Reggie Smith Foundation Inc
Nonprofit profile at a glance
- EIN
- 822972563
- IRS 990-EZ coverage
- 2018–2018
- Forms available
- Form 990-EZ 2018, Form 990-N 2017
- Location
- Studio City, CA, USA
- Phone
- 8182574658
- Rating
- 56
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Baseball, Softball
Reported finances
- Revenue
- $147,650
- Expenses
- $122,920
- Assets
- $24,730
Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- CARL REGINALD SMITH (PRESIDENT)
People named in this filing
- JAMES S ROBERTSON (CHIEF FINANC)
- CARL REGINALD SMITH (PRESIDENT)
- LLOYD PANTELL (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The foundation's goal is to become a nationally recognized leader in the promotion of youth sports as a vehicle to obtain a quality education. A specific aim is to serve student athletes in underserved areas in order to provide the same or similar opportunities as those student athletes whose families are better able to provide them with the financial support to attend elective and highly selective colleges.
What it reported doing in 2018
In 2018, reggie formed the reggie smith foundation, a 501 (c) (3) tax- exempt organization dedicated to youth sports, principally baseball and softball. The foundation is the culmination of decades of reggie's work with youth baseball and his commitment to improve the development and character of youth through positive participation in sports. While reggie still teaches hitting to college and professional players and mentors young coaches (many of whom now coach at the professional and collegiate levels), his first love is teaching the game of baseball - and all of its life lessons - to today's youth. The program currently provides sports training and participation in a safe, respectful environment to youths from ages 8 to 17, as well as providing resources and recruiting assistance to high school aged student-athletes interested in competing at the collegiate level. Through the generous support of donors, the foundation has provided financial support for many players from underserved areas who cannot afford the high cost of participating in showcases and travel teams.
Operating model
- Revenue model
- Earned-program. 72% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 42
- Transparency & Controls: 82
- Sustainability: 47
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 39%; rating input score 39
- Program expense ratio: 46.8%; rating input score 47
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 16.7%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 0.2; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 64; 64th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 39% of revenue deployed · 46.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $58K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Financial Efficiency: Mission deployment rate scored 39/100.
- Moderate — Financial Efficiency: Program expense ratio scored 47/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.