Smart Family Foundation Inc, Safafo in Huddleston, Virginia (VA)

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Smart Family Foundation Inc, Safafo
Employer Identification Number (EIN)522200241
Name of OrganizationSmart Family Foundation Inc
Secondary NameSafafo
In Care of NameJohn N Smart
Address200 Lee Dr, Huddleston, VA 24104-3031
SubsectionCharitable Organization
Ruling Date03/2000
DeductibilityContributions are deductible
FoundationPrivate operating foundation (other)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$1 to $9,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$366,036
Amount of Income$7,353
Form 990 Revenue Amount$-5,004
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Housing Development, Construction, Management


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Amount of income in 2013: $7,353 (it was $117,929 in 2012)
Smart Family Foundation Inc, Safafo: 

 $7,353
Other organizations performing similar types of work: 

 $141,278

Assets in 2013: $366,036 (it was $552,601 in 2012)
Smart Family Foundation Inc, Safafo: 

 $366,036
Other organizations performing similar types of work: 

 $740,093

Expenses in 2013: $193,918
Smart Family Foundation Inc, Safafo: 

 $193,918
Other organizations performing similar types of work: 

 $124,074

Income to expenses ratio in 2013: 0.0
This organization: 

 0.0
Other organizations performing similar types of work: 

 0.7

Grants share in income in 2013: 97.6%
Smart Family Foundation Inc, Safafo: 

 97.6%
Other organizations performing similar types of work: 

 3.7%

Financial snapshot ($)

Revenue for 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$7,353$46$178
Contributions, gifts, grants, etc., received$7,175
Interest on savings and temporary cash investments$46
Dividends and interest from securities$0
Gross rents$0
Gross sales price for all assets$0
Gross profit from sales of goods$0
Other income$132
Total expenses and disbursements$193,918$0$2,970$191,193
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$2,725
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$2,970$0$245
Contributions, gifts, grants paid$190,948
Excess of revenue over expenses and disbursements$-186,565
Net investment income$46
Adjusted net income$0
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$535,099$535,099$552,601$552,601$366,036$366,036
Cash - non-interest-bearing$0$0$0
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$0$0$0
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$169,356$169,374$0
Other assets$0$0
Total liabilities$0$1$0
Total liabilities and net assets/fund balances$535,099$552,601$366,036
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$0$0$0
Net capital loss$-58,240$0$0
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$1$0$0
Total credits and payments$133$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$0$0
Overpayment$0$0
Amount to be credited to next year's estimated tax$132$0$0
Statements Regarding Activities
201120122013
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?YesYesYes
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$505,306$543,850$432,177
Net value of noncharitable-use assets$535,692$425,694
Minimum investment return$24,886$26,785$21,285
Distributable Amount
201120122013
Distributable amount$0$0$0
Undistributed Income
201120122013
Distributable amount for this year$0$0$0
Undistributed income for this year. This amount must be distributed in the next year$0$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$1$0$0$0$1
Qualifying distributions made directly for active conduct of exempt activities$191,193$98,177$90,245$124,101$503,716
Value of all assets$1$0$0$0$1
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$14,190$65,451$60,166$82,734$222,541
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$46$0
Dividends and interest from securities$0$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Vf Affordable Housing Inc448 Depot St Ne, Christiansbrg, VA 24073-2050VA2000-11$716,864
2Vine Street Manor Housing Corp2300 Flora, Kansas City, MO 64108MO2004-03$366,819
3Shelter House Inc12310 Pinecrest Road, Reston, VA 20191-1653VA1981-08$4,080,844
4Phoenix House Mid-Atlantic Property Management Inc521 N Quincy St, Arlington, VA 22203-2136VA1998-01$802,293
5Rush Lifetime Homes1022 Commerce St Ste A, Lynchburg, VA 24504-1720VA1998-01$396,608
6Final Salute IncPo Box 156, Haymarket, VA 20168VA2011-01$386,710
7Retired Clergy Housing Corporation Of The Virginia Conference Of The4837 Village Lake Dr, N Chesterfld, VA 23234-6947VA2009-02$358,760
8Operation Renewed Hope Foundation6315 Maryview St, Alexandria, VA 22310-2928VA2012-01$351,956
9Views At Clarendon1210 N Highland St No B, Arlington, VA 22201-5087VA2007-02$318,487
10Bay Aging Apartment Jcc IncPO BOX 622, Urbanna, VA 23175-0622VA2006-09$294,794
11Developmental Housing CorporationPo Box 1568, Culpeper, VA 22701VA2012-03$271,185
12Spotsylvania United Methodist Housing Corporation220 Laurel St, Culpeper, VA 22701-4038VA1995-05$206,871
13Wesley Asi Of Northern Virginia5515 Cherokee Ave Ste 204, Alexandria, VA 22312-2309VA2004-06$205,113
14Revitalizing American Properties Inc6201 N Danford St, Fredericksburg, VA 22407VA2011-03$179,110
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16Thomas Jefferson Community Land TrustPO BOX 1606, Charlottesvle, VA 22902-1606VA2009-07$55,935
17Super Kids Ministries IncPO BOX 637, Hopewell, VA 23860-0637VA2003-09$45,580
18Saddler Home Inc2520 58th St, Hampton, VA 23661-1228VA1994-07$37,493
19Faith National Family Ministry IncPO BOX 1140, Montross, VA 22520-1140VA2010-04$10,087
20Smart Family Foundation Inc, Safafo200 Lee Dr, Huddleston, VA 24104-3031VA2000-03$7,353
Number of organizations performing similar types of work
Alaska15
Alabama79
Arkansas52
Arizona71
California590
Colorado62
Connecticut70
District of Columbia39
Delaware21
Florida278
Georgia199
Hawaii37
Iowa49
Idaho18
Illinois189
Indiana97
Kansas30
Kentucky63
Louisiana165
Massachusetts149
Maryland116
Maine37
Michigan201
Minnesota80
Missouri91
Mississippi47
Montana28
North Carolina133
North Dakota11
Nebraska34
New Hampshire15
New Jersey159
New Mexico19
Nevada27
New York431
Ohio189
Oklahoma55
Oregon47
Pennsylvania186
Rhode Island30
South Carolina70
South Dakota22
Tennessee105
Texas313
Utah33
Virginia114
Vermont10
Washington71
Wisconsin64
West Virginia23
Wyoming10
International36
Total5,080

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