Sms Research Foundation
- Assets
- $364.7k
- Revenue
- $268.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Weston, FL
- Founding
- 09/2010
- Data as of
- 12/2022
- EIN
- 27-2906662
Organization Overview
Sms Research Foundation is located in Weston, FL. The organization was established in 2010. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sms Research Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Sms Research Foundation generated $268.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $232.2k during the year ending 12/2022. While expenses have increased by 10.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT RESEARCH TO IMPROVE KNOWLEDGE AND UNDERSTANDING OF SMITH-MAGENIS SYNDROME SO THAT VIABLE THERAPEUTIC OPTIONS CAN BE DEVELOPED IN ORDER TO IMPROVE THE QUALITY OF LIFE FOR THOSE WITH SMITH-MAGENIS SYNDROME
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL RESEARCH GRANT TO MCGILL UNIVERSITY IN ORDER TO IMPROVE KNOWLEDGE AND UNDERSTANGIN OF SMITH-MAGENIS SYNDROME SO THAT VIABLE THERAPEUTIC OPTIONS CAN BE DEVELOPED IN ORDER TO IMPROVE THE QUALITY OF LIFE FOR THOSE WITH SMITH-MAGENIS SYNDROME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremie Hains-Pouliot Board Member | Trustee | 1 | $0 |
Jennifer Iannuzzi President | OfficerTrustee | 10 | $0 |
Michael Kingston Board Member | Trustee | 1 | $0 |
Daniel Longman CFO | OfficerTrustee | 5 | $0 |
Missy Longman Board Member | Trustee | 1 | $0 |
Jonathan Miller Vice Preside | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $42,982 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $230,559 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $273,541 |
| Total Program Service Revenue | $0 |
| Investment income | -$4,686 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $268,855 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $162,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,487 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,338 |
| Fees for services: Management | $759 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $249 |
| Advertising and promotion | $12,480 |
| Office expenses | $25,432 |
| Information technology | $5,726 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $714 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,103 |
| Insurance | $1,161 |
| All other expenses | $0 |
| Total functional expenses | $232,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,821 |
| Savings and temporary cash investments | $224,530 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $318 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $364,669 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $708 |
| Total liabilities | $708 |
| Net assets without donor restrictions | $363,961 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $364,669 |
Grants Awarded
Over the last fiscal year, Sms Research Foundation has awarded $312,482 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
YALE UNIVERSITY PURPOSE: MEDICAL RESEARCH | $81,000 |
BAYLOR COLLEGE OF MEDICINE PURPOSE: MEDICAL RESEARCH | $231,482 |