Randall And Barbara Smith Foundation Inc
Randall And Barbara Smith Foundation Inc. faces significant asset depletion and consistent net losses.
EIN: 133748695 · Teaneck, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $2.3M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $9.1M |
| Transparency Score | 40/100 |
Is Randall And Barbara Smith Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Randall And Barbara Smith Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Randall And Barbara Smith Foundation Inc
Randall And Barbara Smith Foundation Inc (EIN: 133748695) is a nonprofit organization based in Teaneck, NJ. The organization reported total revenue of $2.8M and total assets of $7.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Randall And Barbara Smith Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Randall And Barbara Smith Foundation Inc is a mid-size nonprofit that has been operating for 32 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -17.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $497K |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-1,785,798 |
| Total Assets | $9.4M |
| Total Liabilities | $300K |
| Net Assets | $9.1M |
| Operating Margin | -359.5% |
| Debt-to-Asset Ratio | 3.2% |
| Months of Reserves | 49.2 months |
Financial Health Grade: B
In 2023, Randall And Barbara Smith Foundation Inc reported a deficit of $1.8M with expenses exceeding revenue, holds 49.2 months of operating reserves (strong position), has a debt-to-asset ratio of 3.2% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Randall And Barbara Smith Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -17.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +330.3% | +98.1% | -14.5% |
| 2019 | -103.3% | -28.8% | -7.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1994 |
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 Randall And Barbara Smith Foundation Inc with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Randall And Barbara Smith Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all 11 filings, indicating that officers are either unpaid or compensated through other means not reported as officer compensation, which is highly unusual for an organization with assets exceeding $7 million.
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 Randall And Barbara Smith Foundation Inc's IRS 990 filings:
- Consistent and significant decline in assets from $19,866,059 in 2015 to $7,488,168 currently.
- Expenses consistently exceeding revenue in most recent periods (e.g., $2,282,550 expenses vs. $496,752 revenue in 2023).
- Multiple years of negative revenue reported (e.g., -$867,197 in 2021, -$164,216 in 2020).
- High liabilities in some years (e.g., $300,000 in 2023, $105,387 in 2022) relative to revenue.
Strengths
The following positive indicators were identified for Randall And Barbara Smith Foundation Inc:
- No reported officer compensation across all 11 filings, indicating potential volunteer leadership or highly efficient compensation structure.
- Significant asset base, despite recent declines, providing a buffer for operations.
Frequently Asked Questions about Randall And Barbara Smith Foundation Inc
Is Randall And Barbara Smith Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Randall And Barbara Smith Foundation Inc (EIN: 133748695) significant concerns. Mission Score: 40/100. 4 red flags identified, 2 strengths noted.
How does Randall And Barbara Smith Foundation Inc spend its money?
Randall And Barbara Smith Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Randall And Barbara Smith Foundation Inc tax-deductible?
Randall And Barbara Smith Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133748695). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Randall And Barbara Smith Foundation Inc CEO make?
Randall And Barbara Smith Foundation Inc's highest-compensated officer earns $7 annually. The organization reported $2.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Randall And Barbara Smith Foundation Inc's spending goes to programs?
Randall And Barbara Smith Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Randall And Barbara Smith Foundation Inc located?
Randall And Barbara Smith Foundation Inc is headquartered in Teaneck, New Jersey and files with the IRS under EIN 133748695.
How many years of IRS 990 filings does Randall And Barbara Smith Foundation Inc have?
Randall And Barbara Smith Foundation Inc has 11 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 $2.8M in total revenue.
What is the primary cause of the consistent decline in assets from $19.8 million in 2015 to $7.4 million currently?
The consistent decline in assets appears to be driven by expenses significantly exceeding revenue in most recent years, such as $2,282,550 in expenses against $496,752 in revenue in 2023, and $1,152,378 in expenses against $115,441 in revenue in 2022.
How does the foundation sustain its operations with such frequent negative net revenues?
The foundation appears to be sustaining operations by drawing down its existing asset base, as evidenced by the substantial decrease in assets over time and the consistent reporting of expenses far exceeding revenue.
What are the specific program activities and how much is allocated to them?
Without detailed expense breakdowns in the provided data, it is not possible to determine the specific program activities or the exact allocation of funds to them. This information would typically be found in the full IRS Form 990.
Filing History
IRS 990 filing history for Randall And Barbara Smith Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Randall And Barbara Smith Foundation Inc's revenue has declined by 90.4%, moving from $5.2M to $497K. Total assets increased by 7.6% over the same period, from $8.7M to $9.4M. Total functional expenses rose by 2102%, from $104K to $2.3M. In its most recent filing year (2023), Randall And Barbara Smith Foundation Inc reported a deficit of $1.8M, with expenses exceeding revenue. The organization holds $300K in liabilities against $9.4M in assets (debt-to-asset ratio: 3.2%), resulting in net assets of $9.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $497K | $2.3M | $9.4M | $300K | — | View 990 |
| 2022 | $115K | $1.2M | $10.9M | $105K | — | View 990 |
| 2021 | $-867,197 | $2.1M | $11.9M | $1 | — | — |
| 2020 | $-164,216 | $832K | $14.9M | $1 | — | View 990 |
| 2019 | $-27,997 | $1.2M | $15.9M | $1 | — | — |
| 2018 | $838K | $1.7M | $17.1M | $3K | — | View 990 |
| 2015 | $16.8M | $2.6M | $19.9M | $100K | — | View 990 |
| 2014 | $-2,024,681 | $363K | $6.2M | $0 | — | View 990 |
| 2013 | $124K | $194K | $8.3M | $500 | — | View 990 |
| 2012 | $58K | $418K | $8.4M | $60K | — | View 990 |
| 2011 | $5.2M | $104K | $8.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $497K, expenses of $2.3M, and assets of $9.4M (revenue +330.3% year-over-year).
- 2022: Revenue of $115K, expenses of $1.2M, and assets of $10.9M.
- 2021: Revenue of $-867,197, expenses of $2.1M, and assets of $11.9M.
- 2020: Revenue of $-164,216, expenses of $832K, and assets of $14.9M.
- 2019: Revenue of $-27,997, expenses of $1.2M, and assets of $15.9M (revenue -103.3% year-over-year).
- 2018: Revenue of $838K, expenses of $1.7M, and assets of $17.1M (revenue -95.0% year-over-year).
- 2015: Revenue of $16.8M, expenses of $2.6M, and assets of $19.9M.
- 2014: Revenue of $-2,024,681, expenses of $363K, and assets of $6.2M (revenue -1726.7% year-over-year).
- 2013: Revenue of $124K, expenses of $194K, and assets of $8.3M (revenue +112.9% year-over-year).
- 2012: Revenue of $58K, expenses of $418K, and assets of $8.4M (revenue -98.9% year-over-year).
- 2011: Revenue of $5.2M, expenses of $104K, and assets of $8.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Randall And Barbara Smith Foundation Inc:
Data Sources and Methodology
This transparency report for Randall And Barbara 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.