Nonprofit · EIN 56-0611550
SMITH RICHARDSON FOUNDATION INC
Tax-exempt · GREENSBORO, NC 27408
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $39,816,880 | $34,477,058 | $5,339,822 | $557,948,572 | $42,188,032 | $515,760,540 |
| December 31, 2023 | 990-PF | $44,427,804 | $24,151,633 | $20,276,171 | $545,245,316 | $34,824,598 | $510,420,718 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,652,000
- Dividends
- $11,512,007
- Interest
- $30,670
- Net gain from sales of assets
- $33,701,481
- Other income
- -$8,079,278
Expenses
- Grants and similar amounts paid
- $25,780,470
- Compensation of officers, directors and key employees
- $2,124,653
- Salaries, compensation and benefits (total)
- $1,478,124
- Disbursements for charitable purposes
- $29,547,796
- Excise tax on investment income
- $546,863
Balance sheet and other
- Total assets, start of year
- $545,245,316
- Total assets, end of year
- $557,948,572
- Total liabilities, end of year
- $42,188,032
- Net assets, end of year
- $515,760,540
- Fair market value of assets
- $557,948,572
- Qualifying distributions
- $29,547,796
- Net investment income
- $48,320,988
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PL RICHARDSON 701 GREEN VALLEY ROAD STE 306, GREENSBORO, NC 27408 | CHAIRMAN OF THE TRUSTEES | 50 | $775,554 | $124,718 |
| DR MARIN STRMECKI 701 GREEN VALLEY ROAD STE 306, GREENSBORO, NC 27408 | PRESIDENT, DIRECTOR OF PROGRAMS | 50 | $711,430 | $116,893 |
| ALLAN SONG 701 GREEN VALLEY RD, GREENSBORO, NC 27408 | SR PROGRAM OFFICER Highest-paid employee | 37.5 | $286,075 | $112,115 |
| MARK STEINMEYER 701 GREEN VALLEY RD, GREENSBORO, NC 27408 | SR PROGRAM OFFICER Highest-paid employee | 37.5 | $280,055 | $75,285 |
| CHRISTOPHER GRIFFIN 701 GREEN VALLEY RD, GREENSBORO, NC 27408 | SR PROGRAM OFFICER Highest-paid employee | 37.5 | $228,750 | $115,961 |
| ROSS HEMPHILL 701 GREEN VALLEY ROAD STE 306, GREENSBORO, NC 27408 | SENIOR VP, CFO, INVESTMENT CMT | 47 | $172,660 | $119,149 |
| MCKINLEY JOHNSON 701 GREEN VALLEY RD, GREENSBORO, NC 27408 | SR PORTFOLIO ACCOUNT Highest-paid employee | 37.5 | $156,172 | $86,746 |
| DAWN CARD 701 GREEN VALLEY RD, GREENSBORO, NC 27408 | EXECUTIVE ASSISTANT Highest-paid employee | 37.5 | $143,704 | $65,687 |
| NICOLE BATEMAN 701 GREEN VALLEY ROAD STE 306, GREENSBORO, NC 27408 | ASSISTANT SECRETARY | 40 | $114,107 | $54,890 |
| DR ARVID R NELSON 701 GREEN VALLEY ROAD STE 306, GREENSBORO, NC 27408 | TRUSTEE, SECRETARY, AUDIT CMT. CHAIR | 22 | $80,000 | $0 |
| WWINBURNE KING III 701 GREEN VALLEY ROAD STE 306, GREENSBORO, NC 27408 | VICE CHAIR OF THE TRUSTEES, INVST CMT | 40 | $70,902 | $78,708 |
| MICHAEL BLAIR 701 GREEN VALLEY ROAD STE 306, GREENSBORO, NC 27408 | TRUSTEE, AUDIT & COMPENSATION CMT. | 1 | $40,000 | $0 |
| JOHN P RICHARDSON JR 701 GREEN VALLEY ROAD STE 306, GREENSBORO, NC 27408 | TRUSTEE, AUDIT COMMITTEE | 1 | $40,000 | $0 |
| NICOLAS L RICHARDSON 701 GREEN VALLEY ROAD STE 306, GREENSBORO, NC 27408 | TRUSTEE, INVESTMENT CMT., GRANTS CMT | 1 | $40,000 | $0 |
| TYLER B RICHARDSON 701 GREEN VALLEY ROAD STE 306, GREENSBORO, NC 27408 | TRUSTEE, GRANTS & INVESTMENT CMT | 1 | $40,000 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| E WILLIAM STETSON III 701 GREEN VALLEY ROAD STE 306, GREENSBORO, NC 27408 | TRUSTEE, GRANTS COMMITTEE | 1 | $40,000 |
| MR RICHARDSON'S SUPPLEMENTAL RETIREMENT BENEFITS ARE BEING, ACCRUED OVER HIS EXPECTED 37 YR WIT, GREENSBORO, NC 27408 | N/A | 0 | $0 |
| THE ABOVE COMPENSATION SHOWS THE NET AMOUNT ADJ BY 1190791 OF, REIMBURSED EXPENSES FROM MOORINGS C, GREENSBORO, NC 27408 | N/A | 0 | $0 |
990-PF for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PL RICHARDSON 701 GREEN VALLEY ROAD STE 306, GREENSBORO, NC 27408 | CHAIRMAN OF THE TRUSTEES, PRESIDENT | 50 | $744,530 | $349,265 |
| DR MARIN STRMECKI 701 GREEN VALLEY ROAD STE 306, GREENSBORO, NC 27408 | SENIOR VP, DIRECTOR OF PROGRAMS | 50 | $677,536 | $119,284 |
