Rev John P Smyth Standing Tall Charitable Foundation
- Assets
- $5.5m
- Revenue
- $694.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Park Ridge, IL
- Founding
- 06/2006
- Data as of
- 12/2021
- EIN
- 32-0156071
Organization Overview
Rev John P Smyth Standing Tall Charitable Foundation is located in Park Ridge, IL. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Rev John P Smyth Standing Tall Charitable Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rev John P Smyth Standing Tall Charitable 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 12/2021, Rev John P Smyth Standing Tall Charitable Foundation generated $694.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $348.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION WAS FORMED TO PROVIDE SCHOLARSHIPS FOR UNDERPRIVILEGED CHILDREN AND EDUCATIONAL INSTITUTIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SCHOLARSHIPS TO UNDERPRIVILEGED CHILDREN
CONTRIBUTIONS TO EDUCATIONAL INSTITUTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary M Vitulli Executive Dir. | OfficerTrustee | 2 | $45,731 |
Sharon Altier Vice President | Trustee | 2 | $0 |
Frank Difranco President | Trustee | 5 | $0 |
Heidi Lawton Treasurer | Trustee | 2 | $0 |
Frances Eraci Honorary Board | Trustee | 2 | $0 |
Michael J Eraci Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $190,281 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $190,281 |
| Total Program Service Revenue | $0 |
| Investment income | $67,384 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,400 |
| Net Gain/Loss on Asset Sales | $378,388 |
| Net Income from Fundraising Events | $21,803 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $694,072 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $113,775 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $45,731 |
| Compensation of current officers, directors, key employees. | $45,731 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,422 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,535 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,000 |
| Fees for services: Accounting | $7,615 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,471 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,445 |
| Office expenses | $5,574 |
| Information technology | $13,566 |
| Royalties | $0 |
| Occupancy | $11,295 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $461 |
| Interest | $15,109 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,050 |
| Insurance | $4,794 |
| All other expenses | $847 |
| Total functional expenses | $348,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $589,313 |
| 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 | $709,981 |
| Investments—publicly traded securities | $4,178,694 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,477,988 |
| 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 | $323,262 |
| Total liabilities | $323,262 |
| Net assets without donor restrictions | $5,154,726 |
| 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 | $5,477,988 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Rev John P Smyth Standing Tall Charitable Foundation has recieved totaling $73,122.
| Awarding Organization | Amount |
|---|---|
Greater Organization For Less Fortunate Lake Bluff, IL PURPOSE: College Scholarships | $55,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,100 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $8,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Endowment Analysis
| Beg. Balance | $100,000 |
| Ending Balance | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
Sigma Chi Foundation Evanston, IL | $40,441,719 | $12,690,646 |