Freda B & William H Smith Trust
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Freda B & William H Smith Trust is a 501(c)(3) organization based in Conrad, Iowa, registered in 1992, with $63,505 in FY2025 revenue. CharityIndex grades it F.
Po Box 10, Conrad, IA, 50621 EIN 42-6478959 Since 1992
Revenue (FY2025)
$64K
▼ 95.6% vs prior year
Expenses (FY2025)
$110K
Net assets
$1.5M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—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 Freda B & William H Smith Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating169 mo reserves · -73% 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 Freda B & William H Smith Trust: 169 mo reserves · -73% margin earns a F 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 Freda B & William H Smith Trust— 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 Freda B & William H Smith Trust: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $42K (FY2013) to $64K (FY2025) across 13 reported years.
Financial snapshot
Financial health & position (FY2025)
Liabilities $0Net assets $1.5M
Operating margin
-72.7%
Spent more than it raised in the latest fiscal year.
Total assets
$1.5M
Total liabilities
$0
Net assets
$1.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2025 | $63,505▼95.6% | $109,660▼73.7% | $1,543,921▼2.9% | $1,543,921▼2.9% | 990PF |
| 2024 | $1,428,650▲5271% | $416,519▲306% | $1,590,076▲434% | $1,590,076▲434% | 990PF |
| 2023 | $26,600▼40.6% | $102,547▲153% | $297,945▼20.3% | $297,945▼20.3% | 990PF |
| 2022 | $44,809▲26.7% | $40,505▲9.7% | $373,892▼0.4% | $373,892▼2.2% | 990PF |
| 2021 | $35,375▲1.3% | $36,930▼15.1% | $375,231▼0.4% | $382,408▼0.7% | 990PF |
| 2020 | $34,929▼3.8% | $43,521▲16.8% | $376,786▲6.9% | $384,986▼1.5% | 990PF |
| 2019 | $36,305▲0.2% | $37,272▲7.9% | $352,503▼0.3% | $390,953▲1.2% | 990PF |
| 2018 | $36,234▼0.3% | $34,548▼2.4% | $353,470▲0.5% | $386,285▲0.7% | 990PF |
| 2017 | $36,361▼4.8% | $35,383▼9.5% | $351,784▲0.3% | $383,759▼0.2% | 990PF |
| 2016 | $38,203▼12.8% | $39,107▼2.3% | $350,806▼0.3% | $384,446▼0.7% | 990PF |
| 2015 | $43,802▲4.6% | $40,008▼5.1% | $351,710▲1.1% | $387,175▲0.1% | 990PF |
| 2014 | $41,874▼1.1% | $42,154▲11.1% | $347,916▼0.1% | $386,601▼0.8% | 990PF |
| 2013 | $42,343 | $37,931▼10.7% | $348,196▲1.3% | $389,871▲1.6% | 990PF |
| 2012 | — | $42,467 | $343,784 | $383,672 | 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.
Frequently asked questions
- Is Freda B & William H Smith Trust a legitimate nonprofit?
- Yes. Freda B & William H Smith Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-6478959, based in Conrad, Iowa. Donations are tax-deductible.
- What is Freda B & William H Smith Trust's EIN?
- Freda B & William H Smith Trust's Employer Identification Number (EIN) is 42-6478959.
- How much revenue does Freda B & William H Smith Trust report?
- Freda B & William H Smith Trust reported $63,505 in total revenue on its fiscal year 2025 IRS Form 990 filing.
- What financial grade does Freda B & William H Smith Trust have?
- CharityIndex grades Freda B & William H Smith Trust F, based on financial health (reserves and operating margin).
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Data for Freda B & William H Smith Trust (EIN 42-6478959) 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.