Margaret Dunn Smith Family Foundation Inc
Margaret Dunn Smith Family Foundation consistently operates with no officer compensation and stable assets.
EIN: 202642871 · Morris, CT · NTEE: T22 · Updated: 2026-03-28
Is Margaret Dunn Smith Family Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Margaret Dunn Smith Family Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Margaret Dunn Smith Family Foundation Inc
Margaret Dunn Smith Family Foundation Inc (EIN: 202642871) is a nonprofit organization based in Morris, CT, classified under NTEE code T22. The organization reported total revenue of $170K and total assets of $983K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Margaret Dunn Smith Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Margaret Dunn Smith Family Foundation Inc is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $80K |
| Total Expenses | $74K |
| Surplus / Deficit | +$5K |
| Total Assets | $949K |
| Total Liabilities | $1 |
| Net Assets | $949K |
| Operating Margin | 6.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 153.0 months |
Financial Health Grade: A
In 2023, Margaret Dunn Smith Family Foundation Inc reported a surplus of $5K with revenue exceeding expenses, holds 153.0 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 (2011–2023), Margaret Dunn Smith Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.7% | +25.8% | +0.5% |
| 2022 | +20.7% | -4.3% | +3.5% |
| 2021 | +9.2% | -3.2% | +1.5% |
| 2020 | +22.5% | -2.0% | +0.6% |
| 2019 | -34.0% | -39.7% | -10.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Margaret Dunn Smith Family Foundation Inc with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Margaret Dunn Smith Family Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $5K, 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 size with nearly $1 million in assets.
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.
Strengths
The following positive indicators were identified for Margaret Dunn Smith Family Foundation Inc:
- Consistent 0% officer compensation, indicating high efficiency and direct program focus.
- Stable and substantial asset base, currently $983,082, demonstrating long-term financial health.
- Minimal liabilities (consistently $1 or $0), reflecting excellent financial management.
- Consistent filing of IRS 990s over a decade, showing strong transparency.
- Expenses often below revenue, contributing to asset growth and sustainability.
Frequently Asked Questions about Margaret Dunn Smith Family Foundation Inc
Is Margaret Dunn Smith Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Margaret Dunn Smith Family Foundation Inc (EIN: 202642871) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Margaret Dunn Smith Family Foundation Inc spend its money?
Margaret Dunn Smith Family Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Margaret Dunn Smith Family Foundation Inc tax-deductible?
Margaret Dunn Smith Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202642871). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Margaret Dunn Smith Family Foundation Inc. a good charity?
Based on the financial data, the foundation appears to be a very good charity. It consistently reports 0% officer compensation, maintains stable assets, and has minimal liabilities, indicating strong financial health and efficient use of funds.
How does the foundation manage its expenses?
The foundation manages its expenses effectively, often spending less than its revenue, leading to asset growth. For example, in 2022, expenses were $59,170 against $91,093 in revenue. The absence of officer compensation suggests a very lean operational structure.
What is the trend in the foundation's assets?
The foundation's assets have remained relatively stable over the past decade, hovering around $900,000 to $1 million. The latest reported assets are $983,082, showing consistent financial stability.
Does the foundation have any debt?
No, the foundation has virtually no debt, consistently reporting liabilities of $1 or $0 across all available filings, which is an excellent indicator of financial health.
How transparent is the Margaret Dunn Smith Family Foundation Inc.?
The foundation is highly transparent, with 10 years of IRS 990 filings publicly available, providing a comprehensive view of its financial history and operations.
Filing History
IRS 990 filing history for Margaret Dunn Smith Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Margaret Dunn Smith Family Foundation Inc's revenue has declined by 25.6%, moving from $107K to $80K. Total assets decreased by 8.5% over the same period, from $1.0M to $949K. Total functional expenses fell by 56%, from $169K to $74K. In its most recent filing year (2023), Margaret Dunn Smith Family Foundation Inc reported a surplus of $5K, with revenue exceeding expenses. The organization holds $1 in liabilities against $949K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $949K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $80K | $74K | $949K | $1 | — | — |
| 2022 | $91K | $59K | $944K | $1 | — | — |
| 2021 | $75K | $62K | $912K | $1 | — | — |
| 2020 | $69K | $64K | $899K | $1 | — | — |
| 2019 | $56K | $65K | $893K | $1 | — | View 990 |
| 2015 | $85K | $108K | $999K | $1 | — | View 990 |
| 2014 | $187K | $108K | $1.0M | $1 | — | View 990 |
| 2013 | $92K | $150K | $943K | $1 | — | View 990 |
| 2012 | $125K | $161K | $1.0M | $1 | — | View 990 |
| 2011 | $107K | $169K | $1.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $80K, expenses of $74K, and assets of $949K (revenue -12.7% year-over-year).
- 2022: Revenue of $91K, expenses of $59K, and assets of $944K (revenue +20.7% year-over-year).
- 2021: Revenue of $75K, expenses of $62K, and assets of $912K (revenue +9.2% year-over-year).
- 2020: Revenue of $69K, expenses of $64K, and assets of $899K (revenue +22.5% year-over-year).
- 2019: Revenue of $56K, expenses of $65K, and assets of $893K (revenue -34.0% year-over-year).
- 2015: Revenue of $85K, expenses of $108K, and assets of $999K (revenue -54.3% year-over-year).
- 2014: Revenue of $187K, expenses of $108K, and assets of $1.0M (revenue +102.4% year-over-year).
- 2013: Revenue of $92K, expenses of $150K, and assets of $943K (revenue -26.0% year-over-year).
- 2012: Revenue of $125K, expenses of $161K, and assets of $1.0M (revenue +16.7% year-over-year).
- 2011: Revenue of $107K, expenses of $169K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Margaret Dunn Smith Family Foundation Inc:
Data Sources and Methodology
This transparency report for Margaret Dunn 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.