Smith Family Foundation Inc
- Assets
- $8.4m
- Revenue
- $1.5m
- Investments
- $6.7m
- Employees
- 0
- Location
- Trenton, NJ
- Founding
- 07/2016
- Data as of
- 06/2022
- 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 06/2022, Smith Family Foundation Inc generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 4 years. 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
2022
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 |
|---|---|---|---|
Katherine Nunnally Executive Dir. | 44 | $0 | |
Pearlie Smith Director | 1 | $0 | |
Tyrell Smith Treasurer | 4 | $45,173 | |
Valerie Arthur Chairman | 20 | $15,100 | |
Darius Ansley Board Member | 4 | $0 | |
Teela Smith Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $975,385 |
| Interest on Savings | $20,647 |
| Dividends & Interest | $186,824 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $247,692 |
| Capital Gain Net Income | $247,692 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $72,378 |
| Total Revenue | $1,502,926 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $141,954 |
| Other employee salaries and wages | $184,983 |
| Pension plans, employee benefits | $0 |
| Interest | $35,516 |
| Taxes | $43,139 |
| Depreciation | $25,257 |
| Occupancy | $1,542 |
| Travel, conferences, and meetings | $1,279 |
| Printing and publications | $0 |
| Other expenses | $424,750 |
| Total operating and administrative expenses | $947,607 |
| Contributions, gifts, grants paid | $105,536 |
| Total expenses and disbursements | $1,053,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $271,289 |
| 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 | $6,703,736 |
| Net Land, buildings, and equipment | $1,456,499 |
| Other assets | $0 |
| Total assets | $8,431,524 |
| 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 | $531 |
| Total liabilities | $531 |
Grants Awarded
Over the last fiscal year, Smith Family Foundation Inc has awarded $239,450 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
SHE WINS INC PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
MILL HILL CHILD AND FAMILY DEV CTR PURPOSE: CHARITABLE CONTRIBUTION | $7,500 |
HELP SELF CDC PURPOSE: CHARITABLE CONTRIBUTION | $26,000 |
SPECIAL PARENTS ADVOCACY GROUP PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
TRENTON CIRCUS SQUAD PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
YOUNG SCHOLARS' INSTITUTE PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |