Smith Martini Foundation
- Assets
- $251.5k
- Revenue
- $37.0k
- Investments
- $249.9k
- Employees
- 0
- Location
- Carmel, CA
- Founding
- 01/2018
- Data as of
- 05/2024
- EIN
- 82-3361888
Organization Overview
Smith Martini Foundation is located in Carmel, CA. The organization was established in 2018. 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. Smith Martini 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 05/2024, Smith Martini Foundation generated $37.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $292.3k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Smith Martini Foundation has awarded 40 individual grants totaling $1,720,605. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASHEVILLE BUNCOMBE CHRISTIAN MINISTRY (ABCCM)
LAKE TOXAWAY CHARITIES
ST VINCENT SOCIETY
TRANSYLVANIA CHRISTIAN MINISTRY, INC. (SHARING HOUSE)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robyn Harrell President | 4 | $0 | |
Robert Harrell IV Vice President | 1 | $0 | |
Ryan Rouse Vice President | 2 | $0 | |
Bob Harrell Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $48 |
| Dividends & Interest | $12,072 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,860 |
| Capital Gain Net Income | $24,860 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $36,980 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,849 |
| Contributions, gifts, grants paid | $290,500 |
| Total expenses and disbursements | $292,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,598 |
| 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 | $91,127 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $251,451 |
| 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, Smith Martini Foundation has awarded $290,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ABCCM PURPOSE: HELPING AND SERVING THE NEEDY | $200,000 |
SET FREE MONTEREY BAY PURPOSE: ANTI-HUMAN TRAFFICKING ASSISTANCE | $14,500 |
SHARING HOUSE PURPOSE: CRISIS ASSISTANCE | $66,000 |
FIRST PRESBYTERIAN CHURCH OF KINGSW PURPOSE: MINISTRY - SERVING THE NEEDY | $10,000 |