Smith Brothers Family Foundation Inc
- Assets
- $35.3m
- Revenue
- -$232.2k
- Investments
- $34.9m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- Data as of
- 12/2022
- 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.
Since 2020, Smith Brothers Family Foundation Inc has awarded 40 individual grants totaling $5,061,490. 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
NOT APPLICABLE
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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 | $1,794 |
| Dividends & Interest | $1,268,966 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,844,191 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $341,227 |
| Total Revenue | -$232,204 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $50,833 |
| Pension plans, employee benefits | $0 |
| Interest | $259,496 |
| Taxes | $79,843 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $45,327 |
| Printing and publications | $0 |
| Other expenses | $15,722 |
| Total operating and administrative expenses | $639,944 |
| Contributions, gifts, grants paid | $947,565 |
| Total expenses and disbursements | $1,587,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,026 |
| 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 | $354,269 |
| 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 | $35,319,384 |
| 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 $1,698,236 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ADOPT A FAMILY PURPOSE: TO SUPPORT ADOPT A FAMILY | $880 |
BROWN UNIVERSITY PURPOSE: TO SUPPORT BROWN UNIVERSITY | $1,000 |
FRIENDS OF MANATEE LAGOON INC PURPOSE: TO SUPPORT FRIENDS OF MANATEES | $5,250 |
PALM BEACH COMMUNITY FOUNDATION PURPOSE: TO SUPPORT PALM BEACH COMMUNITY FOUNDATION | $1,607,003 |
PLACE OF HOPE PURPOSE: DONATION TO SUPPORT YOUTH IN FOSTER CARE | $12,046 |
SELFLESS LOVE FOUNDATION PURPOSE: TO SUPPORT SELFLESS LOVE FOUNDATION | $20,000 |