Smith Family Memorial Fund Ta

Nonprofit profile at a glance

EIN
346917113
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024
Location
Brooklyn, OH, USA
Phone
2166897663
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Affiliation
Judaism

Reported finances

Revenue
$-2,894
Expenses
$11,878
Assets
$166,315
Liabilities
$0

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

Leadership & pay

1 person listed

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

In compliance with the trust agreement dated november 22, 1983, after the death of harry c. Smith, the smith family memorial fund was established for the purpose of making grant payments to the jewish community federation of cleveland in cleveland, Ohio. All payments made pursuant to the provisions of this trust shall be applied by the federation for one or more social service, education, and/or welfare programs in the united states as the governing body of the federation shall from time to time determine. Under the Ohio institutional trust funds act of 1999, the beneficiary has chosen to receive the maximum of income based on the greater of 5% of afv or traditional income. Furthermore, keybank maintains a responsiveness to the needs and activities of the jewish community federation in the attainment of its mission and may amend the trust document to enable this trust fund to qualify or continue to qualify as a charitable trust.

What it reported doing in 2024

Grants are made to the jewish community federation of cleveland to be applied by the federation for one or more social service, education, and/or welfare programs in the united states as the governing body of the jewish community federation shall from time to time determine.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 82
  • Sustainability: 38
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 65.5%; rating input score 65

Transparency & Controls

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

Sustainability

  • Operating margin: -510.4%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 14; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 25.7%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: -9.2% per year; rating input score 0; 28th percentile among comparable filings
  • Revenue growth: -52.3% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -4.2% per year; rating input score 0; 26th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 65.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $8K in reported program spending
  • Leadership: top reported pay $0 · 1 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • 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 — Sustainability: Operating margin scored 3/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 7/100.