Mary Ilo Smith Charitable Foundation
- Assets
- $572.0k
- Revenue
- $324.8k
- Investments
- $256.9k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 02/1993
- Data as of
- 12/2023
- EIN
- 74-2652604
Organization Overview
Mary Ilo Smith Charitable Foundation is located in Dallas, TX. The organization was established in 1993. 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. Mary Ilo Smith Charitable 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 12/2023, Mary Ilo Smith Charitable Foundation generated $324.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 23.8% each year . All expenses for the organization totaled $2.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Mary Ilo Smith Charitable Foundation has awarded 54 individual grants totaling $2,596,652. 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 |
|---|---|---|---|
Bank Of America N A Co-Trustee | 1 | $15,200 | |
Mary Carol Gregory - Co Boa Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $65,567 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $258,978 |
| Capital Gain Net Income | $258,978 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $219 |
| Total Revenue | $324,764 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,458 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,562 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $25,406 |
| Contributions, gifts, grants paid | $2,098,652 |
| Total expenses and disbursements | $2,124,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $315,073 |
| 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 | $572,000 |
| 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, Mary Ilo Smith Charitable Foundation has awarded $2,098,652 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
PROJECT HOPE PURPOSE: UNRESTRICTED GENERAL | $298,552 |
ROY MAAS' YOUTH ALTERNATIVES INC PURPOSE: UNRESTRICTED GENERAL | $300,420 |
ASSISTANCE LEAGUE OF SAN ANTONIO PURPOSE: UNRESTRICTED GENERAL | $294,609 |
FAMILY VIOLENCE PREVENTION PURPOSE: UNRESTRICTED GENERAL | $294,482 |
SUNSHINE ACRES CHILDREN'S HOME INC PURPOSE: UNRESTRICTED GENERAL | $294,589 |
HOSPICE OF THE VALLEY PURPOSE: UNRESTRICTED GENERAL | $294,515 |