Smiling Souls INC EIN 81-1779734 Form 990 (PDF) Claim this org

Smiling Souls INC

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Provides entertainment and stress relief to ease suffering and distress. For fiscal year 2024 it reported $643K in revenue, $749K in expenses, and $194K in net assets.Pt I

Type
Public charity (501(c)(3)) · Health Care
Location
Brooklyn, NY
Website
smilingsouls.com
Filings
5 on file (2020–2024)
Revenue
$643KFY2024
Expenses
$749K
Net assets
$194K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  81-1779734 Public charity (501(c)(3)) Brooklyn, NY
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides entertainment and stress relief to ease suffering and distress.
Leadership
Zelig Friedman · President · $15K
Money in and out
$643K revenue, $749K expenses
Bottom line
73% program efficiency
Where the money goes · FY2024
Total revenue
$643K
Pt VIII · Ln 12
Total expenses
$749K
Pt IX · Ln 25
Net assets
$194K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$106K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.20 Fundraising $0.07
Program efficiency
73%
of spending reaches programs▲ +9% vs prior filing year
Operating runway
0.2mo
months of highly liquid reserves at operating expense rate▼ -92% vs prior filing year
Surplus margin
-17%
revenue over expenses, this year▼ -213% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$643K
FY2024▼ -49%
Expenses
$749K
FY2024▼ -31%
Total assets
$235K
FY2024▼ -28%
Total liabilities
$41K
FY2024▲ +45%
Total revenue
$643K
Pt VIII · Ln 12
Total expenses
$749K
Pt IX · Ln 25
Net assets
$194K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$106K
Total assetsPt X · Ln 16$235K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSmiling Souls INC
EINHdr · item D81-1779734
Principal addressHdr · item CBrooklyn, NY
WebsiteHdr · item Jsmilingsouls.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E86)
Ruling yearIRS BMFAug 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
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
$15,000Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Zelig Friedman’s $15K as President is at the 8th percentile of top reported officer pay among 1965 $100K–1M 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.

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Mission & Programs · Part III

Where the work happens

1 program service account for $545K of program spending, described in the organization's own filed words · FY2024.
01

The organization was formed for the purpose of easing the pain of those that are suffering from physical or emotional pain and distress by providing entertainment and stress-free outlets. The organization provides mentoring, and entertaining programs for the sick and to their family members, as well as to orphans or children of divorced…

$545Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$643K
Total revenueLn 12$643K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.20 Fundraising $0.07
Program services73%$545K
Management & general20%$154K
Fundraising7%$50K
Total functional expensesLn 25$749K

Balance Sheet

Part X · end of year
CashLn 1$14K
Total assetsLn 16$235K
Total liabilitiesLn 26$41K
Total net assetsLn 32$194K
Months of cash on handcomputed0.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $14K · Operating expenses/yr $749K
0.2 months
Where the money goes
Program services
Program services $545K · Total expenses $749K
73%
Management & General
Management & general $154K · Total expenses $749K
20%
Fundraising
Fundraising $50K · Total expenses $749K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $129K · Solicited contributions (3-yr avg) $865K
$0.15 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $643K · Total revenue $643K
100%
Government reliance
Government grants — · Total revenue $643K
Earned-income share
Program service revenue $0 · Total revenue $643K
0%
Investment reliance
Investment income $0 · Total revenue $643K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $749K
0%
Growth & trend
Revenue growth (YoY)
This year $643K · Prior year $1.3M
-49%
Revenue CAGR
FY2020 $440K · FY2024 $643K
+10%
Net-asset trend (YoY)
End of year $194K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $643K · Expenses $749K
-17%
Liabilities-to-Assets
Total liabilities — · Total assets $235K
Net-asset ratio
Net assets $194K · Total assets $235K
82%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $235K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Zelig Friedman · Reported title PRESIDENT · Highest reported compensation $15K · Total expenses $749K
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $47K · Total expenses $749K
6%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 20%
Fundraising cost ratio 8%
Revenue growth -49%
Accounting fee ratio 1%

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 · funders on record
Grants received · FY2024
The Ojc FundFY2024$25K
Total grants receivedfrom 7 funders$80K
See all 7 funders →

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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)$643K revenue · viewing · ⤓ 990 PDF
FY2023$1.3M revenue · ⤓ 990 PDF
FY2022$687K revenue · ⤓ 990 PDF
FY2021$601K revenue · ⤓ 990 PDF
FY2020$440K 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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