Wendell M Smith Foundation
Small Foundation with Declining Assets and Inconsistent Spending
EIN: 223045019 · Proctorsville, VT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $87K |
| Total Expenses | $6K |
| CEO/Top Officer Pay | $0 |
| Net Assets | $341K |
| Transparency Score | 45/100 |
Is Wendell M Smith Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wendell M Smith Foundation
Wendell M Smith Foundation (EIN: 223045019) is a nonprofit organization based in Proctorsville, VT. The organization reported total revenue of $87K and total assets of $325K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wendell M Smith Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wendell M Smith Foundation is a micro nonprofit that has been operating for 35 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8K |
| Total Expenses | $6K |
| Surplus / Deficit | +$2K |
| Total Assets | $341K |
| Total Liabilities | $1 |
| Net Assets | $341K |
| Operating Margin | 27.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 661.0 months |
Financial Health Grade: A
In 2023, Wendell M Smith Foundation reported a surplus of $2K with revenue exceeding expenses, holds 661.0 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), Wendell M Smith Foundation's revenue has declined at a compound annual growth rate (CAGR) of -8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2190.0% | -66.7% | -0.3% |
| 2022 | -98.1% | -22.8% | +3.1% |
| 2021 | +274.1% | +39.3% | -1.4% |
| 2020 | -9.4% | -31.3% | -3.5% |
| 2019 | -72.1% | -46.9% | -23.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Wendell M Smith Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Wendell M Smith Foundation allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting an entirely volunteer-run organization.
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 Wendell M Smith Foundation's IRS 990 filings:
- Zero reported program spending in recent years, despite significant expenses (e.g., $6,185 in 2023).
- Consistent decline in total assets from $510,884 in 2013 to $340,681 in 2023.
- Lack of detailed narrative regarding the foundation's activities or impact.
Strengths
The following positive indicators were identified for Wendell M Smith Foundation:
- No executive compensation reported, indicating a volunteer-driven model.
- Maintains a consistent legal and operational presence over many years.
Frequently Asked Questions about Wendell M Smith Foundation
Is Wendell M Smith Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Wendell M Smith Foundation (EIN: 223045019) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Wendell M Smith Foundation spend its money?
Detailed spending breakdown data is not yet available for Wendell M Smith Foundation. Check back for updated IRS 990 analysis.
Are donations to Wendell M Smith Foundation tax-deductible?
Wendell M Smith Foundation is registered as a tax-exempt nonprofit (EIN: 223045019). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Wendell M Smith Foundation CEO make?
Wendell M Smith Foundation's highest-compensated officer earns $0 annually. The organization reported $87K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Wendell M Smith Foundation located?
Wendell M Smith Foundation is headquartered in Proctorsville, Vermont and files with the IRS under EIN 223045019.
How many years of IRS 990 filings does Wendell M Smith Foundation have?
Wendell M Smith 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 $87K in total revenue.
What does Wendell M Smith Foundation do?
Wendell M Smith Foundation is a nonprofit organization in the Unknown sector, located in Proctorsville, Vermont. It is classified under NTEE code Unknown.
How much revenue does Wendell M Smith Foundation have?
Wendell M Smith Foundation reported total revenue of $86,689. Based on 10 IRS 990 filings on record.
What are Wendell M Smith Foundation's total assets?
Wendell M Smith Foundation holds total assets of $324,684 as reported in IRS 990 filings.
Where is Wendell M Smith Foundation located?
Wendell M Smith Foundation is based in Proctorsville, Vermont.
What is Wendell M Smith Foundation's EIN?
Wendell M Smith Foundation's Employer Identification Number (EIN) is 223045019. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Wendell M Smith Foundation?
Wendell M Smith Foundation is classified under NTEE code Unknown (Unknown).
Is Wendell M Smith Foundation a registered 501(c)(3)?
Wendell M Smith Foundation appears in IRS records (EIN: 223045019). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Wendell M Smith Foundation file IRS Form 990?
Yes, Wendell M Smith Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Wendell M Smith Foundation's revenue in 2023?
In the 202312 filing period, Wendell M Smith Foundation reported total revenue of $8,496, total expenses of $6,185, and net assets of $340,681.
