W Boyd & Emily Montague Frey Smithking Charitable Foundation
W Boyd & Emily Montague Frey Smithking Charitable Foundation consistently operates with zero officer compensation but has seen asset decline due to expenses exceeding revenue in recent years.
EIN: 207254961 · Cordova, TN · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $159K |
| Total Expenses | $123K |
| Program Spending | 90% |
| Net Assets | $529K |
| Transparency Score | 85/100 |
Is W Boyd & Emily Montague Frey Smithking Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
W Boyd & Emily Montague Frey Smithking Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About W Boyd & Emily Montague Frey Smithking Charitable Foundation
W Boyd & Emily Montague Frey Smithking Charitable Foundation (EIN: 207254961) is a nonprofit organization based in Cordova, TN, classified under NTEE code T20. The organization reported total revenue of $159K and total assets of $477K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of W Boyd & Emily Montague Frey Smithking Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
W Boyd & Emily Montague Frey Smithking Charitable Foundation is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $40K |
| Total Expenses | $123K |
| Surplus / Deficit | $-82,503 |
| Total Assets | $529K |
| Total Liabilities | $1 |
| Net Assets | $529K |
| Operating Margin | -206.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 51.8 months |
Financial Health Grade: B
In 2023, W Boyd & Emily Montague Frey Smithking Charitable Foundation reported a deficit of $83K with expenses exceeding revenue, holds 51.8 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), W Boyd & Emily Montague Frey Smithking Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.6% | +384.6% | -13.5% |
| 2022 | -65.9% | -81.7% | +1.2% |
| 2021 | +628.4% | +455.7% | -6.7% |
| 2020 | -67.8% | -34.0% | -1.8% |
| 2019 | +33.1% | +89.9% | +4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 W Boyd & Emily Montague Frey Smithking Charitable 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: 90%
- fundraising: 0%
According to IRS 990 filings, W Boyd & Emily Montague Frey Smithking Charitable 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $83K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the foundation, which is highly favorable for resource allocation.
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 W Boyd & Emily Montague Frey Smithking Charitable Foundation's IRS 990 filings:
- Consistent asset decline over recent years (from $659,469 in 2019 to $528,827 in 2023) due to expenses exceeding revenue.
Strengths
The following positive indicators were identified for W Boyd & Emily Montague Frey Smithking Charitable Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds.
- Consistent IRS 990 filing history (10 filings), demonstrating good transparency.
- Minimal liabilities ($0 or $1) consistently reported, indicating sound financial management.
- Stable asset base, despite recent declines, suggesting long-term sustainability for a private foundation.
Frequently Asked Questions about W Boyd & Emily Montague Frey Smithking Charitable Foundation
Is W Boyd & Emily Montague Frey Smithking Charitable Foundation a legitimate charity?
W Boyd & Emily Montague Frey Smithking Charitable Foundation (EIN: 207254961) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $159K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does W Boyd & Emily Montague Frey Smithking Charitable Foundation spend its money?
W Boyd & Emily Montague Frey Smithking Charitable Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to W Boyd & Emily Montague Frey Smithking Charitable Foundation tax-deductible?
W Boyd & Emily Montague Frey Smithking Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 207254961). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does W Boyd & Emily Montague Frey Smithking Charitable Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), W Boyd & Emily Montague Frey Smithking Charitable 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 W Boyd & Emily Montague Frey Smithking Charitable Foundation located?
W Boyd & Emily Montague Frey Smithking Charitable Foundation is headquartered in Cordova, Tennessee and files with the IRS under EIN 207254961. It is classified under NTEE code T20.
How many years of IRS 990 filings does W Boyd & Emily Montague Frey Smithking Charitable Foundation have?
W Boyd & Emily Montague Frey Smithking Charitable 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 $159K in total revenue.
Is the W Boyd & Emily Montague Frey Smithking Charitable Foundation a good charity?
Based on the available data, the foundation demonstrates strong financial stewardship by not paying officer compensation and maintaining minimal liabilities. While its assets have decreased in recent years due to expenses exceeding revenue, this is not uncommon for grantmaking foundations fulfilling their mission. Its consistent IRS filings also indicate good transparency.
Why are the foundation's assets decreasing?
The foundation's assets have decreased from $659,469 in 2019 to $528,827 in 2023. This decline is primarily due to expenses exceeding revenue in several periods, such as in 2023 ($122,553 expenses vs. $40,050 revenue) and 2021 ($138,278 expenses vs. $94,884 revenue), indicating it is drawing down its principal to fund its charitable activities.
What is the foundation's primary financial strength?
A significant financial strength is the consistent reporting of 0% officer compensation across all available filings, meaning all operational and program expenses are not burdened by executive salaries.
Filing History
IRS 990 filing history for W Boyd & Emily Montague Frey Smithking Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), W Boyd & Emily Montague Frey Smithking Charitable Foundation's revenue has grown by 12.2%, moving from $36K to $40K. Total assets decreased by 15.2% over the same period, from $624K to $529K. Total functional expenses rose by 231.8%, from $37K to $123K. In its most recent filing year (2023), W Boyd & Emily Montague Frey Smithking Charitable Foundation reported a deficit of $83K, with expenses exceeding revenue. The organization holds $1 in liabilities against $529K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $529K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $40K | $123K | $529K | $1 | — | — |
| 2022 | $32K | $25K | $611K | $1 | — | — |
| 2021 | $95K | $138K | $604K | $1 | — | — |
| 2020 | $13K | $25K | $648K | $1 | — | — |
| 2019 | $40K | $38K | $659K | $1 | — | View 990 |
| 2015 | $30K | $20K | $631K | $0 | — | View 990 |
| 2014 | $56K | $37K | $621K | $1 | — | View 990 |
| 2013 | $48K | $68K | $602K | $0 | — | View 990 |
| 2012 | $20K | $22K | $621K | $0 | — | View 990 |
| 2011 | $36K | $37K | $624K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $40K, expenses of $123K, and assets of $529K (revenue +23.6% year-over-year).
- 2022: Revenue of $32K, expenses of $25K, and assets of $611K (revenue -65.9% year-over-year).
- 2021: Revenue of $95K, expenses of $138K, and assets of $604K (revenue +628.4% year-over-year).
- 2020: Revenue of $13K, expenses of $25K, and assets of $648K (revenue -67.8% year-over-year).
- 2019: Revenue of $40K, expenses of $38K, and assets of $659K (revenue +33.1% year-over-year).
- 2015: Revenue of $30K, expenses of $20K, and assets of $631K (revenue -45.3% year-over-year).
- 2014: Revenue of $56K, expenses of $37K, and assets of $621K (revenue +14.8% year-over-year).
- 2013: Revenue of $48K, expenses of $68K, and assets of $602K (revenue +145.2% year-over-year).
- 2012: Revenue of $20K, expenses of $22K, and assets of $621K (revenue -44.8% year-over-year).
- 2011: Revenue of $36K, expenses of $37K, and assets of $624K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for W Boyd & Emily Montague Frey Smithking Charitable Foundation:
Data Sources and Methodology
This transparency report for W Boyd & Emily Montague Frey Smithking Charitable 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.