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Smithfield Learning Center INC FY2020 filing

Desoto, TXUnknown exempt organization EIN 27-4112603Revenue $520K in FY2020Latest filing we have: 2021. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSsmithfieldlearningcenter.comDesoto, TX

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Smithfield is a Private School built upon a foundation of excellence, committed to educational studies & development in intellectual, emotional,social & physical

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-4112603) · Dispute this line
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
The latest return is for FY2021, 5 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $5K a year · 1% of revenue · last 2 filings
A surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
0.1 mo
of spending, in cash
0.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$447K
100% of total assets
Liabilities are 100% of assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
4 of 4 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$520K
Spent
$502K
To programs
100%
Net assets
$0
By yearFY2020–FY2021
Revenue
$520K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$520K
FY2021$320K
Expenses
$502K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$502K
FY2021$327K
Net assets
$0
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$0
FY2021$0

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2021.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $502K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Larry Kiel
Program Manage
$0Pt VII · Sec A
Shirley Danie
Fundraising
$0Pt VII · Sec A
Earnest Brown
Board Member
$0Pt VII · Sec A
See Smithfield Learning Center INC executive salaries →

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

Programs and updates

Educates students in all aspects of their development for a life of excellence.

Questions for Smithfield Learning Center INC

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3 programs · $496K · in their own filed words · FY2020
01

Smithfield provide a very good education for all students, one on one

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-4112603) · Dispute this line
$335Kprogram expense
02

Our school offer below markrt daycare rates to assist families with

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-4112603) · Dispute this line
$98Kprogram expense
03

We offer meals for all students, much of the cost of the meals are

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-4112603) · Dispute this line
$62Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$520K
Ln 12
Fees for servicesLn 2g$515K
Gifts and grantsLn 1h$5K
Money outPt IX
$502K
Ln 25
Programscol B$502K
Owns and owesPt X
$0
net assets · Ln 32
Cash and savingsLn 1–2$4K
Total assetsLn 16$447K
LiabilitiesLn 26$447K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Fees for servicesLn 2g$515K
Total revenueLn 12$520K
Assets in detailPt X, end of year
CashLn 1$4K
Cash and savings togetherLn 1–2$4K
Accounts receivableLn 4$33K
Prepaid expenses and deferred chargesLn 9$2K
Land, buildings, equipmentLn 10c$403K
Intangible assetsLn 14$5K
Total assetsLn 16$447K
LiabilitiesLn 26$447K
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$5K$4K
Land, buildings, equipmentLn 10c$23K$403K
Total assetsLn 16$461K$447K
LiabilitiesLn 26$461K$447K
Net assetsLn 32$0$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$12K$12K
Other salaries and wagesLn 7$206K$206K
Management feesLn 11a$48K$48K
Legal feesLn 11b$4K$4K
OccupancyLn 16$70K$70K
InterestLn 20$21K$21K
Depreciation, depletion and amortizationLn 22$18K$18K
Other expenses (24a–d)Ln 24$38K$38K
All other expensesLn 24e$84K$84K
Total functional expensesLn 25$502K$502K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 LatestFiled with the IRS May 16, 2022 $320K$327K−$7K$0 990 PDF
FY2020 ViewingFiled with the IRS Nov 4, 2021 $520K$502K$18K$0 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $519,939 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $325$5,050
I-9 Program service revenuePrior year $649,529$514,889
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $649,854$519,939
I-13 Grants and similar amounts paidPrior year $32,000$0
I-14 Benefits paid to membersPrior year $12,173$12,200
I-15 Salaries and benefitsPrior year $281,695$206,335
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $301,090$283,825
I-18 Total expensesPrior year $626,958$502,360
I-19 Revenue less expensesPrior year $22,896$17,579
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $519,939 across 5 lines filed
VIII-1f All other contributions, gifts and grants$5,050
VIII-1h Total contributions, gifts and grants$5,050
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $514,889$514,889
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $514,889$519,939
Part IX · Statement of functional expenses $502,360 across 9 lines filed
IX-4 Benefits paid to or for membersPrograms $12,200$12,200
IX-7 Other salaries and wagesPrograms $206,335$206,335
IX-11a Management feesPrograms $48,491$48,491
IX-11b Legal feesPrograms $3,817$3,817
IX-16 OccupancyPrograms $70,449$70,449
IX-20 InterestPrograms $21,015$21,015
IX-22 Depreciation, depletion and amortizationPrograms $17,593$17,593
IX-24 Other expenses (24a–d)Programs $38,128$38,128
IX-24e All other expensesPrograms $84,332$84,332
IX-25 Total functional expensesPrograms $502,360 · Management $0 · Fundraising $0$502,360
Part X · Balance sheet $446,817 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $5,163$4,025
X-4 Accounts receivableStart of year $48,445$33,415
X-9 Prepaid expenses and deferred chargesStart of year $1,000$2,155
X-10c Land, buildings and equipment, netStart of year $23,043$402,687
X-14 Intangible assets$4,535
X-16 Total assetsStart of year $460,718$446,817
X-17 Accounts payable and accrued expensesStart of year $2,088$4,195
X-23 Secured mortgages and notes payableStart of year $447,545$441,632
X-24 Unsecured notes and loans payableStart of year $11,085$990
X-26 Total liabilitiesStart of year $460,718$446,817
X-32 Total net assets or fund balancesStart of year $0$0
X-33 Total liabilities and net assetsStart of year $460,718$446,817
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$519,939
XI-2 Total expenses$502,360
XI-3 Revenue less expenses$17,579
XI-10 Net assets at end of year$0

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

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