Lawrence E & Elaine Smith Irell Foundation
- Assets
- $1.9m
- Revenue
- $360.5k
- Investments
- $92.6k
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- 12/1963
- Data as of
- 12/2023
- EIN
- 95-6058214
Organization Overview
Lawrence E & Elaine Smith Irell Foundation is located in Santa Monica, CA. The organization was established in 1963. 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. Lawrence E & Elaine Smith Irell 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, Lawrence E & Elaine Smith Irell Foundation generated $360.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $248.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lawrence E & Elaine Smith Irell Foundation has awarded 65 individual grants totaling $1,438,120. 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
PROVIDED CASH GRANTS TO EIGHT PUBLIC CHARITABLE EDUCATIONAL AND SCIENTIFIC ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen C Irell Trustee | 1 | $0 | |
Brigitte Targhetta Irell Trustee | 3 | $15,000 | |
Maia Irell Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,738 |
| Dividends & Interest | $57,600 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $360,511 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,220 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $833 |
| Total operating and administrative expenses | $25,753 |
| Contributions, gifts, grants paid | $223,000 |
| Total expenses and disbursements | $248,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,745,483 |
| 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 | $53,055 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,891,171 |
| 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, Lawrence E & Elaine Smith Irell Foundation has awarded $223,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
UNION OF CONCERNED SCIENTISTS PURPOSE: TO ASSIST THE ORGANIZATION TO MAINTAIN ITS CHARITABLE AND SCIENTIFIC SERVICES BENEFITING THE GENERAL PUBLIC AND THE SCIENTIFIC COMMUNITY. | $120,000 |
DOCTORS WITHOUT BORDERS USA PURPOSE: TO ASSIST THE ORGANIZATION TO MAINTAIN ITS CHARITABLE SERVICES BENEFITING THE GENERAL PUBLIC. | $15,000 |
CREATIVE QUEST FOUNDATION PURPOSE: TO ASSIST THE ORGANIZATION TO MAINTAIN ITS GOAL IN DEVELOPING EQUAL OPPORTUNITIES FOR MINORITIES IN PURSUING CAREERS IN THE ENTERTAINMENT AND PERFORMAING INDUSTRIES. | $12,000 |
INTERNATIONAL RESCUE COMMITTEE PURPOSE: TO ASSIST THE ORGANIZATION TO MAINTAIN ITS CHARITABLE SERVICES BENEFITTING REFUGEES AROUND THE WORLD. | $15,000 |
AMERICAN CIVIL LIBERTIES UNION FOUNDATION PURPOSE: TO ASSIST THE ORGANIZATION IN ACHIEVING ITS GOALS TO HELP END SOCIAL AND LEGAL INJUSTICE. | $30,000 |
LOS ANGELES INNOCENCE PROJECT PURPOSE: TO ASSIST THE ORGANIZATION IN MAINTAINING ITS CHARITABLE GOALS BENEFITTING WRONGLY CONVICTED AND INCARCERATED INNOCENT VICTIMS AND IN HELPING TO REFORM THE CRIMINAL JUSTICE SYSTEM. | $10,000 |