Is Wendell M Smith Foundation's revenue growing or declining?
Wendell M Smith Foundation's revenue is growing. Revenue went from $371 (202212) to $8,496 (202312), a +2190.0% change. Based on 10 filings on record.
What is Wendell M Smith Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Wendell M Smith Foundation covers tax period 202312. It shows revenue of $8,496, expenses of $6,185, total assets of $340,681, and liabilities of $1.
Is Wendell M Smith Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Wendell M Smith Foundation shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 2 strengths noted.
What are the red flags for Wendell M Smith Foundation?
The following concerns were identified: Zero reported program spending in recent years, despite significant expenses (e.g., $6,185 in 2023).. Consistent decline in total assets from $510,884 in 2013 to $340,681 in 2023.. Lack of detailed narrative regarding the foundation's activities or impact.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Wendell M Smith Foundation's strengths?
Positive indicators for Wendell M Smith Foundation include: No executive compensation reported, indicating a volunteer-driven model.. Maintains a consistent legal and operational presence over many years.. These findings are derived from AI analysis of the organization's financial filings.
How does Wendell M Smith Foundation compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting an entirely volunteer-run organization. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 program spending, what is the nature of the 'expenses' reported annually (e.g., $6,185 in 2023) and how do they align with the foundation's mission?
Without further detail in the filings, it's unclear what these expenses cover. They are not categorized as program services, administration, or fundraising, suggesting they might be operational overhead not directly tied to mission delivery.
What is the long-term strategy for the Wendell M Smith Foundation, considering the continuous decline in assets and minimal revenue generation?
The foundation's assets have decreased by approximately 33% over the last decade. With revenue often less than expenses, the current trajectory is unsustainable without new funding sources or a revised operational model.
Filing History
IRS 990 filing history for Wendell M Smith Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wendell M Smith Foundation's revenue has declined by 66.7%, moving from $25K to $8K. Total assets decreased by 30.9% over the same period, from $493K to $341K. Total functional expenses fell by 87.1%, from $48K to $6K. In its most recent filing year (2023), Wendell M Smith Foundation reported a surplus of $2K, with revenue exceeding expenses. The organization holds $1 in liabilities against $341K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $341K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8K | $6K | $341K | $1 | — | — |
| 2022 | $371 | $19K | $342K | $1 | — | View 990 |
| 2021 | $19K | $24K | $331K | $1 | — | — |
| 2020 | $5K | $17K | $336K | $1 | — | View 990 |
| 2019 | $6K | $25K | $348K | $1 | — | — |
| 2015 | $21K | $47K | $453K | $1 | — | View 990 |
| 2014 | $31K | $41K | $501K | $1 | — | View 990 |
| 2013 | $31K | $57K | $511K | $1 | — | View 990 |
| 2012 | $37K | $46K | $509K | $1 | — | View 990 |
| 2011 | $25K | $48K | $493K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8K, expenses of $6K, and assets of $341K (revenue +2190.0% year-over-year).
- 2022: Revenue of $371, expenses of $19K, and assets of $342K (revenue -98.1% year-over-year).
- 2021: Revenue of $19K, expenses of $24K, and assets of $331K (revenue +274.1% year-over-year).
- 2020: Revenue of $5K, expenses of $17K, and assets of $336K (revenue -9.4% year-over-year).
- 2019: Revenue of $6K, expenses of $25K, and assets of $348K (revenue -72.1% year-over-year).
- 2015: Revenue of $21K, expenses of $47K, and assets of $453K (revenue -33.8% year-over-year).
- 2014: Revenue of $31K, expenses of $41K, and assets of $501K (revenue -0.3% year-over-year).
- 2013: Revenue of $31K, expenses of $57K, and assets of $511K (revenue -14.9% year-over-year).
- 2012: Revenue of $37K, expenses of $46K, and assets of $509K (revenue +43.7% year-over-year).
- 2011: Revenue of $25K, expenses of $48K, and assets of $493K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wendell M Smith Foundation:
Data Sources and Methodology
This transparency report for Wendell M Smith 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.