Larry & Elaine Smith Family Foundation Inc
EIN: 262861138 · Boca Raton, FL · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $148K |
| Net Assets | $1.3M |
Is Larry & Elaine Smith Family 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 Larry & Elaine Smith Family Foundation Inc
Larry & Elaine Smith Family Foundation Inc (EIN: 262861138) is a nonprofit organization based in Boca Raton, FL, classified under NTEE code T20. The organization reported total revenue of $2.7M and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Larry & Elaine Smith Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Larry & Elaine Smith Family Foundation Inc is a mid-size nonprofit that has been operating for 16 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $103K |
| Total Expenses | $148K |
| Surplus / Deficit | $-44,761 |
| Total Assets | $1.3M |
| Total Liabilities | $1 |
| Net Assets | $1.3M |
| Operating Margin | -43.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 103.4 months |
Financial Health Grade: B
In 2023, Larry & Elaine Smith Family Foundation Inc reported a deficit of $45K with expenses exceeding revenue, holds 103.4 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), Larry & Elaine Smith Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.7% | +29.0% | +10.2% |
| 2022 | -39.0% | -28.6% | -13.2% |
| 2021 | +81.9% | +311.9% | +1.3% |
| 2020 | -28.4% | -83.2% | +4.7% |
| 2019 | -36.1% | +92.1% | +652.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Larry & Elaine Smith Family 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 Larry & Elaine Smith Family 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $45K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Larry & Elaine Smith Family Foundation Inc
Is Larry & Elaine Smith Family Foundation Inc a legitimate charity?
Larry & Elaine Smith Family Foundation Inc (EIN: 262861138) is a registered tax-exempt nonprofit based in Florida. It has 10 years of IRS 990 filings on record. Total revenue: $2.7M. No red flags identified. Financial health grade: B.
How does Larry & Elaine Smith Family Foundation Inc spend its money?
Larry & Elaine Smith Family Foundation Inc reported $2.7M in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Larry & Elaine Smith Family Foundation Inc tax-deductible?
Larry & Elaine Smith Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 262861138). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Larry & Elaine Smith Family Foundation Inc located?
Larry & Elaine Smith Family Foundation Inc is headquartered in Boca Raton, Florida and files with the IRS under EIN 262861138. It is classified under NTEE code T20.
How many years of IRS 990 filings does Larry & Elaine Smith Family Foundation Inc have?
Larry & Elaine 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 $2.7M in total revenue.
Filing History
IRS 990 filing history for Larry & Elaine Smith Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Larry & Elaine Smith Family Foundation Inc's revenue has grown by 210.8%, moving from $33K to $103K. Total assets increased by 2048.4% over the same period, from $59K to $1.3M. Total functional expenses rose by 738.5%, from $18K to $148K. In its most recent filing year (2023), Larry & Elaine Smith Family Foundation Inc reported a deficit of $45K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $103K | $148K | $1.3M | $1 | — | View 990 |
| 2022 | $108K | $115K | $1.2M | $1 | — | View 990 |
| 2021 | $177K | $160K | $1.3M | $1 | — | View 990 |
| 2020 | $97K | $39K | $1.3M | $1 | — | View 990 |
| 2019 | $136K | $231K | $1.3M | $1 | — | View 990 |
| 2015 | $213K | $120K | $167K | $1 | — | View 990 |
| 2014 | $24K | $16K | $74K | $1 | — | View 990 |
| 2013 | $18K | $15K | $66K | $1 | — | View 990 |
| 2012 | $22K | $19K | $63K | $1 | — | View 990 |
| 2011 | $33K | $18K | $59K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $103K, expenses of $148K, and assets of $1.3M (revenue -4.7% year-over-year).
- 2022: Revenue of $108K, expenses of $115K, and assets of $1.2M (revenue -39.0% year-over-year).
- 2021: Revenue of $177K, expenses of $160K, and assets of $1.3M (revenue +81.9% year-over-year).
- 2020: Revenue of $97K, expenses of $39K, and assets of $1.3M (revenue -28.4% year-over-year).
- 2019: Revenue of $136K, expenses of $231K, and assets of $1.3M (revenue -36.1% year-over-year).
- 2015: Revenue of $213K, expenses of $120K, and assets of $167K (revenue +770.4% year-over-year).
- 2014: Revenue of $24K, expenses of $16K, and assets of $74K (revenue +34.1% year-over-year).
- 2013: Revenue of $18K, expenses of $15K, and assets of $66K (revenue -16.3% year-over-year).
- 2012: Revenue of $22K, expenses of $19K, and assets of $63K (revenue -34.2% year-over-year).
- 2011: Revenue of $33K, expenses of $18K, and assets of $59K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Larry & Elaine Smith Family Foundation Inc:
Data Sources and Methodology
This transparency report for Larry & Elaine 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.