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Sma Foundation INC FY2021 filing

Tax-deductible

Staunton, VA501(c)(3) EIN 54-1442734Revenue $149K in FY2021

On file with the IRSsma-alumni.orgPo Box 958, 24402-0958 · Staunton, VATax-exempt since Sep 1989School — 170(b)(1)(A)(ii)

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Support of military school education and preservation of history of staunton military academy

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $1K a year · under 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
104 mo
of spending, in cash
Looks good: 103.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$969
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$149K
Spent
$79K
To programs
60%
Net assets
$694K
By yearFY2021–FY2025
Revenue
$149K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$149K
FY2023$170K
FY2024$128K
FY2025$116K
Expenses
$79K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$79K
FY2023$168K
FY2024$136K
FY2025$175K
Net assets
$694K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$694K
FY2023$710K
FY2024$712K
FY2025$651K

From the FY2021 Form 990 (year ending August 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1989.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $47K Management & general 38% · $30K Fundraising 2% · $2K

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

21 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
David Shipula
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Alfred Rossy
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Sma Foundation INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports military school education and preserves the history of Staunton Military Academy.

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Provided by the organization

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2 programs · $47K · in their own filed words · FY2020
01

Foundation operates a museum using volunteers that focuses on the history of staunton military academy. Approximately 250 visitors for the year.

$26Kprogram expense
02

Support of military education by raising funds and contributing to the scholarship program at mary baldwin university for the virginia women's institute for leadership.

$22Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2022
Jewish Communal FundFY2022$10K
Total grants receivedfrom 1 funder$10K
Grants paid · 6 grants · $219K · 2020–2024
Mary Baldwin UniversityVA · FY2024$69,000
Unitemized GrantFY2024$7,500
Mary Baldwin UniversityVA · FY2023$39,100
Mary Baldwin UniversityVA · FY2022$84,399
Mary Baldwin UniversityVA · FY2020$11,000
Unitemized GrantFY2020$8,000

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$149K
Ln 12
Gifts and grantsLn 1h$132K
Investment incomeLn 3$11K
Other incomeLn 4–11$6K
Money outPt IX
$79K
Ln 25
Programscol B$47K
Managementcol C$30K
Fundraisingcol D$2K
Owns and owesPt X
$694K
net assets · Ln 32
Cash and savingsLn 1–2$681K
Total assetsLn 16$695K
LiabilitiesLn 26$969
PeoplePt VI, VII
21
listed · VII A
PaidVII A0
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$132K
Investment incomeLn 3$11K
Other incomeLn 4–11$6K
Total revenueLn 12$149K
Assets in detailPt X, end of year
CashLn 1$356K
SavingsLn 2$326K
Cash and savings togetherLn 1–2$681K
Land, buildings, equipmentLn 10c$5K
Total assetsLn 16$695K
LiabilitiesLn 26$969
Net assetsLn 32$694K
OperationsPt I, VI
EmployeesI 52
VolunteersI 61
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$603K$681K
Land, buildings, equipmentLn 10c$13K$5K
Total assetsLn 16$625K$695K
LiabilitiesLn 26$1K$969
Net assetsLn 32$624K$694K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$11K$11K
Grants to domestic individualsLn 2$8K$8K
Other salaries and wagesLn 7$33K$17K$17K
Payroll taxesLn 10$3K$1K$2K
Accounting feesLn 11c$4K$4K
Depreciation, depletion and amortizationLn 22$7K$7K
Other expenses (24a–d)Ln 24$6K$2K$4K
All other expensesLn 24e$6K$764$4K$2K
Total functional expensesLn 25$79K$47K$30K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $116K$175K−$59K$651K 990 PDF
FY2024 $128K$136K−$8K$712K 990 PDF
FY2023 $170K$168K$2K$710K 990 PDF
FY2022 Not on file
FY2021 Viewing $149K$79K$70K$694K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $148,633 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $84,645$131,901
I-9 Program service revenue$0
I-10 Investment incomePrior year $13,184$10,699
I-11 Other revenuePrior year $6,039$6,033
I-12 Total revenuePrior year $103,868$148,633
I-13 Grants and similar amounts paidPrior year $24,000$19,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $37,119$36,300
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $27,886$23,540
I-18 Total expensesPrior year $89,005$78,840
I-19 Revenue less expensesPrior year $14,863$69,793
Part VI · Governance 21 of 21 board members independent, 4 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $148,633 across 5 lines filed
Lines not itemized here account for $1,019 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$131,901
VIII-1h Total contributions, gifts and grants$131,901
VIII-3 Investment incomeExcluded from tax $10,699$10,699
VIII-8 Net income from fundraising eventsExcluded from tax $5,014$5,014
VIII-12 Total revenueRelated to mission $1,019 · Excluded from tax $15,713$148,633
Part IX · Statement of functional expenses $78,840 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $11,000$11,000
IX-2 Grants to domestic individualsPrograms $8,000$8,000
IX-7 Other salaries and wagesPrograms $16,735 · Management $16,735$33,470
IX-10 Payroll taxesPrograms $1,302 · Management $1,528$2,830
IX-11c Accounting feesManagement $3,906$3,906
IX-22 Depreciation, depletion and amortizationPrograms $7,346$7,346
IX-24 Other expenses (24a–d)Programs $2,232 · Management $3,797$6,029
IX-24e All other expensesPrograms $764 · Management $3,726 · Fundraising $1,769$6,259
IX-25 Total functional expensesPrograms $47,379 · Management $29,692 · Fundraising $1,769$78,840
Part X · Balance sheet $695,142 assets, 11 lines filed
Asset lines not itemized here account for $268; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $95,816$355,784
X-2 Savings and temporary cash investmentsStart of year $507,681$325,523
X-8 Inventories for sale or useStart of year $9,051$8,237
X-10c Land, buildings and equipment, netStart of year $12,677$5,330
X-16 Total assetsStart of year $625,493$695,142
X-25 Other liabilitiesStart of year $1,113$969
X-26 Total liabilitiesStart of year $1,113$969
X-27 Net assets without donor restrictionsStart of year $84,701$93,734
X-28 Net assets with donor restrictionsStart of year $539,679$600,439
X-32 Total net assets or fund balancesStart of year $624,380$694,173
X-33 Total liabilities and net assetsStart of year $625,493$695,142
Part XI · Reconciliation of net assets $694,173 net assets at year end
XI-1 Total revenue$148,633
XI-2 Total expenses$78,840
XI-3 Revenue less expenses$69,793
XI-4 Net assets at start of year$624,380
XI-10 Net assets at end of year$694,173

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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