Lon V Smith Foundation
- Assets
- $24.5m
- Revenue
- $1.7m
- Investments
- $23.4m
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 08/1955
- Data as of
- 12/2022
- EIN
- 95-6045384
Organization Overview
Lon V Smith Foundation is located in Beverly Hills, CA. The organization was established in 1955. 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. Lon V Smith 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, Lon V Smith Foundation generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lon V Smith Foundation has awarded 1,192 individual grants totaling $14,672,098. 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 |
|---|---|---|---|
Michael Lahn President | 0 | $25,842 | |
Louise Offit Secretary | 0 | $72,705 | |
Stephen A Rados President | 0 | $18,617 | |
Lawrance Clark Vice President | 0 | $8,400 | |
Kirk Wilkinson Vice President | 0 | $9,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,876 |
| Dividends & Interest | $571,239 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $703,280 |
| Capital Gain Net Income | $703,280 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $459,524 |
| Total Revenue | $1,741,919 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $134,564 |
| Other employee salaries and wages | $11,897 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $77,864 |
| Depreciation | $0 |
| Occupancy | $69,660 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,361 |
| Total operating and administrative expenses | $326,346 |
| Contributions, gifts, grants paid | $1,589,500 |
| Total expenses and disbursements | $1,915,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,135 |
| Savings and temporary cash investments | $1,068,949 |
| 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 | $23,383,342 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $21,906 |
| Total assets | $24,489,332 |
| 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, Lon V Smith Foundation has awarded $1,589,500 in support to 120 organizations.
| Grant Recipient | Amount |
|---|---|
1736 FAMILY CRISIS CENTER PURPOSE: UNRESTRICTED | $5,000 |
A PLACE CALLED HOME PURPOSE: UNRESTRICTED | $12,500 |
AIRPORT MARINA COUNSELING SERVICE PURPOSE: UNRESTRICTED | $5,000 |
APLA HEALTH PURPOSE: UNRESTRICTED | $5,000 |
ALZHEIMERS LOS ANGELES PURPOSE: UNRESTRICTED | $15,000 |
ALZHEIMERS ORANGE COUNTY PURPOSE: UNRESTRICTED | $15,000 |