Smart Life Family Foundation
- Assets
- $110.6k
- Revenue
- $38.8k
- Investments
- $104.5k
- Employees
- 0
- Location
- Vienna, VA
- Founding
- Data as of
- 11/2023
- EIN
- 87-3826853
Organization Overview
Smart Life Family Foundation is located in Vienna, VA. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Smart Life Family 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 11/2023, Smart Life Family Foundation generated $38.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (46.1%) each year. All expenses for the organization totaled $45.3k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Nie CPA Chief Executive Officer | 2 | $510 | |
Chris Nie Chief Financial Officer Trea | 1 | $480 | |
Kevin Nie Chief Operationg Officer | 1 | $0 | |
Olesia Soukhoveev Chief Technology Officer | 1 | $0 | |
Alexandra Soukhoveev Chief Marketing Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $39,450 |
| Interest on Savings | $0 |
| Dividends & Interest | $863 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,489 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,824 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $990 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $95 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,422 |
| Printing and publications | $23 |
| Other expenses | $14,264 |
| Total operating and administrative expenses | $25,054 |
| Contributions, gifts, grants paid | $20,236 |
| Total expenses and disbursements | $45,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,020 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $19,163 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $110,561 |
| Accounts payable and accrued expenses | $11,786 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,786 |
Grants Awarded
Over the last fiscal year, Smart Life Family Foundation has awarded $20,236 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
CATALYST YOUTH NETWORK OAKLAND CA PURPOSE: SUPPORT YOUTH DEVELOPMENT OPERATIONS | $125 |
CHINSE AMERICAN PARENTS ASSO - HC PURPOSE: SUPPORT ASIAN AMERICAN COMMUNITY | $725 |
CHINESE AMERICAN PARENT ASSO - BC PURPOSE: SUPPORT ASIAN AMERICANS COMMUNITY OPERATIONS | $700 |
CHINSE AMERICAN PARENTS ASSO - MC PURPOSE: SUPPORT ASIAN AMERICANS COMMUNITY OPERATIONS | $500 |
CHINSE AMERICAN PARENTS ASSO NOVA PURPOSE: SUPPORT ASIAN AMERICANS COMMUNITY OPERATIONS | $2,325 |
CHINSE AMERICAN PARENTS ASSO - RTMD PURPOSE: SUPPORT ASIAN AMERICAN COMMUNITY OPERATIONS | $125 |