BETA

THE STEVE SMITH FAMILY FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
THE STEVE SMITH FAMILY FOUNDATION (EIN 30-0778749)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-15
IRS object ID
202313199349104986
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-11-15T11:14:19-08:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN561688300PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foard and Company PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1817 E Morehead St Ste 100AddressLine1Txt
CityCharlotteCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28202ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN300778749EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Steve Smith Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSTEVBusinessNameControlTxt
Phone7042663689PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 77401AddressLine1Txt
CityCharlotteCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28271ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonStevonne L Smith SrPersonNm
Person TitleTrusteePersonTitleTxt
Signature2023-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstStevonne L SmithPersonFirstNm
Person LastSrPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTerry W LancasterPreparerPersonNm
PTINP00096087PTIN
Phone7043721515PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
PF60 Month Term Sect507b1 BYes (X)PF60MonthTermSect507b1BInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$8,737,085FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$3,899,511ContriRcvdRevAndExpnssAmt
Other Income Rev And Expnss$82,973OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$3,982,484TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$105,625CompOfcrDirTrstRevAndExpnssAmt
Oth Empl Slrs Wgs Rev And Expnss$100,515OthEmplSlrsWgsRevAndExpnssAmt
Other Prof Fees Rev And Expnss$59,406OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss$15,770TaxesRevAndExpnssAmt
Occupancy Rev And Expnss$131,689OccupancyRevAndExpnssAmt
Other Expenses Rev And Expnss$153,261OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$566,266TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$6,815ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$6,815ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$573,081TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$6,815TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$3,409,403ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$565,159CashBOYAmt
Cash EOY$1,196,731CashEOYAmt
Cash EOYFMV$1,196,731CashEOYFMVAmt
Sav And Temp Cash Invst EOY$150,000SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$150,000SavAndTempCashInvstEOYFMVAmt
Grants Receivable BOY$50,000GrantsReceivableBOYAmt
Grants Receivable EOY$112,500GrantsReceivableEOYAmt
Grants Receivable EOYFMV$112,500GrantsReceivableEOYFMVAmt
Prepaid Expenses BOY$3,592PrepaidExpensesBOYAmt
Prepaid Expenses EOY$10,922PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$10,922PrepaidExpensesEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$7,326,944LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$60,012LandBldgEquipAccumDeprecAmt
Land BOY$4,096,652LandBOYAmt
Land EOY$7,266,932LandEOYAmt
Land EOYFMV$7,266,932LandEOYFMVAmt
Total Assets BOY$4,715,403TotalAssetsBOYAmt
Total Assets EOY$8,737,085TotalAssetsEOYAmt
Total Assets EOYFMV$8,737,085TotalAssetsEOYFMVAmt
Accounts Payable BOY$8,500AccountsPayableBOYAmt
Mortgages And Notes Payable BOY$3,690,850MortgagesAndNotesPayableBOYAmt
Mortgages And Notes Payable EOY$3,983,215MortgagesAndNotesPayableEOYAmt
Other Liabilities BOY$109,498OtherLiabilitiesBOYAmt
Other Liabilities EOY$437,912OtherLiabilitiesEOYAmt
Total Liabilities BOY$3,808,848TotalLiabilitiesBOYAmt
Total Liabilities EOY$4,421,127TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$856,555NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$4,315,958NoDonorRstrNetAssestsEOYAmt
Donor Rstr Net Assets BOY$50,000DonorRstrNetAssetsBOYAmt
Tot Net Ast Or Fund Balances BOY$906,555TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$4,315,958TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$4,715,403TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$8,737,085TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$906,555TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$3,409,403ExcessRevenueOverExpensesAmt
Subtotal$4,315,958SubtotalAmt
Tot Net Ast Or Fund Balances EOY$4,315,958TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Applied To ES Tax$0AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website Addresswww.stevesmithfamilyfdn.orgWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Stevonne L Smith Sr TrusteeBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7042663689PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO Box 77401AddressLine1Txt
CityCharlotteCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28271ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (7 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Stevonne L Smith Sr
PO Box 77401CharlotteNC28271Member5.00$0
Toya Del Valle
PO Box 77401CharlotteNC28271President3.00$0
Blaine Jackson
PO Box 77401CharlotteNC28271Treasurer3.00$0
Joseph Fushey
PO Box 77401CharlotteNC28271Secretary3.00$0
Trey Morgan
PO Box 77401CharlotteNC28271Member3.00$0
Michelle Hunt
PO Box 77401CharlotteNC28271Executive Dir.40.00$105,625
Michael Salamone
PO Box 77401CharlotteNC28271Member3.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$881,686AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$881,686TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$881,686AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$13,225CashDeemedCharitableAmt
Net Vl Noncharitable Assets$868,461NetVlNoncharitableAssetsAmt
Minimum Investment Return$43,423MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$43,423MinimumInvestmentReturnAmt
Distributable Before Adj$43,423DistributableBeforeAdjAmt
Distributable Before Ded$43,423DistributableBeforeDedAmt
Distributable As Adjusted$43,423DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$6,815ExpensesAndContributionsAmt
Qualifying Distributions$6,815QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$43,423DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$105,427ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$40,714ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$120,788ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$56,244ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$323,173TotalExcessDistributionCyovAmt
Qualifying Distributions$6,815QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$6,815AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$36,608ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$36,608ExcessDistributionCyovAppCYAmt
Total Corpus$286,565TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$68,819ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$217,746ExcessDistriCyovToNextYrAmt
Excess From Year4$40,714ExcessFromYear4Amt
Excess From Year3$120,788ExcessFromYear3Amt
Excess From Year2$56,244ExcessFromYear2Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerStevonne L Smith SrContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonStevonne L Smith SrRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PO Box 77401AddressLine1Txt
CityCharlotteCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28271ZIPCd
FieldValueIRS element (for citing)
Recipient Phone7042663689RecipientPhoneNum
Form And Info And MaterialsRequests for funds should be submitted in writing and include a description of the following: (1) Organization/Individual requesting funds, (2) desired usage of the funds, and (3) whom the funds will benefit.FormAndInfoAndMaterialsTxt
Submission DeadlinesNoneSubmissionDeadlinesTxt
Restrictions On AwardsThe amount of the grant will depend on the application and the need for funds.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Charlotte Hornets Foundation
333 E Trade StCharlotteNC28202General support$4,500
Teal Fitness
14219 Reese BlvdHuntersvilleNC28078Race sponsorship$2,000
Charlotte Knights
2280 Deerfield DrFort MillSC29715General support$315
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$6,815TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd

