Smith Family Foundation Inc
- Assets
- $9.1m
- Revenue
- $726.1k
- Investments
- $7.7m
- Employees
- 0
- Location
- Trenton, NJ
- Founding
- 07/2016
- Data as of
- 06/2021
- EIN
- 81-3238811
Organization Overview
Smith Family Foundation Inc is located in Trenton, NJ. The organization was established in 2016. 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. Smith Family Foundation Inc 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 06/2021, Smith Family Foundation Inc generated $726.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (22.6%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Smith Family Foundation Inc has awarded 81 individual grants totaling $1,024,355. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES FUNDING OPPORTUNITIES TO 501(C)(3) DESIGNATED ORGANIZATIONS WHO EXHIBIT A COMMITMENT TO EMPOWERING THE CITY OF TRENTON. THESE ORGANIZATIONS WILL DEMONSTRATE A NEED FOR LEADERSHIP AND CAPACITY BUILDING AS WELL AS A WILLINGNESS TO PARTICIPATE IN TRAINING AND ENRICHMENT SESSIONS THROUGHOUT THE GRANT-CYCLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harold Smith Board Member | 4 | $50,822 | |
Tyrell Smith Board Member | 4 | $45,173 | |
Teela Smith Board Member | 4 | $42,998 | |
Valerie Arthur Executive Chair | 20 | $14,290 | |
Katherine Nunnally Executive Dir. | 44 | $5,344 | |
Pearlie Smith Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $260,163 |
| Interest on Savings | $15,947 |
| Dividends & Interest | $139,778 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $230,358 |
| Capital Gain Net Income | $230,358 |
| Net ST Capital Gain | $3,964 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $79,861 |
| Total Revenue | $726,107 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $158,627 |
| Other employee salaries and wages | $262,491 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $53,286 |
| Depreciation | $27,055 |
| Occupancy | $6,354 |
| Travel, conferences, and meetings | $1,318 |
| Printing and publications | $0 |
| Other expenses | $416,202 |
| Total operating and administrative expenses | $984,378 |
| Contributions, gifts, grants paid | $239,450 |
| Total expenses and disbursements | $1,223,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $265,006 |
| Savings and temporary cash investments | $0 |
| 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 | $7,694,153 |
| Net Land, buildings, and equipment | $476,472 |
| Other assets | $639,783 |
| Total assets | $9,075,414 |
| Accounts payable and accrued expenses | $75 |
| 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 | $75 |
Grants Awarded
Over the last fiscal year, Smith Family Foundation Inc has awarded $239,450 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
NJ PANDEMIC RELIEF FUND PURPOSE: CHARITABLE CONTRIBUTION | $50,000 |
HELP SELF CDC PURPOSE: CHARITABLE CONTRIBUTION | $26,000 |
HOME WORKS PURPOSE: CHARITABLE CONTRIBUTION | $26,000 |
KINDER SMILE ORAL HEALTH CENTER PURPOSE: CHARITABLE CONTRIBUTION | $25,000 |
HOWARDS HEALTHY CHOICE INC PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
URBAN PROMISE PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Smith Family Foundation Inc has recieved totaling $18,000.
| Awarding Organization | Amount |
|---|---|
Isles Inc Trenton, NJ PURPOSE: EXTENDED EVENING PROGRAM | $18,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |
Theodore J Forstmann Charitable Trust New York, NY | $79,816,371 | $674,210 |
The Carol A Ammon Foundation Albany, NY | $10,088,469 | $6,097,174 |