Smith-Barbieri Progressive Fund A Charitable Foundation
- Assets
- $7.3m
- Revenue
- $1.1m
- Investments
- $6.8m
- Employees
- 0
- Location
- Spokane, WA
- Founding
- 09/1998
- Data as of
- 12/2022
- EIN
- 91-1914985
Organization Overview
Smith-Barbieri Progressive Fund A Charitable Foundation is located in Spokane, WA. The organization was established in 1998. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Smith-Barbieri Progressive Fund A Charitable 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 12/2022, Smith-Barbieri Progressive Fund A Charitable Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 14.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Smith-Barbieri Progressive Fund A Charitable Foundation has awarded 270 individual grants totaling $5,098,411. 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 Mission:
Part 3 - Line 1
HELP ENSURE THOSE IN NEED HAVE EVERY OPPORTUNITY TO SUCCEED BY REDUCING POVERTY, BROADENING AFFORDABLE HOUSING, FOSTERING A MORE DYNAMIC AND POWERFUL CONSTITUENCY AND SPOTLIGHTING OUR REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS UNDER $5,000 USED FOR VARIOUS CHARITABLE PURPOSES.
GRANTS OVER $5,000 USED FOR VARIOUS CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald K Barbieri Trustee | 1 | $0 | |
Sharon K Smith Trustee | 1 | $0 | |
Lerria Schuh Executive Director | 40 | $93,950 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $85,937 |
| Interest on Savings | $10,974 |
| Dividends & Interest | $102,409 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $933,743 |
| Capital Gain Net Income | $933,743 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,133,063 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $93,950 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $9,880 |
| Interest | $0 |
| Taxes | $11,587 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $173,217 |
| Total operating and administrative expenses | $288,781 |
| Contributions, gifts, grants paid | $1,132,259 |
| Total expenses and disbursements | $1,421,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $361,663 |
| 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 | $65,071 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $227,362 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $21,244 |
| Total assets | $7,278,771 |
| 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-Barbieri Progressive Fund A Charitable Foundation has awarded $1,132,259 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
TRANSITIONS PURPOSE: HELP HOMESLESS WOMEN WITH CHILDREN TRANSITIONS OUT OF POVERTY | $25,250 |
SPOKANE EDIBLE TREE PROJECT PURPOSE: COMMUNITY ENRICHMENT | $5,000 |
SANDPOINT AREA SENIORS PURPOSE: COMMUNITY ENRICHMENT | $7,500 |
NAMI SPOKANE PURPOSE: COMMUNITY ENRICHMENT | $12,000 |
NAACP PURPOSE: COMMUNITY ENRICHMENT | $5,000 |
IMPANDA PURPOSE: COMMUNITY ENRICHMENT | $35,000 |