Net Rntl Incm Re Debt Fincd Prop NetRntlIncmReDebtFincdPropGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,500RelatedOrExemptFunctionIncmAmt

Net Income Loss From Special Evt NetIncomeLossFromSpecialEvtGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$78,947RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescOtherDesc
Related Or Exempt Function Incm$526RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$82,973RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$82,973TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (9 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
Grambell Foundation
15625 Fairview RdCharlotteNC28209$50,000Yes (X)
NFL Foundation
2345 Park AveNew YorkNY10154$20,000Yes (X)
Mecklenburg County
3700 E 4th StCharlotteNC28202$2,000,000Yes (X)
TD Charitable Foundation
4PO Box 9540PortlandME04112$30,000Yes (X)
Alliance Health
55200 W Paramount ParkwayMorrisvilleNC27560$1,110,000Yes (X)
The Cannon Foundation
652 Spring St NWConcordNC28025$100,000Yes (X)
Coca Cola
74100 Coca-Cola PlazaCharlotteNC28211$75,000Yes (X)
Ally Financial
8601 S Tryon StCharlotteNC28202$25,000Yes (X)
Foundation for a Healthy Carolina
9220 N Tryon StCharlotteNC28202$25,000Yes (X)

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (5 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmtEOYFMVEOYFMVAmt
Auto./Transportation Equip.$24,100$9,640$14,460$14,460
Furniture and Fixtures$12,718$6,662$6,056$6,056
Buildings$3,102,204$43,710$3,058,494$3,058,494
Land$894,827$894,827$894,827
Miscellaneous$3,293,095$3,293,095$3,293,095

Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch

FieldValueIRS element (for citing)
Mortgage$3,983,215MortgageAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
Advertising$7,380
Insurance$3,820
Supplies$139,074
Travel$2,987

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
Income From Special Events$78,947
Other$526
Rental Income - Noninvestment Property$3,500

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryContract servicesCategoryTxt
Amt$59,406Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryPayroll taxesCategoryTxt
Amt$15,770Amt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.