| ALLAN SONG 701 GREEN VALLEY RD, GREENSBORO, NC 27408 | SR PROGRAM OFFICER Highest-paid employee | 37.5 | $270,142 | $114,297 |
| MARK STEINMEYER 701 GREEN VALLEY RD, GREENSBORO, NC 27408 | SR PROGRAM OFFICER Highest-paid employee | 37.5 | $264,636 | $76,147 |
| CHRISTOPHER GRIFFIN 701 GREEN VALLEY RD, GREENSBORO, NC 27408 | SR PROGRAM OFFICER Highest-paid employee | 37.5 | $217,367 | $112,988 |
| ROSS HEMPHILL 701 GREEN VALLEY ROAD STE 306, GREENSBORO, NC 27408 | SENIOR VP, CFO, INVESTMENT CMT | 48 | $191,839 | $126,602 |
| KARLA FRANK 701 GREEN VALLEY ROAD STE 306, GREENSBORO, NC 27408 | ASSISTANT SECRETARY | 40 | $182,388 | $70,427 |
| MCKINLEY JOHNSON 701 GREEN VALLEY RD, GREENSBORO, NC 27408 | SR PORTFOLIO ACCOUNT Highest-paid employee | 37.5 | $144,367 | $88,075 |
| DAWN CARD 701 GREEN VALLEY RD, GREENSBORO, NC 27408 | EXECUTIVE ASSISTANT Highest-paid employee | 37.5 | $136,779 | $68,669 |
| DR ARVID R NELSON 701 GREEN VALLEY ROAD STE 306, GREENSBORO, NC 27408 | TRUSTEE, SECRETARY, AUDIT CMT. CHAIRMA | 22 | $80,000 | $0 |
| WWINBURNE KING III 701 GREEN VALLEY ROAD STE 306, GREENSBORO, NC 27408 | VICE CHAIR. OF THE TRUSTEES, INVST CMT | 40 | $74,940 | $81,077 |
| MICHAEL BLAIR 701 GREEN VALLEY ROAD STE 306, GREENSBORO, NC 27408 | TRUSTEE, AUDIT & COMPENSATION CMT. | 1 | $40,000 | $0 |
| JOHN P RICHARDSON JR 701 GREEN VALLEY ROAD STE 306, GREENSBORO, NC 27408 | TRUSTEE & AUDIT COMMITTEE | 1 | $40,000 | $0 |
| NICOLAS L RICHARDSON 701 GREEN VALLEY ROAD STE 306, GREENSBORO, NC 27408 | TRUSTEE, INVESTMENT CMT., GRANTS CMT | 1 | $40,000 | $0 |
| TYLER B RICHARDSON 701 GREEN VALLEY ROAD STE 306, GREENSBORO, NC 27408 | TRUSTEE, GRANTS ADV. CMT & INVESTMENT | 1 | $40,000 | $0 |
| E WILLIAM STETSON III 701 GREEN VALLEY ROAD STE 306, GREENSBORO, NC 27408 | TRUSTEE & GRANTS COMMITTEE | 1 | $40,000 | $0 |
| 213035 SHOWN IN COL D WAS NOT PAID TO MR RICHARDSON IN CY THIS IS, UNVESTED RETIREMENT BENEFIT ACCR, GREENSBORO, NC 27408 | N/A | 0 | $0 | $0 |
| MR RICHARDSON'S SUPPLEMENTAL RETIREMENT BENEFITS ARE BEING, ACCRUED OVER HIS EXPECTED 37 YR WIT, GREENSBORO, NC 27408 | N/A | 0 | $0 | $0 |
| THE ABOVE COMPENSATION SHOWS THE NET AMOUNT ADJ BY 1369113 OF, REIMBURSED EXPENSES FROM MOORINGS C, GREENSBORO, NC 27408 | N/A | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 701 GREEN VALLEY RD STE 306, GREENSBORO, NC 27408-7096
- Signed the 990-PF
- ROSS HEMPHILL, OFFICER
- Phone
- (336) 379-8600
- Website
- WWW.SRF.ORG
- Return prepared by
- RSM US LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 56-0611550
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1948
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20Z)
- Assets (IRS master file)
- $557,948,572
- Income (IRS master file)
- $6,115,399
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $39,816,880 | $34,477,058 | $557,948,572 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $44,427,804 | $24,151,633 | $545,245,316 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-0611550).
Questions about SMITH RICHARDSON FOUNDATION INC
- What is the EIN of SMITH RICHARDSON FOUNDATION INC?
- The employer identification number (EIN) of SMITH RICHARDSON FOUNDATION INC is 56-0611550.
- Is SMITH RICHARDSON FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1948.
- Are donations to SMITH RICHARDSON FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SMITH RICHARDSON FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SMITH RICHARDSON FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SMITH RICHARDSON FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of SMITH RICHARDSON FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 18 people; 16 received compensation from the organization, the highest $775,554 (PL RICHARDSON, CHAIRMAN OF THE TRUSTEES).
- How much revenue does SMITH RICHARDSON FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $39,816,880, expenses of $34,477,058 and total assets of $557,948,572 at year end.
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