Sma Foundation is located in Austin, TX. The organization was established in 2000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sma Foundation 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 12/2022, Sma Foundation generated $30.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $30.0k during the year ending 12/2022. While expenses have increased by 12.8% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION FUNDS AN EDUCATIONAL SCHOLARSHIP PROGRAMAND PUBLIC RELATIONS EFFORT FOR THE MOVING INDUSTRY, BYINVESTING AMOUNTS RAISED AND HOLDING ANNUAL FUNDRAISERS.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Andis Committee Member | 1 | $0 | |
Francey Beall Committee Chair | 1 | $0 | |
Joyce Foster Committee Member | 1 | $0 | |
Chad Miller Committee Member | 1 | $0 | |
Derrick Potter Committee Member | 1 | $0 | |
Andy Crocker Committee Member | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,100 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,276 |
| Gain or Loss | $10,425 |
| Net Income from Gaming & Fundraising | $4,944 |
| Other Revenue | $0 |
| Total Revenue | $30,745 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,692 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $833 |
| Total expenses | $30,025 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $218,890 |
| Other assets | $0 |
| Total assets | $239,571 |
| Total liabilities | $5,575 |
| Net assets or fund balances | $233,996 |