Ian And Margaret Smith Family Foundation Inc
Ian And Margaret Smith Family Foundation Inc maintains strong assets and zero officer compensation.
EIN: 134201730 · Pennington, NJ · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $765K |
| Total Expenses | $94K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.6M |
| Net Assets | $1.6M |
| Transparency Score | 85/100 |
Is Ian And Margaret Smith Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ian And Margaret Smith Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ian And Margaret Smith Family Foundation Inc
Ian And Margaret Smith Family Foundation Inc (EIN: 134201730) is a nonprofit organization based in Pennington, NJ, classified under NTEE code T22. The organization reported total revenue of $765K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ian And Margaret Smith Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ian And Margaret Smith Family Foundation Inc is a small nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $106K |
| Total Expenses | $94K |
| Surplus / Deficit | +$12K |
| Total Assets | $1.6M |
| Total Liabilities | $1 |
| Net Assets | $1.6M |
| Operating Margin | 11.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 206.1 months |
Financial Health Grade: A
In 2023, Ian And Margaret Smith Family Foundation Inc reported a surplus of $12K with revenue exceeding expenses, holds 206.1 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 (2011–2023), Ian And Margaret Smith Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.6% | +57.5% | +0.8% |
| 2022 | -35.7% | -52.6% | +5.5% |
| 2021 | +76.8% | +29.3% | +6.8% |
| 2020 | -10.3% | +11.7% | +2.0% |
| 2019 | +28.5% | +335.3% | +24.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Ian And Margaret Smith Family 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, Ian And Margaret Smith Family 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $12K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its asset size ($1.6M in 2023) and suggests a volunteer-led or very lean operational structure.
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 Ian And Margaret Smith Family Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided summary data, making precise efficiency calculations difficult.
- Significant expense exceeding revenue in 2012 ($268,518 expenses vs. $70,666 revenue) without further context.
Strengths
The following positive indicators were identified for Ian And Margaret Smith Family Foundation Inc:
- Consistent asset growth, reaching $1,619,558 in 2023.
- Zero officer compensation reported across all filings, indicating high efficiency and dedication.
- Minimal liabilities, consistently reported as $1 in recent years.
- Consistent filing of IRS 990 forms, demonstrating transparency.
- Generally well-managed expenses relative to revenue.
Frequently Asked Questions about Ian And Margaret Smith Family Foundation Inc
Is Ian And Margaret Smith Family Foundation Inc a legitimate charity?
Ian And Margaret Smith Family Foundation Inc (EIN: 134201730) 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: $765K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Ian And Margaret Smith Family Foundation Inc spend its money?
Ian And Margaret Smith Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Ian And Margaret Smith Family Foundation Inc tax-deductible?
Ian And Margaret Smith Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 134201730). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ian And Margaret Smith Family Foundation Inc CEO make?
Ian And Margaret Smith Family Foundation Inc's highest-compensated officer earns $1.6M annually. The organization reported $765K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Ian And Margaret Smith Family Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ian And Margaret Smith Family Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ian And Margaret Smith Family Foundation Inc located?
Ian And Margaret Smith Family Foundation Inc is headquartered in Pennington, New Jersey and files with the IRS under EIN 134201730. It is classified under NTEE code T22.
How many years of IRS 990 filings does Ian And Margaret Smith Family Foundation Inc have?
Ian And Margaret Smith Family 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 $765K in total revenue.
Is Ian And Margaret Smith Family Foundation Inc a good charity?
Based on the available data, the foundation exhibits strong financial health with growing assets and minimal liabilities. The consistent 0% officer compensation is a significant positive indicator of efficiency and dedication to mission. However, without a detailed breakdown of program vs. administrative expenses, a full assessment of 'goodness' is limited, though the lack of executive salaries suggests a high proportion of funds likely go to programs.
How does the foundation manage its expenses relative to its revenue?
For most years, the foundation's expenses are well-managed and generally below or in line with its revenue. For example, in 2023, expenses were $94,276 against $106,308 in revenue. A notable exception was 2012, where expenses ($268,518) significantly exceeded revenue ($70,666), which could indicate a large one-time grant or investment.
What is the trend in the foundation's assets?
The foundation's assets have shown a consistent upward trend over the past decade, growing from $1,152,195 in 2011 to $1,619,558 in 2023, indicating sound financial management and growth in its endowment or investment portfolio.
Does the foundation pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation for all available periods, indicating that officers are not paid salaries by the foundation.
Filing History
IRS 990 filing history for Ian And Margaret Smith Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Ian And Margaret Smith Family Foundation Inc's revenue has grown by 120.4%, moving from $48K to $106K. Total assets increased by 40.6% over the same period, from $1.2M to $1.6M. Total functional expenses rose by 398.6%, from $19K to $94K. In its most recent filing year (2023), Ian And Margaret Smith Family Foundation Inc reported a surplus of $12K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $106K | $94K | $1.6M | $1 | — | — |
| 2022 | $145K | $60K | $1.6M | $1 | — | View 990 |
| 2021 | $225K | $126K | $1.5M | $1 | — | View 990 |
| 2020 | $127K | $98K | $1.4M | $1 | — | View 990 |
| 2019 | $142K | $87K | $1.4M | $1 | — | View 990 |
| 2015 | $111K | $20K | $1.1M | $0 | — | View 990 |
| 2014 | $80K | $19K | $1.0M | $0 | — | View 990 |
| 2013 | $44K | $17K | $978K | $0 | — | View 990 |
| 2012 | $71K | $269K | $952K | $0 | — | View 990 |
| 2011 | $48K | $19K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $106K, expenses of $94K, and assets of $1.6M (revenue -26.6% year-over-year).
- 2022: Revenue of $145K, expenses of $60K, and assets of $1.6M (revenue -35.7% year-over-year).
- 2021: Revenue of $225K, expenses of $126K, and assets of $1.5M (revenue +76.8% year-over-year).
- 2020: Revenue of $127K, expenses of $98K, and assets of $1.4M (revenue -10.3% year-over-year).
- 2019: Revenue of $142K, expenses of $87K, and assets of $1.4M (revenue +28.5% year-over-year).
- 2015: Revenue of $111K, expenses of $20K, and assets of $1.1M (revenue +38.3% year-over-year).
- 2014: Revenue of $80K, expenses of $19K, and assets of $1.0M (revenue +80.0% year-over-year).
- 2013: Revenue of $44K, expenses of $17K, and assets of $978K (revenue -37.1% year-over-year).
- 2012: Revenue of $71K, expenses of $269K, and assets of $952K (revenue +46.5% year-over-year).
- 2011: Revenue of $48K, expenses of $19K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ian And Margaret Smith Family Foundation Inc:
Data Sources and Methodology
This transparency report for Ian And Margaret Smith Family 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.