Smith Brothers Family Foundation Inc
- Assets
- $37.5m
- Revenue
- $22.6m
- Investments
- $36.3m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- Data as of
- 12/2020
- EIN
- 84-3726366
Organization Overview
Smith Brothers Family Foundation Inc is located in Louisville, KY. 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 Brothers 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 12/2020, Smith Brothers Family Foundation Inc generated $22.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (21.5%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott S Smith President | 1 | $0 | |
Sean S Smith Vice-President | 1 | $0 | |
Shandralyn D Smith Treasurer | 1 | $0 | |
Victoria A Smith Secretary | 1 | $0 | |
Barry C Brauch Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $658,502 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,965,743 |
| Capital Gain Net Income | $21,965,743 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,624,245 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $5,425 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $23,787 |
| Printing and publications | $0 |
| Other expenses | $19,428 |
| Total operating and administrative expenses | $56,616 |
| Contributions, gifts, grants paid | $1,166,754 |
| Total expenses and disbursements | $1,223,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,225,798 |
| 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 | $37,497,983 |
| 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 Brothers Family Foundation Inc has awarded $1,248,935 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
PALM BEACH COMMUNITY FOUNDATION PURPOSE: TO SUPPORT PALM BEACH COMMUNITY FOUNDATION. | $1,244,513 |
Palm Beach Gardens, FL PURPOSE: TO SUPPORT PLACE OF HOPE. | $1,843 |
ALZHEIMER'S ASSOCIATION PURPOSE: TO SUPPORT ALZHEIMER'S ASSOCIATION. | $1,000 |
Louisville, KY PURPOSE: TO SUPPORT NATIONAL CENTER FOR FAMILIES. | $1,000 |
ADOPT A FAMILY PURPOSE: TO SUPPORT ADOPT A FAMILY. | $579 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |