Smiles Charity Inc
- Assets
- $638.3k
- Revenue
- $533.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Mckinney, TX
- Founding
- 02/2010
- Data as of
- 06/2022
- EIN
- 27-1346553
Organization Overview
Smiles Charity Inc is located in Mckinney, TX. The organization was established in 2010. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Smiles Charity Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Smiles Charity Inc generated $533.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $394.7k during the year ending 06/2022. While expenses have increased by 8.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SMILES CHARITY IS A NON-PROFIT ORGANIZATION FOUNDED TO BENEFIT CHARITABLE ORGANIZATIONS THAT BUILD HOMES FOR DESERVING FAMILIES. SMILES CHARITY WILL DONATE ITS PROFITS TO BUILD HOMES FOR WOUNDED WAR VETERANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SMILES CHARITY UTILIZES A UNIQUE FUNDRAISING CONCEPT OF BRINGING AN ENTIRE COMMUNITY TOGETHER FOR A FREE CONCERT AND FAMILY FESTIVAL. GENEROUS LOCAL AND CORPORATE BUSINESSES SPONSOR THE ANNUAL CONCERT AND FAMILY FESTIVAL HELD THE SUNDAY BEFORE MEMORIAL DAY IN MCKINNEY, TX. THOUSANDS ATTEND THE CONCERT AND FAMILY FESTIVAL DONATING EVEN MORE MONEY AND RAISING EVEN MORE AWARENESS FOR THE DESIGNATED BENEFICIARY. 100 OF THE NET PROCEEDS FROM THE ANNUAL EVENT ARE THEN DONATED TO BUILD THE DESIGNATED HOME. THE SMILES CHARITY CONCERT AND FAMILY FESTIVAL FEATURES AN OUTDOOR CONCERT ON THE STAGE SURROUNDED BY A FAMILY FRIENDLY FESTIVAL AND CONCLUDES WITH A SPECTACULAR FIREWORKS DISPLAY. THE FESTIVAL INCLUDES A CHILDRENS AREA, FOOD VENDORS, AND A VIP PARTY. FROM BOUNCE HOUSES TO ROCK CLIMBING , THE CHILDREN HAVE A GREAT TIME. MOST OF THE CHILDRENS AREA VENDORS DONATE THEIR SERVICES OR PROVIDE THEM AT A DISCOUNTED RATE. LOCAL FOOD VENDORS SELL CONCESSIONS TO THE ATTENDEES OF THE CONCERT AND FAMILY FESTIVAL. EACH FOOD VENDOR DONATES A MINIMUM OF 20 OF THEIR PROCEEDS TO SMILES CHARITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Holden Secretary | OfficerTrustee | 3 | $0 |
Michael J Buchanan Vice President | OfficerTrustee | 3 | $0 |
Jennifer S Buchanan DDS President | OfficerTrustee | 10 | $0 |
Janis K Ferris Treasurer | OfficerTrustee | 10 | $0 |
Mike Foster Board Member | Trustee | 1 | $0 |
Sally Huggins Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $499,964 |
| Noncash contributions included in lines 1a–1f | $168,212 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $499,964 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,541 |
| Net Income from Gaming Activities | $13,225 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $533,730 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $209,534 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,741 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $8,695 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,159 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,955 |
| All other expenses | $0 |
| Total functional expenses | $394,723 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $636,768 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,500 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $638,268 |
| Accounts payable and accrued expenses | $300,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $300,000 |
| Net assets without donor restrictions | $338,268 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $638,268 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Smiles Charity Inc has recieved totaling $25,407.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $407 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homewise Inc Santa Fe, NM | $208,179,950 | $27,730,929 |
Austin Neighborhood Alliance For Habitat Inc Austin, TX | $0 | $0 |
Juliette Fowler Properties Inc Dallas, TX | $10,066,586 | $665,520 |
Helix Steam Properties Baton Rouge, LA | $9,893,935 | $0 |
La Clinica De Familia Title Holding Corporation Las Cruces, NM | $16,407,020 | $282,120 |
Fc Mission Plaza Inc Austin, TX | $18,856,034 | $382,500 |
Crossroads Nola Inc New Orleans, LA | $1,688,332 | $1,288,718 |
Buckner Fhc-Bachman Lake Dallas, TX | $10,834,245 | $10,458 |
Domain Parkside Iii Llc Dallas, TX | $92,179,663 | $1,974,332 |
Habitat Housing Inc Tulsa, OK | $7,572,730 | $1,711,350 |
Smiles Charity Inc Mckinney, TX | $638,268 | $533,730 |
Transitional Living Center El Paso, TX | $8,394,466 | $3,554 |