Henry J Smith Charitable Trust EIN 37-6338859 Form 990 (PDF) Claim this org

Henry J Smith Charitable Trust

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Supports education at St. Malachy School in Rantoul, Illinois. For fiscal year 2024 it reported $126K in revenue, $210K in expenses, and $1.7M in net assets.Pt I

Type
Supporting organization · Human Services
Location
Rantoul, IL
Website
henryjsmithtrust.org
Filings
5 on file (2020–2024)
Revenue
$126KFY2024
Expenses
$210K
Net assets
$1.7M
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  37-6338859 Supporting organization Rantoul, IL
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports education at St. Malachy School in Rantoul, Illinois.
Leadership
Richard Humphrey · Trustee-Pres.
Money in and out
$126K revenue, $210K expenses
Bottom line
-67% net inflow
Money in and out · FY2024
Total revenue
$126K
Pt VIII · Ln 12
Total expenses
$210K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$84K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.02 Fundraising $0.01
Net inflow
-67%
revenue over expenses, this year▲ +59% vs prior filing year
Pass-through gifts
24%
of revenue from contributions▲ +6% vs prior filing year
Program spending
97%
of expenses reach stated programs▲ +0.7% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$126K
FY2024▲ +58%
Expenses
$210K
FY2024▲ +1%
Total assets
$1.7M
FY2024▼ -5%
Total liabilities
$0
FY2024
Total revenue
$126K
Pt VIII · Ln 12
Total expenses
$210K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$84K
Total assetsPt X · Ln 16$1.7M
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHenry J Smith Charitable Trust
EINHdr · item D37-6338859
Principal addressHdr · item CRantoul, IL
WebsiteHdr · item Jhenryjsmithtrust.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P58Z)
Ruling yearIRS BMFApr 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
Trustee-Pres.
$0Pt VII · Sec A
Trustee-Secy/Tr
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $204K of program spending, described in the organization's own filed words · FY2024.
01

Support of ST. Malachy school teachers, students, and parents by supporting the operational budget of the ST. Malachy catholic grade school - $181,164.

$181Kprogram expense
02

Employees of ST. Malachy catholic grade school were recognized at a luncheon and awarded 34 indivdiual grants totaling $13,650.

$14Kprogram expense
03

Donations to St. Malachy School for Capital Improvements

$8,944.

$9Kprogram expense

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Statement of Revenue

Part VIII
Investment income$96K · 76%
Contributions & grants$30K · 24%
Investment income76%$96K
Contributions & grants24%$30K
Total revenueLn 12$126K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.02 Fundraising $0.01
Program services97%$204K
Management & general2%$3K
Fundraising1%$3K
Total functional expensesLn 25$210K

Balance Sheet

Part X · end of year
CashLn 1$190K
Total assetsLn 16$1.7M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.7M
Months of cash on handcomputed10.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.7M · Operating expenses/yr $210K
98.6 months
Where the money goes
Program services
Program services $204K · Total expenses $210K
97%
Management & General
Management & general $3K · Total expenses $210K
2%
Fundraising
Fundraising $3K · Total expenses $210K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $3K · Solicited contributions (3-yr avg) $30K
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $30K · Total revenue $126K
24%
Government reliance
Government grants — · Total revenue $126K
Earned-income share
Program service revenue $0 · Total revenue $126K
0%
Investment reliance
Investment income $96K · Total revenue $126K
+76%
Program self-sufficiency
Program service revenue $0 · Total expenses $210K
0%
Growth & trend
Revenue growth (YoY)
This year $126K · Prior year $80K
+58%
Revenue CAGR
FY2020 $198K · FY2024 $126K
-11%
Net-asset trend (YoY)
End of year $1.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $126K · Expenses $210K
-67%
Liabilities-to-Assets
Total liabilities — · Total assets $1.7M
Net-asset ratio
Net assets $1.7M · Total assets $1.7M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.5M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.7M
89%
People & payroll
Highest Reported Total Compensation
Individual Richard Humphrey · Reported title TRUSTEE-PRES. · Highest reported compensation $0 · Total expenses $210K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $210K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 2%
Fundraising cost ratio 10%
Revenue growth 58%
Accounting fee ratio 0.9%

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 · 15 grants · $1.1M · 2020–2024
St Malachy SchoolFY2024$181,164
Unitemized GrantFY2024$13,200
St Malachy SchoolFY2024$8,944
St Malachy SchoolFY2023$184,008
Unitemized GrantFY2023$14,200
St Malachy SchoolFY2022$192,004
Unitemized GrantFY2022$12,700
St Malachy SchoolFY2022$12,176
St Malachy SchoolFY2021$160,000
St Malachy SchoolFY2021$101,169
Unitemized GrantFY2021$11,500
St Malachy SchoolFY2020$160,000
St Malachy SchoolFY2020$37,695
Unitemized GrantFY2020$10,600
St Malachy SchoolFY2020$3,000

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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)$126K revenue · viewing · ⤓ 990 PDF
FY2023$80K revenue · ⤓ 990 PDF
FY2022$111K revenue · ⤓ 990 PDF
FY2021$295K revenue · ⤓ 990 PDF
FY2020$198K 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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