Smithfield-preston Foundation
Only null% goes to programs Strong reserves
Smithfield-preston Foundation is a 501(c)(3) organization based in Blacksburg, Virginia, registered in 1996, with $302,252 in FY2023 revenue. CharityIndex grades it B.
1000 Smithfield Plantation Rd, Blacksburg, VA, 24060 EIN 54-1785583 Since 1996
Revenue (FY2023)
$302K
▲ 125.8% vs prior year
Arts & Culture median: $159K
Expenses (FY2023)
$307K
Net assets
$3.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—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 Smithfield-preston 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 rating129 mo reserves · -2% 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 Smithfield-preston Foundation: 129 mo reserves · -2% 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 Smithfield-preston Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Smithfield-preston Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 1000 Smithfield Plantation Rd, Blacksburg, VA, 24060
- City
- Blacksburg
- State
- Virginia
- Category
- Arts, Culture & Humanities
- Subcategory
- Museums
- Website
- …
Financial trends
Revenue grew from $118K (FY2013) to $302K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $3,540Net assets $3.3M
Operating margin
-1.6%
Spent more than it raised in the latest fiscal year.
Total assets
$3.3M
Total liabilities
$3,540
Net assets
$3.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $302,252▲126% | $307,101▼8.8% | $3,299,349▼0.2% | $3,302,889▼0.3% | 990 |
| 2022 | $133,861▼65.6% | $336,690▼3.1% | $3,307,542▼4.0% | $3,312,598▼4.0% | 990 |
| 2021 | $389,597▲28.3% | $347,380▲19.7% | $3,444,574▼2.7% | $3,448,841▼3.5% | 990 |
| 2020 | $303,610▲58.4% | $290,324▼15.7% | $3,540,315▲4.5% | $3,572,331▲4.4% | 990 |
| 2019 | $191,715▼8.6% | $344,456▲50.6% | $3,388,170▼11.8% | $3,422,733▼11.1% | 990 |
| 2018 | $209,856▲15.1% | $228,757▲47.8% | $3,841,157▲4.1% | $3,848,789▲4.0% | 990 |
| 2017 | $182,283▼34.7% | $154,752▲8.5% | $3,690,238▲1.5% | $3,702,006▲1.4% | 990 |
| 2016 | $278,939▲34.9% | $142,636▲9.0% | $3,636,901▲6.2% | $3,650,605▲6.3% | 990 |
| 2015 | $206,799▲18.9% | $130,849▼8.1% | $3,424,140▲1.9% | $3,432,704▲2.1% | 990 |
| 2014 | $173,985▲47.5% | $142,431▲266% | $3,359,126▲413% | $3,362,364▲414% | 990 |
| 2013 | $117,984 | $38,947 | $654,778 | $654,778 | 990 |
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.
Grants received · $161K total
4 grants to Smithfield-preston Foundation totaling $161K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $20,250 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $20,250 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $20,100 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2016 | $100,785 |
Similar organizations in Arts & Culture
Arts & Culture
Four County Players Inc
Barboursville, VA
$303K
Bannual revenue
- Arts & Culture
Council of United Filipino Organizations of Tidewater Virgini
Virginia Bch, VA
$301K
C+annual revenue
Arts & Culture
Petersburg Area Art League Inc
Petersburg, VA
$303K
Bannual revenue
- Arts & Culture
Blanket Incorporated
Harrisonburg, VA
$301K
C+annual revenue
- Arts & Culture
Choralis Foundation
Falls Church, VA
$301K
Cannual revenue
Arts & Culture
Local Motion Project
Alexandria, VA
$304K
Dannual revenue
- Arts & Culture
Ravel Dance Company Inc
Reston, VA
$304K
Dannual revenue
Arts & Culture
Newport News Public Art Foundation
Newport News, VA
$300K
Bannual revenue
Arts & Culture
Rainbow Productions
Hampton, VA
$305K
C+annual revenue
- Arts & Culture
Bridge Pai
Charlottesvle, VA
$299K
C+annual revenue
Compare Smithfield-preston Foundation
Frequently asked questions
- Is Smithfield-preston Foundation a legitimate nonprofit?
- Yes. Smithfield-preston Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 54-1785583, based in Blacksburg, Virginia. Donations are tax-deductible.
- What is Smithfield-preston Foundation's EIN?
- Smithfield-preston Foundation's Employer Identification Number (EIN) is 54-1785583.
- How much revenue does Smithfield-preston Foundation report?
- Smithfield-preston Foundation reported $302,252 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Smithfield-preston Foundation have?
- CharityIndex grades Smithfield-preston Foundation B, based on financial health (reserves and operating margin).
More nonprofits in Blacksburg
Explore more
Data for Smithfield-preston Foundation (EIN 54-1785583) 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.