Smfb Nmtc Support Corp

Phoenix, AZ · Public charity (501(c)(3)) · Since 2023 · Food & Agriculture

✓ Tax-deductible Latest data FY2024
Revenue
$343K
▼ -99% vs prior year
Spent
$257K
To programs
99%
Net assets
$24.8M
By yearFY2024–FY2024
Revenue
$343K
FY2024▼ -99%
Revenue by fiscal year
FY2024$25.0M
FY2024$343K
Expenses
$257K
FY2024▼ -18%
Expenses by fiscal year
FY2024$313K
FY2024$257K
Net assets
$24.8M
FY2024+0.3%
Net assets by fiscal year
FY2024$24.7M
FY2024$24.8M

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — St Mary's Food Bank Alliance
$24.7M in the latest grant year.
Spent on programs?
99% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↓ -99% vs prior year
Legal name (IRS)Hdr · item CSmfb Nmtc Support Corp
EINHdr · item D93-1873208
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFApr 2024
Year of formationHdr · item L2023
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CPhoenix, AZ
NTEE classificationIRS BMFFood & Agriculture (K11)

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$256K
Management & general1%$1K
Total functional expensesLn 25$257K

Financial health

Program efficiency
99%
of spending reaches programs▼ -0.5% vs prior filing year
Operating runway
4.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+25%
revenue over expenses, this year▼ -75% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$24.8M
FY2024+0.3%
Total assets by fiscal year
FY2024$24.7M
FY2024$24.8M
Total liabilities
$0
FY2024
Total liabilities by fiscal year
FY2024$0
FY2024$0
Revenue less expensesPt I · Ln 19$86K
Total assetsPt X · Ln 16$24.8M
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 43

Balance Sheet

Part X · end of year
CashLn 1$87K
Total assetsLn 16$24.8M
Total liabilitiesLn 26$0
Total net assetsLn 32$24.8M
Months of cash on handcomputed4.0

Statement of Revenue

Part VIII
Investment income100%$343K
Total revenueLn 12$343K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $87K · Operating expenses/yr $257K
4.0 months
Where the money goes
Program services
Program services $256K · Total expenses $257K
99%
Management & General
Management & general $1K · Total expenses $257K
0.5%
Fundraising
Fundraising $0 · Total expenses $257K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $12.4M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $343K
0%
Government reliance
Government grants — · Total revenue $343K
—
Earned-income share
Program service revenue $0 · Total revenue $343K
0%
Investment reliance
Investment income $343K · Total revenue $343K
+100%
Program self-sufficiency
Program service revenue $0 · Total expenses $257K
0%
Growth & trend
Revenue growth (YoY)
This year $343K · Prior year $25.0M
-99%
Net-asset trend (YoY)
End of year $24.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $343K · Expenses $257K
+25%
Liabilities-to-Assets
Total liabilities — · Total assets $24.8M
—
Net-asset ratio
Net assets $24.8M · Total assets $24.8M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $24.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Marc Isaacs · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $257K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $257K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%——
Overhead ratio 0.5%——
Revenue growth -99%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Senior VP of Finance
$0Pt VII · Sec A
CFO (thru Feb 2024)
$0Pt VII · Sec A
See Smfb Nmtc Support Corp executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Provides financial and operational support exclusively to St. Mary's Food Bank Alliance.

Provided by the organization

This section is blank until Smfb Nmtc Support Corp claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $256K of program spending, described in the organization's own filed words · FY2024.
01

SMFB NMTC support corp was formed to benefit ST. Mary's food bank alliance ("ST. Mary's"), an arizona nonprofit corporation, and to facilitate the new markets tax credit ("NMTC") program. The NMTC program is an alternative financing complement to conventional capital sources and is patterned after the federal new markets tax credit…

$256Kprogram expense

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Funders

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

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$24.7M
Grants paid · 2 grants · $569K · 2023–2024
St Mary's Food Bank AllianceAZ · FY2024$255,933
St Mary's Food Bank AllianceAZ · FY2023$313,432

Filing history

YearRevenueExpensesChangeFiling
FY2024 $25.0M$313K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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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