Pat & Emmitt Smith Charities FY2020 filing

Tax-deductible

Dallas, TX501(c)(3)Foundations & GrantmakersEIN 20-1895778Revenue $509K in FY2020

On file with the IRS5600 W Lovers Ln Ste 116 Pmb 553, 75209-4360 · Dallas, TXTax-exempt since Feb 2015Publicly supported — 509(a)(2)

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Pat & Emmitt Smith Charities creates and funds unique educational experiences and enrichment opportunities for underserved youth.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$150K
60% of total assets
Fine: liabilities are 60% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$509K
Spent
$460K
To programs
81%
Net assets
$101K
By yearFY2020–FY2023
Revenue
$509K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$509K
FY2021$1K
FY2022$72K
FY2023$35K
Net assets
$101K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$101K
FY2021$39K
FY2022$61K
FY2023$44K

From the FY2020 Form 990 (year ending September 2020) · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Feb 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $371K Management & general 18% · $85K Fundraising 1% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Director
$0Pt VII · Sec A
President & CEO
$0Pt VII · Sec A
Sec/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Pat & Emmitt Smith Charities executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Funds unique educational experiences and enrichment for underserved youth.

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Provided by the organization

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3 programs · $370K · in their own filed words · FY2019
01

We had faithful donors give to support our Team 22 kids and other organizations with their educational grants.

$161Kprogram expense
02

Emmitt Smith Gran Fondo was cancelled in 2020 due to COVID-19 restrictions. We did receive PPP Loan funds of $37,200 to assist us in maintaining the staff during these difficult months. As well as generous donors who also gave during this time for that same purpose.

$105Kprogram expense
03

Emmitt Smith Celebrity Golf Tournament was not held in 2020 due to COVID-19 restrictions and all events being cancelled. However, we were able to get PPP loan funds at $37,200 to assist us to keep staff on throughout this period. We also had generous donors who gave to the charity to also assist us during these difficult months.

$103Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$16

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$509K
Ln 12
Gifts and grantsLn 1h$519K
Fees for servicesLn 2g$10K
Investment incomeLn 3$164
Money outPt IX
$460K
Ln 25
Programscol B$371K
Managementcol C$85K
Fundraisingcol D$3K
Owns and owesPt X
$101K
net assets · Ln 32
Cash and savingsLn 1–2$239K
Total assetsLn 16$251K
LiabilitiesLn 26$150K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$519K
Government grantsLn 1e$39K
Fundraising eventsLn 1c$110K
Fees for servicesLn 2g$10K
Investment incomeLn 3$164
Gains on assetsLn 7$0
Total revenueLn 12$509K
Assets in detailPt X, end of year
CashLn 1$239K
SavingsLn 2$0
Cash and savings togetherLn 1–2$239K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$251K
LiabilitiesLn 26$150K
Net assetsLn 32$101K
OperationsPt I, VI
EmployeesI 52
VolunteersI 6750
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$137K$239K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$5K$0
Total assetsLn 16$339K$251K
LiabilitiesLn 26$288K$150K
Net assetsLn 32$51K$101K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$161K$161K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$162K$130K$32K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$6K$5K$1K
Payroll taxesLn 10$14K$11K$3K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$14K$14K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$32K$30K$2K
Advertising and promotionLn 12$0
Office expensesLn 13$32K$21K$12K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$22K$9K$10K$3K
All other expensesLn 24e$8K$5K$2K
Total functional expensesLn 25$460K$371K$85K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $35K$44K 990 PDF
FY2022 $72K$61K 990 PDF
FY2021 $1K$39K 990 PDF
FY2020 Viewing $509K$460K$50K$101K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $509,238 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,324,752$519,430
I-9 Program service revenuePrior year $50,000$10,000
I-10 Investment incomePrior year $212$164
I-11 Other revenuePrior year −$1,105,082−$20,356
I-12 Total revenuePrior year $269,882$509,238
I-13 Grants and similar amounts paidPrior year $75,990$161,366
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $178,506$181,922
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $138,096$116,214
I-18 Total expensesPrior year $392,592$459,502
I-19 Revenue less expensesPrior year −$122,710$49,736
Part VI · Governance 2 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $509,238 across 11 lines filed
VIII-1c Fundraising events$110,000
VIII-1e Government grants$39,200
VIII-1f All other contributions, gifts and grants$370,230
VIII-1h Total contributions, gifts and grants$519,430
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,000$10,000
VIII-3 Investment incomeExcluded from tax $164$164
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax −$20,356−$20,356
VIII-12 Total revenueRelated to mission $10,000 · Excluded from tax −$20,192$509,238
Part IX · Statement of functional expenses $459,502 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $161,366$161,366
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $129,600 · Management $32,400$162,000
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $5,047 · Management $1,262$6,309
IX-10 Payroll taxesPrograms $10,890 · Management $2,723$13,613
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $14,500$14,500
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $30,000 · Management $1,530$31,530
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $20,602 · Management $11,649$32,251
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $4,716$4,716
IX-23 InsuranceManagement $3,860$3,860
IX-24 Other expenses (24a–d)Programs $8,547 · Management $10,000 · Fundraising $3,301$21,848
IX-24e All other expensesPrograms $5,229 · Management $2,280$7,509
IX-25 Total functional expensesPrograms $371,281 · Management $84,920 · Fundraising $3,301$459,502
Part X · Balance sheet $251,468 assets, 19 lines filed
Asset lines not itemized here account for $12,226; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $136,586$239,242
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $162,052$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $4,716$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $339,441$251,468
X-17 Accounts payable and accrued expensesStart of year $138,124$515
X-24 Unsecured notes and loans payable$149,900
X-26 Total liabilitiesStart of year $288,124$150,415
X-27 Net assets without donor restrictionsStart of year $51,317$101,053
X-32 Total net assets or fund balancesStart of year $51,317$101,053
X-33 Total liabilities and net assetsStart of year $339,441$251,468
Part XI · Reconciliation of net assets $101,053 net assets at year end
XI-1 Total revenue$509,238
XI-2 Total expenses$459,502
XI-3 Revenue less expenses$49,736
XI-4 Net assets at start of year$51,317
XI-10 Net assets at end of year$101,053

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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