Smith & Atcheson Fund For Excellence Inc
- Assets
- $1.0m
- Revenue
- $58.2k
- Investments
- $995.9k
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/2018
- Data as of
- 12/2022
- EIN
- 82-3533349
Organization Overview
Smith & Atcheson Fund For Excellence Inc is located in Washington, DC. The organization was established in 2018. 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 & Atcheson Fund For Excellence 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 12/2022, Smith & Atcheson Fund For Excellence Inc generated $58.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (37.9%) each year. All expenses for the organization totaled $91.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Smith & Atcheson Fund For Excellence Inc has awarded 51 individual grants totaling $294,639. 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
DISBURSE FUNDS TO NON-PROFITS VOTED ON BY BOARD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gene M Smith President & Founder | 1 | $0 | |
Rachel K Atcheson Secretary | 1 | $0 | |
Gail S Cornell Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,280 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,599 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,310 |
| Capital Gain Net Income | $128,677 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,189 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,687 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $280 |
| Total operating and administrative expenses | $15,653 |
| Contributions, gifts, grants paid | $76,162 |
| Total expenses and disbursements | $91,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,227 |
| Savings and temporary cash investments | $7,455 |
| 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 | $130,550 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,008,605 |
| 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 & Atcheson Fund For Excellence Inc has awarded $76,162 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
GOOD FOOD INSTITUTE PURPOSE: GENERAL MISSION | $10,563 |
Los Angeles, CA PURPOSE: GENERAL MISSION | $10,000 |
CHRISTIAN APPALACHIAN PROJECT PURPOSE: GENERAL MISSION | $10,000 |
VEGAN OUTREACH PURPOSE: GENERAL MISSION | $7,744 |
Washington, DC PURPOSE: GENERAL MISSION | $5,205 |
PINEY WOODS SCHOOL PURPOSE: GENERAL MISSION | $5,150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nora Roberts Foundation Inc Glenn Dale, MD | $90,657,767 | $17,263,079 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |
Reinhart Foundation Richmond, VA | $39,727,277 | $36,137,915 |
Charles T Bauer Charitable Foundation Baltimore, MD | $0 | $6,889,193 |
Oak Hill Fund Charlottesville, VA | $99,384,131 | $7,166,197 |
Marriott Daughters Foundation Bethesda, MD | $79,408,936 | $2,865,441 |
Sylvan C Herman Foundation Inc Washington, DC | $0 | $6,659,474 |
Naomi And Nehemiah Cohen Foundation Virginia Corporation Bethesda, MD | $106,455,928 | $12,590,743 |
Philip E And Carole R Ratcliffe Foundation Inc Annapolis, MD | $79,583,237 | $1,732,443 |
Robert W Deutsch Foundation Inc Baltimore, MD | $100,203,455 | $8,883,703 |
Osprey Foundation Inc Towson, MD | $44,691,331 | $9,367,079 |
Cornell Douglas Foundation Inc Bethesda, MD | $57,870,904 | $7,716,389 |