Edward Craig Smith Scholarship Foundation Inc
Edward Craig Smith Scholarship Foundation faces declining assets and recurring net losses.
EIN: 200926682 · Russellville, AR · NTEE: T22 · Updated: 2026-03-28
Is Edward Craig Smith Scholarship Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Edward Craig Smith Scholarship Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Edward Craig Smith Scholarship Foundation Inc
Edward Craig Smith Scholarship Foundation Inc (EIN: 200926682) is a nonprofit organization based in Russellville, AR, classified under NTEE code T22. The organization reported total revenue of $3K and total assets of $194K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edward Craig Smith Scholarship Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Edward Craig Smith Scholarship Foundation Inc is a micro nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -175.1% | -45.1% | -13.3% |
| 2022 | +103.1% | +17.4% | -1.5% |
| 2021 | +79.7% | +6.1% | +12.3% |
| 2019 | -113.5% | -73.5% | -30.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Edward Craig Smith Scholarship Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Edward Craig Smith Scholarship Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that no salaries or benefits are paid to officers, which is highly commendable for a small foundation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Edward Craig Smith Scholarship Foundation Inc's IRS 990 filings:
- Consistent net losses in recent years (e.g., $-12,343 revenue vs $10,940 expenses in 2023).
- Significant decline in total assets over the past decade (from $406,652 in 2011 to $196,767 in 2023).
- Negative revenue reported in multiple filing periods (e.g., 2023 and 2019).
Strengths
The following positive indicators were identified for Edward Craig Smith Scholarship Foundation Inc:
- 0% officer compensation reported across all filings, indicating no executive pay.
- Consistently low liabilities ($1 reported across all filings).
Frequently Asked Questions about Edward Craig Smith Scholarship Foundation Inc
Is Edward Craig Smith Scholarship Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Edward Craig Smith Scholarship Foundation Inc (EIN: 200926682) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Edward Craig Smith Scholarship Foundation Inc spend its money?
Edward Craig Smith Scholarship Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Edward Craig Smith Scholarship Foundation Inc tax-deductible?
Edward Craig Smith Scholarship Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200926682). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Edward Craig Smith Scholarship Foundation Inc. financially sustainable?
Based on the provided data, the foundation's financial sustainability is questionable due to consistent net losses in recent years (e.g., $-12,343 revenue vs $10,940 expenses in 2023) and a significant decline in assets from $406,652 in 2011 to $196,767 in 2023.
What caused the significant decline in assets?
The provided data does not specify the exact causes for the asset decline, but recurring net losses (expenses exceeding revenue) and potentially investment performance are likely contributing factors.
How does the foundation cover its expenses with negative or low revenue?
With negative revenue in some years (e.g., 2023 and 2019) and expenses consistently exceeding revenue in others (e.g., 2022, 2021, 2020), the foundation appears to be drawing down its existing assets to cover operational costs.
Filing History
IRS 990 filing history for Edward Craig Smith Scholarship Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Edward Craig Smith Scholarship Foundation Inc's revenue has declined by 126.3%, moving from $47K to $-12,343. Total assets decreased by 51.6% over the same period, from $407K to $197K. Total functional expenses fell by 43.2%, from $19K to $11K. The organization holds $1 in liabilities against $197K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $197K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-12,343 | $11K | $197K | $1 | — | View 990 |
| 2022 | $16K | $20K | $227K | $1 | — | — |
| 2021 | $8K | $17K | $230K | $1 | — | View 990 |
| 2020 | $5K | $16K | $205K | $1 | — | View 990 |
| 2019 | $-6,695 | $7K | $265K | $1 | — | View 990 |
| 2015 | $50K | $26K | $382K | $1 | — | View 990 |
| 2014 | $18K | $9K | $358K | $1 | — | View 990 |
| 2013 | $2K | $22K | $350K | $1 | — | View 990 |
| 2012 | $6K | $18K | $378K | $1 | — | View 990 |
| 2011 | $47K | $19K | $407K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-12,343, expenses of $11K, and assets of $197K (revenue -175.1% year-over-year).
- 2022: Revenue of $16K, expenses of $20K, and assets of $227K (revenue +103.1% year-over-year).
- 2021: Revenue of $8K, expenses of $17K, and assets of $230K (revenue +79.7% year-over-year).
- 2020: Revenue of $5K, expenses of $16K, and assets of $205K.
- 2019: Revenue of $-6,695, expenses of $7K, and assets of $265K (revenue -113.5% year-over-year).
- 2015: Revenue of $50K, expenses of $26K, and assets of $382K (revenue +181.9% year-over-year).
- 2014: Revenue of $18K, expenses of $9K, and assets of $358K (revenue +689.3% year-over-year).
- 2013: Revenue of $2K, expenses of $22K, and assets of $350K (revenue -63.6% year-over-year).
- 2012: Revenue of $6K, expenses of $18K, and assets of $378K (revenue -87.0% year-over-year).
- 2011: Revenue of $47K, expenses of $19K, and assets of $407K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Edward Craig Smith Scholarship Foundation Inc:
Data Sources and Methodology
This transparency report for Edward Craig Smith Scholarship Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.