Bill & Lois Smith Family Foundation
Only null% goes to programs Strong reserves Declining revenue
Bill & Lois Smith Family Foundation is a 501(c)(3) organization based in Allegan, Michigan, registered in 2000, with $341,871 in FY2024 revenue. CharityIndex grades it C+.
1104 Lincoln Rd, Allegan, MI, 49010 EIN 38-3472742 Since 2000
Revenue (FY2024)
$342K
▲ 32.0% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$363K
Net assets
$4.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Bill & Lois Smith Family Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating146 mo reserves · -6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Bill & Lois Smith Family Foundation: 146 mo reserves · -6% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Bill & Lois Smith Family Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Bill & Lois Smith Family Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1104 Lincoln Rd, Allegan, MI, 49010
- City
- Allegan
- State
- Michigan
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $129K (FY2013) to $342K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $4.4M
Operating margin
-6.1%
Spent more than it raised in the latest fiscal year.
Total assets
$4.4M
Total liabilities
$0
Net assets
$4.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $341,871▲32.0% | $362,890▲9.5% | $4,405,364▼0.7% | $4,405,364▼0.7% | 990PF |
| 2023 | $258,933▼62.0% | $331,477▲14.0% | $4,436,877▼1.7% | $4,436,877▼1.7% | 990PF |
| 2022 | $682,105▼61.9% | $290,725▲19.3% | $4,511,820▲9.5% | $4,511,820▲9.5% | 990PF |
| 2021 | $1,792,290▲1864% | $243,626▲12.2% | $4,120,440▲60.2% | $4,120,440▲60.2% | 990PF |
| 2020 | $91,258▼71.2% | $217,207▲10.2% | $2,571,776▼4.7% | $2,571,776▼4.7% | 990PF |
| 2019 | $317,381▼45.6% | $197,130▼3.2% | $2,698,925▲4.2% | $2,698,925▲4.2% | 990PF |
| 2018 | $583,162▲371% | $203,646▲12.2% | $2,589,670▲5.1% | $2,589,670▲5.1% | 990PF |
| 2017 | $123,806▲76.6% | $181,550▼3.5% | $2,464,717▼1.6% | $2,464,717▼1.6% | 990PF |
| 2016 | $70,112▼49.4% | $188,164▼1.2% | $2,504,136▼3.7% | $2,504,136▼3.7% | 990PF |
| 2015 | $138,551▼34.0% | $190,542▲4.4% | $2,601,496▼1.4% | $2,601,496▼1.4% | 990PF |
| 2014 | $210,021▲62.4% | $182,513▲5.0% | $2,637,371▲1.8% | $2,637,371▲1.8% | 990PF |
| 2013 | $129,291 | $173,773 | $2,590,489 | $2,590,489 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Bill & Lois Smith Family Foundation a legitimate nonprofit?
- Yes. Bill & Lois Smith Family Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-3472742, based in Allegan, Michigan. Donations are tax-deductible.
- What is Bill & Lois Smith Family Foundation's EIN?
- Bill & Lois Smith Family Foundation's Employer Identification Number (EIN) is 38-3472742.
- How much revenue does Bill & Lois Smith Family Foundation report?
- Bill & Lois Smith Family Foundation reported $341,871 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Bill & Lois Smith Family Foundation have?
- CharityIndex grades Bill & Lois Smith Family Foundation C+, based on financial health (reserves and operating margin).
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Data for Bill & Lois Smith Family Foundation (EIN 38-3472742) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.