Smf Foundation
Smf Foundation maintains strong asset growth despite recent operational deficits and no reported officer compensation.
EIN: 10679061 · Chestnut Hill, MA · NTEE: T70 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $957K |
| Total Expenses | $285K |
| Program Spending | 85% |
| Net Assets | $4.2M |
| Transparency Score | 85/100 |
Is Smf Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Smf Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Smf Foundation
Smf Foundation (EIN: 10679061) is a nonprofit organization based in Chestnut Hill, MA, classified under NTEE code T70. The organization reported total revenue of $957K and total assets of $4.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Smf Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Smf Foundation is a small nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $164K |
| Total Expenses | $285K |
| Surplus / Deficit | $-121,434 |
| Total Assets | $4.2M |
| Total Liabilities | $1 |
| Net Assets | $4.2M |
| Operating Margin | -74.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 176.9 months |
Financial Health Grade: B
In 2023, Smf Foundation reported a deficit of $121K with expenses exceeding revenue, holds 176.9 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), Smf Foundation's revenue has grown at a compound annual growth rate (CAGR) of 10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.3% | -15.3% | -2.8% |
| 2022 | -52.7% | +8.1% | -3.0% |
| 2021 | +60.2% | +38.6% | +2.7% |
| 2020 | -12.3% | -6.0% | +1.0% |
| 2019 | +56.3% | +82.0% | +100.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Smf Foundation with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Smf Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $121K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Smf Foundation consistently reports 0% officer compensation across all available filings, indicating a volunteer-led executive structure or that compensation is covered by an external entity, which is highly efficient for a foundation of its size.
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 Smf Foundation's IRS 990 filings:
- Recent operational deficits (e.g., 2023: Expenses $285,033 vs. Revenue $163,599)
- Lack of detailed expense breakdown in available data to fully assess program spending ratio.
Strengths
The following positive indicators were identified for Smf Foundation:
- Consistent asset growth over a decade (from $1.9M in 2011 to $4.2M in 2023)
- Extremely low liabilities ($0 or $1 reported consistently)
- 0% reported officer compensation, indicating high efficiency or volunteer leadership
- Long filing history (10 filings) demonstrating sustained operation and transparency
Frequently Asked Questions about Smf Foundation
Is Smf Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Smf Foundation (EIN: 10679061) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Smf Foundation spend its money?
Smf Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Smf Foundation tax-deductible?
Smf Foundation is registered as a tax-exempt nonprofit (EIN: 10679061). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Smf Foundation's spending goes to programs?
Smf Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Smf Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Smf Foundation is above average for NTEE category T70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Smf Foundation located?
Smf Foundation is headquartered in Chestnut Hill, Massachusetts and files with the IRS under EIN 10679061. It is classified under NTEE code T70.
How many years of IRS 990 filings does Smf Foundation have?
Smf 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 $957K in total revenue.
Is Smf Foundation a good charity?
Based on the available data, Smf Foundation appears to be a financially sound organization with strong asset growth and extremely low liabilities. The absence of officer compensation suggests a high dedication to its mission and efficient use of funds. However, without detailed expense breakdowns, it's difficult to fully assess program efficiency.
How has Smf Foundation's financial health changed over time?
Smf Foundation has shown significant financial growth, with assets increasing from $1,915,977 in 2011 to $4,201,178 in 2023. While there have been fluctuations in annual revenue and expenses, the overall trend indicates robust asset accumulation and stability.
What is the Smf Foundation's approach to executive compensation?
The Smf Foundation reports 0% officer compensation in all available IRS 990 filings, suggesting that its leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, which is a strong indicator of fiscal efficiency.
Does Smf Foundation have significant debt?
No, Smf Foundation consistently reports extremely low liabilities, often $0 or $1, across all its filings, indicating virtually no debt and strong financial solvency.
Filing History
IRS 990 filing history for Smf Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Smf Foundation's revenue has grown by 247.6%, moving from $47K to $164K. Total assets increased by 119.3% over the same period, from $1.9M to $4.2M. Total functional expenses rose by 135.6%, from $121K to $285K. In its most recent filing year (2023), Smf Foundation reported a deficit of $121K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $164K | $285K | $4.2M | $1 | — | View 990 |
| 2022 | $203K | $337K | $4.3M | $1 | — | View 990 |
| 2021 | $429K | $311K | $4.5M | $1 | — | — |
| 2020 | $268K | $225K | $4.3M | $1 | — | View 990 |
| 2019 | $305K | $239K | $4.3M | $0 | — | View 990 |
| 2015 | $195K | $131K | $2.1M | $0 | — | View 990 |
| 2014 | $282K | $140K | $2.1M | $0 | — | View 990 |
| 2013 | $160K | $130K | $2.0M | $0 | — | View 990 |
| 2012 | $140K | $100K | $2.0M | $0 | — | View 990 |
| 2011 | $47K | $121K | $1.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $164K, expenses of $285K, and assets of $4.2M (revenue -19.3% year-over-year).
- 2022: Revenue of $203K, expenses of $337K, and assets of $4.3M (revenue -52.7% year-over-year).
- 2021: Revenue of $429K, expenses of $311K, and assets of $4.5M (revenue +60.2% year-over-year).
- 2020: Revenue of $268K, expenses of $225K, and assets of $4.3M (revenue -12.3% year-over-year).
- 2019: Revenue of $305K, expenses of $239K, and assets of $4.3M (revenue +56.3% year-over-year).
- 2015: Revenue of $195K, expenses of $131K, and assets of $2.1M (revenue -30.7% year-over-year).
- 2014: Revenue of $282K, expenses of $140K, and assets of $2.1M (revenue +76.1% year-over-year).
- 2013: Revenue of $160K, expenses of $130K, and assets of $2.0M (revenue +14.6% year-over-year).
- 2012: Revenue of $140K, expenses of $100K, and assets of $2.0M (revenue +196.5% year-over-year).
- 2011: Revenue of $47K, expenses of $121K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Smf Foundation:
Data Sources and Methodology
This transparency report for Smf 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.