Smyth County Charitable Fund EIN 31-1650055 Form 990 (PDF) Claim this org

Smyth County Charitable Fund

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Funds programs improving community health and well-being. For fiscal year 2024 it reported $2.7M in revenue, $3.3M in expenses, and $56.2M in net assets.Pt I

Type
Supporting organization · Health Care
Location
Marion, VA
Filings
5 on file (2020–2024)
Revenue
$2.7MFY2024
Expenses
$3.3M
Net assets
$56.2M
People
16
Filings
5
Updates
0
More identity details & actions ⌄
EIN  31-1650055 Supporting organization Marion, VA
Form 990 (PDF)
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Figures match the IRS filing checked 8/31/26 · see original: IRS
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Size
$1–10M
What they do
Funds programs improving community health and well-being.
Leadership
Lynda Helton · Executive Director · $100K
Money in and out
$2.7M revenue, $3.3M expenses
Bottom line
-24% net inflow
Money in and out · FY2024
Total revenue
$2.7M
Pt VIII · Ln 12
Total expenses
$3.3M
Pt IX · Ln 25
Net assets
$56.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$648K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.16 Fundraising $0.00
Net inflow
-24%
revenue over expenses, this year▼ -215% vs prior filing year
Pass-through gifts
0.08%
of revenue from contributions▲ +165% vs prior filing year
Program spending
84%
of expenses reach stated programs▲ +3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$2.7M
FY2024▼ -17%
Expenses
$3.3M
FY2024▲ +30%
Total assets
$57.6M
FY2024▲ +16%
Total liabilities
$1.3M
FY2024▲ ×16
Total revenue
$2.7M
Pt VIII · Ln 12
Total expenses
$3.3M
Pt IX · Ln 25
Net assets
$56.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$648K
Total assetsPt X · Ln 16$57.6M
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSmyth County Charitable Fund
EINHdr · item D31-1650055
Principal addressHdr · item CMarion, VA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E110)
Ruling yearIRS BMFMay 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$100,160Pt VII · Sec A
$59,285Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Lynda Helton’s $100K as Executive Director is at the 22nd percentile of top reported officer pay among 3116 $1–10M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Lynda Helton$100,160
Robert Watkins$92,295$90,509$85,835$95,616
Kevin Vernon$59,285

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $2.8M of program spending, described in the organization's own filed words · FY2023.
01

Smyth county charitable fund (the "fund") continues to promote and support the lifetime wellness center locations across smyth county. These serve as a hub for promoting health and wellness for our citizens.

$2.8Mprogram expense

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Statement of Revenue

Part VIII
Program service revenue$1.3M · 50%
Investment income$1.3M · 50%
Program service revenue50%$1.3M
Investment income50%$1.3M
Contributions & grants$2K
Total revenueLn 12$2.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.16 Fundraising $0.00
Program services84%$2.8M
Management & general16%$524K
Fundraising$12K
Total functional expensesLn 25$3.3M

Balance Sheet

Part X · end of year
CashLn 1$3.3M
Total assetsLn 16$57.6M
Total liabilitiesLn 26$1.3M
Total net assetsLn 32$56.2M
Months of cash on handcomputed11.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $49.5M · Operating expenses/yr $3.3M
179.1 months
Where the money goes
Program services
Program services $2.8M · Total expenses $3.3M
84%
Management & General
Management & general $524K · Total expenses $3.3M
16%
Fundraising
Fundraising $12K · Total expenses $3.3M
0.4%
Cost to raise $1
Fundraising expense (3-yr avg) $4K · Solicited contributions (3-yr avg) $1K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $2K · Total revenue $2.7M
0.08%
Government reliance
Government grants — · Total revenue $2.7M
Earned-income share
Program service revenue $1.3M · Total revenue $2.7M
50%
Investment reliance
Investment income $1.3M · Total revenue $2.7M
+50%
Program self-sufficiency
Program service revenue $1.3M · Total expenses $3.3M
40%
Growth & trend
Revenue growth (YoY)
This year $2.7M · Prior year $3.2M
-17%
Revenue CAGR
FY2019 $1.4M · FY2023 $2.7M
+17%
Net-asset trend (YoY)
End of year $56.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.7M · Expenses $3.3M
-24%
Liabilities-to-Assets
Total liabilities — · Total assets $57.6M
Net-asset ratio
Net assets $56.2M · Total assets $57.6M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $31.9M · Other securities (Pt X, ln 12) $14.3M · Total assets (Pt X, ln 16) $57.6M
80%
People & payroll
Highest Reported Total Compensation
Individual Lynda Helton · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $100K · Total expenses $3.3M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.0M · Total expenses $3.3M
31%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 16%
Fundraising cost ratio 518%
Revenue growth -17%
Investment management fee ratio 0.09%
Legal fee ratio 0.2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 26 grants · $1.8M · 2019–2023
Smyth County FoundationVA · FY2023$323,713
Mission Dental Virginia INCVA · FY2023$52,000
Mount Rogers Health DistrictFY2023$32,909
Project Crossroads INCVA · FY2023$23,175
William King Museum of ArtVA · FY2023$22,500
Virginias Kids BelongVA · FY2023$10,000
Marion Rotary ClubFY2023$7,800
Town of ChillhowieFY2022$125,000
Town of MarionFY2022$65,750
Mission Dental Virginia INCVA · FY2022$50,000
See all 26 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$2.7M revenue · viewing · ⤓ 990 PDF
FY2023$3.2M revenue · ⤓ 990 PDF
FY2022$35.6M revenue · ⤓ 990 PDF
FY2021$3.2M revenue · ⤓ 990 PDF
FY2020$1.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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