Smartbank Foundation

Nonprofit profile at a glance

EIN
208115548
IRS 990-PF coverage
2012–2025
Forms available
Form 990-PF 2025, Form 990-T 2022
Location
Chattanooga, TN, USA
Phone
4233853097
Rating
90
Verdict
STRONG
Rating confidence
Standard
Sector
Corporate Foundations

Reported finances

Revenue
$12,834
Expenses
$34,080

Source: IRS Form 990-PF. Selected filing: tax year 2025. Amounts in USD.

Overview

Mission

Corporate Foundations

What it reported funding in 2025

The foundation reported 2 grants totaling $30,000. The stated grant purposes included $100,000 contribution over 5 years (beginning 2023) to the saban center whose mission is to provide an environment that encourages learning, creativity, and teamwork. the saban center is a stem and arts campus where education, experience, and innovation meet. saban center will be an innovative hub for education training, arts participation and academic support for teachers and families alike for local and regional school districts to inspire children to enter a variety of stem and arts-related fields. 2024 contribution: $20,000 and $10,000 contribution to top of georgia which is an economic development initiative that serves as a nonprofit fundraising arm to enhance the marketing efforts of the publicly funded northwest georgia joint development authority (nwgajda). top of georgia serves as a way for private individuals or companies to contribute to the economic well-being of the greater northwest georgia area including catoosa, chattooga, dade and walker counties..

Operating model

Revenue model
Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 92% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filed numbers largely add up. Assets provide a limited cushion relative to annual grants.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 88
  • Transparency: 100
  • Compliance: 100
  • Endowment Health: 20

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 78th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 88%; rating input score 88; 72nd percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 9; rating input score 100

Endowment Health

  • Endowment-health comparison: 5.9; rating input score 20; 20th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 20th percentile for endowment coverage
  • Consistency: 9 of 9 current checks pass
  • Filing history: 13 filing years from 2012 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

  • High — Endowment Health: Endowment-health comparison scored 20/100.