The Steve Smith Family Foundation
Nonprofit profile at a glance
- EIN
- 300778749
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-PF 2023, Form 990-T 2024
- Location
- Charlotte, NC, USA
- Phone
- 7042663689
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Named Trusts N.E.C.
Reported finances
- Revenue
- $486,998
- Expenses
- $597,728
- Assets
- $8,173,089
- Liabilities
- $3,833,471
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Jamie Banks (President)
Highest reported compensation
- Michelle Hunt (Executive Dir.): $117,900 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Steve Smith Foundation focuses on the mental health and wellness of families and underserved communities.
What it reported doing in 2024
The Smith Family Behavioral Health Urgent Care, operated by Daymark Recovery Services, is a designated intervention and treatment center where community members with urgent primary behavioral health needs will receive triage, care and referrals.Charlotte Community Health Clinic (CCHC) Express Care offers same-day services for patients that are looking for immediate access to primary care services. The Clinic accepts Medicaid, Medicare, private insurance, as well as those without insurance.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 61
- Transparency & Controls: 92
- Accountability: 63
- Sustainability: 37
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.9%; rating input score 72
- Program expense ratio: 58.6%; rating input score 59
- Fundraising efficiency: $2.97 raised per $1 spent on fundraising; rating input score 13; 13th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 8 controls in place; rating input score 12
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Fail
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -22.7%; rating input score 13; 13th percentile among comparable filings
- Total-asset coverage ratio: 13.67; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0.47; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 19.7%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 71.9% of revenue deployed · 58.6% of spending went to programs
- Governance: 7 of 7 board members independent · 1 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $350K in reported program spending
- Leadership: top reported pay $118K · 8 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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 — Accountability: Governance controls: 7 of 8 not reported.
- Review — Financial Efficiency: Program expense ratio scored 59/100.
- High — Financial Efficiency: Fundraising efficiency scored 13/100.
- High — Sustainability: Operating margin scored 13/100.
- High — Sustainability: Liabilities to assets ratio scored 11/100.
- High — Sustainability: Officer compensation ratio scored 19/100.