Marvin & Sondra Smalley Family Foundation
- Assets
- $2.5m
- Revenue
- $2.3m
- Investments
- $1.9m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 09/1968
- Data as of
- 12/2023
- EIN
- 95-2535589
Organization Overview
Marvin & Sondra Smalley Family Foundation is located in Los Angeles, CA. The organization was established in 1968. 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. Marvin & Sondra Smalley Family 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 12/2023, Marvin & Sondra Smalley Family Foundation generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 36.2% each year . All expenses for the organization totaled $683.6k during the year ending 12/2023. While expenses have increased by 7.1% per year over the past 9 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, Marvin & Sondra Smalley Family Foundation has awarded 241 individual grants totaling $3,829,710. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE FOUNDATION IS TO DISTRIBUTE TO QUALIFIED CHARITIES TO CARRY ON THEIR ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sondra Smalley President | 0 | $0 | |
Debra Smalley Secretary/cfo | 0 | $0 | |
Jeffrey Smalley Trustee | 0 | $0 | |
Scott Smalley Trustee | 0 | $0 | |
Lori Smalley Schwartz Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,985,405 |
| Interest on Savings | $0 |
| Dividends & Interest | $56,644 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $224,543 |
| Capital Gain Net Income | $224,543 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,004 |
| Total Revenue | $2,268,596 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $260 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $157,452 |
| Contributions, gifts, grants paid | $526,100 |
| Total expenses and disbursements | $683,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,901 |
| Savings and temporary cash investments | $388,190 |
| 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 | $2,479,357 |
| 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, Marvin & Sondra Smalley Family Foundation has awarded $526,100 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
MIRACLE PROJECT PURPOSE: GENERAL | $1,800 |
JEWISH COMMUNITY FOUNDATION PURPOSE: GENERAL | $85,000 |
CHILDREN'S HOSPITAL PURPOSE: GENERAL | $45,000 |
MOTHERS 2 MOTHERS PURPOSE: GENERAL | $10,000 |
ADAT ARI EL PURPOSE: GENERAL | $10,000 |
BEIT T'SHUVAH PURPOSE: GENERAL | $10,900 |