Smfb Foundation
Smfb Foundation experiences significant revenue volatility and recent operating deficits despite strong asset growth and zero executive compensation.
EIN: 203943526 · Iuka, KS · NTEE: O50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9K |
| Total Expenses | $21K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $393,776. |
| Net Assets | $429K |
| Transparency Score | 75/100 |
Is Smfb Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Smfb Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Smfb Foundation
Smfb Foundation (EIN: 203943526) is a nonprofit organization based in Iuka, KS, classified under NTEE code O50. The organization reported total revenue of $9K and total assets of $394K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Smfb Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Smfb Foundation is a micro nonprofit that has been operating for 1 years, with 8 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $18K |
| Total Expenses | $21K |
| Surplus / Deficit | $-2,982 |
| Total Assets | $429K |
| Net Assets | $429K |
| Operating Margin | -16.4% |
| Months of Reserves | 242.8 months |
Financial Health Grade: B
In 2020, Smfb Foundation reported a deficit of $3K with expenses exceeding revenue, holds 242.8 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2011–2020), Smfb Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -65.3% | -43.7% | -0.7% |
| 2019 | +85.4% | -0.7% | +3.6% |
| 2018 | -3.6% | -11.3% | -2.3% |
| 2017 | -93.5% | +16.2% | -3.0% |
| 2016 | +5701.8% | +842.0% | +1253.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2025 |
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 Smfb Foundation with a Mission Score of 75 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Smfb Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all 8 filings, indicating that no salaries are paid to officers, which is highly efficient for an organization of its size with assets of $393,776.
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 Smfb Foundation's IRS 990 filings:
- Significant revenue volatility, with latest revenue ($9,450) being a small fraction of its peak ($451,614 in 2016).
- Expenses frequently exceeding revenue in recent periods (e.g., 2020, 2018, 2017), indicating operating deficits.
- Lack of detailed program, administrative, and fundraising expense breakdown in the provided summary, making efficiency analysis challenging beyond executive compensation.
Strengths
The following positive indicators were identified for Smfb Foundation:
- Consistent 0% officer compensation across all filings, indicating highly efficient use of funds for leadership.
- Strong asset growth from $24,303 in 2011 to $393,776 currently, demonstrating effective asset management.
- Zero liabilities reported across all 8 filings, indicating excellent financial stability and no debt burden.
- Consistent filing of IRS 990s (8 filings), demonstrating good transparency and compliance.
Frequently Asked Questions about Smfb Foundation
Is Smfb Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Smfb Foundation (EIN: 203943526) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Smfb Foundation spend its money?
Smfb Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Smfb Foundation tax-deductible?
Smfb Foundation is registered as a tax-exempt nonprofit (EIN: 203943526). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Smfb Foundation CEO make?
Smfb Foundation's highest-compensated officer earns $393,776. annually. The organization reported $9K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Smfb Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Smfb Foundation is above average for NTEE category O50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Smfb Foundation located?
Smfb Foundation is headquartered in Iuka, Kansas and files with the IRS under EIN 203943526. It is classified under NTEE code O50.
How many years of IRS 990 filings does Smfb Foundation have?
Smfb Foundation has 8 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 $9K in total revenue.
How does Smfb Foundation manage its significant revenue fluctuations?
The data shows extreme revenue volatility, from $451,614 in 2016 to $9,450 in the latest period. The foundation likely relies on its substantial asset base ($393,776) to smooth operations during low-revenue years, but specific strategies are not detailed in the provided summary.
What is the primary use of the foundation's assets given its NTEE code O50?
As an O50 (Grantmaking Foundation), its assets are likely held as an endowment or investment fund, with earnings or a portion of the principal distributed as grants to other organizations, aligning with its philanthropic mission.
Why have expenses frequently exceeded revenue in recent years?
In periods like 2020 ($21,183 expenses vs. $18,201 revenue) and 2018 ($37,893 expenses vs. $28,290 revenue), expenses surpassed revenue. This could be due to planned grant distributions exceeding annual income, investment losses, or drawing down from accumulated reserves to fund programs.
Filing History
IRS 990 filing history for Smfb Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2020), Smfb Foundation's revenue has grown by 54.2%, moving from $12K to $18K. Total assets increased by 1663.8% over the same period, from $24K to $429K. Total functional expenses rose by 417.9%, from $4K to $21K. In its most recent filing year (2020), Smfb Foundation reported a deficit of $3K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $18K | $21K | $429K | $0 | — | View 990 |
| 2019 | $52K | $38K | $432K | $0 | — | View 990 |
| 2018 | $28K | $38K | $417K | $0 | — | View 990 |
| 2017 | $29K | $43K | $426K | $0 | — | View 990 |
| 2016 | $452K | $37K | $440K | $0 | — | View 990 |
| 2013 | $8K | $4K | $32K | $0 | — | View 990 |
| 2012 | $6K | $2K | $29K | $0 | — | View 990 |
| 2011 | $12K | $4K | $24K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $18K, expenses of $21K, and assets of $429K (revenue -65.3% year-over-year).
- 2019: Revenue of $52K, expenses of $38K, and assets of $432K (revenue +85.4% year-over-year).
- 2018: Revenue of $28K, expenses of $38K, and assets of $417K (revenue -3.6% year-over-year).
- 2017: Revenue of $29K, expenses of $43K, and assets of $426K (revenue -93.5% year-over-year).
- 2016: Revenue of $452K, expenses of $37K, and assets of $440K (revenue +5701.8% year-over-year).
- 2013: Revenue of $8K, expenses of $4K, and assets of $32K (revenue +23.1% year-over-year).
- 2012: Revenue of $6K, expenses of $2K, and assets of $29K (revenue -46.4% year-over-year).
- 2011: Revenue of $12K, expenses of $4K, and assets of $24K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Smfb Foundation:
Data Sources and Methodology
This transparency report for Smfb 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.