Garrett B Smith Foundation: FY2022 Nonprofit Profile & Form 990 (EIN 06-6411358)

Revenue by fiscal year
FY2020	$117K
FY2021	$203K
FY2022	$86K
FY2023	$94K
FY2024	$169K
FY2025	$212K

Expenses by fiscal year
FY2020	$122K
FY2021	$165K
FY2022	$147K
FY2023	$155K
FY2024	$155K
FY2025	$161K

Net assets by fiscal year
FY2020	$1.7M
FY2021	$1.9M
FY2022	$1.6M
FY2023	$1.6M
FY2024	$1.6M
FY2025	$1.7M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

92%

Program services 92% · $135K Management & general 8% · $12K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation

Scott Smith

Pres/Director

$0Pt VII · Sec A

Heidi Smith

Secy/Treasurer

$0Pt VII · Sec A

See Garrett B Smith Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds cancer research, especially for children, and supports hospital entertainment programs.

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1 program · $135K · in their own filed words · FY2022

01

The foundation provides funds to support research in the treatmentof cancer, especially in children, and to support entertainmentprograms for those hospitalized children.

$135Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Bevan Daddino Foundation INCFY2024$1K

Total grants receivedfrom 1 funder$1K

Grants paid · 10 grants · $683K · 2020–2024

Yale New Haven HospitalCT · FY2024$93,250

The Breast Cancer Research Foundation INCNY · FY2024$50,000

Yale New Haven HospitalCT · FY2023$92,000

St Jude Children's Research Hospital INCTN · FY2023$50,000

Yale New Haven HospitalCT · FY2022$84,757

St Jude Children's Research Hospital INCTN · FY2022$50,000

Yale New Haven HospitalCT · FY2021$102,919

St Jude Children's Research Hospital INCTN · FY2021$50,000

Yale New Haven HospitalCT · FY2020$60,383

St Jude Children's Research Hospital INCTN · FY2020$50,000

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$86K

Ln 12

Gifts and grantsLn 1h$51K

Investment incomeLn 3$35K

Money outPt IX

$147K

Ln 25

Programscol B$135K

Managementcol C$12K

Owns and owesPt X

$1.6M

net assets · Ln 32

Cash and savingsLn 1–2$57K

Total assetsLn 16$1.6M

LiabilitiesLn 26$0

PeoplePt VI, VII

2

listed · VII A

PaidVII A0

Voting boardVI 1a2

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$51K

Noncash giftsLn 1g$1K

Investment incomeLn 3$35K

Gains on assetsLn 7−$13K

Total revenueLn 12$86K

Assets in detailPt X, end of year

SavingsLn 2$57K

Cash and savings togetherLn 1–2$57K

InvestmentsLn 11–13$1.5M

Total assetsLn 16$1.6M

LiabilitiesLn 26$0

Net assetsLn 32$1.6M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$66K	$57K
InvestmentsLn 11–13	$1.8M	$1.5M
Total assetsLn 16	$1.9M	$1.6M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$1.9M	$1.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$135K	$135K
Accounting feesLn 11c	$4K		$4K
Investment management feesLn 11f	$8K		$8K
Other expenses (24a–d)Ln 24	$209		$209
Total functional expensesLn 25	$147K	$135K	$12K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS May 12, 2026	$212K	$161K	$51K	$1.7M	990 PDF
FY2024Filed with the IRS May 15, 2025	$169K	$155K	$15K	$1.6M	990 PDF
FY2023Filed with the IRS May 13, 2024	$94K	$155K	−$61K	$1.6M	990 PDF
FY2022 ViewingFiled with the IRS May 15, 2023	$86K	$147K	−$60K	$1.6M	990 PDF
FY2021Filed with the IRS May 12, 2022	$203K	$165K	$38K	$1.9M	990 PDF
FY2020Filed with the IRS May 11, 2021	$117K	$122K	−$5K	$1.7M	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2022 990 (6 parts)

Part I · Summary $86,313 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $101,121$51,435

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $101,587$34,878

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $202,708$86,313

I-13 Grants and similar amounts paidPrior year $152,919$134,757

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $11,964$11,754

I-18 Total expensesPrior year $164,883$146,511

I-19 Revenue less expensesPrior year $37,825−$60,198

Part VI · Governance 2 of 2 board members independent, 5 to look at

VI-1a Voting members of the governing body2

VI-1b Independent voting members2

VI-2 Family or business relationship among officers or directorsYes

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

Part VIII · Statement of revenue $86,313 across 6 lines filed

Lines not itemized here account for $1,521 of total revenue; see the IRS return.

VIII-1f All other contributions, gifts and grants$51,435

VIII-1g Noncash contributions (included above)$1,135

VIII-1h Total contributions, gifts and grants$51,435

VIII-3 Investment incomeExcluded from tax $45,871$45,871

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$12,514−$12,514

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $34,878$86,313

Part IX · Statement of functional expenses $146,511 across 4 lines filed

IX-1 Grants to domestic organizationsPrograms $134,757$134,757

IX-11c Accounting feesManagement $3,609$3,609

IX-11f Investment management feesManagement $7,936$7,936

IX-24 Other expenses (24a–d)Management $209$209

IX-25 Total functional expensesPrograms $134,757 · Management $11,754 · Fundraising $0$146,511

Part X · Balance sheet $1,576,162 assets, 6 lines filed

X-2 Savings and temporary cash investmentsStart of year $66,069$56,574

X-11 Publicly traded securitiesStart of year $1,805,136$1,519,588

X-16 Total assetsStart of year $1,871,205$1,576,162

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $1,871,205$1,576,162

X-33 Total liabilities and net assetsStart of year $1,871,205$1,576,162

Part XI · Reconciliation of net assets $1,576,162 net assets at year end

XI-1 Total revenue$86,313

XI-2 Total expenses$146,511

XI-3 Revenue less expenses−$60,198

XI-4 Net assets at start of year$1,871,205

XI-5 Net unrealized gains (losses) on investments−$232,109

XI-8 Prior period adjustments−$2,736

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,576,162

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Garrett B Smith Foundation FY2022 filing

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