Martin V And Martha K Smith Foundation is located in Camarillo, CA. The organization was established in 1985. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Martin V And Martha K 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 09/2021, Martin V And Martha K Smith Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.3% each year . All expenses for the organization totaled $4.2m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Martin V And Martha K Smith Foundation has awarded 83 individual grants totaling $6,942,500. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE QUALITY OF LIFE FOR THE RESIDENTS OF VENTURA COUNTY, WITH A PREFERENCE FOR SERVING THE OXNARD PLAINS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS ARE AWARDED TO IMPROVE THE HUMAN CONDITION AND TO STRENGTHEN THE COMMUNITY OF VENTURA COUNTY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stacy Cannon Co-Chair | OfficerTrustee | 1 | $0 |
Brando Pozzi Secretary | OfficerTrustee | 1 | $0 |
Nicholas Joseph Treasurer | OfficerTrustee | 1 | $0 |
Marjorie Tegland Co-Chair | OfficerTrustee | 1 | $0 |
Jack E Neely Director | Trustee | 1 | $0 |
Doug Shaw Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Investment income | $205,558 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $1,254,965 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,460,523 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $4,052,000 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $50,000 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,749 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $50,658 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $228 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $4,154,635 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $6,434 |
Savings and temporary cash investments | $3,543,512 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $9,490,550 |
Investments—other securities | $67,388 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $13,107,884 |
Accounts payable and accrued expenses | $10,816 |
Grants payable | $3,532,000 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $3,542,816 |
Net assets without donor restrictions | $9,565,068 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $13,107,884 |
Over the last fiscal year, Martin V And Martha K Smith Foundation has awarded $4,052,000 in support to 13 organizations.
Grant Recipient | Amount |
---|---|
Camarillo, CA PURPOSE: TO COVER THE CONSTRUCTION COSTS OF RENOVATION OF THE MANZANITA FIRST FLOOR WEST WING AND RESTORATION OF THE COURTYARD ADJACENT TO THE BUILDING PER THE GIFT AGREEMENT BETWEEN THE MARTIN V AND MARTHA K SMITH FOUNDATION AND THE CALIFORNIA STATE UNIVERSITY CHANNEL ISLANDS FOUNDATION | $3,532,000 |
Oxnard, CA PURPOSE: TO SUPPORT ONGOING OPERATIONS | $75,000 |
Oxnard, CA PURPOSE: TO SUPPORT THE BELIEVE IN OUR NEXT GENERATION CAMPAIGN TO UPGRADE FACILTIES AND EXPAND STEAM CENTERS | $75,000 |
DRAGG INC PURPOSE: TO SUPPORT ONGOING OPERATIONS | $50,000 |
Thousand Oaks, CA PURPOSE: TO SUPPORT ONGOING OPERATIONS - LIMITED TO SERVICES IN THE CITY OF OXNARD | $50,000 |
Ventura, CA PURPOSE: TO SUPPORT PROGRAM EXPANSION OF THE GRIEF & BEREAVEMENT CENTER SERVICES | $50,000 |
Organization Name | Assets | Revenue |
---|---|---|
Neubauer Family Charitable Trust Mountain View, CA | $307,054,683 | $23,995,522 |
Donald B Tanklage And Carole F Tanklage Foundation Novato, CA | $0 | $160,782 |
Pih Health Inc Whittier, CA | $139,222,706 | $19,647,393 |
The Polis Schutz Family Foundation San Diego, CA | $0 | $260,315 |
Tikun Olam Foundation Los Angeles, CA | $90,556,232 | $8,190,584 |
Burton Family Foundation Phoenix, AZ | $142,839,047 | $129,470,588 |
The Reddere Foundation CO Silicon Valley Community Foundation C/O Silicon Valley Community Foundation Mountain View, CA | $1,000 | $363,994 |
California State University Foundation Long Beach, CA | $50,863,822 | $7,787,647 |
Friends Of South Central Losangeles Regional Center For Develop Los Angeles, CA | $80,196,128 | $6,156,555 |
The James B Mcclatchy Foundation Sacramento, CA | $57,491,792 | $3,443,288 |
Bernard A Newcomb Foundation Mountain View, CA | $29 | $26,230 |
Fairbrook Foundation Los Angeles, CA | $45,940,000 | $4,530,945 |