Smartgo Foundation
Smartgo Foundation consistently operates at a deficit, drawing down assets, with no reported officer compensation.
EIN: 205290408 · Salt Lake Cty, UT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $258K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $2.9M |
| Transparency Score | 65/100 |
Is Smartgo Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Smartgo Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Smartgo Foundation
Smartgo Foundation (EIN: 205290408) is a nonprofit organization based in Salt Lake Cty, UT, classified under NTEE code T20. The organization reported total revenue of $1.6M and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Smartgo Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Smartgo Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $129K |
| Total Expenses | $258K |
| Surplus / Deficit | $-128,998 |
| Total Assets | $2.9M |
| Total Liabilities | $1 |
| Net Assets | $2.9M |
| Operating Margin | -100.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 133.9 months |
Financial Health Grade: B
In 2023, Smartgo Foundation reported a deficit of $129K with expenses exceeding revenue, holds 133.9 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), Smartgo Foundation's revenue has declined at a compound annual growth rate (CAGR) of -4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.0% | +0.2% | -4.3% |
| 2022 | -55.7% | +6.9% | -4.6% |
| 2021 | +95.9% | +30.1% | +0.4% |
| 2020 | -44.4% | -32.5% | -1.8% |
| 2019 | +110.2% | -15.2% | -18.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Smartgo Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Smartgo Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $129K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly unusual for an organization with assets exceeding $2 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 Smartgo Foundation's IRS 990 filings:
- Consistent operating deficits, with expenses exceeding revenue in every reported period.
- Declining asset base over the past decade, from $4.3 million in 2011 to $2.8 million in 2023.
- Unusually low and consistent liabilities reported as $1, which may indicate a reporting anomaly.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, limiting efficiency analysis.
Strengths
The following positive indicators were identified for Smartgo Foundation:
- Zero reported officer compensation, indicating a potentially volunteer-driven leadership or highly efficient compensation structure.
- Extremely low liabilities, demonstrating strong fiscal responsibility regarding debt.
- Consistent filing history (10 filings), providing good transparency and historical financial data.
- Significant asset base, despite decline, providing a buffer for operations.
Frequently Asked Questions about Smartgo Foundation
Is Smartgo Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Smartgo Foundation (EIN: 205290408) some concerns. Mission Score: 65/100. 4 red flags identified, 4 strengths noted.
How does Smartgo Foundation spend its money?
Smartgo Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Smartgo Foundation tax-deductible?
Smartgo Foundation is registered as a tax-exempt nonprofit (EIN: 205290408). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Smartgo Foundation CEO make?
Smartgo Foundation's highest-compensated officer earns $2 annually. The organization reported $1.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Smartgo Foundation's spending goes to programs?
Smartgo Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Smartgo Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Smartgo Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Smartgo Foundation located?
Smartgo Foundation is headquartered in Salt Lake Cty, Utah and files with the IRS under EIN 205290408. It is classified under NTEE code T20.
How many years of IRS 990 filings does Smartgo Foundation have?
Smartgo Foundation 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 $1.6M in total revenue.
How does Smartgo Foundation sustain its operations given consistent revenue deficits?
The foundation appears to sustain operations by drawing down its asset base, which has decreased from over $4.3 million in 2011 to $2.8 million in 2023, indicating a reliance on past accumulated funds rather than current income.
What is the specific breakdown of expenses (program, admin, fundraising) for Smartgo Foundation?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to precisely assess spending efficiency. However, the absence of officer compensation suggests a lean administrative structure.
Why are liabilities consistently reported as $1 across multiple years?
The consistent reporting of $1 in liabilities is highly unusual and may indicate a reporting anomaly or a specific accounting practice. It suggests the organization carries virtually no debt, which is a positive, but the exact figure warrants clarification.
What is the long-term financial strategy for Smartgo Foundation to address its declining asset base?
The provided data does not detail the foundation's long-term financial strategy. Given the consistent operating deficits and declining assets, a strategy for increasing revenue or reducing expenses would be critical for future sustainability.
What are the primary sources of revenue for Smartgo Foundation?
The filings show varying revenue figures, but without specific details on the sources (e.g., donations, grants, investments), it's unclear how the organization generates its income. The latest reported revenue is $1,582,515, but this is an aggregate and not specific to a single period's operational revenue.
Filing History
IRS 990 filing history for Smartgo Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Smartgo Foundation's revenue has declined by 44.6%, moving from $232K to $129K. Total assets decreased by 33.2% over the same period, from $4.3M to $2.9M. Total functional expenses fell by 21.9%, from $330K to $258K. In its most recent filing year (2023), Smartgo Foundation reported a deficit of $129K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $129K | $258K | $2.9M | $1 | — | — |
| 2022 | $112K | $257K | $3.0M | $1 | — | View 990 |
| 2021 | $253K | $241K | $3.1M | $1 | — | View 990 |
| 2020 | $129K | $185K | $3.1M | $1 | — | — |
| 2019 | $232K | $274K | $3.2M | $1 | — | View 990 |
| 2015 | $110K | $323K | $3.9M | $16K | — | View 990 |
| 2014 | $319K | $329K | $4.2M | $51K | — | View 990 |
| 2013 | $246K | $276K | $4.1M | $10K | — | View 990 |
| 2012 | $173K | $313K | $4.2M | $18K | — | View 990 |
| 2011 | $232K | $330K | $4.3M | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $129K, expenses of $258K, and assets of $2.9M (revenue +15.0% year-over-year).
- 2022: Revenue of $112K, expenses of $257K, and assets of $3.0M (revenue -55.7% year-over-year).
- 2021: Revenue of $253K, expenses of $241K, and assets of $3.1M (revenue +95.9% year-over-year).
- 2020: Revenue of $129K, expenses of $185K, and assets of $3.1M (revenue -44.4% year-over-year).
- 2019: Revenue of $232K, expenses of $274K, and assets of $3.2M (revenue +110.2% year-over-year).
- 2015: Revenue of $110K, expenses of $323K, and assets of $3.9M (revenue -65.4% year-over-year).
- 2014: Revenue of $319K, expenses of $329K, and assets of $4.2M (revenue +29.3% year-over-year).
- 2013: Revenue of $246K, expenses of $276K, and assets of $4.1M (revenue +42.7% year-over-year).
- 2012: Revenue of $173K, expenses of $313K, and assets of $4.2M (revenue -25.7% year-over-year).
- 2011: Revenue of $232K, expenses of $330K, and assets of $4.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Smartgo Foundation:
Data Sources and Methodology
This transparency report for Smartgo Foundation 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.