Smith Shaver Law School Scholarship Fund Inc
Smith Shaver Law School Scholarship Fund maintains stable expenses and assets with zero reported officer compensation.
EIN: 202749954 · Winston Salem, NC · NTEE: B82 · Updated: 2026-03-28
Is Smith Shaver Law School Scholarship Fund Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Smith Shaver Law School Scholarship Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Smith Shaver Law School Scholarship Fund Inc
Smith Shaver Law School Scholarship Fund Inc (EIN: 202749954) is a nonprofit organization based in Winston Salem, NC, classified under NTEE code B82. The organization reported total revenue of $2.1M and total assets of $6.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Smith Shaver Law School Scholarship Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Smith Shaver Law School Scholarship Fund Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $371K |
| Total Expenses | $331K |
| Surplus / Deficit | +$40K |
| Total Assets | $6.6M |
| Total Liabilities | $300K |
| Net Assets | $6.3M |
| Operating Margin | 10.7% |
| Debt-to-Asset Ratio | 4.5% |
| Months of Reserves | 239.3 months |
Financial Health Grade: A
In 2023, Smith Shaver Law School Scholarship Fund Inc reported a surplus of $40K with revenue exceeding expenses, holds 239.3 months of operating reserves (strong position), has a debt-to-asset ratio of 4.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Smith Shaver Law School Scholarship Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.3% | -0.2% | +7.3% |
| 2022 | -2.3% | -0.6% | -17.3% |
| 2021 | +549.4% | +0.8% | +6.1% |
| 2020 | -85.3% | +0.1% | +6.1% |
| 2019 | -19.6% | -0.1% | +12.0% |
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 Smith Shaver Law School Scholarship Fund Inc with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Smith Shaver Law School Scholarship Fund Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $40K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is likely volunteer-based or compensated through an unstated mechanism, which is highly efficient for an organization with assets exceeding $6 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.
Strengths
The following positive indicators were identified for Smith Shaver Law School Scholarship Fund Inc:
- Consistently reports 0% officer compensation, indicating high efficiency.
- Maintains a strong and stable asset base, consistently over $6 million.
- Stable annual expenses (around $330,000-$335,000) demonstrate predictable financial management.
- Strong program focus, implied by NTEE code and low administrative overhead.
- Consistent liabilities at $300,000 suggest stable and manageable debt.
Frequently Asked Questions about Smith Shaver Law School Scholarship Fund Inc
Is Smith Shaver Law School Scholarship Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Smith Shaver Law School Scholarship Fund Inc (EIN: 202749954) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Smith Shaver Law School Scholarship Fund Inc spend its money?
Smith Shaver Law School Scholarship Fund Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Smith Shaver Law School Scholarship Fund Inc tax-deductible?
Smith Shaver Law School Scholarship Fund Inc is registered as a tax-exempt nonprofit (EIN: 202749954). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Smith Shaver Law School Scholarship Fund Inc. a good charity?
Based on the provided data, Smith Shaver Law School Scholarship Fund Inc. appears to be a very good charity. It consistently reports 0% officer compensation, maintains stable expenses around $330,000-$335,000, and has a strong asset base exceeding $6 million, indicating efficient use of funds and strong financial health.
How does the organization manage its finances with fluctuating revenue?
The organization manages its finances by maintaining very stable expense levels (around $330,000-$335,000 annually) despite significant fluctuations in revenue. This suggests a reliance on its substantial asset base (over $6 million) to cover operational costs during periods of lower income, indicating strong financial planning and reserves.
What is the primary use of the organization's funds?
Given the NTEE code B82 (Scholarships & Student Financial Aid) and the consistent expense levels with zero officer compensation, the primary use of the organization's funds is almost certainly direct program services, specifically providing law school scholarships and student financial aid.
Filing History
IRS 990 filing history for Smith Shaver Law School Scholarship Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Smith Shaver Law School Scholarship Fund Inc's revenue has grown by 17.4%, moving from $316K to $371K. Total assets increased by 13.3% over the same period, from $5.8M to $6.6M. Total functional expenses rose by 1.3%, from $327K to $331K. In its most recent filing year (2023), Smith Shaver Law School Scholarship Fund Inc reported a surplus of $40K, with revenue exceeding expenses. The organization holds $300K in liabilities against $6.6M in assets (debt-to-asset ratio: 4.5%), resulting in net assets of $6.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $371K | $331K | $6.6M | $300K | — | — |
| 2022 | $548K | $332K | $6.2M | $300K | — | View 990 |
| 2021 | $561K | $334K | $7.4M | $300K | — | View 990 |
| 2020 | $86K | $331K | $7.0M | $300K | — | View 990 |
| 2019 | $589K | $331K | $6.6M | $300K | — | View 990 |
| 2018 | $732K | $331K | $5.9M | $300K | — | View 990 |
| 2017 | $238K | $331K | $6.5M | $300K | — | View 990 |
| 2016 | $316K | $330K | $6.2M | $300K | — | View 990 |
| 2015 | $40K | $331K | $6.0M | $300K | — | View 990 |
| 2014 | $175K | $332K | $6.5M | $300K | — | View 990 |
| 2013 | $233K | $330K | $6.4M | $300K | — | View 990 |
| 2012 | $282K | $329K | $6.2M | $300K | — | View 990 |
| 2011 | $316K | $327K | $5.8M | $300K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $371K, expenses of $331K, and assets of $6.6M (revenue -32.3% year-over-year).
- 2022: Revenue of $548K, expenses of $332K, and assets of $6.2M (revenue -2.3% year-over-year).
- 2021: Revenue of $561K, expenses of $334K, and assets of $7.4M (revenue +549.4% year-over-year).
- 2020: Revenue of $86K, expenses of $331K, and assets of $7.0M (revenue -85.3% year-over-year).
- 2019: Revenue of $589K, expenses of $331K, and assets of $6.6M (revenue -19.6% year-over-year).
- 2018: Revenue of $732K, expenses of $331K, and assets of $5.9M (revenue +207.4% year-over-year).
- 2017: Revenue of $238K, expenses of $331K, and assets of $6.5M (revenue -24.7% year-over-year).
- 2016: Revenue of $316K, expenses of $330K, and assets of $6.2M (revenue +690.3% year-over-year).
- 2015: Revenue of $40K, expenses of $331K, and assets of $6.0M (revenue -77.1% year-over-year).
- 2014: Revenue of $175K, expenses of $332K, and assets of $6.5M (revenue -24.7% year-over-year).
- 2013: Revenue of $233K, expenses of $330K, and assets of $6.4M (revenue -17.6% year-over-year).
- 2012: Revenue of $282K, expenses of $329K, and assets of $6.2M (revenue -10.8% year-over-year).
- 2011: Revenue of $316K, expenses of $327K, and assets of $5.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Smith Shaver Law School Scholarship Fund Inc:
Data Sources and Methodology
This transparency report for Smith Shaver Law School Scholarship Fund 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.