Herbert L Smith III Family Fund
Only null% goes to programs Strong reserves
Herbert L Smith III Family Fund is a 501(c)(3) organization based in Mill Neck, New York, registered in 2007, with $71,530 in FY2024 revenue. CharityIndex grades it C+.
116 Horseshoe Rd, Mill Neck, NY, 11765 EIN 45-6151245 Since 2007
Revenue (FY2024)
$72K
▲ 122.0% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$56K
Net assets
$500K
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 Herbert L Smith III Family Fund— 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 rating106 mo reserves · +21% 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 Herbert L Smith III Family Fund: 106 mo reserves · +21% 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 Herbert L Smith III Family Fund— 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 Herbert L Smith III Family Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 116 Horseshoe Rd, Mill Neck, NY, 11765
- City
- Mill Neck
- State
- New York
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $55K (FY2013) to $72K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $500K
Operating margin
21.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$500K
Total liabilities
$0
Net assets
$500K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $71,530▲122% | $56,331▲27.0% | $499,934▲3.1% | $499,934▲3.1% | 990PF |
| 2023 | $32,227▼20.2% | $44,341▼22.7% | $484,735▼2.4% | $484,735▼2.4% | 990PF |
| 2022 | $40,380▼47.7% | $57,387▲23.5% | $496,849▼3.3% | $496,849▼3.3% | 990PF |
| 2021 | $77,232▲869% | $46,483▼8.3% | $513,856▲6.4% | $513,856▲6.4% | 990PF |
| 2020 | $7,970▼62.1% | $50,696▲15.8% | $483,107▼8.1% | $483,107▼8.1% | 990PF |
| 2019 | $21,006▼67.3% | $43,776▼8.1% | $525,833▼4.2% | $525,833▼4.2% | 990PF |
| 2018 | $64,161▲38.6% | $47,651▼18.2% | $548,603▲3.1% | $548,603▲3.1% | 990PF |
| 2017 | $46,284▲630% | $58,262▲30.8% | $532,093▼2.2% | $532,093▼2.2% | 990PF |
| 2016 | -$8,731▼115% | $44,538▼16.0% | $544,071▼8.9% | $544,071▼8.9% | 990PF |
| 2015 | $57,608▲31.3% | $53,014▼4.3% | $597,340▲0.8% | $597,340▲0.8% | 990PF |
| 2014 | $43,874▼19.9% | $55,403▲5.6% | $592,746▼1.9% | $592,746▼1.9% | 990PF |
| 2013 | $54,750 | $52,455▲2.7% | $604,275▲0.4% | $604,275▲0.4% | 990PF |
| 2012 | — | $51,056▲12.2% | $601,980▼2.6% | $601,980▼2.6% | 990PF |
| 2011 | — | $45,486 | $617,857 | $617,857 | 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 Herbert L Smith III Family Fund a legitimate nonprofit?
- Yes. Herbert L Smith III Family Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 45-6151245, based in Mill Neck, New York. Donations are tax-deductible.
- What is Herbert L Smith III Family Fund's EIN?
- Herbert L Smith III Family Fund's Employer Identification Number (EIN) is 45-6151245.
- How much revenue does Herbert L Smith III Family Fund report?
- Herbert L Smith III Family Fund reported $71,530 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Herbert L Smith III Family Fund have?
- CharityIndex grades Herbert L Smith III Family Fund C+, based on financial health (reserves and operating margin).
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Data for Herbert L Smith III Family Fund (EIN 45-6151245) 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.