Smart Parcel Service Inc

Nonprofit profile at a glance

EIN
813176838
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024, Form 990-N 2022
Location
Torrance, CA, USA
Phone
3104089711
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Management & Technical Assistance

Reported finances

Revenue
$13,126
Expenses
$7,645
Assets
$17,910

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • JOSEPH LAI (PRESIDENT)

People named in this filing

  • JOSEPH LAI (PRESIDENT)
  • JOSHUA LAI (SECRETARY)
  • SANDY CHAO (TREASURER)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Smart parcel service is dedicated to develop technologies, educate public with new technologies and provide solutions for disaster relief for less fortunate kids.

What it reported doing in 2024

Smart parcel service has partners with the the boys and girls club, los angeles maritime institute, altsea, san pedro high schools, Pennsylvania high scool, the maritime exchange developing curriculum and meshed network technologies for maritime emergency applicaitons. Smart parcel service is in development of emergency delivery service for food, water, medicine, kids toys, books for students, weapons for freedom fighter/law enforcement agency. Smart parcel is currnetly working with the wow (water on wheels) with the philippines NGO and California drought water delivery service.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 82
  • Sustainability: 68
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 58.2%; rating input score 58
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 41.8%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 2.34; rating input score 69; 69th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 66% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 19.8% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 29.1% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 58.2% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $8K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2021 to 2024
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 58/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.