Nonprofit · EIN 81-2297831
SMART FAMILY FUND
Tax-exempt · LISLE, IL 60532
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $2,976,342 | $1,985,110 | $991,232 | $17,265,221 | $3,187 | $17,262,034 |
| December 31, 2023 | 990-PF | $888,206 | $2,002,405 | -$1,114,199 | $16,282,187 | $1,647 | $16,280,540 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $378,655
- Net gain from sales of assets
- $2,597,687
Expenses
- Grants and similar amounts paid
- $1,510,000
- Compensation of officers, directors and key employees
- $120,000
- Disbursements for charitable purposes
- $1,656,947
- Excise tax on investment income
- $37,157
Balance sheet and other
- Total assets, start of year
- $16,282,187
- Total assets, end of year
- $17,265,221
- Total liabilities, end of year
- $3,187
- Net assets, end of year
- $17,262,034
- Fair market value of assets
- $41,995,895
- Qualifying distributions
- $1,656,947
- Net investment income
- $2,976,342
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 |
|---|---|---|---|
| DAVID ARCHIBALD SMART 1001 WARRENVILLE ROAD SUITE 500, LISLE, IL 605324306 | PRESIDENT AND DIRECTOR | 5 | $40,000 |
| ROLAND M SMART 1001 WARRENVILLE ROAD SUITE 500, LISLE, IL 605324306 | VP/TREASURER AND DIRECTOR | 5 | $40,000 |
| JESSE SAFIR 1001 WARRENVILLE ROAD SUITE 500, LISLE, IL 605324306 | VP/SECRETARY AND DIRECTOR | 5 | $40,000 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID ARCHIBALD SMART 1001 WARRENVILLE ROAD SUITE 500, LISLE, IL 605324306 | PRESIDENT AND DIRECTOR | 5 | $40,000 |
| ROLAND M SMART 1001 WARRENVILLE ROAD SUITE 500, LISLE, IL 605324306 | VP/TREASURER AND DIRECTOR | 5 | $40,000 |
| JESSE SAFIR 1001 WARRENVILLE ROAD SUITE 500, LISLE, IL 605324306 | VP/SECRETARY AND DIRECTOR | 5 | $40,000 |
Address and contacts
- Address (IRS master file)
- 1001 WARRENVILLE RD STE 500, LISLE, IL 60532-4306
- Signed the 990-PF
- DAVID ARCHIBALD SMART, PRESIDENT
- Phone
- (331) 702-2760
- Return prepared by
- THE INNOVATIVE CPA GROUP LLC
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
- 81-2297831
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $17,265,221
- Income (IRS master file)
- $5,963,019
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $2,976,342 | $1,985,110 | $17,265,221 | XML |
| 990-PF | December 2023 | $888,206 | $2,002,405 | $16,282,187 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | 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 81-2297831).
Questions about SMART FAMILY FUND
- What is the EIN of SMART FAMILY FUND?
- The employer identification number (EIN) of SMART FAMILY FUND is 81-2297831.
- Is SMART FAMILY FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to SMART FAMILY FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SMART FAMILY FUND file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SMART FAMILY FUND 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 SMART FAMILY FUND 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 SMART FAMILY FUND?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $40,000 (DAVID ARCHIBALD SMART, PRESIDENT AND DIRECTOR).
- How much revenue does SMART FAMILY FUND have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,976,342, expenses of $1,985,110 and total assets of $17,265,221 at year end.
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