Sma Healthcare Foundation Inc
- Assets
- $7.7m
- Revenue
- $1.7m
- Investments
- $673.1k
- Employees
- 0
- Location
- Daytona Beach, FL
- Founding
- 03/1998
- Data as of
- 06/2023
- EIN
- 59-3496645
Organization Overview
Sma Healthcare Foundation Inc is located in Daytona Beach, FL. The organization was established in 1998. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sma Healthcare Foundation Inc 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 06/2023, Sma Healthcare Foundation Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $724.8k during the year ending 06/2023. While expenses have increased by 1.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER RELATIONSHIPS TO INCREASE COMMUNITY AWARENESS AND SUPPORT FOR SERVICES PROVIDED BY SMA HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FINANCIAL ASSISTANCE TO CLIENTS AND PROGRAMS OF SMA HEALTHCARE INC. THE FOUNDATION FUNDED MORE THAN $340,000 IN PROGRAM ENCHANCEMENTS TO SMA HEALTHCARE INC. IN THE 2022-2023 FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Brooks Casey Vice-Chairman | OfficerTrustee | 1 | $0 |
Lawrence J Mcdermott Treasurer | OfficerTrustee | 1 | $0 |
James Rose Sma Board Liaison, Until 10/2022 | Trustee | 1 | $0 |
Salman Ahmed Sma Board Liaison, As Of 11/2022 | Trustee | 1 | $0 |
Heather Shubirg Secretary | OfficerTrustee | 1 | $0 |
Andrew Gurtis Immediate Past Chairman | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $88 |
| Fundraising events | $170,112 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,146,783 |
| Noncash contributions included in lines 1a–1f | $12,457 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,341,983 |
| Total Program Service Revenue | $260,000 |
| Investment income | $75,576 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,178 |
| Net Income from Fundraising Events | -$28,519 |
| Net Income from Gaming Activities | $6,780 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,691,998 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $342,049 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,964 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,891 |
| Information technology | $10,774 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,226 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $272,986 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $724,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,613 |
| Savings and temporary cash investments | $587,551 |
| 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 | $3,361,609 |
| Investments—publicly traded securities | $2,583,714 |
| Investments—other securities | $673,084 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $345,803 |
| Total assets | $7,658,374 |
| Accounts payable and accrued expenses | $1,265 |
| Grants payable | $0 |
| Deferred revenue | $11,285 |
| 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 | $365,801 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $378,351 |
| Net assets without donor restrictions | $5,680,738 |
| Net assets with donor restrictions | $1,599,285 |
| 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 | $7,658,374 |