Smart Family Foundation Of New York
- Assets
- $50.5m
- Revenue
- $6.7m
- Investments
- $48.1m
- Employees
- 0
- Location
- New Rochelle, NY
- Founding
- 09/2016
- Data as of
- 12/2021
- EIN
- 81-3395492
Organization Overview
Smart Family Foundation Of New York is located in New Rochelle, NY. The organization was established in 2016. 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. Smart Family Foundation Of New York 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 12/2021, Smart Family Foundation Of New York generated $6.7m 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 (27.3%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Smart Family Foundation Of New York has awarded 224 individual grants totaling $7,503,500. 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 |
|---|---|---|---|
Mary Smart Chair,secretary And Direct | 15 | $110,000 | |
David Stone President,treasurer And Di | 15 | $110,000 | |
Jim Danatos Director | 5 | $25,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jp Morgan | 12/30/21 | $182,666 |
Tm Byxbee Company | 12/30/21 | $51,460 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,194,585 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,529,900 |
| Capital Gain Net Income | $5,529,900 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,724,485 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $245,000 |
| Other employee salaries and wages | $14,375 |
| Pension plans, employee benefits | $15,533 |
| Interest | $0 |
| Taxes | $82,996 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $35,618 |
| Printing and publications | $0 |
| Other expenses | $37,469 |
| Total operating and administrative expenses | $805,742 |
| Contributions, gifts, grants paid | $2,561,000 |
| Total expenses and disbursements | $3,366,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,029,132 |
| Savings and temporary cash investments | $149,634 |
| 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 | $206,000 |
| Total assets | $50,480,535 |
| 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 | $6,548 |
| Total liabilities | $6,548 |
Grants Awarded
Over the last fiscal year, Smart Family Foundation Of New York has awarded $2,561,000 in support to 73 organizations.
| Grant Recipient | Amount |
|---|---|
FRACTURED ATLAS INC PURPOSE: RUTKA | $200,000 |
New York, NY PURPOSE: JONATHAN BOIES MEMORIAL FUND | $150,000 |
AMERICAN FRIENDS OF HEBREW UNIVERSITY PURPOSE: HEBREW UNIVERSITY OF JERUSALEM INITIATIVE | $125,000 |
Newark, NJ PURPOSE: GENERAL OPERATING | $125,000 |
POINTSMAN FOUNDATION PURPOSE: FUNDING TO BEGIN WORK PRODUCING RARE ISOTOPES NEEDED FOR NUTRITION STUDIES AND DIAGNOSIS, PARTICULARLY IRON ISOTOPES | $111,500 |
AMERICAN ASSOCIATION BEN GURION UNIVERISTY OF THE NEGEV PURPOSE: ARAD LABORATORY | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Smart Family Foundation Of New York has recieved totaling $52,314,874.
| Awarding Organization | Amount |
|---|---|
The Smart Family Foundation Inc New Rochelle, NY PURPOSE: EXCLUSIVELY RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501( C )(3) OF THE INTERNAL REVENUE CODE | $52,314,874 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |