George Graham Smith & Elizabeth Galloway Smith Foundation Inc
George Graham Smith & Elizabeth Galloway Smith Foundation maintains steady asset growth with zero reported officer compensation.
EIN: 166031530 · Hopewell, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $735K |
| Total Expenses | $547K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $5.2M |
| Transparency Score | 85/100 |
Is George Graham Smith & Elizabeth Galloway Smith Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
George Graham Smith & Elizabeth Galloway Smith Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About George Graham Smith & Elizabeth Galloway Smith Foundation Inc
George Graham Smith & Elizabeth Galloway Smith Foundation Inc (EIN: 166031530) is a nonprofit organization based in Hopewell, NJ. The organization reported total revenue of $735K and total assets of $5.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of George Graham Smith & Elizabeth Galloway Smith Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
George Graham Smith & Elizabeth Galloway Smith Foundation Inc is a small nonprofit that has been operating for 66 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 12.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $631K |
| Total Expenses | $547K |
| Surplus / Deficit | +$84K |
| Total Assets | $5.2M |
| Total Liabilities | $1 |
| Net Assets | $5.2M |
| Operating Margin | 13.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 113.0 months |
Financial Health Grade: A
In 2024, George Graham Smith & Elizabeth Galloway Smith Foundation Inc reported a surplus of $84K with revenue exceeding expenses, holds 113.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), George Graham Smith & Elizabeth Galloway Smith Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +9.6% | +7.6% | +1.7% |
| 2023 | -11.9% | -16.0% | +1.3% |
| 2022 | -1.4% | +23.2% | +1.0% |
| 2021 | +26.0% | +0.8% | +3.6% |
| 2020 | +15.6% | +15.2% | +18.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1960 |
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 George Graham Smith & Elizabeth Galloway Smith Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, George Graham Smith & Elizabeth Galloway Smith Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $84K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The foundation consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization managing over $5 million in assets and hundreds of thousands in annual revenue. This suggests either a volunteer-led executive team or that executive services are provided pro bono or through an external entity not reported as direct compensation.
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 George Graham Smith & Elizabeth Galloway Smith Foundation Inc's IRS 990 filings:
- Unusual consistent reporting of $1 in liabilities
- Lack of NTEE code makes programmatic focus unclear without deeper investigation
Strengths
The following positive indicators were identified for George Graham Smith & Elizabeth Galloway Smith Foundation Inc:
- Consistent asset growth over a decade (from $3.87M to $5.26M)
- Zero reported officer compensation, indicating highly efficient executive management
- Minimal liabilities, demonstrating strong financial stability
- Expenses consistently below revenue in most recent years, ensuring sustainability
- Consistent IRS 990 filing history, indicating good transparency practices
Frequently Asked Questions about George Graham Smith & Elizabeth Galloway Smith Foundation Inc
Is George Graham Smith & Elizabeth Galloway Smith Foundation Inc a legitimate charity?
George Graham Smith & Elizabeth Galloway Smith Foundation Inc (EIN: 166031530) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $735K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does George Graham Smith & Elizabeth Galloway Smith Foundation Inc spend its money?
George Graham Smith & Elizabeth Galloway Smith Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to George Graham Smith & Elizabeth Galloway Smith Foundation Inc tax-deductible?
George Graham Smith & Elizabeth Galloway Smith Foundation Inc is registered as a tax-exempt nonprofit (EIN: 166031530). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the George Graham Smith & Elizabeth Galloway Smith Foundation Inc CEO make?
George Graham Smith & Elizabeth Galloway Smith Foundation Inc's highest-compensated officer earns $5 annually. The organization reported $735K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is George Graham Smith & Elizabeth Galloway Smith Foundation Inc located?
George Graham Smith & Elizabeth Galloway Smith Foundation Inc is headquartered in Hopewell, New Jersey and files with the IRS under EIN 166031530.
How many years of IRS 990 filings does George Graham Smith & Elizabeth Galloway Smith Foundation Inc have?
George Graham Smith & Elizabeth Galloway Smith Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $735K in total revenue.
How does the foundation manage to report 0% officer compensation consistently?
The consistent reporting of 0% officer compensation across all filings suggests that the foundation's leadership may be entirely volunteer-based, or that executive services are provided by an external entity or individual without direct compensation from the foundation's reported expenses. This is a significant factor in its operational efficiency.
What are the specific program areas the foundation supports?
Without an NTEE code or detailed program service accomplishments from the 990 filings, the specific program areas supported by the George Graham Smith & Elizabeth Galloway Smith Foundation Inc are not immediately clear from the provided data. Further review of the full 990 forms would be necessary.
Is the foundation's asset growth sustainable?
Yes, the foundation's assets have shown consistent growth from $3.87 million in 2012 to $5.26 million currently, with revenues generally exceeding expenses. This trend, coupled with minimal liabilities, indicates sustainable financial health and asset accumulation.
Why does the foundation consistently report $1 in liabilities?
The consistent reporting of $1 in liabilities across multiple recent filings is an unusual accounting detail. It could represent a nominal placeholder or a very specific, minor outstanding obligation, but it's not typical for an organization of this size. It doesn't appear to indicate a significant financial risk.
Filing History
IRS 990 filing history for George Graham Smith & Elizabeth Galloway Smith Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), George Graham Smith & Elizabeth Galloway Smith Foundation Inc's revenue has grown by 303.6%, moving from $156K to $631K. Total assets increased by 33.3% over the same period, from $3.9M to $5.2M. Total functional expenses rose by 74.6%, from $313K to $547K. In its most recent filing year (2024), George Graham Smith & Elizabeth Galloway Smith Foundation Inc reported a surplus of $84K, with revenue exceeding expenses. The organization holds $1 in liabilities against $5.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $631K | $547K | $5.2M | $1 | — | — |
| 2023 | $576K | $509K | $5.1M | $1 | — | View 990 |
| 2022 | $654K | $606K | $5.0M | $1 | — | View 990 |
| 2021 | $663K | $492K | $5.0M | $1 | — | — |
| 2020 | $526K | $488K | $4.8M | $0 | — | View 990 |
| 2016 | $455K | $423K | $4.1M | $0 | — | View 990 |
| 2015 | $369K | $453K | $4.0M | $0 | — | View 990 |
| 2014 | $412K | $445K | $4.1M | $0 | — | View 990 |
| 2013 | $726K | $453K | $4.1M | $0 | — | View 990 |
| 2012 | $156K | $313K | $3.9M | $0 | — | — |
Year-by-Year Financial Summary
- 2024: Revenue of $631K, expenses of $547K, and assets of $5.2M (revenue +9.6% year-over-year).
- 2023: Revenue of $576K, expenses of $509K, and assets of $5.1M (revenue -11.9% year-over-year).
- 2022: Revenue of $654K, expenses of $606K, and assets of $5.0M (revenue -1.4% year-over-year).
- 2021: Revenue of $663K, expenses of $492K, and assets of $5.0M (revenue +26.0% year-over-year).
- 2020: Revenue of $526K, expenses of $488K, and assets of $4.8M (revenue +15.6% year-over-year).
- 2016: Revenue of $455K, expenses of $423K, and assets of $4.1M (revenue +23.4% year-over-year).
- 2015: Revenue of $369K, expenses of $453K, and assets of $4.0M (revenue -10.5% year-over-year).
- 2014: Revenue of $412K, expenses of $445K, and assets of $4.1M (revenue -43.2% year-over-year).
- 2013: Revenue of $726K, expenses of $453K, and assets of $4.1M (revenue +364.0% year-over-year).
- 2012: Revenue of $156K, expenses of $313K, and assets of $3.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for George Graham Smith & Elizabeth Galloway Smith Foundation Inc:
Data Sources and Methodology
This transparency report for George Graham Smith & Elizabeth Galloway Smith 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.