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Smith Academy for Excellence INC

Tax-deductible

Okemos, MI501(c)(3) EIN 80-0780625Revenue $1.0M in FY2025

On file with the IRSfwsafe.com2125 University Park Drive, 48864-6910 · Okemos, MITax-exempt since Jun 2012School — 170(b)(1)(A)(ii)

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The mission of the Academy is based on a holistic approach to education. Academic rigor is critical and is bolstered by character education and service learning as well as college preparation. The Academy collaborates with families, community partners and institutions of higher education as we fulfill our mission.

501(c)(3) charity; gifts are tax-deductible.
39¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
5 of 6
filings with a surplus
Average surplus $407K a year · 27% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
39%
of spending
Concern: 39% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $1.0M
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$168K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
-69% vs prior year
Spent
$1.2M
To programs
39%
Net assets
$2.7M
By yearFY2020–FY2025
Revenue
$1.0M
FY2025▼ -69%
Tap a bar for its year
Revenue by fiscal year
FY2020$834K
FY2021$952K
FY2022$1.3M
FY2023$1.6M
FY2024$3.3M
FY2025$1.0M
Expenses
$1.2M
FY2025▼ -18%
Tap a bar for its year
Expenses by fiscal year
FY2020$829K
FY2021$818K
FY2022$1.0M
FY2023$1.2M
FY2024$1.5M
FY2025$1.2M
Net assets
$2.7M
FY2025▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$309K
FY2021$444K
FY2022$742K
FY2023$1.2M
FY2024$3.0M
FY2025$2.7M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2012.

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

Where the money goes

39 cents of each dollar spent went to programs.

Program services 39% · $473K Management & general 61% · $752K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Dr Roger W Ringenberg
Vice-President
$0Pt VII · Sec A
Remound W Wright II
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Melinda Benkovsky
Chief Financial Officer
$0Pt VII · Sec A
Corey Smith
School Leader
$0Pt VII · Sec A
See Smith Academy for Excellence 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates students holistically with academics, character, service, and college prep, partnering with families and community.

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Provided by the organization

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1 program · $473K · in their own filed words · FY2024
01

Educational equity for at-risk students in fort wayne, indiana and vicinity. During the 2024-2025 school year, the academy served approximately 65 students in grades four to twelve.

$473Kprogram 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 · FY2024
Natl Christian Charitable Fdn INCFY2024$1.0M
Community Foundation of Greater Fort Wayne INCFY2024$25K
Total grants receivedfrom 2 funders$1.0M

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$994K
Other incomeLn 4–11$12K
Investment incomeLn 3$7K
Money outPt IX
$1.2M
Ln 25
Programscol B$473K
Managementcol C$752K
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$69K
Total assetsLn 16$2.9M
LiabilitiesLn 26$168K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$994K
Government grantsLn 1e$948K
Noncash giftsLn 1g$3K
Fees for servicesLn 2g$4K
Investment incomeLn 3$7K
Other incomeLn 4–11$12K
Gains on assetsLn 7$7K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$69K
Cash and savings togetherLn 1–2$69K
Land, buildings, equipmentLn 10c$2.8M
Total assetsLn 16$2.9M
LiabilitiesLn 26$168K
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$294K$69K
Land, buildings, equipmentLn 10c$2.7M$2.8M
Total assetsLn 16$3.1M$2.9M
LiabilitiesLn 26$157K$168K
Net assetsLn 32$3.0M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$26K$26K
Other fees for servicesLn 11g$850K$409K$441K
Office expensesLn 13$35K$25K$10K
OccupancyLn 16$103K$103K
Depreciation, depletion and amortizationLn 22$65K$65K
InsuranceLn 23$34K$34K
Other expenses (24a–d)Ln 24$112K$39K$73K
Total functional expensesLn 25$1.2M$473K$752K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.0M$1.2M−$208K$2.7M 990 PDF
FY2024 $3.3M$1.5M$1.8M$3.0M 990 PDF
FY2023 $1.6M$1.2M$428K$1.2M 990 PDF
FY2022 $1.3M$1.0M$298K$742K 990 PDF
FY2021 $952K$818K$134K$444K 990 PDF
FY2020 $834K$829K$5K$309K 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 FY2025 990 (6 parts)
Part I · Summary $1,016,809 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,272,487$994,017
I-9 Program service revenuePrior year $3,018$4,220
I-10 Investment incomePrior year $0$6,880
I-11 Other revenuePrior year $1,452$11,692
I-12 Total revenuePrior year $3,276,957$1,016,809
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,491,421$1,224,577
I-18 Total expensesPrior year $1,491,421$1,224,577
I-19 Revenue less expensesPrior year $1,785,536−$207,768
Part VI · Governance 4 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,016,809 across 8 lines filed
VIII-1e Government grants$948,373
VIII-1f All other contributions, gifts and grants$45,644
VIII-1g Noncash contributions (included above)$3,000
VIII-1h Total contributions, gifts and grants$994,017
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,220$4,220
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,880$6,880
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $11,692$11,692
VIII-12 Total revenueRelated to mission $15,912 · Unrelated business $0 · Excluded from tax $6,880$1,016,809
Part IX · Statement of functional expenses $1,224,577 across 7 lines filed
IX-11a Management feesManagement $25,956$25,956
IX-11g Other fees for servicesPrograms $408,844 · Management $440,748$849,592
IX-13 Office expensesPrograms $25,397 · Management $9,722$35,119
IX-16 OccupancyManagement $102,566$102,566
IX-22 Depreciation, depletion and amortizationManagement $65,117$65,117
IX-23 InsuranceManagement $34,232$34,232
IX-24 Other expenses (24a–d)Programs $38,576 · Management $73,419$111,995
IX-25 Total functional expensesPrograms $472,817 · Management $751,760 · Fundraising $0$1,224,577
Part X · Balance sheet $2,915,576 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $294,318$68,619
X-3 Pledges and grants receivableStart of year $94,144$53,771
X-9 Prepaid expenses and deferred chargesStart of year $7,409$7,409
X-10c Land, buildings and equipment, netStart of year $2,716,885$2,785,777
X-16 Total assetsStart of year $3,112,756$2,915,576
X-17 Accounts payable and accrued expensesStart of year $63,977$90,225
X-19 Deferred revenueStart of year $93,023$77,363
X-26 Total liabilitiesStart of year $157,000$167,588
X-27 Net assets without donor restrictionsStart of year $2,398,019$2,185,686
X-28 Net assets with donor restrictionsStart of year $557,737$562,302
X-32 Total net assets or fund balancesStart of year $2,955,756$2,747,988
X-33 Total liabilities and net assetsStart of year $3,112,756$2,915,576
Part XI · Reconciliation of net assets $2,747,988 net assets at year end
XI-1 Total revenue$1,016,809
XI-2 Total expenses$1,224,577
XI-3 Revenue less expenses−$207,768
XI-4 Net assets at start of year$2,955,756
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,747,988

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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