Kl Smith Scholarship Foundation Inc
EIN: 731528923 · Ardmore, OK · NTEE: T20Z
| Metric | Value |
|---|---|
| Total Revenue | $776 |
| Total Expenses | $6K |
| Net Assets | $89K |
Is Kl Smith Scholarship Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Kl Smith Scholarship Foundation Inc
Kl Smith Scholarship Foundation Inc (EIN: 731528923) is a nonprofit organization based in Ardmore, OK, classified under NTEE code T20Z. The organization reported total revenue of $776 and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kl Smith Scholarship Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kl Smith Scholarship Foundation Inc is a micro nonprofit that has been operating for 28 years, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -25.8%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $6K |
| Surplus / Deficit | $-509 |
| Total Assets | $89K |
| Net Assets | $89K |
| Operating Margin | -8.9% |
| Months of Reserves | 170.4 months |
Financial Health Grade: B
In 2015, Kl Smith Scholarship Foundation Inc reported a deficit of $509 with expenses exceeding revenue, holds 170.4 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2011–2015), Kl Smith Scholarship Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -25.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -66.6% | -48.0% | -0.6% |
| 2014 | +52.9% | -18.5% | +6.1% |
| 2013 | -55.9% | +19.6% | -4.0% |
| 2012 | +34.4% | -29.8% | +17.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Kl Smith Scholarship Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kl Smith Scholarship Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $509, with expenses exceeding revenue.
Frequently Asked Questions about Kl Smith Scholarship Foundation Inc
Is Kl Smith Scholarship Foundation Inc a legitimate charity?
Kl Smith Scholarship Foundation Inc (EIN: 731528923) is a registered tax-exempt nonprofit based in Oklahoma. It has 5 years of IRS 990 filings on record. Total revenue: $776. No red flags identified. Financial health grade: B.
How does Kl Smith Scholarship Foundation Inc spend its money?
Kl Smith Scholarship Foundation Inc reported $776 in total revenue in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Kl Smith Scholarship Foundation Inc tax-deductible?
Kl Smith Scholarship Foundation Inc is registered as a tax-exempt nonprofit (EIN: 731528923). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Kl Smith Scholarship Foundation Inc located?
Kl Smith Scholarship Foundation Inc is headquartered in Ardmore, Oklahoma and files with the IRS under EIN 731528923. It is classified under NTEE code T20Z.
How many years of IRS 990 filings does Kl Smith Scholarship Foundation Inc have?
Kl Smith Scholarship Foundation Inc has 5 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 $776 in total revenue.
Filing History
IRS 990 filing history for Kl Smith Scholarship Foundation Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Kl Smith Scholarship Foundation Inc's revenue has declined by 69.7%, moving from $19K to $6K. Total assets increased by 19.2% over the same period, from $74K to $89K. Total functional expenses fell by 64.4%, from $18K to $6K. In its most recent filing year (2015), Kl Smith Scholarship Foundation Inc reported a deficit of $509, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $6K | $6K | $89K | $0 | — | View 990 |
| 2014 | $17K | $12K | $89K | $0 | — | View 990 |
| 2013 | $11K | $15K | $84K | $0 | — | View 990 |
| 2012 | $25K | $12K | $87K | $0 | — | View 990 |
| 2011 | $19K | $18K | $74K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $6K, expenses of $6K, and assets of $89K (revenue -66.6% year-over-year).
- 2014: Revenue of $17K, expenses of $12K, and assets of $89K (revenue +52.9% year-over-year).
- 2013: Revenue of $11K, expenses of $15K, and assets of $84K (revenue -55.9% year-over-year).
- 2012: Revenue of $25K, expenses of $12K, and assets of $87K (revenue +34.4% year-over-year).
- 2011: Revenue of $19K, expenses of $18K, and assets of $74K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kl Smith Scholarship Foundation Inc:
Data Sources and Methodology
This transparency report for Kl 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.