Smith Family Fund 07-02-002-0188748
- Assets
- $801.6k
- Revenue
- $30.6k
- Investments
- $757.7k
- Employees
- 0
- Location
- Columbia, SC
- Founding
- 05/2001
- Data as of
- 11/2023
- EIN
- 91-2056433
Organization Overview
Smith Family Fund 07-02-002-0188748 is located in Columbia, SC. The organization was established in 2001. 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 Family Fund 07-02-002-0188748 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 11/2023, Smith Family Fund 07-02-002-0188748 generated $30.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $60.1k during the year ending 11/2023. While expenses have increased by 6.4% per year over the past 4 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 2020, Smith Family Fund 07-02-002-0188748 has awarded 36 individual grants totaling $162,000. 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 |
|---|---|---|---|
Joel A Smith III Officer | 0 | $0 | |
Mary Lowndes Macdonald Secretary | 0 | $3,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,421 |
| Dividends & Interest | $20,298 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,873 |
| Capital Gain Net Income | $7,873 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,592 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $877 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $15,105 |
| Contributions, gifts, grants paid | $45,000 |
| Total expenses and disbursements | $60,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4 |
| Savings and temporary cash investments | $43,852 |
| 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 | $757,742 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $801,598 |
| 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 Family Fund 07-02-002-0188748 has awarded $45,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
HARVEST HOPE FOOD BANK PURPOSE: CHARITABLE | $2,000 |
WOMEN'S RIGHTS AND EMPOWERMENT PURPOSE: CHARITABLE | $2,000 |
COMMUNITIES IN SCHOOLS PURPOSE: CHARITABLE | $1,000 |
NICKELODEON THEATER PURPOSE: CHARITABLE | $2,000 |
NEW MORNING PURPOSE: CHARITABLE | $5,000 |
SC PHILHARMONIC PURPOSE: CHARITABLE | $2,000 |