA ANIMAL WELFARE LEAGUE PURPOSE: GENERAL SUPPORT. | $120,000 |
BOYS & GIRLS CLUB OF THE VALLEY PURPOSE: GENERAL SUPPORT. | $25,000 |
BRYAN'S HOUSE PURPOSE: GENERAL SUPPORT | $50,000 |
CAROLE ROBERTSON CENTER FOR LEARNING PURPOSE: GENERAL SUPPORT | $60,000 |
CHICAGO YOUTH PROGRAMS PURPOSE: GENERAL SUPPORT | $60,000 |
CHEF ANN FOUNDATION PURPOSE: GENERAL SUPPORT | $50,000 |