Smeco Charitable Foundation INC EIN 81-3611883 Form 990 (PDF) Claim this org

Smeco Charitable Foundation INC

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Funds community events and grants for charitable, educational, and scientific causes. For fiscal year 2024 it reported $85K in revenue, $64K in expenses, and $258K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Hughesville, MD
Filings
5 on file (2020–2024)
Revenue
$85KFY2024
Expenses
$64K
Net assets
$258K
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  81-3611883 Public foundation / grantmaker Hughesville, MD
Form 990 (PDF)
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Size
<$100K
What they do
Funds community events and grants for charitable, educational, and scientific causes.
Leadership
Sonja M Cox · Vice Preside
Money in and out
$85K revenue, $64K expenses
Bottom line
93% program efficiency
Grants paid & assets · FY2024
Total revenue
$85K
Pt VIII · Ln 12
Total expenses
$64K
Pt IX · Ln 25
Net assets
$258K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $20K
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.07
Program efficiency
93%
of spending reaches programs▲ +0.6% vs prior filing year
Operating runway
9.5mo
months of highly liquid reserves at operating expense rate▲ +83% vs prior filing year
Surplus margin
+24%
revenue over expenses, this year▲ +13% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$85K
FY2024▲ +7%
Expenses
$64K
FY2024▲ +3%
Total assets
$324K
FY2024▲ +8%
Total liabilities
$66K
FY2024▲ +6%
Total revenue
$85K
Pt VIII · Ln 12
Total expenses
$64K
Pt IX · Ln 25
Net assets
$258K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$20K
Total assetsPt X · Ln 16$324K
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $90K of program spending, described in the organization's own filed words · FY2024.
01

Hosting and participating in various events (golf tournaments, walkathons, bike rides and other community events)with proceeds benefitting other organizations, including but not limited to those exempt from income tax under section 501(c)(3) of the internal revenue code through direct contributions and awarding of grants.

$90Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSmeco Charitable Foundation INC
EINHdr · item D81-3611883
Principal addressHdr · item CHughesville, MD
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T21)
Ruling yearIRS BMFMar 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
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
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants136%$115K
Investment income$4
Total revenueLn 12$85K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.07
Program services93%$60K
Management & general7%$4K
Total functional expensesLn 25$64K

Balance Sheet

Part X · end of year
CashLn 1$51K
Total assetsLn 16$324K
Total liabilitiesLn 26$66K
Total net assetsLn 32$258K
Months of cash on handcomputed9.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $51K · Operating expenses/yr $64K
9.5 months
Where the money goes
Program services
Program services $60K · Total expenses $64K
93%
Management & General
Management & general $4K · Total expenses $64K
7%
Fundraising
Fundraising $0 · Total expenses $64K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $103K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $115K · Total revenue $85K
136%
Government reliance
Government grants — · Total revenue $85K
Earned-income share
Program service revenue $0 · Total revenue $85K
0%
Investment reliance
Investment income $4 · Total revenue $85K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $64K
0%
Growth & trend
Revenue growth (YoY)
This year $85K · Prior year $79K
+7%
Revenue CAGR
FY2020 $57K · FY2024 $85K
+10%
Net-asset trend (YoY)
End of year $258K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $85K · Expenses $64K
+24%
Liabilities-to-Assets
Total liabilities — · Total assets $324K
Net-asset ratio
Net assets $258K · Total assets $324K
80%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $324K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Sonja M Cox · Reported title VICE PRESIDE · Highest reported compensation $0 · Total expenses $64K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $64K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 7%
Fundraising cost ratio 0%
Revenue growth 7%

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 · 9 grants · $274K · 2020–2024
Calverthealth Foundation INCMD · FY2024$20,000
Cornerstone Montgomery INCMD · FY2023$58,000
Center for Children INCMD · FY2022$55,000
Southern Maryland Food BankDC · FY2021$45,637
Calverthealth Foundation INCMD · FY2020$18,567
St Mary's Hospital FoundationFY2020$18,566

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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)$85K revenue · viewing · ⤓ 990 PDF
FY2023$79K revenue · ⤓ 990 PDF
FY2022$66K revenue · ⤓ 990 PDF
FY2021$50K revenue · ⤓ 990 PDF
FY2020$57K 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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