Ryan And Ashley Smith Foundation
- Assets
- $70.9m
- Revenue
- $2.9m
- Investments
- $70.6m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 84-1918005
Organization Overview
Ryan And Ashley Smith Foundation is located in Salt Lake City, UT. The organization was established in 2019. 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. Ryan And Ashley Smith 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 12/2021, Ryan And Ashley Smith Foundation generated $2.9m 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 (66.2%) each year. All expenses for the organization totaled $5.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ryan And Ashley Smith Foundation has awarded 66 individual grants totaling $7,407,679. 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 |
|---|---|---|---|
Ashley Smith Trustee | 5 | $0 | |
Ryan Smith Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $612,964 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,304,639 |
| Capital Gain Net Income | $2,304,639 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,917,603 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3,048 |
| Taxes | $40,981 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $78,451 |
| Total operating and administrative expenses | $146,449 |
| Contributions, gifts, grants paid | $4,895,000 |
| Total expenses and disbursements | $5,041,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $300,293 |
| 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 | $0 |
| Total assets | $70,867,481 |
| 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, Ryan And Ashley Smith Foundation has awarded $4,895,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ENCIRCLE PURPOSE: GENERAL UNRESTRICTED | $2,000,000 |
UTAH JAZZ FOUNDATION PURPOSE: GENERAL UNRESTRICTED | $1,300,000 |
LOVELOUD FOUNDATION PURPOSE: GENERAL UNRESTRICTED | $1,000,000 |
VIRGINIA 30 DAY FUND PURPOSE: GENERAL UNRESTRICTED | $500,000 |
Salt Lake City, UT PURPOSE: GENERAL UNRESTRICTED | $50,000 |
UTAH FOOD BANK PURPOSE: GENERAL UNRESTRICTED | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Brent Eley Center Inc Aurora, CO | $0 | $0 |
Boettcher Foundation Denver, CO | $266,743,315 | $22,782,794 |
Charityvision International Inc Provo, UT | $7,076,179 | $9,590,152 |
R Foundation Kaysville, UT | $410,534 | $5,235,533 |
The Piton Foundation Denver, CO | $212,611,882 | $13,782,087 |
Stonewall Foundation Tucson, AZ | $0 | $109,268 |
Ssb Charitable Foundation Colorado Springs, CO | $10,867,168 | $21,135,487 |
Dick Scheffel Family Charitable Foundation Reno, NV | $5,433,390 | $2,908,793 |
The W W Smith Charitable Trust Las Vegas, NV | $204,297,707 | $16,939,254 |